Market is Price

After more than two years of largely staying home due to the pandemic, most Americans are ready to hit the road. Yet inflation and record-breaking gasoline prices are weighing on would-be vacationers, even more than Covid concerns, according to a report by Morning Consult. Roughly 60% of Americans said they would take more trips this year compared with last year, although higher prices are now causing travelers to  scale back their plans and go shorter distances , the survey , commissioned by the American Hotel & Lodging Association, found. One-third are likely to cancel altogether. More from Personal Finance: Try these gas-saving tips Recession is 'likely,' former SEC chief economist says It's a good time for young investors to put money in the market Gasoline prices have run up sharply heading into the peak summer driving season, following  Russia's invasion of Ukraine , and show no signs of slowing down. The national average for unleaded gas hit an...

1. S&P 500 futures are lower after snapping long losing streak Traders on the NYSE, May 20, 2022. Source: NYSE S&P 500 futures were lower Tuesday morning, as Wall Street resumes trading following the Memorial Day holiday. Stocks posted strong gains last week, ending seven-week losing streaks for the S&P 500 and Nasdaq Composite and an eight-week slide for the Dow Jones Industrial Average . The S&P 500 and Dow rose 6.5% and 6.2%, respectively, their best weekly advances since November 2020. The tech-heavy Nasdaq was the best-performing major U.S. stock index last week, gaining 6.8%. Stocks were aided in the latter part of last week by quality retail earnings and the Federal Reserve's favorite inflation measure suggested price pressures in April eased somewhat . In this four-day trading week, Salesforce and Hewlett Packard Enterprise headline the earnings calendar, while the May jobs report is due out Friday. 2. Bond prices fall, 10-year yield top...

Topline Though rising interest rates have started to temper demand in the booming housing market, home prices still skyrocketed at the highest rate in 35 years in March, according to industry data released Tuesday, and experts say it’s still too tough to tell when hot prices will begin to cool. Key Facts Home prices across the country skyrocketed 20.6% in March on an annual basis, climbing 2.6% from one month earlier, when prices surged 20% year over year, according to the closely watched S&P CoreLogic Case-Shiller Indices. Prices in the nation’s largest cities swelled even more rapidly, with the Case-Shiller 20-City Index, which measures prices in cities such as New York, Los Angeles and San Francisco, climbing 21.2%. Tampa, Phoenix, and Miami reported the highest year-over-year gains among the 20 cities in March, with Tampa home prices jumping 34.8% year over year to unseat Phoenix prices, which posted a 32.4% increase and led gains nationwide for nearly three y...

A boy walks past an oil tanker train stationed at a railway station in Ghaziabad, on the outskirts of New Delhi, India, February 1, 2019. REUTERS/Anushree Fadnavis Register now for FREE unlimited access to Reuters.com Register MUMBAI, May 31 (Reuters) - India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement late on Tuesday. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay. India, the world's biggest edible oils importer, last week allowed duty free imports 2 million tonnes of soyoil. read more Register now for FREE unlimited access to Reuters.com Register Commodity New price in $ Old price in $ Crude palm oil 1,625 1,703 RBD palm oil 1,733 1,765 RBD palmolein 1,744 1,771 Crude soya oil 1,866 1,827 Gold 597 592 Silver 721 687 Base prices for all...

Bloomington Handmade Market will take place from 10 a.m. to 4 p.m. on June 4. The fair is free to attend and will be held on Kirkwood Avenue between Lincoln Street and Indiana Avenue. BHM features artisans, crafters and designers from all over the Midwest. These artists are selected from a pool of applicants, and BHM looks for artists and crafters that create quality work that may not be seen at traditional craft fairs, according to the BHM website .  This year, there are 60 regional artists who will be selling handmade items such as clothing, houseware, jewelry, candles, pottery and more. A full list of vendors is available on the Handmade Market website.   Co-founders Mia Beach, Sally Harless and Nicole Wolfersberger started BHM in 2009. They saw the need for an Bloomington artistic venue that would feature emerging artists and showcase their work at an affordable price, according to the BHM website.  Over ten years later, BHM holds two shows per year. The s...

