Home prices far outpace paychecks in many areas: Research
As home prices continue to soar, a new study finds that in many areas, home prices are now far higher than the median household income. New Research From Harvard University Joint Centre for Housing Research They found that the cost of a single-family home in 2023 will be about 4.9 times the median household income, […]
U.S. Steel Prices Pressured by Influx of Vietnamese Imports – OilPrice.com
via Metal Miner of Monthly Metals Index (MMI) From May to June, it remained stable with a small decrease of 1.33%. Overall, U.S. flat steel prices were weak, with declines accelerating throughout June. HRC prices fell about 9%, their biggest month-on-month decline since February. CRC and HDG prices each fell 6%, while flat steel prices […]
Gas prices are predicted to fall 10% this summer
Darius Dale, founder and CEO of 42 Macro, discusses whether the Fed’s rate cuts will impact a resilient U.S. economy on “Mornings with Maria.” Gas prices tend to rise during the peak summer driving season, but Americans may be in luck this year. As domestic demand and supply conditions eased, Gasoline prices Gasoline prices peaked […]
Trump Popular Among Young People Because Biden’s Inflation Raises Candy Prices
DETROIT, Mich. — A seventh-grader told Breitbart News on Friday that former President Donald Trump is popular among young people because inflation under President Joe Biden’s administration has led to higher prices for candy like Airheads. “My friends love Trump,” Joshua Adler, who attended Turning Point Action’s People’s Rally in Detroit, Michigan, told Breitbart News […]
Gold Price Update: Negative Divergence Hints at Lower Prices, NFP Marked Recent Bottom – DailyFX
Gold (XAU/USD) News and Analysis Global central banks continue to signal intention to increase gold holdings Gold has been trending lower since falling from its all-time highs, and any near-term gains appear to be limited. In this article, the analysis Chart Patterns and key Support and Resistance level. For more information, see our comprehensive Education […]
President Joe Biden prepared to use oil reserves again to lower gas prices
President Joe Biden is prepared to release more oil from the country’s strategic reserves if gas prices increase during summer. This is the latest plan by the Biden administration to counter higher prices at the pumps and the more expensive prices on various goods due to inflation. A Biden administration energy advisor suggested that gas […]
Less demand and stagnant oil prices has led to lower gas prices for drivers
Gas prices are down 2 cents since last week. (iStock) Good news for spring and summer travelers: gas prices continued to trend downwards this week, averaging $3.46 per gallon. Reported by AAAThat’s down 2 cents from last week and 15 cents from last month. Weak demand and an excess of gas are the two main […]
CHUCK DEVORE: Gavin Newsom Is Determined To Have The Highest Gas Prices In The Country
There was a remarkable back and forth recently between Nevada Gov. Joe Lombardo and California Gov. Gavin Newsom over California’s culpability for high gasoline prices on the West Coast. Lombardo sent Newsom a letter expressing concern over yet another California tax on energy, 2023’s SB X1-2 (the unartfully named California Gas Price Gouging and Transparency Law) and its spillover effects on Nevada, which […]
Walt Disney World food prices soared 61% in last 10 years
Food prices at Disney World in Florida have soared an average of 61% over the past decade, nearly double the rate of inflation over that period, according to the study. Meanwhile, ticket prices have risen by an average of 56 percent over the past decade – the study found – and it’s not just hungry […]
Wholesale prices post surprise drop of 0.2% for May
A key inflation gauge surprised with wholesale prices dropping 0.2%, a day after the latest Consumer Price Index showed retail prices were trending lower. The Bureau of Labor Statistics reported that the Producer Price Index, which measures the prices producers get for goods and services on the open market, fell 0.2% in May. Analysts had […]