Oil Prices Perk Up on Crude Draw – OilPrice.com
Crude oil prices rose today following the release of the U.S. Energy Information Administration. report Inventories fell by 3.4 million barrels in the week ending July 5. This compares with a much larger drop of 12.2 million barrels the previous week. The American Petroleum Institute reported on Tuesday that inventories were estimated to have fallen […]
Inflation expected to slow again in June, but high prices are still crushing Americans
Former Kansas City Federal Reserve Bank President Thomas Honig responded to Jerome Powell’s comments on “Cavuto Coast to Coast” that the Fed isn’t ready to start cutting interest rates. The closely watched inflation report due on Thursday is expected to show that price pressures within the economy continued to ease in June. Economists expect the […]
FTC report slams pharmacy 'middlemen' for seemingly driving up prices, limiting access
Pharmacy benefit managers (PBMs) have a significant influence on the availability and affordability of prescription drugs. Scathing new report “These powerful middlemen may be profiting from inflating drug prices and squeezing Main Street pharmacies,” a Federal Trade Commission report concluded. The report signals significantly increased scrutiny of the business practices of PBMs, the opaque intermediaries […]
Where to buy tickets, best prices, roster
Vivid Seats is an official ticketing partner of the New York Post and may earn revenue from this partnership if you share or purchase this content. Basketball craze is heading to Phoenix this summer. The 2024 WNBA All-Star Game will be held at the Footprint Center, home of the Mercury, on Saturday, July 20. But […]
Mortgage rates crept back up closer to 7% as home prices increase
The average interest rate on a 30-year mortgage rose to 6.95% last week. (iStock ) Mortgage rates rose sharply this week, hovering near 7%. The jump ended a string of declines this week. Rates on a 30-year fixed-rate mortgage averaged 6.95%. Freddie Mac is. “Mortgage rates rose this week, to just below 7 percent,” explained […]
Gas Prices: Decrease at the pumps to the end the holiday weekend
Gas prices decreased slightly on Sunday, with the average price for a gallon of regular gas dropping to $3.506, according to AAA. On Saturday, a gallon of regular gas cost $3.509. A week ago, it was $3.492. A month ago, it was $3.471, and a year ago, it cost $3.537 per gallon. California had the […]
Oil prices muted as markets watch for storm Beryl impact By Investing.com – Investing.com
Investing.com — Oil prices were flat in Asian markets on Monday as traders closely monitored the impact of Tropical Storm Beryl on crude production in the Gulf of Mexico, but also remained focused on further signs of robust summer demand. Oil prices have recorded four straight weeks of big gains on hopes of stronger summer […]
Citi Bike raises prices by whopping 20% in latest crunch on NYC commuters
Some Citi Bike users may ride off into the sunset. The Lyft-operated service is increasing fees for members and non-members by a whopping 20% on Wednesday. – That has led some riders to abandon the service and consider buying their own bikes instead. “I use a Citibike because I don’t really like taking the train, […]
Gold Prices Forecast: Can CPI Data Ignite Rally to New Record High? – FX Empire
Future Catalysts Next week’s trading will likely depend on the Consumer Price Index (CPI) report for June. Economists expect the headline CPI to rise 0.2% and the core CPI to remain unchanged. A weaker-than-expected inflation reading could bolster expectations of a rate cut. Fed Chairman Powell’s two-day congressional testimony, which begins on Tuesday, will be […]
Strong Fundamentals Suggest Oil Prices Will Continue to Climb – OilPrice.com
Analysts predict that oil prices are likely to rise further this week, and the rally could continue into the coming weeks. The question on everyone’s mind is: how far will OPEC allow prices to rise before tapering its production cuts? “Strong market fundamentals are propelling oil prices higher this week, on track to rise for […]