The OPEC+ oil alliance is planning a substantial production cut to support falling prices, according to people familiar with the talks, as the group prepares to meet in person for the first time since March 2020. The oil group, which is led by Saudi Arabia and Russia, is expected to discuss a production cut that …
OPEC+ plans substantial cut in oil production to support prices Read More »
U.S. Federal Reserve Chairman Jerome Powell at a Fed Listens event in Washington, DC, U.S., Friday, September 23, 2022. Al-Draco | Bloomberg | Getty Images As the Federal Reserve steps up its efforts to tame inflation, sending the dollar soaring and bonds and stocks plummeting, there are growing concerns that the central bank’s campaign could …
U.S. Federal Reserve Chairman Jerome Powell at a Fed Listens event in Washington, DC, U.S., Friday, September 23, 2022. Al-Draco | Bloomberg | Getty Images As the Federal Reserve steps up its efforts to tame inflation, sending the dollar soaring and bonds and stocks plummeting, there are growing concerns that the central bank’s campaign could …
The sudden shift to remote working amid COVID-19 has driven more than half of overall US house price growth during the pandemic — and as it becomes more integrated into our daily lives, it is likely that it will also continue to drive up house prices than inflation. That’s according to new research released Monday …
The Dow Jones Industrial Average became the latest of major U.S. stock indexes to fall into what is known as a bear market on Monday as the market deepened its slump amid growing fears of a global recession. The blue chip index fell 1.1%, while the S&P 500 closed down 1% and the Nasdaq fell …
Stocks fall on recession fears; Dow plunges into bear market Read More »
UK bond yields set to see record monthly rise Yields on UK government bonds are on course for the biggest monthly rise in Refinitiv and Bank of England data dating back to 1957, according to Reuters analysis. The yield on 10-year gilts has risen 131 basis points so far in September, with selling intensifying on …
European markets choppy; the pound falls against the dollar Read More »
Brent crude slides below $85 a barrel as dollar soars Brent crude fell below $85 a barrel on Monday as recession fears grew and the U.S. dollar surged. Brent futures for November settlement were trading down more than 1% around $84.92 at 8 a.m. London time. West Texas Intermediate futures also fell to trade around …
European markets choppy; the pound falls against the dollar Read More »
Warehouse clubs remain invaluable to customers, even though they charge membership fees to shop there. Costco (COST) walmart (WMT) Sam’s Club and BJ’s Wholesale (bj) all offer members a similar proposition – paying a membership fee and gaining access to a selection of items at low prices. There are compromises. The selection is small and …
In fact, Costco is raising its membership prices Read More »
Apple Watch Series 8 and Apple Watch Ultra are available to buy now, but if those updates aren’t your thing, you can save big bucks on Series 7 models right now at Amazon. Note: MacRumors is an affiliate partner of Amazon. When you click on a link and make a purchase, we may receive a …
But gold prices have not increased. In fact, they are down almost 20% from their recent peak in March. This puts gold on the cusp of a bear market. “Investors don’t have much appetite to hold gold in the current environment,” Warren Patterson, head of commodities strategy at ING, told me. Breakdown: Gold prices soared …
