The first half of 2022 has been a historically bad stretch for markets, and the carnage hasn’t been limited to stocks. As stocks and bonds have sold off in tandem, investors who for years have relied on the 60-40 portfolio – named because it involves holding 60% of one’s assets in stocks, and the remaining…
It’s a cool breeze during a hot moment, but it’s not the summer weather. As record-breaking numbers of Americans pack their cars and travel to Fourth of July barbecues that will cost them more than last year, they’ll fill up at gas stations where they are likely to be paying just a little less at…
Read More “Gas prices edge down just in time for July Fourth travel – here’s why” »
Commodities have performed well so far this year, buoyed by strength in oil on the back of tight supplies, but worries that the economy is headed for a recession has fed losses among the industrial metals. In Thursday dealings, the S&P Goldman Sachs Commodity index XX: SPGSCI trades more than 30% higher so far this…
Read More “Energy leads commodities surge with oil up roughly 50% in first half of 2022” »
In the wake of Russia’s invasion of Ukraine, a host of major US corporations described their efforts to exit the country. With the war about to enter its sixth month, the Moral Rating Agency has released new data surveying 114 of the largest companies in the world involved with Russia at the time of its…
President Joe Biden’s ambitious plan to address climate change hit a major hurdle as the Supreme Court on Thursday ruled to restrict federal reach in controlling emissions at power plants and beyond. The court, whose conservative majority has already shown reluctance in broadening federal agency scope, considered the Environmental Protection Agency’s (EPA) authority to regulate…
Read More “Supreme Court limits EPA’s role in combating climate change” »
Millions of Americans will be driving from sea to shining sea over the Fourth of July weekend, historically high gas prices be damned! That’s according to AAA’s Independence Day travel forecast, which expects a record 42 million people to hit the road during the holiday weekend spanning June 30 to July 4, even as national…
Read More “Fourth of July travel: 42 million people to hit the road, despite gas prices” »
It’s time for your teen to buy a car. You’ll want to set some ground rules. The last thing you want is to put your child into the driver’s seat of the wrong car. The best way to avoid disagreements is to set clear expectations and boundaries with your teen before the car browsing begins….
The natural gas that lights popular gas stoves for both home and professional cooks contains low concentrations of several pollutants and chemicals linked to cancer, a new study has found. The study, by the Harvard TH Chan School of Public Health and published this week in the journal Environmental Science & Technology, is the latest…
A previous version of the story included an incorrect time reference regarding crude stocks in the US SPR. Stocks in the reserve are below 500 million barrels for the first time since 1986. Oil futures settled lower on Wednesday, easing back after three consecutive session gains, even as a more than three million-barrel drop in…
Energy stocks have been the star investment this year. Now it’s time to sell them and electrify your portfolio before investors once again focus on the industry’s long-term headwinds. There are a host of headwinds that could threaten the surge: rising recession risk, consumer backlash from the high price of gasoline, and the push to…
