Benchmark U.S. crude oil for February delivery rose $2.06 to $78.29 a barrel Wednesday. Brent crude for February delivery rose $2.21 to $82.20 a barrel. Wholesale gasoline for January delivery rose 4 cents to $2.26 a gallon. January heating oil rose 8 cents to $3.14 a gallon. January natural gas was unchanged at $5.33 per…
Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 21)
December 21, 2022
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Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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US Single-Family Housing Starts Drop in November Due to High Mortgage Rates
December 21, 2022
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Business & Marketseconomic policieseconomyHome ConstructioninflationMarketsmortgage ratespersonal financePolicies & Impactsreal estaterecessionUSUS Real Estate
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Monthly construction of new single-family homes and building permits fell to a two and a half year low in November. This was caused by higher mortgage rates combined with inflation, which further weakened housing market activity, according to a report from the U.S. Census Bureau, on Dec. 20. The single-family housing market once boomed during…
Yen Holds on to Big Gains After BOJ’s Surprise Policy Tweak
SINGAPORE/LONDON—The yen traded flat on Wednesday after surging almost 4 percent in the previous session, when the Bank of Japan (BOJ) unexpectedly tweaked a key policy, allowing government bond yields more room to move. The BOJ decided to change its “yield curve control” policy on Tuesday even as it kept broad policy settings unchanged. It…
Oil Prices Rise on US Drawdown, Chinese Fears Weigh
December 21, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose on Wednesday after data suggested a larger-than-expected draw in U.S. crude stockpiles, but gains were capped by growing concerns over demand in China and a snow storm that is expected to hit U.S. travel. Brent crude futures were up 93 cents, or 1.15 percent, at $80.92 a barrel by 1040 GMT. U.S….
Global Shares Edge Up, but Face Patchiest Yearly Performance Since 2008
December 21, 2022
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON/SINGAPORE—Global shares edged up on Wednesday after the Bank of Japan rocked the markets by unexpectedly deciding to loosen its tight leash on government bond yields, with the yen then scoring its biggest one-day gain against the dollar in 24 years. The MSCI All-World index rose 0.1 percent on the day, although it is on…
Stocks Rise, Bond Yields Jump After Japan Surprises Markets
NEW YORK—Stocks closed modestly higher on Wall Street, while bond markets around the world felt pain Tuesday after a surprise move from Japan’s central bank cranked up the pressure on an already slowing global economy. The S&P 500 rose 0.1 percent after flipping between small losses and gains in the early going. The Dow Jones…
CCP Free to Target US Investors Under Biden Admin
December 20, 2022
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american stock marketBusiness & MarketsCCP (Chinese Communist Party)ChinaChinese Regimeeconomic policieseconomyEpochTVInvestmentinvestorJoe BidenLee SmithMarketsNational SecurityOver the TargetPolicies & ImpactsPoliticsU.S.A.USUS NewsUS-China relations
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The Biden team is celebrating a new agreement with China to ensure Chinese Communist Party (CCP) companies on American stock exchanges abide by U.S. regulations. But don’t be fooled—CCP firms are beholden to Beijing, not shareholders. The big winners are U.S. financial giants, Biden donors, and the CCP. Big losers are individual U.S. investors more…
CCP Free to Target US Investors Under Biden
December 20, 2022
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american stock marketBusiness & MarketsCCP (Chinese Communist Party)ChinaChinese Regimeeconomic policieseconomyEpochTVInvestmentinvestorJoe BidenLee SmithMarketsNational SecurityOver the TargetPolicies & ImpactsPoliticsU.S.A.USUS NewsUS-China relations
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The Biden team is celebrating a new agreement with China to ensure Chinese Communist Party (CCP) companies on American stock exchanges abide by U.S. regulations. But don’t be fooled—CCP firms are beholden to Beijing, not shareholders. The big winners are U.S. financial giants, Biden donors, and the CCP. Big losers are individual U.S. investors more…
Closing Prices for Crude Oil, Gold and Other Commodities (Dec. 20)
December 20, 2022
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Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for January delivery rose 90 cents to $76.09 a barrel Tuesday. Brent crude for February delivery rose 19 cents to $79.99 a barrel. Wholesale gasoline for January delivery rose 4 cents to $2.22 a gallon. January heating oil rose 1 cent to $3.06 a gallon. January natural gas fell 52 cents…
Is This the Last Crypto Winter?
Commentary The year 2022 has been the worst period on record for cryptocurrencies. The industry is on life-support. The crypto market has been rocked by scandals, mismanagement, bankruptcies, and potential fraud. Investor sentiment and trust is possibly the lowest it’s ever been, even after the Mt. Gox scandal in 2014, when the equivalent then of…
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