Category: Prices
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Falling Pump Prices Blunt Trump’s Inflation Attacks on Harris
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Breadcrumbs Path Links PMN Business Steadily falling gasoline prices are providing a boost to Vice President Kamala Harris’s campaign for the nation’s top job as Donald Trump seeks to anger consumers tired of inflation by attacking her energy record. Article author: Bloomberg News Ari Natter and Julia Vanzeres Published on…
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U.S. August ISM Manufacturing PMI Remained in Contraction Despite Uptick in Prices
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The US ISM manufacturing PMI for August came in at 47.2, up from the previous month’s reading of 46.8 but below the consensus of 47.5, reflecting a slowdown in the pace of manufacturing contraction. The report’s components revealed that the price index rose from 52.9 to 54.0, while the employment…
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PJM capacity prices could soar again in next auction, Morgan Stanley says (NYSE:VST)
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Gargolas/iStock via Getty Images Power prices for most of the PJM Interconnection coverage area could reach a price ceiling of $695 per megawatt per day, More than double A record high of $270 per megawatt-hour per day at PGM’s July capacity auction, driven by tight power supplies, Morgan Stanley said…
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Vivo Energy half-year sales drop by Sh2bn amid record fuel prices
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Vivo Energy’s revenue in the Kenyan market fell by $16 million (Sh2.06 billion) in the first half of 2024, as record high fuel prices hit demand. The multinational said its Kenyan unit generated revenue of $769 million (Sh99.16 billion) during the six months, compared to $785 million (Sh101.22 billion) a…
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U.S. Core PCE Prices Held Steady in July as Consumer Spending Rises
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The latest US economic data suggests that inflation will remain stable in July 2024, while consumer spending will increase, according to figures released today by the Bureau of Economic Analysis (BEA). The core personal consumption expenditures (PCE) price index, a key inflation gauge closely watched by the Federal Reserve, rose…
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Gasoline prices in Israel to fall Saturday night
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The Israeli Ministry of Energy and Infrastructure announced that the maximum price of government-controlled 95-octane gasoline at self-service stations in Israel will be reduced as of midnight on Saturday, September 1, by NIS 0.19 per liter to NIS 7.29 per liter. The Israeli Ministry of Energy and Infrastructure announced that…
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Wait Until Q4 2024 for BTC Prices to Rally
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Looking at the formation on the daily chart, Bitcoin bulls are struggling to gain momentum. Despite the expansion on August 8, and the reversal of losses on August 5, buyers have not followed through, which means traders are waiting for further confirmation before entering the trade. The lack of activity…
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Gold prices could surge to $2,600 an ounce as us interest rate cut looms
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Gold could rise to $2,600 an ounce after hitting a new record high, as traders increasingly expect the US Federal Reserve to cut interest rates next month. On Sunday, spot gold broke through $2,500 an ounce for the first time, extending a rally that has seen the precious metal rise…
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Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
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Bitcoin has signaled the end of miner capitulation, as indicated by the popular Hash Ribbons indicator, according to analysts at on-chain data and analytics platform CryptoQuant. Analysts comment This comes as the leading cryptocurrency retested the $59,000 level. However, the cryptocurrency has struggled over the past week, with Bitcoin falling…
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Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
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Bitcoin has signaled the end of miner capitulation, as indicated by the popular Hash Ribbons indicator, according to analysts at on-chain data and analytics platform CryptoQuant. Analysts comment This comes as the leading cryptocurrency retested the $59,000 level. However, the cryptocurrency has struggled over the past week, with Bitcoin falling…
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Uranium prices outlook for 2024 as per Citi By Investing.com
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Prices have been under pressure recently, trading in a tight range and slightly lower due to limited trading volume and liquidity. However, as analysts at Citi Research noted in a note dated Monday, this weakness in uranium prices is expected to ease as demand for nuclear power continues to rise,…
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Oil prices no longer baking-in geopolitical risk premium for current ME conflict By Investing.com
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Oil prices have remained surprisingly stable despite rising geopolitical tensions in the Middle East, particularly in the wake of major violent incidents involving Hamas and Hezbollah leaders, Wells Fargo analysts said in a note dated Monday. These events, taking place in sensitive areas such as Tehran and Beirut, have exacerbated…
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Rising Prices, Rising Risks: Crypto Hacks Skyrocket To $1.6 Billion, Report
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Cryptocurrency investors and platforms face a growing threat as the value of cryptocurrency hacks nearly doubled in the first seven months of 2024, reaching $1.6 billion, According to According to a new report from blockchain analytics firm Chainalysis. Cryptocurrency Theft Will Rise Dramatically in 2024 While the monetary value of…
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Rising Prices, Rising Risks: Crypto Hacks Skyrocket To $1.6 Billion, Report
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Cryptocurrency investors and platforms face a growing threat as the value of cryptocurrency hacks nearly doubled in the first seven months of 2024, reaching $1.6 billion, According to According to a new report from blockchain analytics firm Chainalysis. Cryptocurrency Theft Will Rise Dramatically in 2024 While the monetary value of…
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Staycations boost Israeli hotel occupancy as prices soar
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The long summer vacation is upon us, and many Israelis are choosing to spend their vacations at home rather than abroad, amid the national mood, reluctance to travel abroad due to the war, and uncertainty about air travel as many foreign airlines cancel flights. There may be no foreign tourists…
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Fuel prices unchanged for first time since December last year
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Fuel prices remained steady for the first time this year, ending months of consecutive price cuts that consumers have enjoyed since December last year. The Energy and Petroleum Regulatory Authority (EPRA) has kept the pump prices of a litre of petrol and diesel unchanged at Sh188.84 and Sh171.60 respectively in…
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Taylor Swift ticket prices plummet by 90% in last-minute resale market, patience proves key
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The second-hand ticket market for Taylor Swift’s upcoming Wembley Stadium concert has seen huge price drops, with some tickets dropping by more than 90% from their initial resale prices. Fans who held their nerve and waited until the last minute found themselves in an excellent position to get cheaper tickets.…
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Oil prices dip as OPEC cuts demand forecast, economic cues awaited By Investing.com
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Oil prices fell in Asian trading on Tuesday, reversing last week’s rally, as a series of economic signals this week raised caution, while OPEC also cut its forecast for demand growth in 2024. Prices rose sharply from their lowest levels in more than seven months as fears of an escalating…