European electricity prices soared to fresh record highs on Friday amid the region’s energy crisis. French year-ahead prices surged 25% to 1,130 euros per megawatt-hour, and German prices jumped 33% to 995 euros per megawatt hour. EU leaders may hold an emergency meeting to discuss the energy crisis. Loading Something is loading. Electricity prices hit… Continue reading The price of electricity just hit an all-time record in France as Europe faces an emergency over soaring energy costs
Investors see a lower probability of a 75-basis-point rate hike in September after Fed Chair’s Powell speech at Jackson Hole
Investors on Friday were pricing in a more dovish outlook for the Fed’s September rate hike. The CME FedWatch tool showed a 45.5% probability of a 50-basis-point hike after Powell’s Jackson Hole speech, up from 36% a day earlier. At the same time, the probability of a rate increase of 75 basis points slipped to… Continue reading Investors see a lower probability of a 75-basis-point rate hike in September after Fed Chair’s Powell speech at Jackson Hole
Russia’s gas storage is 90% full for the winter – while Europe is still scrambling to secure its supply before the cold weather bites
Russian gas storage is 91.4% full, according to state-energy giant Gazprom. Russian domestic supply is a stark contrast to the shortfall of energy supplies in Europe. The Netherlands is seeking exemption from EU sanctions as it struggles to replace Russian gas. Loading Something is loading. Russia’s Gazprom said domestic gas storage is nearly full, a… Continue reading Russia’s gas storage is 90% full for the winter – while Europe is still scrambling to secure its supply before the cold weather bites
Samsung Galaxy Z Flip 4 Review: Flippin’ Great
Samsung (SSNLF) wants foldables to be for everyone, and while I thought the Galaxy Z Flip 3 ended the compromise of getting a foldable, this year’s Galaxy Z Flip 4 improves where it counts. The key appeal? Well, it’s a modern-day flip phone. You get a full-sized 6.2-inch display that matches up with iPhones and… Continue reading Samsung Galaxy Z Flip 4 Review: Flippin’ Great
Seven of 10 Recent U.S. Homebuyers Have Regrets – Here’s Why
U.S. homebuyers spent two years giving up leverage, overpaying for houses, and rushing through short cuts to land new properties. Now, many of those buyers have regrets. Who didn’t see this coming? The data come from a report from Clever Real Estate, which says that while the American dream of owning a home still resonates,… Continue reading Seven of 10 Recent U.S. Homebuyers Have Regrets – Here’s Why
Apple’s Sept. 7 Event is Official, Here’s What to Expect
Apple has announced and sent invitations out for its next event. Mark your calendars for Sept. 7 at 10 a.m. Pacific. The event will be at the Steve Jobs Theater on Apple’s Campus in Cupertino, Calif. and will be streamed live. And since we’re experts on all things tech, Apple (AAPL) included, we’re breaking down the… Continue reading Apple’s Sept. 7 Event is Official, Here’s What to Expect
Stock Market Today: Stocks Push Higher Ahead of Powell’s Jackson Hole Speech | Kiplinger
Stock Market Today Today’s economic data showed a one-month low in weekly jobless claims and an upward revision to Q2 GDP.Stocks gained ground Thursday as investors sized up a pair of not-so-bad economic reports ahead of tomorrow’s appearance by Fed Chair Jerome Powell at the central bank’s annual symposium in Jackson Hole, Wyoming. This morning,… Continue reading Stock Market Today: Stocks Push Higher Ahead of Powell’s Jackson Hole Speech | Kiplinger
US stocks rise as investors await policy clues from Fed Chair Powell at Jackson Hole
US stocks closed higher Thursday, leaving the S&P 500 to land a second straight win. Investors took on some risk before Federal Reserve Chairman Jerome Powell speaks on Friday. The market is still facing the prospect of a US recession, said Truist Advisory’s Lerner. Loading Something is loading. US stocks rose Thursday as investors embraced… Continue reading US stocks rise as investors await policy clues from Fed Chair Powell at Jackson Hole
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