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July 30, 2021

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Oil prices drop, but on track for steep weekly gain

Reuters
Brent, WTI both on track for about 2% weekly gains Vaccines likely to mitigate Delta’s impact on demand -analysts SINGAPORE, July 30 (Reuters) – Oil prices dropped on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate......

U.S. pending home sales decline in June as prices climb

Reuters
A “For Sale” sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, U.S. May 14, 2021. REUTERS/Karen Ducey July 29 (Reuters) – Contracts to purchase previously owned U.S. homes declined in June in step with a spike in home prices after rebounding strongly in......

Oil giant Shell raises dividend and launches $2 billion share buyback as commodity prices soar

CNBC
CNBC – For more and to sign up click here A Shell logo seen at a petrol station in London. A court in The Hague has ordered oil giant Shell to reduce its carbon emissions by 45% compared to 2019 levels by 2030, in what is widely seen as a......

France’s TotalEnergies to buy back shares as fuel prices boom

Reuters
PARIS, July 29 (Reuters) – France’s TotalEnergies (TTEF.PA) said on Thursday it would use part of its cash flow for share buybacks, as rising oil and gas prices boosted profit and helped to offset the hit from selling out of one of its Venezuelan ventures at a loss. TotalEnergies has......

Shipping prices may be heading higher but are ‘not super yet,’ analysts say

CNBC
CNBC – For more and to sign up click here A ship unloader unloads iron ore at a dock in Suzhou, Jiangsu province, China, April 6, 2021. Costfoto | Barcroft Media | Getty Images Shipping rates may be rising, but they are “not super yet,” according to one analyst. Dry......

Home prices broke records in May, according to S&P Case-Shiller

CNBC
CNBC – For more and to sign up click here A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Home prices continue to break records, as strong demand slams up against weak supply. Nationally, prices in......

IPOs are on track for a record year as companies cash in on sky-high stock prices

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters (Click here to subscribe to the new Delivering Alpha newsletter.) Initial public offerings have come roaring back, on track for a record year......

Companies from Chipotle to Whirlpool are raising prices on consumers because of higher costs

CNBC
CNBC – For more and to sign up click here A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Consumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs......

Here’s how to tap your house for cash as home prices soar

CNBC Real Estate
Soaring home prices are making many homeowners wealthier and wealthier. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. That represents an average gain of $33,400 in just that one year period.......

Blockchain start-ups raised a record $4.4 billion in the second quarter despite the slump in crypto prices

CNBC
CNBC – For more and to sign up click here An illustration showing the cryptocurrency bitcoin with a price chart in the background. STR | NurPhoto via Getty Images Funding for blockchain start-ups topped $4 billion for the first time in the second quarter, despite a sharp slump in cryptocurrency......

Oil prices rise on signs of tightening supplies

Reuters
Demand seen outstripping supply in second half of year U.S. inventories rise for first time since May – EIA LONDON, July 22 (Reuters) – Oil prices rose on Thursday, extending strong gains made in previous sessions on expectations of tighter supplies until the end of the year as economies recover......

Tips to save money and shop smarter with surging prices

CBS News
CBS News – For more and to sign up click here Tips to save money and shop smarter with surging prices – CBS News Watch CBSN Live USA Today economic opportunity reporter Charisse Jones joins “CBS This Morning” to share tips on how to shop smarter as we continue to......

Oil rebounds as market seizes on discounted prices

Reuters
Bottom-picking after 7% slump on Monday amid COVID-19 concerns U.S. crude inventories expected to fall for 9th straight week OPEC+ deal to boost oil supply adds pressure Coming Up: API weekly oil inventory data at 4:30 pm ET/2030 GMT NEW YORK, July 20 (Reuters) – Crude oil futures rebounded on......

Travel prices and crowds are surging — but not at these U.S. destinations

CNBC
CNBC – For more and to sign up click here Many Americans are seeking quiet, secluded trips to the great outdoors this year — only to find millions of others are doing the exact same thing. Travelers hoping to avoid the throngs in cities and theme parks are finding themselves......

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