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Energy

“U.S. crude oil falls to six-month low as market sells off on recession fears”

“U.S. crude oil closed below $73 per barrel, the lowest settlement since Feb. 5…” https://www.cnbc.com/2024/08/05/crude-oil-prices-today.html

Economy

“1 in 4 Americans fear losing their job this year — what’s causing it?”

“…The new survey of 2,000 employed adults examined how workers see themselves in their current roles, finding that many believe they’ll receive a pink slip sooner rather than later. Their concerns stem from distress about the job market (25%) and knowing… Continue Reading…

Economy

“Taxes, Tariffs and Debt: Investors Start to Fear the Presidential Election”

“Financial adviser Matthew Wilson recently got a frantic email: A client wanted to dump their stockholdings as soon as possible.  The reason? Stocks had staged a big run-up in recent months, and the client was worried that the market was about to get rocky… Continue Reading…

Economy

“Fears Sadiq Khan will bring in pay-per-mile road taxes after spending £3m on project”

“Sadiq Khan spent £3 million of taxpayers’ money planning a pay-per-mile road charging system, amid fears he could bring the scheme in if he is re-elected. Transport officials were working on a driver charging project as recently as January, even though… Continue Reading…

Economy

“Wheat prices soar for a third day as Russia-Ukraine tensions stoke fears of major food crisis”

“Wheat prices rose on Thursday after Russia threatened to treat ships heading for Ukrainian ports as military cargo carriers, deepening fears of a global food security crisis. It marks the third consecutive day of price rises. The most actively traded… Continue Reading…

Economy

“The US government hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans. Here are the 3 harmful ways it could impact you”

“The U.S. officially hit its $31.4 trillion debt ceiling on Jan. 19 — launching a ticking time bomb toward a potentially “calamitous” debt default. Unable to break the political deadlock in Congress, the Treasury will now take “extraordinary measures” to… Continue Reading…

Economy

“Annuity [Insurance] sales hit record last year, eclipsing sales during 2008 financial crisis amid fear, higher rates”

“Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream. Buyers funneled $310.6 billion into annuities in 2022, according to estimates published… Continue Reading…

Economy

“The US government just hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans…”

“The U.S. officially hit its $31.4 trillion debt ceiling on Thursday – launching a ticking time bomb toward a potentially “calamitous” debt default. Unable to break the political deadlock in Congress, the Treasury will now take “extraordinary measures” to ensure… Continue Reading…

Stocks

“Dow climbs 20% from low as stocks rally and inflation fears ebb”

“US stocks surged on Wednesday, putting the blue-chip Dow Jones Industrial Average more than 20% above its September low after Federal Reserve Chair Jerome Powell’s dovish comments and signs of cooling US inflation raised hopes that the central bank will… Continue Reading…

Cryptocurrencies

“FTX investors fear their money is lost as crypto company collapses”

“Since 1990, the Ontario Teachers Pension Plan has managed hundreds of billions of dollars in assets for nearly 200,000 education workers, holding stakes in traditional investments from airports to shopping centers. The Canadian pension fund is just one of many… Continue Reading…