CME Group is launching a new lumber futures contract that could ease price volatility and boost trading volume. Starting next month, the new contracts will offer one-quarter the amount of wood. That will allow trucks to make deliveries, instead of just railcars, opening up the potential for more trades. Loading Something is loading. Lumber prices… Continue reading Lumber prices are set for a shakeup with the rollout of new futures contracts – and a top broker says trading volume could soar 10 times
Putin’s army is guzzling gas and Russians are stuck vacationing at home — boosting the country’s oil production to a 5-month high
Russian oil production has hit its highest level since February as the army guzzles gas and people holiday at home, according to data company Kpler. The boom in domestic demand has seen exports to Asia tumble by 40% from their wartime peak, data shows. “Russians can barely fly anywhere, so basically they’re traveling all around… Continue reading Putin’s army is guzzling gas and Russians are stuck vacationing at home — boosting the country’s oil production to a 5-month high
Here are 5 reasons behind the stock market’s recent impressive rally – and why there’s more upside ahead, according to Fundstrat
The S&P 500 has surged nearly 10% from its June low, and Fundstrat’s Tom Lee thinks the rally will continue.Solid earnings results and signs of lower inflation are helping drive the gain in stock prices.Here are five reasons behind the stock market’s impressive rally, according to Fundstrat. Loading Something is loading. The stock market has… Continue reading Here are 5 reasons behind the stock market’s recent impressive rally – and why there’s more upside ahead, according to Fundstrat
Larry Summers: Raise Taxes on Wealthy Now
Many economists believe that taxes should be increased on the wealthy, both to help curb the budget deficit and to narrow the gaping inequality between rich and poor in this country. The top marginal tax rate is now 37% for taxable income above $539,000. While President Joe Biden would like to see a tax hike,… Continue reading Larry Summers: Raise Taxes on Wealthy Now
Psst…Apple AirPods Pro Still at Lowest Price After Prime Day
Grab what shoppers are calling the “Best AirPods yet” while they’re almost 30% off. Apple The Arena Media Brands, LLC and respective content providers may receive compensation for some links to products and services on this website. If you’ve been sitting on the fence, unsure of which generation of Apple Airpods are the best deal… Continue reading Psst…Apple AirPods Pro Still at Lowest Price After Prime Day
Five Tips for Taxpayers Who Requested an Extension to File Federal Taxes
1. Did you request an extension in time? If someone was late filing an extension, the extension probably isn’t valid, said Lisa Featherngill, the national director of wealth planning at Comerica Bank. “This isn’t a problem if they are due a refund,” she says. “However, if they owe tax, they can be assessed a late filing… Continue reading Five Tips for Taxpayers Who Requested an Extension to File Federal Taxes
Las Vegas Raiders and Golden Knights are Among Hottest Sports Tickets
Ask a sports fan about heading to the stadium for a big game and you’ll hear a lot about the fun of the tailgate, the smell of peanuts and sausages in the air, and the full-throated roar of the crowd. What you likely won’t hear about is how much it costs to get there, stay… Continue reading Las Vegas Raiders and Golden Knights are Among Hottest Sports Tickets
Bank of America says stock outflows are catching up to market despair
Investors have pulled cash from global equity-focused mutual funds for at least five weeks Author of the article: Bloomberg News Sagarika Jaisinghani A person walks past a Bank of America sign in the Manhattan borough of New York City. Photo by REUTERS/Carlo Allegri/File Photo Fund flows are starting to add evidence that investors are throwing… Continue reading Bank of America says stock outflows are catching up to market despair
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