Business

“Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard”

“Britain’s top competition regulator on Wednesday moved to block Microsoft’s acquisition of video game publisher Activision Blizzard. The measure marks a major blow for the U.S. tech giant, as it seeks to convince authorities that the deal will benefit competition.… Continue Reading…

Real Estate

“Anxiety Strikes $8 Trillion Mortgage-Debt Market After SVB Collapse”

“So-called agency mortgage bonds are widely held by banks, insurers and bond funds because they are backed by the mortgage loans from government-owned lenders Fannie Mae and Freddie Mac. The bonds are far less likely to default than most debt… Continue Reading…

Economy, Energy

“Why $4 per gallon gas this spring isn’t out of the question”

“Don’t look now, but gas prices are heading back up, and GasBuddy predicts the national average could hit $4 again in a couple of months. The price for a gallon of regular is up more than 13% nationally over the… Continue Reading…

Economy, Stocks

“After $18 Trillion [decline], Global Stocks Face More Hurdles in 2023”

“…Reeling from a record $18 trillion wipeout, global stocks must surmount all these hurdles and more if they are to escape a second straight year in the red… With a drop of more than 20% in 2022, the MSCI All-Country… Continue Reading…

Economy, Energy

“Gasoline is cheaper now than a year ago — and could fall below $3”

“Gasoline prices are now cheaper across the U.S. than they were a year ago, and the price per gallon could fall below $3 for most Americans by the end of the year. According to AAA, the national average for a gallon… Continue Reading…

Economy

“‘I expect a tsunami of shutoffs’: 20 million American households are behind an average of $788 on their utility bills…”

“…According to the National Energy Assistance Directors Association (NEADA), roughly 20 million households in the U.S. — one out of six homes — are behind on their utility bills. As of August, these families owe about $16.1 billion in total,… Continue Reading…

Economy

“The typical U.S. household is spending $445 more a month due to inflation…”

“Inflation is causing American households to spend $445 more per month buying the same items they did a year ago, according to an estimate from Moody’s Analytics. Consumer prices jumped by 8.2% in September versus the same month in 2021, the U.S.… Continue Reading…

Energy

“Oil: ‘We’re going to see $65 before we see $100 ‘ in WTI, says analyst”

“OPEC+ will cut oil production by 2 million barrels per day amid looming demand concerns and the ongoing friction between the West and Russia over the war in Ukraine… “It is OPEC that is going to be controlling the price.… Continue Reading…

Business

“Nvidia earnings fall short, Q3 forecast misses by $1 billion”

“…Here are the most important numbers from the report compared to what analysts were expecting. Revenue: $6.7 billion versus $6.7 billion expected Adj. EPS: $0.51 versus $0.53 expected Data Center: $3.8 billion versus $3.8 billion expected Gaming: $2.0 billion versus $2.0 billion expected Net… Continue Reading…

Precious Metals

“Higher Copper Prices Are Here to Stay, Could Reach $15,000 [Per Ton]”

“Due to this supply-demand gap, an increasing number of analysts have turned super bullish on copper in the short, medium, and long term. Bank of America, Citi, and Goldman Sachs are the latest ones to have bullish forecasts for copper… Continue Reading…