by tv | Sep 30, 2022 | Markets
So much for the used-car boom. Thanks to sky-high inflation, that bubble has popped, as we can clearly see from the latest Carmax (KMX) earnings report. Worse, “the entire US automotive industry is being hammered by soaring interest rates and a stretched consumer,”...
by Reuters | Sep 30, 2022 | Business, Economy, Environment, Europe, Politics, Top News
By Kate Abnett, Gabriela Baczynska and Philip Blenkinsop BRUSSELS (Reuters) -European Union countries disagreed on Friday about whether and how to cap runaway gas prices, with Germany among those opposing the measure that 15 other states said was needed to tackle...
by Reuters | Sep 30, 2022 | Business, Economy, Politics, US
By Arathy Somasekhar HOUSTON (Reuters) – U.S. fuel supplies are “unacceptably” at or near 5-year lows amid hurricane threats and the oil industry must do more to address prices and demand, a Department of Energy spokesperson said on Friday. The...
by Reuters | Sep 29, 2022 | Asia, Australia, Business, Economy, Europe, US
By Lawrence Delevingne (Reuters) – Investors added another cycle of selling on Thursday as the dollar barely eased its stranglehold on currency markets, recession fears sapped stocks and bonds suffered more interest rate pain. After a partial rebound on...
by tv | Sep 29, 2022 | Markets
Hurricane Ian is moving onshore as a Cat. 4, with 155mph max winds. “Hurricane Ian is making landfall as one of southwest Florida’s most intense hurricanes on record, expected to produce catastrophic storm surge, destructive winds and flooding rainfall,” says...
