Wall Street closed sharply lower after the Federal Reserve stepped up its fight against inflation by raising interest rates. The S&P 500 lost 1.7 percent Wednesday, as did the Dow Jones Industrial Average. The Fed’s fifth rate hike of the year came in as expected, three-quarters of a percentage point, but the central bank also…
Lessons From Ireland’s Rental Crisis
September 21, 2022
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On Aug. 1, only 716 homes were available for rent in the whole of Ireland, a country of five million people. The result? In one instance, hundreds of hopeful renters were photographed—by podcaster Conor Finn—waiting outside a property in Dublin. “Been here almost 30 mins, barely any movement, and 50+ more have joined the queue,”…
How to Cope With Higher Interest Rates
September 21, 2022
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For most of 2022, the financial markets have been bleeding red ink, driven by rising interest rates, high inflation, and recession fears. The Federal Open Market Committee, the policy-making arm of the Federal Reserve, raised interest rates by 75 basis points following its two-day meeting on Sept. 20–21. Based on the language coming out…
Fed Boosts Rates Again: Here’s How to Cope With Higher Interest Rates
September 21, 2022
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For most of 2022, the financial markets have been bleeding red ink, driven by rising interest rates, high inflation, and recession fears. The Federal Open Market Committee, the policy-making arm of the Federal Reserve, raised interest rates by 75 basis points following its two-day meeting on Sept. 20–21. Based on the language coming out…
How Major US Stock Indexes Fared Tuesday Sept. 20, 2022
Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve. The S&P 500 fell 1.1 percent Tuesday. The Nasdaq composite and the Dow Jones Industrial Average also lost ground. Treasury yields were mostly higher. Traders are waiting to see how high the Fed will raise interest rates…
Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 20)
September 20, 2022
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Benchmark U.S. crude oil for October delivery fell $1.28 to $84.45 a barrel Tuesday. Brent crude for November delivery fell $1.38 to $90.62 a barrel. Wholesale gasoline for October delivery fell 1 cent to $2.45 a gallon. October heating oil rose 6 cents to $3.37 a gallon. October natural gas fell 3 cents to $7.72…
US Giant BlackRock Buys New Zealand ‘Virtual Power Plant’ for $60 Million
September 19, 2022
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U.S. investment giant BlackRock will buy New Zealand rooftop solar company solarZero, for NZ$100 million (US$60 million) as part of its wider clean energy push into the Asia-Pacific region. Founded in 2008, solarZero says it has built the region’s largest “virtual power plant” and installed systems on over 9,000 homes. The company’s business model is…
Investing in Our Oceans
By Ellen Kennedy From Kiplinger’s Personal Finance Like all investors, those who are focused on sustainability are looking for ways to hedge inflation and deliver long-term value in today’s economy. Two new exchange-traded funds stand out—the first by providing active management in the often-overlooked specialty of ocean health, and the second by investing in futures contracts…
How Major US Stock Indexes Fared Monday Sept. 19, 2022
Stocks closed higher on Wall Street after swaying between small gains and losses much of the day as investors brace for another big interest rate increase this week from the Federal Reserve. The S&P 500 rose 0.7 percent on Monday. The Dow Jones Industrial Average and the Nasdaq also gained ground. Treasury yields moved higher….
Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 19)
September 19, 2022
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Benchmark U.S. crude oil for October delivery rose 62 cents to $85.73 a barrel Monday. Brent crude for November delivery rose 65 cents to $92 a barrel. Wholesale gasoline for October delivery rose 4 cents to $2.46 a gallon. October heating oil rose 14 cents to $3.31 a gallon. October natural gas fell 1 cent…
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