Commentary The following news reports have all been published in the current month: “Fertilizer stocks are coming back to earth, dragged down by falling crop prices.” “Higher food and energy prices are expected to dominate a divisive G20 meeting later this week.” “Rampant food inflation is roiling the world’s least-developed nations. It is also hitting…
Putin Warns West: Sanctions Risk Energy Price Spike Catastrophe
July 8, 2022
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Business & MarketscommoditieseconomyEuropeGasinflationInternationalMarketsOilpricesPutinRussiaRussia-Ukraine WarWorld
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LONDON—President Vladimir Putin warned the West on Friday that continued sanctions against Russia over the war in Ukraine risked triggering catastrophic energy price rises for consumers around the world. Putin, who casts the sanctions imposed on Russia as a declaration of economic war, said that Western calls to reduce reliance on Russian energy had made…
A Reliable Method to Compare Prices of Toilet Paper
Over the years, I’ve received thousands of money-saving tips from readers — many of which I’ve shared in books, newsletters and this column. And there are plenty that I’ve not shared for a variety of reasons, but mostly because they don’t work. Some work so poorly, they actually end up costing time and money, not…
Ukraine War’s Disruption Sends Agriculture Input Prices up Nearly 10 Percent in First Quarter: Eurostat
July 1, 2022
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agricultureBusiness & MarketscommoditiescrisiseconomyEuropeEurostatInputInternationalMarketspricesRussia-Ukraine WarUkraineWorld
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Ukraine’s war has significantly disturbed global agricultural markets by sharply driving up prices of key products and inputs such as fertilizer and animal feed, the European Union’s statistics office said on Friday. Eurostat data showed that the average price of goods and services currently consumed in agriculture increased by 9.5 percent in the first quarter…
European Natural Gas Prices Surge as Russia Closes Taps
June 20, 2022
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Business & Marketscommoditieseconomic policieseconomyEuropeinflationInternationalMarketsNatural gaspricesRussia-Ukraine WarWorld
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European natural gas prices jumped over 7 percent intraday Monday, building on last week’s sharp rally as Russia’s supply cuts drove concerns about critical shortages and rationing. The European benchmark for natural gas, the Dutch TTF front-month gas futures contracts, were up 7.442 percent at 126.5 euros per megawatt-hour as of 8:44 a.m. on June…
John McNabb: What People Want Is a Leader in This Country
June 10, 2022
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201620222022 Midterm Elections20242024 electionChinaChina InsiderelectionEpochTVinflationjohn mcnabbleadershipPoliticspricesThreat from Communist ChinaTrumpUSUS-China relationsvote
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“Blue-collar workers’ been damaged,” says John McNabb, the former co-chairman of the 2016 Trump leadership council. That’s because gas and food prices are rising. What he thinks the country needs going into 2022 and 2024 is a leader who can return America to its position of strength. Our interview focuses on his 2016 work in…
Rising Mortgage Rates Prompt Downward Revision to Home Price Forecasts
A sharp run-up in mortgage rates has prompted speculation about possible cooling in house prices in the red-hot U.S. market, with real estate research firm Zillow lowering its home price forecast for 2023 by 1.6 percentage points. Home prices have been on a tear amid broader inflationary pressures in the U.S. economy, with the most…
Wheat Prices Soar on Ukraine Fears, but US Growers Can’t Cash in
March 23, 2022
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Business & Economyeconomic policieseconomyEuropeinflationInternationalMarketspricesriseRussiaRussia-Ukraine WarUkrainewheatWorld
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CHICAGO—After Russia’s invasion of Ukraine sent global wheat futures soaring, U.S. farmer Vance Ehmke was eager to sell his grain. Local prices shot up roughly 30 percent to nearly $12 a bushel, about the highest Ehmke could recall in 45 years of farming near the western Kansas town of Healy. Instead of reaping a windfall,…
Gas Prices Are Highest in Democrat-Led States
March 14, 2022
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Business & EconomyCompaniesDemocrat-LedeconomyGashighestinflationLocal NewsPoliticspricesRegional-Local NewsstatesUSUS News
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While all Americans are feeling the pain at the pump, some are paying more than others. Gas prices are highest in Democrat-led states, according to a list of average gas prices by state published by AAA. The top five states with the most expensive average cost of regular gasoline per gallon are led by Democratic…
Goldman Sachs Cuts US Growth Forecast as Commodity Prices Bite
SINGAPORE—Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia’s invasion of Ukraine will hurt spending. The investment bank cut its annualized growth forecast to 2.9 percent against a previous expectation of 3.1 percent. It expects fourth-quarter real gross domestic product growth…
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