The European Central Bank faces a difficult balancing act, with inflation hitting record highs while the war in Ukraine casts a shadow over growth prospects. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday confirmed its intention to raise interest rates at its policy meeting next month and lowered …
Placeholder while loading article actions Sonny Alaniz was driving home after midnight when his ATV came to a halt on a rural Texas road, with the gas tank unmistakably empty. The nursing student and his seven passengers, who were out to celebrate his 22nd birthday this last Saturday in May, had no choice but to …
Empty wallets, empty tanks: Soaring gas prices leave drivers stranded Read More »
The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 – a deterioration of 1.5 percentage points compared to a projection made in December. Nurphoto | Nurphoto | Getty Images The Organization for Economic Co-operation and Development has become the latest international body to lower its forecast for global growth …
OECD cuts global growth forecast on war in Ukraine and China’s zero Covid policy Read More »
It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly reducing package sizes without lowering prices. It’s called “shrinkflation,” and it’s accelerating around the world. In the United States, a small box of Kleenex now contains 60 tissues; a few months ago there were …
No, you’re not going crazy – pack sizes are shrinking Read More »
Gas prices continue to climb in Florida and across the country. As of Tuesday, AAA data shows the average cost of a gallon of gas in our state remains at an all-time high of $4.76. Most local counties in central Florida are reporting similar averages, only Brevard has a slightly lower average, at $4.73. The …
The Dow Jones Industrial Average fell Tuesday morning, coming to a halt after last week’s strong gains and ahead of May’s final trading session. Bitcoin briefly climbed above $32,000 and US oil prices hit a two-month high as European Union leaders imposed a partial oil embargo on Russia. X Electric vehicle giant You’re here (TSLA) …
Lower stocks; Bitcoin soars, while oil prices jump Read More »
The latest AMD Radeon RX 6000 and NVIDIA GeForce RTX 30 graphics card price report has been published by 3DCenter which shows continuous improvement in GPU prices and some cards are even showing prices below their MSRP. NVIDIA GeForce RTX 30 and AMD Radeon RX 6000 graphics card prices continue to improve, and several GPUs …
Remote work has allowed some people to move further away from their office and inspired others to buy bigger houses to accommodate their new lifestyle. Demand for more homes and the ability to move to warmer climates have played a big role in driving up house prices, according to a new National Bureau of Economic …
The “big reshuffle” played a big role in driving up house prices Read More »
As car travelers embark on trips over Memorial Day weekend, gas prices may shock them, even if they hit the pumps just a few weeks ago. The average price of a gallon of gas on Friday hit nearly $4.60, up some 46 cents from a month ago, according to data compiled by AAA. For the …
Why gasoline prices continue to hit record highs Read More »
The combination of limited new supply options, growing risks to traditional supply and growing global demand are expected to drive oil prices higher this summer. Oil Price Alert: This month’s Smart Investor column, now available for Global Energy Alert members, highlights two oil and gas pipeline stocks that could provide solid income for investors. If …
Oil prices are expected to rise further this summer | OilPrice.com Read More »
