Hurricane Ian has made landfall. The images being shared on Twitter are devastating. Houses are being torn apart, homes are being flooded, and even sharks are swimming on land. In the end, it could become one of the most expensive hurricanes in U.S. history. The economic costs of Hurricane Ian could hit as much as […]
Money
Eat or heat? Millions of Europeans to make decision this winter
By: Claudio Grass As the citizens of the European Union and the United Kingdom are increasingly struggling to make ends meet due to record levels of inflation, and as the winter draws closer, a serious cost of living crisis is set to spiral out of control. Skyrocketing energy costs, combined with galloping prices for food […]
It’s official: U.S. housing market in a recession as Case-Shiller prices fall in Julyade
The housing bubble has been popped. The Case-Shiller Home Price Index posted its biggest monthly drop in about a decade, sliding 0.8% in July. Moreover, the Federal Housing Finance Agency’s (FHFA) house price index also slipped 0.6% in July. “Although U.S. housing prices remain substantially above their year-ago levels, July’s report reflects a forceful deceleration,” […]
Gasoline prices rise for sixth straight day on refinery issues, hurricane season
In case you have missed it amid the market meltdown, soaring inflation, and geopolitical tensions, gasoline prices are back on the rise. According to the American Automobile Association (AAA), the national average for a gallon of gasoline has risen for the sixth straight day, hitting $3.725. This is up from $3.677 a week ago. The […]
Dow Jones falls below 30k, crude crashes 5% during market meltdown
What a week to stop sniffing glue. It was bedlam in the financial markets on Friday. Here is what happened in just the morning session: The Dow Jones Industrial Average fell below 30,000 points for the first time since November 2020. Crude oil prices crashed more than 5% to their lowest levels since January as […]