To help you understand what is going on in the energy sector and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You’ll get all the latest news first by subscribing,… Continue reading U.S. Boosts Wind Power, Sets Oil Production Record: Kiplinger Economic Forecasts
Dow and S&P 500 finish 3rd straight winning week as more data shows inflation is cooling
Jennifer Sor Brendan McDermid/Reuters Stocks rose on Friday as investors cheered good news from the Fed’s preferred inflation gauge. The PCE price index rose 0.2% last month, in line with economists’ expectations. For the week, the Dow Jones Industrial Average added 0.6%, the S&P 500 gained 1%, and the Nasdaq rose 2%. Loading Something is… Continue reading Dow and S&P 500 finish 3rd straight winning week as more data shows inflation is cooling
The market for a particular vintage Barbie doll went haywire after Michael Cera’s cameo in the ‘Barbie’ movie
Auction prices for Mattel’s discontinued Allan doll spiked after the release of the new “Barbie” movie. Michael Cera plays the role of Allan in the new box-office hit, which raked in $155 million its opening weekend. The film is expected to pull in $400 million-$425 million domestically by the time it exits theaters. Loading Something… Continue reading The market for a particular vintage Barbie doll went haywire after Michael Cera’s cameo in the ‘Barbie’ movie
Gas prices in the US just spiked to their highest mark since November
US gas prices hit an eight-month high on Friday. Average retail gasoline spiked 12 cents in three days, hitting $3.732 per gallon. An outage at a key Gulf Coast refinery is threatening already-low supply. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go.… Continue reading Gas prices in the US just spiked to their highest mark since November
Billionaire Mark Mobius says he’s so bullish on emerging markets that all his money is outside the US
Billionaire investor Mark Mobius confirmed all of his money is outside the US. That’s because he’s so bullish on emerging markets, he told CNBC. Mobius said he is focusing his investments on Taiwan, South Korea, and India. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading Billionaire Mark Mobius says he’s so bullish on emerging markets that all his money is outside the US
How Russia’s war has reshaped Ukraine’s economy
Ukraine’s economy faces difficulties ranging from inflation to trade struggles due to war with Russia. Central bank data show that Ukraine is running a persistent trade deficit, with a widening gap between imports and exports. Ukrainian government spending continues to outpace revenue and income. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading How Russia’s war has reshaped Ukraine’s economy
Stock Market Today: Stocks Drop Despite Solid Meta Earnings
Stocks started the day higher, as market participants brushed off concerns that the Federal Reserve might not be done raising interest rates and instead focused on strong earnings from Facebook parent Meta Platforms (META). Investor sentiment also got a boost early on after a round of solid economic data eased recession worries. However, the optimism… Continue reading Stock Market Today: Stocks Drop Despite Solid Meta Earnings
These Energy ‘Middlemen’ Are an Income Lover’s Dream
Investing in the energy sector has been quite a roller coaster. Energy was the worst performing S&P 500 sector in 2018. And 2019. And 2020. But then it flipped. Energy was the top performing sector in both 2021 and 2022. But in 2023, it’s back to its old ways — competing for last place with… Continue reading These Energy ‘Middlemen’ Are an Income Lover’s Dream
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