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Economy, Energy

“Energy Prices Surge on Ukraine With Oil Closing In on $100”

February 22, 2022

“European natural gas led the gains with as much as 13% rise, helped higher by Germany halting the approval process of the controversial Nord Stream 2 pipeline. Brent oil closed in on $100 a barrel, and power and coal prices… Continue Reading…

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Economy, Energy

“Here comes $7 gas prices, warns oil strategist in dire outlook”

February 17, 2022

“Drivers best start bracing for another surge in gas prices amid the conflict between Russia and Ukraine and years of under-investment by the oil industry, warns one veteran energy strategist. “My guess is that you are going to see $5… Continue Reading…

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Economy

“Most small businesses since 1974 are hiking prices to offset red-hot inflation”

February 8, 2022

“…The National Federation of Independent Businesses, a Tennessee-based association of small business owners, found that the net percent of owners raising average selling prices rose to 61% in January, a four-point increase from the previous month and the highest reading… Continue Reading…

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Economy, Energy

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

February 4, 2022

“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…

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Economy

“‘Farms Are Failing’ as Fertilizer Prices Drive Up Cost of Food”

January 21, 2022

“From South America’s avocado, corn and coffee farms to Southeast Asia’s plantations of coconuts and oil palms, high fertilizer prices are weighing on farmers across the developing world, making it much costlier to cultivate and forcing many to cut back… Continue Reading…

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Stocks

“Stocks slide on inflation concerns as oil prices rise further”

January 20, 2022

“…Strong U.S. and European corporate results could not stop a slide on Wall Street, where the Nasdaq entered a correction, as rising crude prices kept inflation concerns alive even as bond yields eased a bit after earlier touching fresh multiyear… Continue Reading…

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Economy

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

January 14, 2022

“…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…

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Economy

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

January 13, 2022

“… 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…

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Business, Economy

“Domino’s Pizza forecasts soaring food costs in 2022, reiterates long-term sales outlook”

January 11, 2022

“Domino’s Pizza said it expects higher food prices to persist this year, putting pressure on the chain to cope with rising costs without alienating consumers. “We expect unprecedented increases in our food basket costs versus 2021,” CEO Ritch Allison told attendees… Continue Reading…

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Precious Metals

“Investors Could See Gold Prices Hitting Over $2,000 In 2022”

January 7, 2022

“EDITOR’S NOTE: Market sentiment and fundamentals are the only two factors that count when it comes to gold prices. The problem is that they’re often not in sync. Neils Christensen is wagering his bullishness on sentiment, based mostly on his… Continue Reading…

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