Gasoline prices fell again on Aug. 19 with the national average declining to $3.89 a gallon as crude oil prices inched slightly higher to $91.56 a barrel. The most common price is $3.49 a gallon, Pat...
Tag: Inflation
Chef Kwame Onwuachi’s New York City Homecoming, The Capital Of Tea, And Will Inflation Cause A Recession?
Kwame Onwuachi has the news leading my week: The Bronx-born chef is making a big return to his hometown, with a restaurant set to debut inside the revamp of David Geffen Hall at Lincoln Center this fa...
Gina Sanchez reveals a stock that’s good for both inflation and recession
Kimberly Clark Corp (NYSE: KMB) has recovered more than 12% from its low in mid-June but Gina Sanchez (Chief Market Strategist at Lido Advisors) says the stock has potential for more. Kimberly Clark h...
What this week’s retail earnings tell us about Costco, Amazon and Apple
Target (TGT) missed on earnings. Lowe’s (LOW) provided mixed results. Home Depot (HD) fared better. Walmart (WMT) beat estimates but warned its customers were focusing more on lower prices. Resu...
Inflation peaking? 10 common consumer items where prices are falling
A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images July’s consumer price index report finally showed a sign of potential relief...
Gold’s value fell amid war, record inflation and potential recession – is Bitcoin a better hedge?
Gold has long been considered the ideal hedge against inflation for a long time. The precious metal has stood the test of economic meltdown, rising against the crashing value of the dollar, or so we t...
Bitcoin price heads above $23.5K after highest EU inflation in history
Bitcoin (BTC) shifted higher on Aug. 18 as the latest data confirmed the European Union’s highest ever inflation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Support and resistance clo...
Why the Bear Market Hasn’t Yet Bottomed: Bank of America
After the S&P 500 slid 23% from the start of the year through June 16, the index has rebounded 17%. This has many investors saying that the bear market is over and that the rally is here to stay. ...
Inflation in Eurozone Surges To 25-Year High of 8.9% in July
Bitcoin News On July 21st, the European Central Bank (ECB) stated that it will raise interest rates. The Bank of England has already raised interest rates six times in a row. Inflation in the Eurozone...
How to buy an ESG fund now that Inflation Reduction Act is law
Simonskafar | E+ | Getty Images ESG funds have become more popular Steve Cicero | Photographer’s Choice | Getty Images Funds that allocate investor money according to ESG issues held $357 billio...
Ford, Tesla And Netflix Are Among The Best-Performing Stocks During This Summer’s Massive Rally
Topline With the S&P 500 surging 17% since a low point in mid-June, big names like Ford, Tesla and Netflix have been among the top gainers, while several energy and consumer stocks have slumped de...
UK Inflation Reaches Highest Level in 40 Years at 10.1%
The Bank of England expects inflation in the UK to surpass the current historical highest to reach 13.3% in October. According to the Office for National Statistics (ONS), the consumer price index ha...
Central Bank Hawkishness Hasn’t Faded Yet Despite Lower Inflation
Fed Chairman Jerome Powell. More interest rate hikes to curb inflation. As it is now, anyone who got … [+] a 5% raise last year has last it all, and then some. (Photo by Scott Olson/Getty Images...
People aren’t cutting back on tips even as inflation surges
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, talks to customers at an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | MediaNews G...
Why The Inflation Reduction Act’s SAF Tax Credit Won’t Be Enough To Stop Airline Emissions’ Rise
Air travel demand is increasing much more rapidly than the supply of sustainable aviation fuel. Getty Images By Robbie Bourke and David Kaplan Robbie is a partner with Oliver Wyman’s aviation practice...
Inflation Reduction Act promises tax credits for EVs — here’s how to claim them
Your new electric car may land you a $7,500 tax credit now that the Inflation Reduction Act — designed to fight climate change and inflation — has been signed into law by President Biden. But the new ...
How Should It Affect Your Investment Portfolio?
A picture representing the recent inflation in U.S. currency. Getty Images Inflation is wreaking havoc on budgets across the nation. With the Consumer Price Index (a key indicator of inflation) hittin...
Canada’s Inflation Drops, Fundraising Rounds Continue With Gearbox, Fitment Club and Musaraki – crypto.news
Inflation rates in Canada dropped in June after a continuous increase in the past 12-month period. In the fundraising world, several projects, including Gearbox, Fitment Club, and Musaraki, completed ...
UK hits double-digit inflation for the first time in 40 years
The inflation rate in the United Kingdom reached 10.1%, according to the Office for National Statistics (ONS). The Consumer Prices Index (CPI) rose by 10.1% in the 12 months to July 2022. It’s a...
Fundraising Rounds of EtherMail, Datawisp, RISC Zero, and Stride Zone; Inflation Troubles Continues – crypto.news
Several projects have reported successful fundraising rounds recently, including EtherMail, Datawisp, RISC Zero, and Stride Zone. Inflation continues to trouble many countries. EtherMail Raises $3 Mi...
Most Voters Don’t Believe Democrats’ Inflation Reduction Act Will Actually Alleviate Inflation, Poll Suggests
Topline Most voters don’t think the Inflation Reduction Act, signed into law by President Joe Biden Tuesday, will actually help address inflation, a new poll from Morning Consult suggests, finding som...
Fed Minutes Lean on Inflation, Jobs Data For Rate Hike Direction
Updated at 4:20 pm EST The Federal Reserve is likely to use incoming data, as opposed to a preferred policy path, to determine the size of future rate hikes, minutes from the central bank’s July...
Fed minutes July 2022:
Federal Reserve officials at their July meeting indicated they likely would not consider pulling back on interest rate hikes until inflation came down substantially, according to minutes from the sess...
Fed Officials Pledge More Big Rate Hikes Until There Is A ‘Meaningful’ Decline In Inflation
Topline The Federal Reserve reaffirmed that it is unlikely to take its foot off the pedal as it continues to raise interest rates until inflation eases in a meaningful way, with officials indicating t...
UK: new record for inflation
Annual inflation in the UK hit a new record in July. UK: inflation at historic high It turned out to be even higher than 10%, which is a level that has not been seen for more than 40 years. The surg...
How To Get Started Investing With Your Stimulus Check
Getty Images Key takeaways More than 15 states are issuing new stimulus checks and/or tax rebates to help offset soaring inflation Meanwhile, unemployment rates returned to pre-pandemic lows in July D...
Green Hydrogen Made From Renewables Is A Step Closer Because Of The Inflation Reduction Act
High voltage electricity transmission towers beyond hydrogen storage tanks during the final stages … [+] of construction at Iberdola SA’s Puertollano green hydrogen plant in Puertollano, S...
U.K. Inflation Hits 40-Year High Of 10% As It Bucks G7 Trend—And It’s Expected To Get Worse
Topline Consumer price inflation in the U.K. soared past 10% in July—the highest it has been in 40 years—the U.K.’s statistics office reported on Wednesday, a figure the nation’s central bank expects ...
Is Bitcoin really a hedge against inflation?
While Bitcoin (BTC) has failed in countering this year’s rampant global inflation, it should still be considered as an inflation hedge, says Steven Lubka, the managing director of private consum...
Clean energy stocks are the winners of the Inflation Reduction Act
Clean energy related stocks have been the clear winners of the Inflation Reduction Act (IRA). Solar panel makers, fuel cell manufacturers and energy storage companies all stand to benefit from the mea...
20 bank stocks expected to benefit the most from rising interest rates as the Federal Reserve fights inflation
When companies report financial results, analysts tend to make comparisons to the year-earlier quarter. But there are times when sequential improvements can be telling. This is one of those times for ...