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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

“Oil on track for a more than 15% monthly rise as Ukraine worries persist”

“Oil futures traded mostly higher on Monday, on track to cap a sharp January rally that has lifted the U.S. benchmark by around 15% as traders continue to follow the threat of a Russian invasion of Ukraine…” https://www.marketwatch.com/story/oil-on-track-for-15-monthly-rise-as-ukraine-worries-persist-11643635978?siteid=yhoof2 I only… Continue Reading…

Economy, Personal Finance

“34% of shoppers consider a large purchase anything over $250…”

“When it comes to large purchases, Americans are showing they like to think ahead. Two out of three shoppers say they spend more time planning a large purchase than they do paying it off, according to a Wallethub survey. For 34%… 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…

Economy

“Retail sales dropped 1.9% in December as higher prices caused consumers to curb spending”

“…The advance monthly sales report to close out the year showed a decline of 1.9%, considerably worse than the Dow Jones estimate for just a 0.1% drop. Excluding autos, sales fell 2.3%, a number that also fell well short of… Continue Reading…

Economy

“Wholesale prices jump nearly 10% in 2021, another sign of growing inflation”

“… The producer price index, a measure of wholesale prices for goods and services, increased 0.2% in December, below the 0.4% estimate. For all of 2021, the 9.7% gain was the biggest on record in data going back to 2010.… Continue Reading…

Economy

“Inflation rises 7% over the past year, highest since 1982”

“…The consumer price index, a gauge that measures costs across dozens of items, increased 7%, according to the department’s Bureau of Labor Statistics. On a monthly basis, CPI increased 0.5%. Economists surveyed by Dow Jones had been expecting the measure to… Continue Reading…

Energy

“European Gas Prices Jump 20% as Russia Keeps Volumes Capped”

“Natural gas prices in Europe surged on Monday as reduced flows from Russia again caused uncertainties about Europe’s supply security in the winter months… Benchmark European gas for next month jumped as much as 20% to 84.50 euros a megawatt-hour,… Continue Reading…

Business

“Chip sales are set to grow nearly 10% in 2022 as risks rise, predicts new report”

“…Semiconductor sales are expected to grow by another 9% and cross $600 billion for the first time in 2022, the analysts predicted. That’s on top of the 26% growth to $553 billion in 2021, they added. A months-long semiconductor shortage… Continue Reading…

Stocks

“2 “Strong Buy” Dividend Stocks Yielding at Least 8%”

“…Ready Capital Corporation (RC)… Overall, the Strong Buy consensus rating here is unanimous, and based on 5 positive reviews set in recent weeks. RC shares are trading at $15.63 and their average price target of $17.80 suggests ~14% upside by the… Continue Reading…