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[unable to retrieve full-text content] Stock Market Today: Dow, S&P Live Updates for May 30    Bloomberg from "market" - Google News https://ift.tt/XdVcxri via IFTTT

MADISON, Wis. (WMTV) - Triple A said Sunday’s gas price average is the highest recorded in Wisconsin. The average gas price in Wisconsin on Sunday is $4.37. That price is making travel all the more expensive over Memorial Day weekend. Tourism is a big sector of the Wisconsin Dells economy, but the Wisconsin Dells Visitor and Convention Bureau believes people will pick travel destinations closer to home, including the Dells. “It helps us in a way that people may pick destinations that are closer to home, which is Wisconsin Dells,” Wisconsin Dells Visitor and Convention Bureau’s Leah Hauck-Mills said. “They may, you know, cut costs somewhere else, but it’s easily accessible to get to Wisconsin Dells, just with one tank of gas.” As of Sunday, Triple A said the national average gas price is $4.61. Copyright 2022 WMTV. All rights reserved. Adblock test (Why?) from "price" - Google News https://ift.tt/Zf8MmE6 via IFTTT

The U.S. Energy Information Administration (EIA) officially defines the summer driving season as the six months from April to September. However, it’s the Memorial Day weekend that serves as the formal kick-off, as millions of Americans hit the open road on their summer driving adventures. Consumption of gasoline tends to peak during the summer months. The EIA projects Americans will consume roughly 9.2 million barrels per day of gasoline this summer season. This is slightly above last summer’s pace but below 2019’s pre-pandemic level of 9.5 million barrels per day. Just two months ago, the EIA projected a gallon of regular gas this summer driving season would average $3.84 across the nation, up from last season’s average of $3.06. But with the continued rise in gasoline prices, that projection increasingly seems like wishful thinking. According to data from the American Automobile Association, the current national average for a gallon of regular gas now stands at $4.60, a r...

Philly Heart & Soul performs Proud Mary. The first Mayfair Business Improvement District Third Thursday Night Market took place last week at Frankford and Cottman avenues. Ryan Avenue was blocked off to car traffic to make room for a variety of vendors and live music from Philly Heart & Soul, a 10-piece cover band. Future Thursday night markets, all from 5-9 p.m., will take place on June 16, July 21, Aug. 18 and Sept. 15. •• Adblock test (Why?) from "market" - Google News https://ift.tt/ElLZmci via IFTTT

The recovery plan after the collapse of Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra ( LUNA ) began on a rocky path after the LUNA 2.0 cryptocurrency suffered a significant price correction hours after its launch.  By press time, the token value had plunged by over 67%, trading at $5.78 from the launch price of $17.8, according to CoinMarketCap data.  LUNA 2.0 price chart. Source/CoinMarketCap The drop comes after Terraform Labs successfully distributed the LUNA 2.0 tokens to investors who held LUNA Classic (LUNC) and TerraUSD (UST). The token was airdropped on May 28, with a maximum circulating supply capped at one billion.  LUNA 2.0 features  According to Terraform Labs, LUNA 2.0 was released under Phoenix-1, the Terra 2.0 mainnet. In an announcement, the company noted that node services, wallets, and explorers would follow the mainnet to go live later.  Additionally, the LUNA 2.0 token does not share any history with the a...

Illustration: Alex Nabaum Keep calm and carry on. For many individual investors, that’s more than a meme or a message on a T-shirt. It’s become a way of life. With U.S. stocks down more than 14% and the aggregate bond market off almost 9% so far in 2022, I asked nonprofessional investors this week how they are coping with the collapse. Wall Street views individual investors as a herd of naive, unrealistic optimists who chase hot performance in good times and flee stocks at the first sign of trouble. Talk to real people and you quickly realize that’s a ridiculous caricature. Instead, many Main Street investors are methodical and thoughtful . They have been toughened by their experience of the markets’ ups and downs, much as steel is made stronger by tempering it through heating and cooling. Consider the aptly named Lyle Steelman, 43 years old, a trumpeter for the Cleveland Orchestra . He started investing in 2009, just after the end of the global financial cri...

