Tag Archives: households

China has been supplying LNG to Europe after Russia curbed supply to the region.Hoëgh LNG China told state-owned natural gas importers like Sinopec and CNOOC to halt LNG sales to Europe, per Bloomberg. The order to halt resales comes as Beijing looks to protect domestic gas supplies for the winter. China has been a crucial supplier of gas to Europe as the region faces a Russia-driven energy crisis. Beijing has reportedly told state-owned natural gas importers to halt resales of cargoes to… 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

The Federal Reserve reported financial well-being last year reached the highest levels since at least 2013, underscoring the impact of economic stimulus that also led, in part, to high inflation. About 78% of the roughly 11,000 households surveyed by the Fed reported either “doing okay” financially or “living comfortably,” the highest level seen since the Fed began the survey in 2013. The report noted that household strength was particularly high among parents, due in part to the 2021… Source link

Tech and internet stocks came up for air on Monday afternoon amid a recent sell-off in high growth stocks. The declines came amid a rising 10-year treasury yield (^TNX).  Microsoft (MSFT) ended the session flat after being down earlier this morning. The stock is down more than 6% over the last five session.  Amazon ended .66% lower, recuperating much of the earlier morning losses. The stock had declined more than 3% on Monday, reaching intraday levels it hasn’t seen since May. Alphabet ( Source link

The majority of U.S. households paid no federal income taxes in 2020, a spike driven by the pandemic-induced economic downturn and multiple rounds of tax-based assistance. The trend is likely to continue in 2021. Nearly 107 million households — or 61% of U.S. households — owed no federal income taxes in 2020, according to estimates by The Tax Policy Center, marking a 40% increase from 2019 when 43.6% of households didn’t pay taxes. “Even though those numbers are very dramatic, they are… Source link

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link