US Corn Inventories Set to Surge as Farmers Hold Out for Higher Offers
The world's greatest corn-producing country has seen many farmers hoard harvests for most of this season owing to poor pricing; yet, there are few indications that prices will rise.
Jun 19, 2024 3:10 PM EDT
US Crude Prices Climb Above $81, Rally Shows No Signs of Abating
Tuesday saw a more than 1% increase in US crude oil prices to above $81 a barrel, capping two solid days of gains as this week's surge continued.
Trump Accuses Biden of Waging 'War on Crypto,' Sparks Debate
Republican presidential nominee Donald Trump has vowed to end President Joe Biden's approach to cryptocurrency regulation and ensure that Bitcoin [BTC] remains integral to the US economy.
Bacon Prices Increase to Nearly 7% More Than Last Year
If you're trying to be frugal, you might want to consider getting a different kind of breakfast meat.
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IRS Targets Wealthy Taxpayers in Loophole Crackdown, Aims to Raise $50 Billion
By closing a significant tax loophole for affluent taxpayers, the IRS may bring in more than $50 billion in revenue over the next ten years. stated on Monday the Treasury Department.
Jun 18, 2024 9:00 PM EDT
Nationwide to Drop Up to 100,000 Pet Insurance Policies Citing Rising Vet Costs
The largest pet insurance company in the US, Nationwide, is discontinuing coverage for around 100,000 animals nationwide, citing the rising expense of veterinarian treatment as the reason for doing so in some regions.
Jun 18, 2024 8:00 PM EDT
US, Brazil Pork Producers Eye China Market as EU Faces Scrutiny
According to merchants and economists, if Beijing bans imports from the European Union due to the intensifying trade tensions, pork exporters from South America and the United States may gain market share in China.
Jun 18, 2024 7:25 PM EDT
Candy Prices May Rise as Major Ingredient Soars
A particular area of global agriculture is experiencing pricing pressure, and it's bittersweet. Over the past year, the price of cocoa has more than quadrupled, which has caused a lot of problems for confectioners and other food manufacturers that utilize the ingredient to produce chocolate.
Jun 17, 2024 7:35 PM EDT
Retail Sales Data Eyed as Investors Gauge Consumer Strength Amid Rate Hikes
High interest rates in the US are putting pressure on the retail industry. A few businesses have seen their shares skyrocket, while many others have seen their value eroded by months of strict monetary policy.
Jun 17, 2024 11:50 AM EDT
Musk's $44.9 Billion Tesla Pay Package Dwarfs Typical CEO Compensation
Even though the median U.S. CEO's pay package from the previous year was about 200 times more than that of an employee in the middle of their company's pay range, Elon Musk's record-breaking Tesla salary pales in comparison.
Jun 17, 2024 7:57 AM EDT
Millions Face IRS Deadline: Late Payment Could Cost Hundreds
It's possible that some taxpayers won't realize they owe the IRS money on Monday, which might mean they owe them a sizable sum in April of next year.
Jun 15, 2024 7:44 AM EDT
US Industries Demand Hearing on New China Tariffs Imposed by Biden
Numerous pro-trade American industry associations have requested an extension of one month for the Biden administration to provide feedback on their intentions to apply higher tariffs to Chinese imports of solar equipment, electric cars, batteries, and other items. This basically means that the start date of many of the penalties has been postponed until August 1.
Jun 15, 2024 7:02 AM EDT
Is the Bond Market Bloodbath Over? Why Now Might Be the Time to Jump In
Bonds have diverged from their traditional role for several years, a trend largely attributed to the Federal Reserve's efforts to combat inflation by raising interest rates to levels not seen in 23 years
Jun 14, 2024 1:50 PM EDT
India: How to Tap the World's Fastest-Growing Major Market
By 2027, India's economy is expected to overtake both Japan and Germany to become the third biggest in the world. This bodes well for investors as it indicates possible opportunities. I
Jun 14, 2024 10:43 AM EDT
Investors Eye Other Precious Metals for High Prices
In 2024, the price of gold has been rising rapidly, setting a new record in late May. According to figures from the World Gold Council, gold prices have increased by around 13.5% this year until early June, even if they have dropped slightly below the $2,400 per ounce threshold.
Jun 14, 2024 9:41 AM EDT
Homeowners Insurance Prices Soar as Weather Extremes, Inflation Bite
According to S&P Global Market Intelligence, home insurance prices increased by 11.3% on average across the US in 2023, with increases of more than 20% observed for owners in Arizona, Texas, and Utah.
Jun 13, 2024 6:43 AM EDT
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