Tag Archives: Prices

(Bloomberg) — U.S. equities pared back a rebound Thursday after a selloff in the previous session due to fears high inflation could spur tighter monetary policy. Most Read from Bloomberg The S&P 500 gained less than 0.1% — led by gains in materials and technology — after falling 0.8% Wednesday in its worst slump in more than a month. Tesla Inc. fluctuated after filings showed Chief Executive Officer Elon Musk unloaded $5 billion of stock. Meanwhile, Walt Disney Co. slid and Beyond Meat Inc…. Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, November 11, 2021 Forget a ‘taper tantrum’ — ‘inflation indignation’ is here After Thursday’s bad news that consumer prices in October ran hotter — at over 6%, the hottest they’ve been since the first Bush administration, to be exact — than Wall Street expected, most of the emphasis has been on the reaction in stock markets,… Source link

Fontana, CA – October 22: The average price of a gallon of self-serve regular gasoline in Southern California rose today for the 11th consecutive day, spurring the largest week-to-week increase since March. (Irfan Khan / Los Angeles Times via Getty Images) Have you heard about the “commodities super cycle” we may be living in right now? It doesn’t sound as bad as a bomb cyclone, but it may end up slamming us just as hard. This super cycle, (or “Super Cycle” to some) has been the talk of Wall… Source link

A Chevron station in the 900 block of Alameda Street in downtown Los Angeles has gas prices just under $6 a gallon. The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Friday for the 11th consecutive day, the largest week-to-week increase since March. (Al Seib / Los Angeles Times) It’s not your imagination. California, like the rest of the nation, is paying more at the pump. Prices are so high — and consumers are so perplexed — that a Google search of… Source link

If you thought home prices couldn’t go any higher, hold on to your hat: Goldman Sachs (GS) economists are forecasting even more price increases in the year ahead. “Our model now projects that home prices will grow a further 16% by the end of 2022,” wrote a Goldman Sachs team of economists led by Jan Hatzius in a recent note. “Of all the shortages afflicting the U.S. economy, the housing shortage might last the longest,” he said.  Home prices are currently up 20% year-over-year. The boom in… Source link

Stocks rose Monday as investors mulled ongoing signs of inflation and supply-related challenges and awaited more data on corporate earnings.  The S&P 500, Dow and Nasdaq each pushed into positive territory to shake off overnight losses. Treasury yields gained across the curve, and the benchmark 10-year yield hovered around 1.61%, or its highest level since June.  U.S. West Texas intermediate crude oil futures extended gains after logging a seventh straight weekly advance, jumping by another… Source link

Donald J. Trump joined Yahoo Finance for a wide-ranging conversation covering topics such as the U.S. economy, COVID-19 vaccines, cryptocurrencies, and his thinking on a third run for the presidency in 2024. The full interview will be released on Monday. Former President Donald Trump told Yahoo Finance that inflation is one of the issues that will help him determine if he will run for the Republican presidential nomination in 2024. Soaring prices have become a fixture of the pandemic-era… Source link

Petrol prices have forced the government to resort to extreme measures. Photo: Getty Energy markets have stayed in focus as the most volatile factor in markets on Tuesday in London, as the price of oil per barrel headed above $80 for the first time in around three years.  Brent Crude (BZ=F) was 1% higher, to trade at $80.34 (£58.75) at the opening bell in London. Crude (CL=F) was also up around 1% to trade at $76.27.  The fuel supply crisis has forced the UK government to draft in the army… Source link

There are some bullish trades to put on in the oil patch to ride the new gusher in prices for black gold and natural gas, says Goldman Sachs analyst Neil Mehta.  Mehta reiterated Buy ratings and aggressive upside price targets on oil majors ConocoPhillips (COP) and ExxonMobil (XOM) Monday. The analyst sees ConocoPhillips delivering a 20% return for investors over the next 12 months.  “The company should deliver 30%-40% of cash flow back to shareholders in the form of dividends/buybacks, has… Source link

(Bloomberg) — The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive. “There are things that are interfering with market signals right now that we haven’t seen before. Eventually things work out, but eventually can be a long time,” Chief Executive Officer Mike Wirth said Wednesday in an interview at Bloomberg News headquarters in New York. He expects strong prices… Source link