Stocks End Barely Up After Initial Rally
US stocks ended the day Monday up slightly after a rally in the morning gave way and lost ground later in the day. The S&P 500 rose more than 1%,…
Tesla Researcher Develops 100-Year, 4-Million-Mile Battery
As Electric vehicles take more and more market share, one of the biggest points detractors make is that a combustion engine can run until the engine wears out, possibly 20…
ESG Funds Have Biggest Monthly Outflows On Record
Exchange-traded funds with higher environmental, social, and governance (ESG) standards are suddenly seeing massive cash outflows, as investors flee the socially conscious equity funds. In May, after three years of…
Saudi Arabia Raises Crude Prices
Saudi Arabia raised prices sharply for July crude sales, prompting the price of oil to rise more than $2 in early trading on Monday. Brent crude futures rose $1.80, or…
Inflation Can Take Years To Tame Even With 10% Hikes
To the surprise of many, inflation has proven quite persistent for a full year now, even as the numbers at the end of April showed an 8.3% rate. Looking back…
Fed’s Mester Says Inflation Hasn’t Peaked – Multiple Hikes Are Needed
On Friday, Cleveland Federal Reserve President Loretta Mester said she sees no evidence of inflation having peaked, and supports a series of aggressive rate hikes to further tame inflation. Mester…
Turkish Inflation 73.5%, Highest Since 1998
Inflation in Turkey his an annual 73.5% in May, data showed on Friday, climbing to its highest level since 1998 as President Recep Tayyip Erdogan continues to be dogged by…
Walsh Says Job Market Can Maybe Stay Hot And Inflation Drops
On CNN Newsroom Friday, Labor Secretary Marty Walsh indicated he feels the job market may not need to cool, to bring inflation down, and that, “we have to continue to…
Soros-Backed Group Purchases 18 Univision Radio Stations
Univision has parted ways with its radio portfolio, as it shifts its focus to video media following its merger with media giant Televisa. It has agreed to a $60 million…
Most Americans Feel There’s A Recession, Or One’s Coming
A majority of Americans feel there is either a recession underway, or there is one coming, according to a recent Maru Public Opinion Survey. A little over half report being…
