US natural gas prices could spike as much as 60% this winter, a Truist analyst said. Domestic inventories of liquefied natural gas are low and US production capacity is near 90%. The crunch is exacerbated by the fact that the US has become the world’s top LNG exporter. Loading Something is loading. US natural gas… Continue reading US natural gas prices could spike 60% this winter as the global energy crisis drags on, Truist analyst says
Stocks are in the midst of a ‘classic’ bear-market rally and the lows haven’t been seen yet, says Bank of America
BofA says the S&P 500’s summer surge of 17.4% in 41 trading days is a ‘classic’ bear market rally The Fed still has to work to bring down inflation and that could mean another pullback for stocks. The bank found that just four large-cap stocks contributed 30% of the index’s recent gain. Loading Something is… Continue reading Stocks are in the midst of a ‘classic’ bear-market rally and the lows haven’t been seen yet, says Bank of America
Oil companies are using a Caribbean fuel trade to work around a century-old US shipping law as East Coast demand booms
Oil companies are finding ways around a century-old US shipping law to get supplies to the East Coast, according to Reuters. The Jones Act requires that goods traveling between US ports must be carried by American-made ships and staffed by a US crew. But traders are sending gasoline components to be blended in the Bahamas… Continue reading Oil companies are using a Caribbean fuel trade to work around a century-old US shipping law as East Coast demand booms
The Great Resignation … Wasn’t That Big
The Great Resignation isn’t all it was cracked up to be. Recall that the Great Resignation is the theory that masses of workers quit their jobs in the past couple years to switch to new ones, take a hiatus from working or retire. But just 29% of American workers have switched jobs in that period,… Continue reading The Great Resignation … Wasn’t That Big
If You Think Your Landlord’s Gouging You Now, Just Wait
If you are among the 34% of American households renting their residence, you have likely experienced soaring rents first-hand. Rental information service Zumper’s National Rent Index hit a record high in July. The median one-bedroom rent totaled $1,450 in the month, up 2% from June and 11.3% from a year earlier. The two-bedroom median rent… Continue reading If You Think Your Landlord’s Gouging You Now, Just Wait
You’re Paying Much More for Groceries in 2022. Here’s What to Do.
Here’s a phrase every consumer should understand: “purchasing power.” It represents the value of the cash a consumer uses to buy products and services. The term is linked closely with the U.S. consumer price index, which represents the actual cost of living at any given time. By and large, if your household income keeps pace with… Continue reading You’re Paying Much More for Groceries in 2022. Here’s What to Do.
How one university student made $110 million trading a meme stock
Twenty-year-old Jake Freeman amassed a big stake in Bed Bath & Beyond before the share price soared Author of the article: Financial Times Antoine Gara and Madison Darbyshire in New York Publishing date: Aug 18, 2022 • 12 hours ago • 3 minute read • 8 Comments A Bed Bath & Beyond Inc. Inc. store stands… Continue reading How one university student made $110 million trading a meme stock
Stock Market Today: Stocks Struggle for Direction After Mixed Data | Kiplinger
Stock Market Today Existing home sales fell for a sixth straight month in July, while the latest jobs data pointed to a stable labor market.Choppy is the best word to describe how stocks behaved Thursday, with the major indexes spending the session bouncing between positive and negative territory. In focus today was the release of… Continue reading Stock Market Today: Stocks Struggle for Direction After Mixed Data | Kiplinger
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