Despite the Federal Reserve raising interest rates and trimming its $8.9 trillion balance sheet, money-supply expansion has yet to fall off a cliff. Although there was a sharp drop in the M2 in the week beginning April 11, there has been an ebb and flow of the printing presses since the end of April. Here […]
Archives for September 2022
Crude oil rises ahead of key OPEC meeting
On the eve of the much-anticipated OPEC meeting, here is a look at how the energy markets are heading in overnight trading: West Texas Intermediate (WTI) crude oil: +1.53% to $88.20 Brent crude: +1.53% to $94.44 Natural gas: +1.83% to $8.947 RBOB gasoline: +0.29% to $2.47 Heating oil: +3.57% to $3.7058 Financial markets are expecting […]
Bed Bath and Beyond CFO Gustavo Arnal committed suicide
The Blood Bath and Beyond saga recently hit a somber tone after the death of the struggling company’s CFO. Bed Bath & Beyond Inc’s (BBBY.O) chief financial officer, Gustavo Arnal, committed suicide, the medical examiner’s office confirmed to CNBC on Sunday. The CFO, 52, fell from the 50-floor Jenga Tower in downtown Manhattan. Reportedly, Arnal […]
Mississippi will be first state to tax Biden’s student loan debt forgiveness plan
Mississippi has confirmed it will be the first state to tax President Joe Biden’s student loan debt forgiveness plan of up to $20,000. According to Bloomberg, Mississippi will tax residents who have had portions of their student loan debt forgiven as income. While it would be exempted from federal taxes, a recent analysis by the […]
Investors ditch US stocks, despite ‘goldilocks’ August jobs report
The U.S. financial markets recorded their third consecutive weekly loss. Despite a “goldilocks” August jobs report, investors were hitting the sell button after lunch. Here is a rundown of what happened by the end of the trading session: Dow Jones Industrial Average: -1.07% to 31,318.44 S&P 500: -1.07% to 3,924 Nasdaq: -1.31% to 11,630 Ten-year […]