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Economy

“As food prices rise in June, analysts warn of a ‘tipping point’ for Americans”

“…Food prices rose 3% in June compared to a year ago, according to the latest data from the Bureau of Labor Statistics. After a year of price hikes, consumers continued to see food prices rise, but at a slower rate. Grocery… Continue Reading…

Economy

[Blame Game] “Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows”

“…The report from the IPPR and Common Wealth thinktanks found that business profits rose by 30% among UK-listed firms, driven by just 11% of firms that made super-profits based on their ability to push through stellar price increases – often dubbed… Continue Reading…

Real Estate

“U.S. home prices climb for seventh month in a row to a record high, Case-Shiller says”

“…Home prices in the 20 major U.S. metro markets were up 3.9% in the past 12 months ending in September. The August report saw a 2.5% rise in home prices year-over-year. A broader measure of home prices, the national index,… Continue Reading…

Economy

“US Gasoline Prices Fall for 60 Straight Days…”

“…A gallon of gasoline now costs $3.25 on average in the US, more than 60 cents below the year’s peak in mid-September and about 30 cents cheaper than this time last year, according to data from the American Automobile Association.… Continue Reading…

Economy

“Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020”

“Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed. The producer price index, which measures final-demand costs for businesses, declined 0.5% for the month, against… Continue Reading…

Energy

“Why terror attacks on Israel mean surging energy prices”

“Conflict in the Middle East has a history of pushing up oil prices. The Yom Kippur War between Israel and a coalition of Arab states in 1973 triggered an oil embargo that caused prices to nearly quadruple in a year.… Continue Reading…

Economy

“Deflation could soon hit the US as real estate and stock prices are at risk of crashing, economist says”

https://finance.yahoo.com/news/deflation-could-soon-hit-us-012106807.html I don’t care what the article says. I’ve already said deflation is more of a risk. Also I already said if the market crashes that would be prime time to buy stock. Save money for now and wait for… Continue Reading…

Precious Metals

“Gold prices to breach all-time highs? Some expect bullion to hit $2,500”

“… …” https://www.cnbc.com/2023/08/11/gold-prices-to-breach-all-time-highs-with-some-calling-for-2500.html

Real Estate

“Home prices hit record highs in nearly two-thirds of major markets”

“Home prices are ticking up again and reaching new highs in many markets across the country, according to a new report. Prices grew by 0.8 percent in June after slowing for more than a year, pushing prices to record levels in around… Continue Reading…

Business, Energy

“Oil giant Saudi Aramco posts 38% drop in second-quarter profit as lower prices bite”

“Saudi state oil giant Aramco reported 112.81 billion riyal ($30.07 billion) in net profit in the second quarter, a drop of nearly 40% from the same period of last year amid a decline in hydrocarbon prices. Second-quarter profit nevertheless came… Continue Reading…