Market is Price

Summary Companies should remain in Germany, keep jobs to use brake Gas price to be capped to 7 cents per Khw for companies Limits to apply from March 2023 for households, small firms BERLIN, Oct 30 (Reuters) - The German government is likely to insist companies that benefit from a planned "brake" on gas prices meet conditions, such as staying in the country or preserving 90% of the jobs they provide for a year, sources familiar with matter told Reuters. Berlin last month set out an energy relief package, including a gas price brake and a cut in fuel sales tax to help households and small and medium-sized business (SMEs). The brake, which sets a certain price, differs from attempts to cap market prices, a measure the European Union has debated for weeks and been unable to agree, in part because of opposition from Germany that says it could make it harder to source supplies. Berlin has mean...

Summary Grain purchases for Ukraine sea ports stop, broker says Drought and torrential rain disrupt southern hemisphere supplies Exports increasing from Russia PARIS, Oct 30 (Reuters) - Wheat futures are expected to leap on Monday as Russia's withdrawal from a Black Sea corridor agreement puts Ukrainian exports at risk, analysts said. Moscow suspended its participation in the Black Sea deal on Saturday, in response to what it called a major Ukrainian drone attack on its fleet in Russian-annexed Crimea. Kyiv said Russia was making an excuse for a prepared exit from the accord while Washington accused Moscow of weaponising food. Wheat markets have been very sensitive to developments in Moscow's eight month-old invasion of Ukraine, as both countries are among the world's largest wheat exporters. Ukraine is also a major corn supplier. The establishment of the corridor, which allowed over...

Just two days earlier, AAA had pegged the national average price for regular gasoline at $3.79 a gallon—a full 50 cents higher. It’s a gap so large that one might wonder if the number might be wrong or taken out of context. It isn’t, provided you take it literally: It isn’t the average. It’s the actual price on display at more gas stations in the country than any other price. The statistic comes from GasBuddy, a gas-price app that has emerged as a popular commentator and data provider on gas-price trends. With the price of gas a key issue in the midterm elections, it’s worth exploring how the price can differ depending on whether you specify the average, the median (half of stations charge more, half charge less) or the mode—the most common, which the Biden administration cites. “Neither one is right or wrong," said Patrick De Haan, the head of petroleum analysis at GasBuddy, referring to the different measures of typical gas prices. “There’s just other angles to the story...

An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States on May 11, 2022. Anadolu Agency | Anadolu Agency | Getty Images A perfect storm is taking place in the diesel market, with dwindling diesel reserves, a drought on the Mississippi River pushing more product to rail and truck, and a possible rail strike leading to a surge in prices that is expected to continue. Diesel prices have increased by 33% for November deliveries. "The national average price for diesel today is $5.30 per gallon and is expected to go up 15 to 20 cents in the next few weeks," said Andy Lipow, president of Lipow Oil Associates, LLC. Reserves for diesel this time of year have not been this low since 1951, with the greatest shortfall in the Northeast region including New York and New England. "This is not only constricting the ability of farmers to export the soybeans and grain they grow but also to receive the fuel and fertilizer they n...

[unable to retrieve full-text content] Stock Market Today: Dow, S&P Live Updates for Oct. 28    Bloomberg from "market" - Google News https://ift.tt/MCTO5oj via IFTTT

What's happening The Post Office intends to increase the price of first-class stamps from 60 cents to 63 cents starting in late January 2023. Why it matters The rate hike reflects the agency's attempts to stem staggering debt: Postmaster General Louis DeJoy estimates the USPS will fall $1 billion short by the end of 2022. To account for ongoing inflation and climb out of debt, the US Postal Service is planning on raising the price of first-class stamps next year, the agency announced this month . Pending approval from the Postal Regulatory Commission, first-class Forever stamps will increase by three cents, from 60 cents to 63 cents, starting in late January 2023. The USPS has been facing massive cost overruns: Postmaster General Louis DeJoy has said that, by the end of 2022, it will exceed its planned budget by more than $1 billion. Even with the new rates, "the prices of the U.S. Postal Service remain among the most affordable in the world," the USPS said  ...

Weak economic growth, rising inflation and a strong dollar have taken a toll on the tech giants that have an outsize impact on the stock market. S&P 500 - % Dow - % Nasdaq - % As of Data delayed at least 15 minutes Source: FactSet Technology stocks wavered on Wednesday after a series of disappointing earnings reports from industry heavyweights rattled investors. The tech-heavy Nasdaq fell sharply at the open, mounted a brief recovery and then slipped 1.2 percent in midday trading. The S&P 500 fell 0.2 percent. Taking a step back, the Nasdaq has lost over 29 percent of its value this year, versus a 19 percent decline in the broad-based S&P 500. Technology companies were some of the biggest winners during the early stages of the pandemic, as people’s lives moved online, but growth is becoming harder to generate. After the market closed on Tuesday, Microsoft reported its slowest revenue growth in five years and suggested that the difficu...

[unable to retrieve full-text content] U.S. home-price growth slows most on record as market hits brakes    The Seattle Times Home Prices Fell in August in Biggest Monthly Decrease Since 2011    The Wall Street Journal Home price growth slows further in August    HousingWire Home prices cooled at a record pace in August, S&P Case-Shiller says    CNBC View Full Coverage on Google News from "price" - Google News https://ift.tt/BE6YLd2 via IFTTT

WASHINGTON, Oct 25 (Reuters) - U.S. single-family home prices fell sharply on a monthly basis in August as surging mortgage rates dampened demand for housing, closely watched surveys showed on Tuesday. The S&P CoreLogic Case Shiller national home price index dropped 0.9% on a seasonally adjusted basis after slipping 0.5% in July. Monthly house prices decreased in July for the first time since late 2018. House prices increased 13.0% on a year-over-year basis in August, slowing from July's rise of 15.6%. "As the Federal Reserve moves interest rates higher, mortgage financing becomes more expensive and housing becomes less affordable," Craig Lazzara, managing director at S&P DJI, said in a statement. "Given the continuing prospects for a challenging macroeconomic environment, home prices may well continue to decelerate." The cooling house price inflation was underscored by a separate repo...