European leaders should put a cap on soaring gas prices, Bank of America’s head of commodities research said Thursday on Bloomberg. Francisco Blanch said European industrial firms are can’t operate effectively with gas-linked electricity costing 1,000 euros per megawatt hour. The European Commission is reportedly looking at ways to cap energy prices. Loading Something is… Continue reading Europe needs to cap natural gas prices as industries can’t handle the jump in electricity costs to 1,000 euros, says BofA’s head of commodities
Cathie Wood’s flagship ARK fund suffers biggest monthly outflow in nearly a year as performance continues to suffer
Cracks are starting to form in the resiliency of Ark Invest’s retail-driven shareholder base.Cathie Wood’s flagship fund has suffered its largest monthly withdrawal in nearly a year at $820 million.Ark Invest’s main ETF has seen lackluster performance since its February 2021 peak, falling 75%. Loading Something is loading. Cracks are beginning to form in the… Continue reading Cathie Wood’s flagship ARK fund suffers biggest monthly outflow in nearly a year as performance continues to suffer
British pound could near parity with the US dollar next year as energy crisis sends economy into recession, analyst says
The British pound sterling is in danger of sliding further against the dollar, according to Capital Economics. Chief UK economist Paul Dales wrote Wednesday that the energy crisis in Europe will push the UK into a recession. The pound-dollar rate could fall to a record low of around $1.05 by mid-2023, he warned, down from… Continue reading British pound could near parity with the US dollar next year as energy crisis sends economy into recession, analyst says
The Best Automatic Coffee Machines
In the past, shopping for coffee equipment was as easy as choosing one of the five coffee maker options you wanted to take home. Now, with the growing popularity of home coffee bars, a greater variety of coffee brewing machines are available at a more accessible price point. There are an overwhelming amount of options… Continue reading The Best Automatic Coffee Machines
‘Shrinkflation’ Worries Many Consumers, Prompts Action
Many grocery stores are shrinking the size of their packages while keeping prices the same or even raising them, a phenomenon known as “shrinkflation.” Consumers aren’t happy with the development. And while some are just accepting it, others are not and are combating it. More than half (54%) of U.S. adults have seen, read or… Continue reading ‘Shrinkflation’ Worries Many Consumers, Prompts Action
3 Bond Funds to Build on a Summer Rally | Kiplinger
bonds The market expects consistently lower inflation to arrive sooner rather than later. That’s great news for these three bond funds.In the past 60 days, the consumer price index topped 9% before settling back a bit, the Federal Reserve raised short-term interest rates three-fourths of a percentage point with promises of further hikes, apartment rents… Continue reading 3 Bond Funds to Build on a Summer Rally | Kiplinger
5 Big Tech Stocks That Are Bargains Now | Kiplinger
tech stocks Few corners of Wall Street have been spared from this year’s selloff, creating a buying opportunity in some of the most sought-after tech stocks.It has been a rough year for the stock market but even more so for mega-cap tech stocks. From the start of 2022 through early August, the four largest technology… Continue reading 5 Big Tech Stocks That Are Bargains Now | Kiplinger
Stock Market Today: Stocks Extend Losing Streak as Fed Fears Persist | Kiplinger
Stock Market Today Lingering concerns over the Fed’s rate-hike timeline dragged the major indexes lower for a fourth straight day.Stocks once again erased early gains to end lower for a fourth straight session as investors continued to fret about an extended rate-hike campaign from the Federal Reserve. Wednesday’s decline came after Cleveland Fed President Loretta… Continue reading Stock Market Today: Stocks Extend Losing Streak as Fed Fears Persist | Kiplinger
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