Putin gas stop will boost European oil demand – live updates

Ggood morning. Rapidly rising interest rates will not ease the heat in the UK housing market, a new report says. The Royal Institution of Chartered Surveyors (RICS) says a lack of homes coming to market will offset dwindling buyer interest in the coming year. According to the Royal Institution of Chartered Surveyors (RICS), a lack … Read more

Easing inflationary pressures gives the economy some breathing room for the time being

A shopping cart is seen in a supermarket as inflation impacted consumer prices in Manhattan, New York City, US, June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to US economic growth, the July data should indicate at least some relief in the pipeline. Prices were flat for the month, … Read more

Consumer prices rose 8.5% in July, less than expected as inflationary pressures ease somewhat

Prices paid by consumers for a variety of goods and services rose 8.5% in July from a year ago, a slower pace than the month before, largely due to a decline in gasoline prices. On a monthly basis, prices were stable as energy prices fell 4.6% overall and gasoline 7.7%. That offset a monthly gain … Read more

Energy bills expected to exceed £4,200 as another blow to households

Ggood morning. People who have retired during the pandemic need to get back to work to help the ailing economy, John Lewis’s boss has said. Dame Sharon White urged the government to encourage people – especially in their 50s – who have left work to return to work, fearing that labor shortages will continue to … Read more

Wage inflation, used car prices may jump higher: Jim Bianco

According to market forecaster Jim Bianco, Washington’s efforts to curb inflation will fall especially short this year. And he believes this week’s key inflation data will help prove it. “I don’t see anything that will lower inflation. There are some things that could lower prescription drug prices and maybe a few other things,” the president … Read more

Risk of significant reversal in gold price rally as inflation report looms, TD Securities says

(Kitco News) The strong employment report proved that the US economy is still growing, despite two consecutive negative quarterly GDP figures. And for gold, that means the price rally could be in jeopardy, according to TD Securities. Gold lost 1% on Friday in response to the US economy’s 528,000 job gains … Read more

Treasury returns in focus after strong job growth figures

Treasury yields fell Monday after unexpectedly robust jobs data increased the likelihood of aggressive rate hikes by the Federal Reserve. The benchmark 10-year Treasury yield declined 4 basis points to approximately 2.7993%, while the 30-year Treasury yield declined 2 basis points to 3.0383%. Yields move inversely to prices and a basis point equals 0.01%. That … Read more

Microsoft Xbox, Sony PlayStation, Nintendo: Rounding Out Video Game Revenue

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The video game giants saw their sales decline in the second quarter as the initial tailwind of the Covid pandemic faded. In the three months ended June, Microsoft, Sony and Nintendo each posted disappointing results … Read more

This game can help investors avoid dramatic lows

It’s a class of exchange-traded funds designed to keep your portfolio from hitting dramatic lows, but it may require a level of sophistication. The idea: Include short-term leveraged plays, including covered call and risk reversal strategies to help investors adjust their own defensive strategies, similar to hedging. However, there may be an unintended price involved. … Read more