Tesla hikes car prices in the U.S., China after CEO Elon Musk warns of inflation pressure Via CNBC.com: Tesla has hiked the prices of its electric vehicles in the U.S. and China after CEO Elon Musk warned of inflation pressure on the business. The company raised the prices of all its models in the U.S. In China, a version of the Model 3 and the Model Y saw price hikes. […]
Record fuel prices impacting trucking industry expected to compound inflation Via Just The News: It’s not just high gas prices that will increase the cost of trucking goods for consumers. Emission standards proposed by the U.S. EPA are also expected to increase costs. Illinois has the 7th highest gas prices in the nation, according to AAA. Don Schaefer with the Mid-West Truckers Association said the price increase throughout the region […]
Treasury yields rise as inflation fears persist Via CNBC.com: U.S. Treasury yields rose on Wednesday morning, despite growing investor concerns about how the Russia-Ukraine war could intensify price pressures. The yield on the benchmark 10-year Treasury note moved 2 basis points higher to1.8992% at 4:50 a.m. ET. The yield on the 30-year Treasury bondadded 1 basis point to 2.2622%. Yields move inversely to prices and 1 basis point is equal […]
Analysts say alternative supplies wouldn’t be able to fully replace Russian oil Via CNBC.com: While there are alternatives to Russian oil, they would be insufficient or difficult logistically if the U.S. and its allies were to ban Russian energy imports, analysts said Tuesday. “There’s just no way even OPEC+ and even combined Iran and Venezuela could make up for it,” Vandana Hari, founder of energy intelligence firm Vanda Insights, told […]
U.S. crude oil briefly tops $130 a barrel, a 13-year high on possible Western ban of Russian oil Via CNBC.com: Oil prices continued to surge in Monday morning trade as the market reacted to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas. West Texas Intermediate crude futures, the U.S. oil benchmark, spiked nearly 9% higher to $126.05 […]
‘Economic destruction’ may lie ahead as oil prices push higher, analyst says Via CNBC.com: Oil prices are spiraling higher on supply concerns as the Russia-Ukraine crisis develops, and this could lead to demand destruction and an economic recession, according to an oil analyst. “I’m concerned that we don’t have enough oil at all here, and we need to go to $120 to $150 [per barrel], and then we get into […]
Oil prices jump more than $6 per barrel as Russia’s war on Ukraine sparks supply fears Via CNBC.com: U.S. oil climbed to the highest level in more than a decade in Wednesday trade, with global benchmark Brent topping $111 per barrel as crude’s blistering rally continues. The advance comes as OPEC and its oil-producing allies, which includes Russia, prepare to meet Wednesday to discuss April’s output. West Texas Intermediate […]
U.S. homeownership rate sees highest annual surge ever recorded Via Just The News: The rate of homeownership in the United States saw its highest surge ever recorded in 2020, with homebuying rates jumping significantly even as the country continues to see record-low stock in most states. The homeownership rate "climbed to 65.5% in 2020, up 1.3% from 2019 and the largest annual increase on record," the National Association of Realtors […]
Gold jumps to highest level in more than a year as Russia invades Ukraine Via CNBC.com: Spot gold jumped as much as 2% higher on Thursday as Russian forces attacked Ukraine on the orders of President Vladimir Putin. At 10:30 a.m. in London, gold was trading at $1,968.01 per ounce, up 3.17% on the previous day and the highest since late 2020, as investors piled into safe haven assets and […]
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