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Spot gas shortages could worsen if Colonial Pipeline doesn’t reopen by the weekend Via CNBC.com: If the Colonial Pipeline is not back in business by the weekend, prices could continue to rise at the pump and there will be broader localized fuel shortages across the southeast and mid-Atlantic regions. Gasoline stations that could not get enough fuel were already closed in some states, and prices jumped overnight, by as much […]

All eyes are on this inflation number to be released later this morning Via CNBC.com: Consumer inflation data for April is expected to show the biggest year-over-year gain in nearly a decade. The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected to be up 0.2% month-over-month, when the data is released Wednesday at 8:30 a.m. ET, according […]

"Gas Run Has Begun" - Fuel Stations Run Dry Amid Hacked Pipeline Via Zerohedge: Gas shortages are being reported in the Southeast of the US amid the recent cybersecurity attack that temporarily shut down one of the largest pipelines in the US. Colonial Pipeline Co. Chief Executive Officer Joseph Blount said the company was in the process of restoring its systems but wouldn't resume fuel shipments until the ransomware had been removed, according […]

Gasoline futures rise as much of vital pipeline remains shutdown following cyberattack Via CNBC.com: Futures for fuel prices rose on Monday, as much of one of the largest pipelines in the U.S. remains closed following a cybersecurity attack. Gasoline futures rose 1.4% to $2.156 per gallon, pulling back from their highest levels of the overnight session. Heating oil futures rose 0.8% to $2.03, also off the highest levels of the session. West Texas […]

China trade surges as global demand recovers from pandemic Via AP News: China’s trade with the United States and the rest of the world surged by double digits in April as consumer demand recovered, but growth appeared to be slowing. Global exports rose 32.3% over a year ago to $263.9 billion, in line with March but down from the explosive 60.6% rise in the first two months of 2021, customs […]

Treasury yields climb with key April jobs report in focus Via CNBC.com: U.S. Treasury yields climbed on Friday, as investor attention turns to April’s jobs report, due out later in the morning. The yield on the benchmark 10-year Treasury note advanced to 1.575% at 3:30 a.m. ET. The yield on the 30-year Treasury bond rose to 2.247%. Yields move inversely to prices. The Labor Department is due to publish April’s jobs report at 8:30 […]

Federal judge overturns national eviction ban Via CNBC.com: Federal Judge Dabney Friedrich struck down on Wednesday the national eviction moratorium, potentially leaving millions of Americans at risk of losing their homes two months earlier than expected. The Centers for Disease Control and Prevention has banned most evictions across the country since September. The protection was slated to expire at the end of January, but President Joe Biden has extended it, first until April, and […]