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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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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‘FM & PM keep denying reality about unemployment’

‘According to CMIE data, employment in manufacturing saw a reduction from 51 million in the country in 2016 to 27 million in 2021.‘That is, it has halved in just 5 years.‘At the same time, the national lockdown resulted in reverse migration to rural areas, and an increase in the number of workers in agriculture.‘It also means joblessness has increased in […]

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‘Both FM & PM keep denying reality about unemployment’

‘According to CMIE data, employment in manufacturing saw a reduction from 51 million in the country in 2016 to 27 million in 2021.‘That is, it has halved in just 5 years.‘At the same time, the national lockdown resulted in reverse migration to rural areas, and an increase in the number of workers in agriculture.‘It also means joblessness has increased in […]

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