Blog

Retail sales likely dipped in July as consumers held off on purchases Via CNBC.com: Retail sales were expected to have fallen off in July, as consumers reacted to the delta variant of Covid and held off on online and vehicle purchases. Economists expect retail sales fell by 0.3% in July, compared to a 0.6% gain in June, according to Dow Jones consensus forecast. Excluding autos, sales were expected to have […]

Treasury yields fall following mixed economic data Via CNBC.com: U.S. Treasury yields fell on Friday morning, following mixed economic data in the previous session. The yield on the benchmark 10-year Treasury note fell 2 basis points to 1.341% at 2:50 a.m. ET. The yield on the 30-year Treasury bond gave up 3 basis points, falling to 1.991%. Yields move inversely to prices. One basis point is 0.01%. Data from the […]

Gold prices dropped this week and analysts predict they will keep falling  Via CNBC.com: Gold prices recovered slightly from a sharp fall earlier this week, but analysts are still pessimistic on the outlook for the precious metal going forward. On Sunday evening, gold prices dropped to a four month low of $1,677.9 per ounce. The metal was hovering around $1,740 per ounce Thursday morning trade in Asia, still off its highs […]

Gas prices hit 7-year high Under The Current "Recovery" Via Just The News: After experiencing low fuel costs last year in most parts of the country, gas prices have now hit a new seven-year high nationwide. The national average for a gallon of regular gasoline for the week of Aug. 2 was $3.159, according to the U.S. Energy Information Administration’s (EIA) weekly retail gasoline and diesel prices report. According to […]