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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

“Retail sales surge 3.8% in January, much more than expected amid inflation rise”

February 16, 2022

“…Retail sales for the month rose 3.8%, much better than the 2.1% Dow Jones estimate. The numbers are not adjusted for inflation; the 0.6% rise in the consumer price index for the month helped push a reversal from the 2.5% sales… Continue Reading…

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Economy

“Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982”

February 10, 2022

“…The consumer price index for January, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared with a year ago, the Labor Department reported Thursday. That compared with Dow Jones estimates of 7.2% for the closely watched… Continue Reading…

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Economy

“U.S. Trade Gap Swells to Record in 2021 on Surge in Imports”

February 8, 2022

“…The annual shortfall in goods and services increased for a second straight year, widening 26.9% to $859.1 billion, Commerce Department data showed Tuesday. The December gap grew to $80.7 billion from the prior month. That compares with the median estimate… Continue Reading…

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Stocks

“Nikola shares surge 18% after company delivers its first EV truck, says more to come”

December 27, 2021

“Nikola shares jumped 18% on Thursday after theelectric truck maker completed delivery of its first vehicle. The surge in the stock came a day after the company announced on Twitter that its first customer delivery is done, signaling more to come…” https://www.cnbc.com/2021/12/23/nikola-shares-surge-after-company-delivers-its-first-ev-truck-says-more-to-come.html This… Continue Reading…

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Economy

“U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years”

November 10, 2021

“The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. That compared with the 5.9% Dow Jones estimate. On… Continue Reading…

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Business

“BP posts $3.3 billion third-quarter profit, beating estimates as oil prices surge”

November 2, 2021

“Oil and gas giant BP beat third-quarter earnings expectations on Tuesday, fueled by surging energy prices. The British energy major posted an underlying replacement cost profit, a proxy for net profit, of $3.3 billion for the third quarter, above analyst estimates of… Continue Reading…

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Economy

“Job openings surge above 10 million for first time ever, Labor Department says”

August 9, 2021

“There were 10.1 million open jobs on the final day of June, the report said, up from 9.2 million in May. Economist polled by Dow Jones were expecting 9.1 million openings. The jump came as the quits rate increased while… Continue Reading…

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Business, Economy

“One corner of the auto market is hitting records as used car prices surge”

July 28, 2021

“A global chip shortage has put the squeeze on car production and driven the price of used cars higher. Used car and truck prices rose by more than 45% in June, according to the most recent read on inflation. That looks to have had a… Continue Reading…

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Stocks

“Intellia Stock Could Surge 35-45% After Positive Gene Editing Data, Says Analyst”

June 28, 2021

“On Saturday, the company released interim data from the Phase 1 trial of its collaboration with Regeneron on an experimental therapy for transthyretin amyloidosis (ATTR) – a protein misfolding disorder… While it is still early days, Issi calls the data… Continue Reading…

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