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Economy, Energy

“Oil Market Keeps Getting Stronger as Prices Power Up to $93”

“The market’s structure is trading at its strongest level in years, indicating scarce supply. Diesel — the fuel that helps power the global economy — is also surging as a cold snap hits the U.S and demand soars. Inventories at… Continue Reading…

Business, Economy

“Toyota remains world’s biggest car seller, widens lead on Volkswagen”

“Japan’s Toyota Motor said on Friday its vehicle sales rose by 10.1% last year, making it the world’s biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany’s Volkswagen. The carmaker said sales were 10.5… Continue Reading…

Economy

“GDP grew at a 6.9% pace to close out 2021, stronger than expected…”

“The U.S. economy grew at a much better than expected pace to end 2021 from sizeable boosts in inventories and consumer spending and despite signs that though the acceleration likely tailed off towards the end of the year. Gross domestic… Continue Reading…

Stocks

FARMMI Stock is rallying. I hope you listened.

Remember this? ATTENTION PENNY STOCK WATCHERS: FARMMI ON THE MOVE. Well the stock just jumped. From the time I posted it was 24 cent. Now it peaked at 27 cents so far. I’m not trying to brag here but I’m… Continue Reading…

Economy

“Food, gas prices pinch families as inflation surges globally”

“From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide. Rising inflation is leading to price… Continue Reading…

Economy, Real Estate

“US home sales rose again in October”

“…Existing-home sales, which include completed transactions that include single-family homes, townhomes, condominiums and co-ops were up 0.8% from September to a seasonally adjusted annual rate of 6.34 million in October. Home sales were down 5.8% from a year ago, which… Continue Reading…

Banking, Economy

“Wall Street bankers and traders are in line for the biggest bonus increases since 2009”

“ Wall Street is set to see the biggest bonus increases since the Great Recession after a busy and profitable 2021, according to a report from pay consultancy Johnson Associates. Overall bonuses for investment banking underwriters are forecast to jump… Continue Reading…

Economy

“Here’s why groceries keep getting more expensive”

“…Food manufacturers and grocers have faced higher costs for commodities, labor, transportation and other expenses during the pandemic. Those costs have escalated in recent months, leading manufacturers to pass off some of these costs to their retail customers, who in… Continue Reading…

Economy

“U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years”

“The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. That compared with the 5.9% Dow Jones estimate. On… Continue Reading…

Economy

“Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago”

“The producer price index rose 0.7% for the month, above the 0.6% Dow Jones estimate, though below the 1% increase in July. On a year-over-year basis, the gauge rose 8.3%, which is the biggest annual increase since records have been… Continue Reading…