Russian oil production is rebounding and will continue to increase as shunned supplies may find indirect route to Europe, Kremlin says

Russia’s oil production is showing signs of life after a steep downturn in April. The Kremlin said output rebounded by as much as 300,000 barrels per day in May. “We expect further recovery in June,” said Alexander Novak, Russia’s deputy prime minister. Loading Something is loading. Russia’s oil production is showing signs of recovery despite… Continue reading Russian oil production is rebounding and will continue to increase as shunned supplies may find indirect route to Europe, Kremlin says

Jeremy Grantham warns stocks will plummet, predicts a near-term recession, and sounds the alarm on a superbubble in a new interview. Here are the 9 best quotes.

Jeremy Grantham predicts US stocks will plunge and the economy will tumble into recession. The GMO cofounder warns the surge in a wide range of assets could be dangerous. Grantham anticipates stubborn inflation, and expects the Fed to struggle to curb price increases. Loading Something is loading. Jeremy Grantham warned US stocks could decline as… Continue reading Jeremy Grantham warns stocks will plummet, predicts a near-term recession, and sounds the alarm on a superbubble in a new interview. Here are the 9 best quotes.

Housing Nightmare Continues, as Rent Soars and Home Prices Rise

Those of you renting your living space have likely experienced major increases in your monthly payments.  That rent inflation will almost surely continue. In April, the median U.S. rent hit a record high for the 14th month in a row of $1,827, according to Realtor.com, a residential real estate information service. “If recent trends continue,… Continue reading Housing Nightmare Continues, as Rent Soars and Home Prices Rise

‘Market is trying to find a bottom’: Stock market selloff deepens as Nasdaq drops 3%

Worst one-day loss for the S&P 500 and Dow since June 2020 Author of the article: Reuters Noel Randewich and Amruta Khandekar Publishing date: May 18, 2022  •  2 hours ago  •  3 minute read  •  5 Comments A trader works on the trading floor at the New York Stock Exchange. Photo by Andrew Kelly/Reuters Wall… Continue reading ‘Market is trying to find a bottom’: Stock market selloff deepens as Nasdaq drops 3%

Five strategies to help you cope with a growling bear market

Peter Hodson: What you do, or don’t do, during a downturn can have a huge impact on your investment performance A trader works on the trading floor at the New York Stock Exchange. Photo by REUTERS/Andrew Kelly files In case you haven’t noticed, we are in a bear market. The official definition of such is… Continue reading Five strategies to help you cope with a growling bear market

Stock Market Today: Dow Sinks 1,164 Points in Worst Day Since June 2020 | Kiplinger

Stock Market Today The S&P 500 and Nasdaq each lost over 4% in a broad-market selloff.Retail earnings week took a big turn for the worse Wednesday. A day after Walmart (WMT, -6.8%) sounded the alarm with a mixed quarterly report that suggested inflation was taking a toll on American consumers, Target (TGT, -24.9%) confirmed those… Continue reading Stock Market Today: Dow Sinks 1,164 Points in Worst Day Since June 2020 | Kiplinger

Gas prices are headed to $6 a gallon in the US as the summer driving season kicks off, JPMorgan says

Gasoline prices are set to hit $6 a gallon on average in the US, says JPMorgan.  Strong demand for fuel during the summertime driving season should propel prices at the pump.  Residents in only three states are paying less than $4 a gallon, says AAA. Loading Something is loading. Californians are shelling out $6 a… Continue reading Gas prices are headed to $6 a gallon in the US as the summer driving season kicks off, JPMorgan says