High petrol and diesel prices remain

Gasoline and diesel prices in the United States are hitting record highs almost every day these days, as crude oil prices have stabilized above $110 a barrel, the Russian invasion of Ukraine has sent global crude oil and refined product trade flows up, and refining capacity globally is now less than It was before. Pandemic … Read more

Stable coins were supposed to be “stable”. Then came the collapse

On Twitter and Reddit, Luna and TerraUSD investors who tried to assess their losses after the dramatic crash of cryptocurrency last week were stunned. The cryptocurrency took a hit as Terra — a supposed “stablecoin” that was supposed to hold the $1 price point — lost its peg, and the Luna cryptocurrency plunged 99% in … Read more

Thinking of selling your home? This might be the right time

Jeff Tucker, chief economist at Zillow, said homeowners are still reluctant to list their homes. While the inventory of homes for sale has risen this spring, he said it has more to do with falling buyers than the influx of new homes hitting the market. “These higher prices don’t seem to particularly motivate sellers, or … Read more

The working-class county of California has the most expensive gas in the country

Lee Vining, California – About five hours north of Los Angeles and five hours east of San Francisco, California’s Mono County is a picturesque area known for its towering snow-capped mountains and proximity to Yosemite National Park. Gas prices are also notoriously high, and AAA’s Florida headquarters use it to appease others who complain about … Read more

China suggests easing tech-related strictures, but don’t expect a shift in policy

China has shown signs of easing its crackdown on the technology sector that has wiped out billions of dollars from the value of its flagship companies. But analysts said Beijing’s recent positive rhetoric should not be confused with policy reversal. “I think the big tech companies will have a grace period maybe for the next … Read more

Countries ban food exports amid rising prices and inflation

India has banned wheat exports as grain prices soar this year due to the Russo-Ukrainian war. T. Narayan | Bloomberg | Getty Images India banned wheat exportsIt became the latest country to do so with grain prices soaring this year in part because of the Russo-Ukrainian war. The war caused a sharp rise in wheat … Read more

Market chaos and Bitcoin bottoming call

Watch this video on YouTube or clatter Listen to the episode here: In this episode of the “Fed Watch” podcast, Christian Keroulis and I, along with the live broadcast crew, discuss macro-developments related to bitcoin. Topics include the Federal Reserve’s recent 50 basis point interest rate hike, a Consumer Price Index (CPI) preview — the … Read more

National gas averaged $4.48 per gallon, $5.98 for some states as costs rose 40 cents in one month

Gas prices jumped to another record high with the national average coming in at $4.48 a gallon today. Prices are up 15 cents over the past week, 40 cents over the past month and $1.43 in a year, according to the American Automobile Association. Meanwhile, some states – such as California – reported a price … Read more

Elon Musk talks about the housing market bubble: ‘They dug their own graves’

Tesla CEO Elon Musk recently added the housing market to his Twitter comment mix. Musk burdens housing: Musk’s comment stemmed from a tweet by Dogecoin co-founder Billy Marcus (who uses the Twitter name Shibetoshi Nakamoto) saying that the cryptocurrency was “created as a statement against central bank control” after the Great Recession that followed the … Read more