Inflations Slows to 6.3% in the PCE
The Personal Consumption Expenditures Price Index, a measure of inflation the Fed puts considerable weight upon,, declined for the first time since November 2020, from a 40 year high of…
Biden Administration Seeks To Restart Idled Oil Refineries
According to a report in Bloomberg, the Biden administration has begun reaching out to major players in the oil industry, seeking to see if it can coerce them to reopen…
Ark Inestment Management Buys NVIDIA And An Organ Transplant Firm
Ark Investment Management bought 245,286 shares of graphics-chip specialist Nvidia (NVDA), as well as 84,795 shares of CareDX (CDNA), an organ transplant services firm, valued at $2 million. CareDX was…
US Economy Shrank 1.5% In The Last Quarter
In the first quarter of 2022 the US economy shrank at an annualized rate of 1.5%, the worst showing since the COVID recession, according to the Bureau of Economic Analysis…
Following A New EU Deal, Gas Prices Surge As Inventory Drops
Natural gas prices show no signs of falling any time soon, having soared 150% this year, as inventory continues to dwindle. The Henry Hub Natural Gas Spot Price passed $9.30…
Analysts Predict The Automotive Chip Shortage May Last Until 2023
After automakers cancelled semiconductor chip orders in early 2020 at the start of the pandemic, the industry reallocated those resources to the personal electronics market, as sales of computers and…
Shanghai Begins To Lift Lockdown Measures As China Stagnates
Shanghai began a move towards a return of normalcy on Thursday as it unveiled more post-lockdown plans and reductions in lockdown measures for its 25 million residence. City officials announced…
Understand Capital Gains Tax Law On Real Estate Sales Before Selling Your House
There is an article at Marketwatch here, which lays out how the Taxpayer Relief Act of 1997 altered how capital gains taxes (taxes on the appreciation of a home, ie,…
Xi-Li Discord Paralyzes Officials Responsible for China Economy
A conflict between the statements of China’s President Xi Jinping, who is calling for a strict, zero-COVID policy, and Premier Li Keqiang, who is calling for balancing COVID measures with…
NIH Gives $68M To Pfizer-Partnered AI Startup
A Pfizer-associated Boston startup that uses AI and machine learning to aid drug companies with development and discovery of new drugs was given $68 million from the NIH. PostEra will…
