ConocoPhillips Buys Marathon Oil For $17.1B As Energy Prices Rise
A view of a Marathon gas station in Baltimore, Maryland, on May 29, 2024. US energy giant ConocoPhillips announced on May 29 that it would acquire fellow oil company Marathon Oil in an all-stock deal for $22.5 billion, with $5.4 billion in debt, a major expansion despite pressure to move away from fossil fuels. (Photo: […]
Gold prices steady amid rate jitters, copper flat with China in focus By Investing.com – Investing.com
Investing.com — Gold prices were stable in Asian markets on Wednesday as attention remained on upcoming signals regarding U.S. inflation and interest rates, but a somewhat hawkish outlook for interest rates led traders to remain cautious on the metals market. Among industrial metals, copper prices also remained range-bound as optimism over China’s stimulus measures faded […]
Home Prices Soar to Record High, Squeezing Affordability
U.S. home prices continued to rise relentlessly in March, as rising interest rates to fight inflation keep home inventory low, making it harder for buyers to purchase their own homes. The S&P CoreLogic Case-Shiller 20-city index rose 7.4% year-over-year in March, accelerating from a 7.3% increase in February. The data released on Tuesday. Compared to […]
Housing prices soar to a new all-time high in March
ResiClub co-founder and editor-in-chief Lance Lambert talks about the US housing affordability crisis on “Making Money.” Home prices hit a new record in March. Housing shortageThis is despite rising mortgage rates putting home buying out of reach for more Americans. The S&P CoreLogic Case-Shiller index showed Tuesday that national home prices rose 6.5% year-over-year in […]
Amazon Fresh to cut grocery prices by as much as 30% to bring back inflation-battered customers
Amazon is joining other big retailers including Target and Walmart in slashing grocery prices by as much as 30% to attract inflation-weary customers. The company announced it would cut prices on 4,000 items at its online AmazonFresh grocery store and a handful of its brick-and-mortar stores. Amazon Fresh customers can get discounts on meat, seafood, […]
House price growth in rural areas outstrips towns in Great Britain | House prices
UK data shows that house price growth in rural areas has outpaced urban areas over the past five years, with rural semi-detached homes being the best-performing property type. Figures from mortgage lender Nationwide showed average house prices in primarily rural areas rose 22% during the period, compared with 17% in primarily urban areas. The firm […]
Copper prices to quadruple on soaring demand, top commodity trader Andurand says – Seeking Alpha
SimoneN/iStock via Getty Images Pierre Andurand, a hedge fund manager and one of the world’s best-known commodity traders, said copper prices are still rising and are nearing their peak. Four times higher at $40,000/ton Supply will not be able to keep up over the next few years, Surging demand. The French fund manager Financial Times […]
Get Taylor Swift Eras Tour Madrid Tickets: Prices, more
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. Taylor Swift’s The Hellas tour comes to Madrid next week and, in Swift’s own words, ” [you] If you’re trying to get tickets last minute, act fast. Swift will […]
Fast-food prices at McDonald’s, Subway soar under Biden
FOX Business’ Brian Bremberg looks at rising fast food prices under President Biden. Fast food is loved in America because it is cheap and convenient. At least that’s how it used to be. The cost of eating out at restaurants has risen nearly 22% since President Biden took office, according to the latest inflation report […]
Nearly 80% of Americans now consider fast food a ‘luxury’ due to high prices
FOX Business’ Brian Bremberg looks at rising fast food prices under President Biden. Has drive-thru shopping become a luxury? A majority of Americans think so. Recent Research Implemented by LendingTree The survey found that meals have become so expensive that 78% of consumers consider fast food a “luxury” purchase. This photo shows In-N-Out Burger from […]