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Economy

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

December 8, 2023

“…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…

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Real Estate

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

November 29, 2023

“…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…

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Economy

“US Gasoline Prices Fall for 60 Straight Days…”

November 28, 2023

“…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…

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Economy

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

November 15, 2023

“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…

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Energy

“Why terror attacks on Israel mean surging energy prices”

October 10, 2023

“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…

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Economy

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

August 17, 2023

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…

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Precious Metals

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

August 11, 2023

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

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Real Estate

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

August 8, 2023

“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…

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Business, Energy

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

August 7, 2023

“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…

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Economy

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

July 20, 2023

“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…

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