Category: Prices
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Bank of England says global asset prices remain ‘stretched’ By Reuters
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By David Milliken and Suban Abdullah LONDON (Reuters) – Global asset prices remain under pressure and are vulnerable to a significant decline as investors become more concerned about geopolitical risks, the Bank of England said on Wednesday. The Bank of England said overall risks to British financial stability were unchanged…
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Iran’s Missile Strike On Israel Shakes Crypto Market, Prices Plummet
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Bitcoin fell more than 6% early Tuesday as a result of the Iranian missile attack on Israel, which intensified. Tensions in the Middle East. Once the cryptocurrency market opened up, Bitcoin dropped to its current level, just under $61,000. Bitcoin It actually fell from around $62,200 earlier in the day,…
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Iran’s Missile Strike On Israel Shakes Crypto Market, Prices Plummet
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Bitcoin fell more than 6% early Tuesday as a result of the Iranian missile attack on Israel, which intensified. Tensions in the Middle East. Once the cryptocurrency market opened up, Bitcoin dropped to its current level, just under $61,000. Bitcoin It actually fell from around $62,200 earlier in the day,…
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U.S. September ISM Manufacturing PMI Prices Index Contracted for the First Time This Year
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The September US ISM Manufacturing PMI survey came in weaker than expected, with the index remaining flat at 47.2 to reflect the same pace of industry contraction rather than improving to expectations of 47.6. This was the sixth month in a row that the index remained below 50.0, with the…
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Wet weather drives UK retailers to slash prices in September
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UK retailers have announced the biggest drop in store prices in three years, as unseasonably wet weather in September prompted stores to offer deep discounts in a bid to attract shoppers. According to the latest figures from the British Retail Consortium (BRC) and NielsenIQ, shop prices fell by 0.6% year-on-year,…
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Gasoline prices in Israel to fall for third straight month
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From the beginning of 2024 until September 1, the maximum price of government-controlled 95 octane gasoline at self-service pumps would have risen by NIS 0.22 from NIS 6.94 at the end of 2023. The Ministry of Energy and Infrastructure announced that the maximum price of government-set 95 octane gasoline at…
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Royal jeweller cuts prices by 20% to counter impact of tourist tax
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Kiki McDonough, a favourite jewellery designer of Princess Diana, Kate Middleton and Queen Camilla, has cut the prices of her products by 20% in an attempt to offset the effects of the so-called “tourist tax”. This summer, McDonough offered the discount to American and Australian shoppers, aiming to soften the…
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Regulator stopped from fixing car insurance prices
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The Court of Appeal has barred the Insurance Regulatory Authority from setting minimum premium rates for motor vehicle insurance, saving customers the cost of doubling their underwriting fees. The Court of Appeal found that the Individual Retirement Administration’s 2009 auto insurance guidelines, which set the minimum premium at seven per…
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People’s Bank of China Governor says must support steady recovery of prices, economy
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Governor of the People’s Bank of China Pan Gongsheng: Monetary and fiscal policies must be coordinated. It should support a steady recovery in prices in the economy. By the end of the year, we may further reduce the RRR. After the reduction in the reserve requirement ratio, the weighted financial…
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3 reasons there are still higher prices to come for Gold – UBS target US$2700
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Gold hit an all-time high on Monday, and UBS is looking for more upside ahead. 1. The Fed’s recent 50 basis point rate cut has boosted enthusiasm for gold by lowering the opportunity cost of holding non-yielding assets. This is expected to be the start of a broader easing cycle,…
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Monday morning open levels – indicative forex prices – 23 September 2024
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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U.S. gasoline prices poised to drop below $3/gallon ahead of election, analysts say
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SlavkoSereda/iStock via Getty Images Crude oil futures ended a volatile week with modest gains, as the disruption of U.S. offshore production due to Hurricane Francine offset longer-term concerns about the demand outlook highlighted by OPEC, the U.S. Energy Information Administration and the Paris-based International Energy Agency, which all cut their…
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Home prices almost never fall
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There are three certainties in life: death, taxes, and ever-rising home prices. The latter is less certain, of course, because there have been moments in American history when prices have fallen, but they are rare. So much so that you can only pinpoint two recent eras when home prices have…
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Warren Buffett’s $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
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Occidental Petroleum shares have fallen 29% since mid-April, weighing on Warren Buffett’s stake in the company. This decline is in line with a 23% drop in crude oil prices due to concerns about demand and excess supply. Berkshire Hathaway’s $13 billion stake in Occidental Petroleum may be underwater, according to…
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Pyrethrum extract prices rebound to a record high on weak shilling
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The price of pyrethrum extract, the main product obtained from processing pyrethrum flowers, jumped 38.8 percent last year to an all-time high, due to the weak shilling. Data from the Agriculture and Food Authority shows that the average price per kilogram of the extract was Sh37,500 in 2023, up from…
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Room to hike Kors prices seen in Tapestry-Capri merger, executive testifies By Reuters
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Written by Siddharth Kavali NEW YORK (Reuters) – Fashion retailer Tapestry Holdings Inc has room to raise prices and cut discounts on rival Capri’s Michael Kors brand if the two companies merge, a top executive at the company said on Tuesday, as regulators seek to block the $8.5 billion deal.…
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Used EV prices have fallen far below gas vehicles
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The backlash against electric cars is on its way. As electric car manufacturers cut prices on new models, used electric cars are now 11% cheaper than gasoline models, According to iSeeCars data. A study of 1.6 million used cars (between one and five years old) sold between August 2023 and…
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Used EV prices have fallen far below gas vehicles
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The backlash against electric cars is on its way. As electric car manufacturers cut prices on new models, used electric cars are now 11% cheaper than gasoline models, According to iSeeCars data. A study of 1.6 million used cars (between one and five years old) sold between August 2023 and…
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Oil prices up since opening for the week – potential hurricane getting narrative love
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Oil prices up since opening for the week – potential hurricane getting narrative love
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…