Authored by Mike Shedlock via MishTalk.com, Everything has gone right for homebuilders for a long time. How much better can things get? $SPHB S&P 500 Homebuilder Index courtesy of StockCharts.Com, annotations by Mish What […]
NewsOil and Gas Almost two months after Nigerian President Bola Tinubu scrapped a popular but costly fuel subsidy, petrol prices have risen to 617 naira ($0.78) per litre, the highest in the history of Africa’s […]
Earnings season began last week, with 12 S&P 500 companies reporting. Banks and financial companies were a big part of the mix. Better news on consumer inflation (CPI) boosted stocks while lowering yields and expectations for […]
The world’s largest asset manager BlackRock reported quarterly earnings early Friday. BlackRock stock faded Friday following results. BlackRock kicked its recent earnings slump with its Q2 results Friday. Earnings bolted 28% to $9.06 per share […]
Authored by Andrew Moran via The Epoch Times, New data show that a growing number of U.S. firms are collapsing under the weight of higher interest rates as corporate bankruptcies reached their highest first-half levels […]
Think you have been paying more for electricity? You’re right. Across the Seattle area, power bills have been taking a toll on budgets as providers, squeezed by inflation and green-energy requirements, raised rates. Electricity rates […]
Many liquids pipelines adjust their fees each July 1 based on the Federal Energy Regulatory Commission’s (FERC) oil pipeline index, which is based on the Producer Price Index for Finished Goods. The elevated inflation seen in […]
Global markets have kicked off the new quarter with solid gains from Asia to Europe (as previewed last week in “The Technical Overhang Is Done, July Starts With A Bullish Eruption“) while US equity futures […]
Apollo CEO Marc Rowan qualified the current economic climate by saying we may experience a “non-recession” recession. This was one of the more interesting recent descriptions of the rolling fight against inflation and the impact […]
Just when you though the exodus from California to places like Florida and Texas may have slowed….you can guess again. That’s because a recent poll called the California Community Poll, administered at the beginning of […]
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