You know the commercial that says America runs on a certain brand's coffee and donuts? In truth, America runs on diesel. Just ask a trucker, a farmer or a factory owner. And right now, they are all hurting. That's because the machines that power their businesses need diesel, which is commanding nosebleed level prices right now. At around $5.50 a gallon, diesel prices are up a whopping 75% more than last year and blew past all-time record recently. "I can pretty much count on setting on fire $5-$700 a day...minimum," says Eric Jammer, whose truck has 22 wheels, one of the largest on the road. He's used to transporting the big stuff — military and construction equipment. He once hauled an Apache helicopter. Jammer is cutting back on driving too far away from home in Houston, Texas. At the most, he hauls goods that are within a day or two from Texas. No more than that. Diesel prices have skyrocketed faster than gasoline, which has itself hit record levels. They...

As car travelers embark on trips over Memorial Day weekend, gas prices may shock them — even if they went to the pump just a few weeks ago. The average price of a gallon of gas on Friday reached nearly $4.60, up some 46 cents since a month ago, according to data compiled by AAA . For the first time, the average price for a gallon of gas exceeded $4 in all 50 states, AAA data shows. Gas prices could rise even higher over the coming weeks as the summer travel boom brings more people to the pump, industry analysts told ABC News. The spike in demand coincides with a shortage of crude oil supply amid the Russian invasion of Ukraine, which prompted a widespread industry exit from Russia that has pushed millions of barrels of oil off the market. Meanwhile, a longstanding oil supply shortage endures from a pandemic-induced production slowdown that hasn’t caught up with a bounce back in demand, the experts said. Trucks line up to fill their tankers with gas and diesel to deliver to st...

The U.S. housing market may finally be cooling off. Nearly one in five home sellers dropped their price during the four-week period ending May 22 — the highest rate since 2019, according to a weekly Redfin study published Thursday . The same four-week period saw 13% fewer "homes for sale" browser searches on Google, and a 12% year-over-year drop in home tours and other related services from Redfin agents — the largest such decline since April 2020. Meanwhile, the Market Composite Index, which tracks mortgage purchase applications, dropped 1.2% during the week ending May 20. And sales of new homes are at their lowest level since April 2020, down 16.6% from March, according to a U.S. Census Bureau report published Tuesday. Taken together, the numbers suggest that increasing homeownership costs have shrunk the pool of potential homebuyers, forcing sellers to lower their prices. The interest rate for a 30-year fixed-rate mortgage has surged by nearly 2% since January, incr...

People shop in a supermarket in Washington, DC, on May 26, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Nicholas Kamm | AFP | Getty Images The Federal Reserve's preferred inflation gauge rose 4.9% in April from a year ago, a still-elevated level that nonetheless indicated that price pressures could be easing a bit, the Commerce Department reported Friday. That increase in the core personal consumption expenditures price index was in line with expectations and reflected a slowing pace from the 5.2% reported in March. The number excludes volatile food and energy prices that have been a major contributor to inflation running around a 40-year peak. The 0.3% increase on a monthly basis was the same as March and in line with Dow Jones estimates. The monthly gain was held back by a decline in energy prices during April that has since reversed. Including food and energy, headline PCE increased 6.3% in April from a year ago. That also w...

A truck driver explains what he's doing to deal with the surge in prices.  U.S. truckers discussed the "unprecedented" diesel price surge on Thursday, noting that the situation is posing a real crunch for drivers and explained what they are doing to try and alleviate the burden.  "It’s an unprecedented first time that we’ve seen this kind of rapid escalation to this level," Peter Latta, chairman and CEO of A. Duie Pyle trucking company in New York said during an interview that aired on " Varney & Co ." on Thursday.  "It’s a key operating expense," he added.  Latta then noted that "with this kind of escalation, we try to break even on it, and sometimes you do, and sometimes you don’t." RECORD GAS PRICES FOR THIS LONG ‘UNPRECEDENTED’: AAA The CEO made the comments as the average price of  diesel has been hitting all-time highs in the United States as energy markets around the world cope with ongoing disruptions...

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Bears and bulls are common animal references used within the stock market, but what exactly does an animal have to do with stocks? Think about how each creature attacks its prey — a bull will typically raise its horns upward, while a bear will reach its head downward. And right now, the prey (ie. your investment portfolio) is being attacked in a downward motion. Last week, the markets came close to reaching bear market status as the S&P 500 index was down 20% from its high. Specifically, a bear market is when the overall stock market drops in value by 20% or more from its recent highs. The high was reached around Christmas of 2021 but quickly dipped in 2022 amid a barrage of rising inflation costs, higher interest rates and lac...