Larry Kudlow Rips Jerome Powell Over ‘One Of The Goofiest Answers’ On Rising Oil Prices Harold Hutchison on September 20, 2023 Fox Business host Larry Kudlow blasted Federal Reserve Chairman …
Prices
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BERLIN (Reuters) -German producer prices posted their biggest year-on-year decline in August since data collection began in 1949, spurring hopes for further easing of inflation in Europe’s largest economy. Producer …
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Gas Prices Could Soon Hit $4 in New Jersey as Oil Prices Rise Again
TRENTON, NJ – Gas prices in New Jersey this week are hovering in the $3.78 range, but that might not last long. News from around the world show a dire …
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Canada’s Trans Mountain pipe expansion to disrupt oil flow to US, boost prices
by Reutersby ReutersBy Nia Williams and Stephanie Kelly CALGARY (Reuters) – Canada’s Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada’s Pacific Coast …
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By Steve Scherer and David Ljunggren OTTAWA (Reuters) – Canada’s five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister …
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China’s yuan will stabilise as domestic prices bottom out – central bank publication
by Reutersby ReutersBEIJING (Reuters) -China’s yuan will stabilise after improvements in recent economic data and the bottoming out of domestic prices, state-owned media said on Monday. China’s falling interest rates have effectively …
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Asking prices for UK homes pick up slightly despite summer slowdown: Rightmove
by Reutersby ReutersLONDON (Reuters) – Asking prices for homes in Britain rose marginally this month following a sharp drop in August, but buyer affordability is expected to improve in the coming months …
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SEOUL (Reuters) – South Korea’s housing market climbed for a second straight month in August, data showed on Friday, with prices rising across the country. The nationwide house transaction price …
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By Arathy Somasekhar HOUSTON (Reuters) – Crude oil prices above $90 a barrel in the United States stirred worries that inflation could rise further in an economy where the Federal …
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WASHINGTON (Reuters) – U.S. producer prices increased by the most in more than a year in August as the cost of gasoline surged, the latest indication that the road to …
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Business News
US retail sales, produces prices rise; jobless claims lower than forecast
by Reutersby ReutersNEW YORK (Reuters) -A slew of U.S. economic data on Thursday showed stronger-than-expected numbers that stoked worries about sticky inflation and reinforced the view that the Federal Reserve is likely …
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US contacts oil producers, refiners as gasoline prices rise
by Reutersby ReutersBy Jeff Mason and Jarrett Renshaw WASHINGTON (Reuters) -The U.S. Energy Department has talked to oil producers and refiners to ensure stable fuel supplies at a time of rising gasoline …
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NEW YORK (Reuters) – U.S. consumer prices increased by the most in more than a year in August amid a surge in the cost of gasoline, but a moderate rise …
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BERLIN (Reuters) – German wholesale prices fell for the fifth month in a row in August due to lower prices for mineral oil products, data from the federal statistics office …
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Business News
Potential UAW strike could cut production, push up vehicle prices, analysts say
by Reutersby ReutersBy Priyamvada C (Reuters) – A prolonged coordinated strike by the United Auto Workers (UAW) union against the Detroit Three automakers could cut production by thousands, potentially pushing up vehicle …
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Chinese rare earth prices hit 20-month high on Myanmar supply worry
by Reutersby ReutersBEIJING/HANOI (Reuters) -Chinese rare earth prices jumped to their highest in 20 months, as mining suspension in major producer Myanmar sparked stockpiling ahead of the peak consumption season, analysts said …
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France’s Le Maire urges TotalEnergies to maintain cap on fuel prices
by Reutersby ReutersPARIS (Reuters) – French Finance Minister Bruno Le Maire said he wanted French oil giant TotalEnergies to maintain a cap on fuel prices beyond Dec. 31, adding his priority was …
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(Reuters) – The U.S. services sector unexpectedly gained steam in August, with new orders firming and businesses paying higher prices for inputs — potential signs of still-elevated inflation pressures. The …
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Business News
G7 shelves regular Russian oil cap reviews as prices soar – sources
by Reutersby ReutersBy Julia Payne BRUSSELS (Reuters) – The G7 and allies have shelved regular reviews of the Russian oil price cap scheme, people familiar with the matter told Reuters, even though …
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Lower growth in China not affecting commodity prices ‘that much,’ Brazil’s Campos Neto says
by Reutersby ReutersBRASILIA (Reuters) – Brazilian central bank chief Roberto Campos Neto said on Tuesday that the slower growth seen in China is not affecting commodity prices “that much.” Speaking at an …
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British home prices to fall 4% in 2023 as borrowing costs bite – Reuters poll
by Reutersby ReutersBy Jonathan Cable LONDON (Reuters) – British home prices will fall 4% this year, more than was thought a few months ago, as high interest rates and living costs keep …
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Business News
China new home prices fall for fourth month, sales slump – survey
by Reutersby ReutersBEIJING (Reuters) – China’s new home prices fell for the fourth month in August, according to a private survey on Friday, as a property debt crisis kept confidence at a …
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Labor Day Gas Prices to Reach Obama Administration Highs in New Jersey
by Phil Stiltonby Phil StiltonIf you’re planning on hitting the Garden State Parkway, New Jersey Turnpike, or heading further from the Garden State this Labor Day weekend, expect record-high holiday weekend gas prices, AAA …
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Business News
Australia home prices rise 6th straight month as recovery gets entrenched -CoreLogic
by Reutersby ReutersBy Stella Qiu SYDNEY (Reuters) – Australia’s home prices rose in August for a sixth straight month as a jump in new listings was absorbed by strong demand, adding to …
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Business News
Hormel Foods cuts annual forecasts on weak China demand, adverse pork prices
by Reutersby Reuters(Reuters) – Hormel Foods on Thursday cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with lower pork and turkey prices …