The numbers: The cost of wholesale goods and services fell 0.1% in August largely due to cheaper gas, but there were also some signs of easing inflation even as persistent Read more
Tag: Markets
European gas prices hit lowest in a month on hopes Putin energy war faltering
European benchmark natural gas prices fell to their lowest in a month amid hopes Vladimir Putin was losing leverage in his attempts to cause economic pain to the continent by Read more
This asset class is poised to rise 38% because markets overestimate risk of global recession, Goldman says
Still reeling from Fed Chairman Jerome Powell’s higher-for-longer remarks last week, riskier asset like equities look set for another battering, on Monday. “You can’t have the stock market collapse over 5% Read more
U.K. regulator raises energy price cap by 80% to £3,549 a year
U.K. energy regulator Ofgem said Friday that it has raised the country’s price cap by 80% to £3,549 ($4,200) a year, and warned that prices could get significantly worse through Read more
German consumer sentiment expected to drop to new record low in September
Consumer confidence in Germany is set to fall in September to an all-time low, as propensity to save increases amid fears of higher energy costs. Market research group GfK’s forward-looking Read more
Elon Musk says Tesla is raising price of ‘Full Self-Driving’ feature to $15,000
Elon Musk on Sunday announced the price of Tesla Inc.’s “Full Self-Driving” feature will rise by 25% next month, from $12,000 to $15,000. “After wide release of FSD Beta 10.69.2, Read more
Duplex apartment in Park Avenue tower that once housed John D. Rockefeller, Jackie Kennedy and Vera Wang hits market at $26 million
A 14-room duplex in one of New York City’s most well-heeled co-op buildings, 740 Park Ave., came on the market Wednesday asking $26 million. Built in 1929 by James T. Read more
Falling gas prices buoy consumer sentiment, temper inflation expectations
The numbers: A survey of U.S. consumers saw sentiment rise in August, though still mired near an all-time low seen in June. The University of Michigan’s index of consumer sentiment Read more
U.S. import prices decline in July for the first time this year
The numbers: The cost of imported goods fell 1.4% in July, the U.S. Labor Department said Friday. This is the first decline since December and the largest since April 2020. Read more
U.S. import prices decline in July for the first time this year
The numbers: The cost of imported goods fell 1.4% in July, the U.S. Labor Department said Friday. This is the first decline since December and the largest since April 2020. Read more