Tag Archives: Prices

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 Monday, March 28, 2022 Almost any direction you look, it points to higher oil prices and a potentially damaging effect on the global economy — one the market will have to factor in once and for all. To be sure, the stage is set for a renewed push higher in oil prices after a momentary relief sell-off. President Biden’s “cannot remain in power”… Source link

There’s been a lot of chatter recently among California lawmakers about a gas rebate as prices at the pump are among the highest in the country. “If you look at all the regulations, taxes, and fees associated with gas in California, we pay $1.27 more [per gallon] than every other state in the nation. It’s really sad,” Republican Assemblymember James Gallagher said on Yahoo Finance Live (video above). “We have a double whammy, not only do we have high gas prices, but we have all these… Source link

The years-long hot housing market has shown signs of cooling off. Mortgage rates over a weeklong period earlier this month topped 4% for the first time in three years — and the rise will likely continue as the Federal Reserve pursues a series of interest rate hikes this year. But persistent inflation and rising interest rates shouldn’t scare off homebuyers, real estate guru and “Shark Tank” panelist Barbara Corcoran told Yahoo Finance. Instead, aspiring homeowners should jump into the market… Source link

Stocks traded mixed Monday to steady after last week’s gains, while energy prices resumed a march higher. The S&P 500 edged slightly higher, while the Dow and Nasdaq dipped. Trader’s paused after last week’s gains, when the S&P 500 posted its first weekly advance in three weeks and its largest since November 2020. The Treasury yield curve steepened, and the benchmark 10-year yield rose to top 2.2%. Energy and commodity prices spiked amid the latest developments in Russia’s war in Ukraine. As… Source link

The S&P 500 and Dow rose Monday to shake off some recent losses, with investors looking ahead to the Federal Reserve’s next monetary policy decision later this week amid an ongoing war in Ukraine and soaring inflation. The Dow Jones Industrial Average gained more than 0.7% just after market open as the index recovered some losses following five straight weekly losses. The Nasdaq erased earlier gains to trade lower. U.S. crude oil prices (CL=F) briefly dipped below $103 per barrel to a… Source link

The rally in crude oil prices may have a long way to go, warns one top strategist. “It is not unfathomable for prices to rocket to $200 a barrel by summer, spur a recession and end the year closer to $50 a barrel ($200 call options have been bid). To be clear, this is not our base case, but such a scenario does not sound implausible today. Two weeks ago, such a notion would have been ludicrous. Brent traded in a $20 range over the past 24 hours. Nothing sounds crazy, anymore,” said RBC… Source link

Oil prices are perched at 14-year highs, which has also driven a gallon of regular gas above $4, stoking new inflationary fears and pressuring already sticker-shocked consumers. And with the U.S. now moving to curtail Russian oil imports — and leaning on allies to do the same — as punishment for invading Ukraine, it’s not just the absolute price level that has market watchers concerned. “It’s just the speed of this move [that’s] concerning because it wipes out people in certain areas,”… Source link

Back up the dump truck on Caterpillar’s stock (CAT), says Jefferies analyst Stephen Volkmann. “Recent turmoil in Eastern Europe fundamentally reshapes global commodity markets, driving structurally higher pricing and after years of underinvestment capacity additions and supply diversification will be necessary in both mining and oil and gas sectors, though new projects will take time. Caterpillar has historically been a strong hedge to commodity and general inflation,” Volkmann said in a new… Source link

More than half of Canadians believe high gas prices are here to stay, and could push higher, according to a public opinion poll by Yahoo/Maru. Most Canadians believe high gas prices are here to stay, and could keep pushing higher, a new Yahoo/Maru public opinion poll shows. However, only 16 per cent say they’re serious about buying a fully electric or hybrid vehicle for their next automotive purchase. The survey found more than a quarter (27 per cent) of respondents point to international… Source link

The national average price for gas has topped $4 a gallon for the first time in over a decade as gas costs continue to soar in the wake of Russia’s invasion of Ukraine. As of Sunday afternoon, the national average of a regular gallon of gas was $4.009, according to AAA. That’s up 8 cents from Saturday and up 40 cents from last week. The U.S. hit the $4 national average a day earlier than analysts expected. The record high for the national average is $4.11, set on July 17, 2008, according to… Source link