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Economy

“Europe’s Gas Prices Jump To Record As Key Pipeline From Russia Halts Flows”

December 21, 2021

“European gas prices jumped to an all-time high on Tuesday after natural gas on a key pipeline from Russia to Germany reversed flow eastward and freezing temperatures took hold in many parts of Europe. The benchmark price for Europe at… Continue Reading…

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Personal Finance

“A quarter of Americans expect their financial situation to be worse in 2022. Here’s why”

December 21, 2021

“…Fully 26% believe their financial situation will get worse in 2022 and 42% believe it will stay about the same, a survey from Bankrate found. The financial website, through YouGov Plc, polled 2,450 adults Nov. 29-Dec. 1. Respondents lay the blame mostly… Continue Reading…

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Economy

Help Raxxmorz.com Grow. Spread The Word.

December 20, 2021

Raxxmorz.com is the main hub for content. Please share the articles. Make sure to subscribe as well. It’s completely free. You can also follow me on: Twitter and Linkedin. Feel free to leave any questions or comments. Also if you’re a… Continue Reading…

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Business

“Elon Musk says he will pay over $11 billion in taxes this year”

December 20, 2021

“Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history. “For those wondering, I will pay over $11 billion in taxes this year,” the Tesla CEO tweeted on Monday… That’s close to a CNBC estimate that Musk was set… Continue Reading…

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Stocks

“Dow falls 600 points to start the week as omicron continues to spook markets”

December 20, 2021

“The Dow Jones Industrial Average dropped 600 points, dragged down by losses in Boeing, Goldman Sachs and American Express. The S&P 500 dipped 1.4% and the technology-focused Nasdaq Composite declined 1.3%. The small-cap benchmark Russell 2000 lost 2.2%…” https://www.cnbc.com/2021/12/19/stock-market-futures-open-to-close-news.html People shorting the markets right… Continue Reading…

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Stocks

“Stocks trade near record highs as investors digest Fed’s latest move”

December 16, 2021

“U.S. stocks rose slightly in early trading Thursday trading the Federal Reserve signaled it would be aggressive on tapering and sees three interest rate hikes in 2022. The Dow Jones Industrial Average climbed 137 points. The S&P 500 was flat and within… Continue Reading…

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Banking

“In policy shift, the Fed projects three interest rate hikes in 2022”

December 16, 2021

“With inflation now running at its fastest pace in nearly 40 years and showing no signs of slowing down, the Federal Reserve on Wednesday abandoned its wait-and-see strategy and indicated that it could begin stepping on the economic brakes soon.… Continue Reading…

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Economy

“U.S. Retail Sales Trail Forecast, Suggesting Drag From Inflation”

December 15, 2021

“U.S. retail sales rose by less than forecast in November, suggesting that consumers are tempering purchases against a backdrop of the fastest inflation in decades…. The value of overall retail purchases increased 0.3%, the smallest advance in four months after… Continue Reading…

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Economy

“Europe’s biggest economy is on the brink of a winter recession”

December 15, 2021

“London (CNN Business)Germany is teetering on the brink of recession this winter as supply bottlenecks and a wave of new coronavirus cases hobble the economy. Europe’s largest economy will shrink 0.5% in the fourth quarter of this year, compared with the third, and stagnate… Continue Reading…

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Economy

“Wholesale prices measure rose 9.6% in November from a year ago, the fastest pace on record”

December 14, 2021

“Wholesale prices increased at their quickest pace on record in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday. The producer price index for final demand increased 9.6% over the previous… Continue Reading…

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