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October 25, 2021

PRICES

Cathie Wood disputes Jack Dorsey’s hyperinflation warning, says prices will fall after holidays

CNBC
CNBC – For more and to sign up click here Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images Innovation investor Cathie Wood on Monday rebutted......

Biden has few options to combat surging gas prices as voters grow concerned about inflation

CNBC
CNBC – For more and to sign up click here A view of a petrol station as US oil prices hit their highest levels since 2014 due to the deepening energy crisis in global markets, in Washington, United States on October 7, 2021. Yasin Ozturk | Anadolu Agency | Getty......

China to investigate energy index providers in bid to tame coal prices

Reuters
China thermal coal prices close down 7% on Monday NDRC says it will probe coal and energy index providers Says coal stocks at power plants up 17 mln T from end-Sept Urges coal firms to strictly meet contractual obligations BEIJING, Oct 25 (Reuters) – China said on Monday it will......

Aurubis optimistic despite impact of pandemic, chip crisis, energy prices

Reuters
A mine employee shows a piece of copper ore at the Kilembe mines, in the foothills of the Rwenzori Mountains, 497km (309 miles) west of Uganda’s capital Kampala, January 31, 2013. REUTERS/James Akena HAMBURG, Oct 25 (Reuters) – Aurubis AG (NAFG.DE), Europe’s largest copper producer, remains confident it will achieve......

Oil prices on the march again in tight market; U.S. crude at 7-yr high

Reuters
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, U.S., March 24, 2016. REUTERS/Nick Oxford WTI touches highest since Oct 2014, Brent near 3-yr high Speculators raise U.S. crude oil net long positions -CFTC U.S. oil & gas rig count falls for first......

Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world

CNBC
CNBC – For more and to sign up click here Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Twitter co-founder......

Jeffrey Gundlach says inflation will stay above 4% through 2022

CNBC
CNBC – For more and to sign up click here Billionaire bond investor Jeffrey Gundlach said Friday that inflation in consumer prices likely will remain elevated through 2021 and stay above 4% through at least 2022. Citing pressures from shelter costs and rising wages, the head of DoubleLine Capital told......

HSBC has some strategies for investors to overcome the ‘wall of worry’

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CNBC – For more and to sign up click here The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — HSBC Asset Management has shared a raft of advice with clients looking to navigate the current “wall of worry” facing global......

Biden expects gasoline prices to fall in 2022

Reuters
U.S. President Joe Biden delivers remarks on infrastructure legislation at the Electric City Trolley Museum in Scranton, Pennsylvania, U.S. October 20, 2021. REUTERS/Jonathan Ernst WASHINGTON, Oct 21 (Reuters) – President Joe Biden said on Thursday he expects gasoline prices to fall in 2022 and that any further price reduction depends......

Chipotle earnings crush estimates as sales jump 22%, higher menu prices offset rising costs

CNBC
CNBC – For more and to sign up click here A customer carries a Chipotle Mexican Grill Inc. bag outside a restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Thursday reported quarterly earnings that crushed......

PG Tips and Cornetto maker Unilever warns prices will rise

BBC
https://www.bbc.co.uk/news/business-58993467?at_medium=RSS&at_campaign=KARANGA Mark Derry, executive chairman of Brasserie Bar Co, which owns the Brasserie Blanc chain of restaurants and whose chef patron is Raymond Blanc, told the BBC that while trading was holding up well, costs were rising which means it would have to raise prices for diners. BBC – For......

Why are energy prices soaring?

BBC
https://www.bbc.co.uk/news/business-58849727?at_medium=RSS&at_campaign=KARANGA Energy prices are spiking around the world, with blackouts in China, factories temporarily halted in both Europe and the US and consumers facing soaring electricity and gas bills. We explore what’s driving a perfect storm for energy costs. Words and video by Jeremy Howell BBC – For more and......

These high-yielding investments can protect against inflation risk, market analysts say

CNBC
CNBC – For more and to sign up click here The hunt for yield has intensified. Investors are turning to alternative securities for income as inflation concerns grow and Treasury yields remain relatively low — and some may be worth considering, market analysts say. They include short-duration inflation-protected securities, which......

Biden v Big Meat: Can the US tackle rising beef prices?

BBC
https://www.bbc.co.uk/news/business-58659478?at_medium=RSS&at_campaign=KARANGA The Biden administration is moving forward with its plans. In September, it said it would give $1.4bn of additional aid to small producers, processors, distributors, farmers markets, seafood processors and food and farm workers affected by Covid or extreme weather, to make the US food supply chain more resilient.......

October may have a bad reputation, but stocks are entering a normally positive period

CNBC
CNBC – For more and to sign up click here A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 9, 2021. Andrew Kelly | Reuters October may have a bad reputation, but the fourth quarter has mostly been a positive time......

Euro zone inflation hits highest level in 13 years as energy prices soar

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CNBC – For more and to sign up click here Steam rises from the cooling towers of the Lippendorf power plant south of Leipzig, Germany. picture alliance | picture alliance | Getty Images LONDON — Euro zone inflation hit its highest level in 13 years in September, as the bloc......

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