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Business, Stocks

“Kellogg shares jump on plans to separate into three companies”

“Kellogg announced Tuesday that it plans to separate into three independent public companies, sectioning off its iconic brands into distinct snacking, cereal and plant-based businesses. Shares of the company rose 6.5% in premarket trading on the announcement… Combined, Kellogg’s plant-based division… Continue Reading…

Energy

“Gas prices jump to fresh record highs”

“The national average price for regular gasoline climbed more than four cents on Tuesday to $4.37 a gallon, according to AAA. That takes out the prior record of $4.33 set on March 11.The gas spike — prices are up 17 cents… Continue Reading…

Business, Stocks

“Twitter shares jump 3% on reports it could accept Elon Musk’s bid as early as Monday”

“Twitter shares jumped more than 3% on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Musk earlier this month offered to buy Twitter for $54.20 a share, or about $43 billion. The social media… Continue Reading…

Economy

“Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says”

“World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said on Friday…FAO said its vegetable oils index rose 8.5% month-on-month… Continue Reading…

Precious Metals

“Will Silver Jump $10 In The Coming Days? Weeks?”

“EDITOR’S NOTE: A jump of $10 in as little as 10-day’s time might seem a bit exaggerated, but that’s what The Morgan Report is forecasting for silver. The price of $24.40/oz is the key level analysts are focusing on. Silver… Continue Reading…

Real Estate

“January home sales jump 6.7% despite a record low supply”

“Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. That exceeded Wall Street expectations significantly. Sales were 2.3% lower compared with… Continue Reading…

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…

Economy

“Superyacht Sales Jumped 77% Last Year as Inventories Shrank”

“Superyacht sales climbed to record levels last year, sapping supply and boosting prices to heights unlikely to soften despite the tumultuous start to 2022 in financial markets. A total of 887 superyachts were sold in 2021, a 77% jump from… Continue Reading…

Economy

“Jobless claims jump to 286,000, the highest level since October”

“Jobless claims took an unexpected turn higher last week in a potential sign that the wintertime omicron surge was hitting the employment picture. Initial filings for the week ended Jan. 15 totaled 286,000, well above the Dow Jones estimate of 225,000 and… Continue Reading…

Cryptocurrencies

“Dogecoin jumps 9% after Elon Musk says it can be used to buy Tesla merchandise”

“The price of dogecoin jumped more than 15% on Friday before paring gains after Tesla began accepting the cryptocurrency as payment for some merchandise. Early Friday, Tesla CEO Elon Musk said on Twitter that the electric carmaker’s merchandise can be purchased with dogecoin… Dogecoin… Continue Reading…