Tag Archives: High

(Bloomberg) — US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. Most Read from Bloomberg The consumer price index increased 8.6% from a year earlier in a broad-based advance, Labor Department data showed Friday. The widely followed inflation gauge rose 1% from… Source link

U.S. consumer prices accelerated in May to the highest since 1981, as Americans grapple with a surge in the cost of gas, food, and shelter, data showed Friday. The Bureau of Labor Statistics’ May Consumer Price Index (CPI) showed a year-over-year increase of 8.6% last month, up from 8.3% in April. Economists were expecting an 8.3% increase in May, according to estimates compiled by Bloomberg. On a monthly basis, the broadest measure of inflation climbed 1.0%, compared to 0.3% in April. “Core”… Source link

Jim Cramer says oil is the ‘only dip that can be bought right now’ — here are 3 blue-chip energy stocks that also provide healthy yields as high as 7.8% With the market down double-digits in 2022, a lot of stocks seem to be on sale. But not all of the beaten-down names are worth buying at the moment, according to CNBC’s Jim Cramer. “I want to be kind to this market and tell you it’s the same old buy the dips game plan. But in reality, the only dip that can be bought right now, at… Source link

Another week, another record high for gas prices. And there seems to be no immediate relief in sight. The average price for regular unleaded gas surged by a quarter in the past week to a record $4.86 on Monday, AAA said. That’s up 59 cents more than a month ago, and $1.81 more than a year ago. “After a blistering week of gas prices jumping in nearly every town, city, state and area possible, more bad news is on the horizon,” said Patrick De Haan, head of petroleum analysis at GasBuddy…. Source link

Greg Norman, the public face of the breakaway LIV Golf series, says the executives and agents who currently run golf “are conspiring against LIV to protect an antiquated system that prevents golfers from realizing their own power and worth amid a global movement of athlete empowerment.” In a story by the Washington Post titled, “The Shark is on the attack again,” Norman also criticized Rory McIlroy and others, suggesting they’ve been “brainwashed” against the LIV movement…. Source link

Yandex (NASDAQ:YNDX – Get Rating) saw some unusual options trading on Wednesday. Investors purchased 1,814 put options on the stock. This is an increase of 1,437% compared to the average volume of 118 put options. Institutional investors have recently bought and sold shares of the stock. UMB Bank N A MO acquired a new stake in Yandex during the fourth quarter worth about $48,000. National Bank of Canada FI acquired a new stake in Yandex during the fourth… Source link

A map shows which cities have Google Fiber. Two Vermont communities are hoping to be the next locations on the map. Screenshot from fiber.google.com Two groups of communities in northwest Vermont are close to reaching an agreement with Google Fiber to bring lightning-fast service to some of the state’s most underserved areas. “I live in one of those communities, so I totally understand the frustrations over many years of only having poor or no connectivity,” said Sean Kio of… Source link

Martin County – Thursday May 26, 2022: Sophie Araque-Liu, a junior at Martin County High School, has been named Florida’s winner in the 14th annual Doodle for Google competition. Doodle for Google is an annual contest where K-12 students create their own versions of the Google logo. Araque-Liu is one of the 54 state and territorial nominees announced by Google Thursday in its 14th annual Doodle for Google competition. This year the theme for the… Source link

SAN FRANCISCO — The Golden State Warriors weren’t about to go out without a fight. After the Dallas Mavericks took a 19-point lead in the first half fueled by a resurgence from Luka Doncic, the Warriors methodically marched back. Golden State took its first lead of the game with 11:42 to go and hung on for a 126-117 win in Game 2 of the Western Conference finals on Friday night at Chase Center. The Warriors have a 2-0 series lead as the series shifts to Dallas for Games 3 and 4. Golden… Source link

Top economists and money managers worldwide are warning that rising consumer prices and falling economic growth are combining to form a deadly recipe for the global economy—stagflation. Some 77% of investment fund managers say they see “below-trend growth and above-trend inflation,” a.k.a stagflation, as the most likely outcome for the global economy over the next year, according to a May survey from Bank of America Global Research. That’s the highest percentage seen since August… Source link