This is what determines the price of gas

New York (CNN Business)Prices at the pump continue to shatter records ahead of Memorial Day weekend. The national average for regular gas hit a fresh record of $4.48 a gallon Monday, according to AAA. That marks an increase of 15 cents in the past week and 40 cents in a month. Gas prices are now up by 27% from the […]

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Asian Markets Extend Losing Streak

Asian stock markets are trading mostly lower on Tuesday, following the continued sell-off on Wall Street overnight, as traders remain concerned about slowing growth, soaring inflation and prospects of tighter policy moves by global central banks to combat persistent inflation. Worries about the impact of the Ukraine war, and the ongoing lockdown in Shanghai are also weighing on market sentiment. […]

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Has GM’s Advantage Disappeared?

The view of Ford and General Motors was boosted as the electric vehicle (EV) market improved and they created plans to dominate it. The new Ford F-150 Lightning added grist to that mill. If Ford could manufacture an electric version of the county’s most popular vehicle, then it and GM could expand the transition from popular petroleum-fuel models to EVs […]

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Savings window opens: 30- and 20-year mortgage rates fall | May 16, 2022

Check out the mortgage rates for May 16, 2022, which are mixed from last Friday. (Credible) Based on data compiled by Credible, mortgage refinance rates have risen across all terms since last Friday. 30-year fixed-rate refinance: 5.500%, up from 5.125%, +0.375 20-year fixed-rate refinance: 4.875%, up from 4.750%, +0.125 15-year fixed-rate refinance: 4.625%, up from 4.250%, +0.375 10-year fixed-rate refinance: […]

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What shape might the next recession take?

New York (CNN Business)Wide leg jeans, butterfly clips and half-point rate increases: The 1990s are back. Earlier this month Federal Reserve chair Jerome Powell announced a half-percentage-piont increase in interest rates, the largest hike in over two decades. Powell also indicated that he wouldn’t hesitate to do it again — a move straight out of the central bank’s 1994 playbook, […]

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