Category: investing

The SEC versus Ripple Labs—XRP’s Fight Against Administrative Overreach

It’s been nearly 20 months since the Securities and Exchange Commission (SEC) sued Ripple Labs for selling XRP as unregistered securities. John Deaton, who represents Ripple in the SEC vs. Ripple Labs court case battle, believes there’s major evidence of overreach by the SEC. In December 2020, the Ripple case was launched by Jay Clayton,…


How Major US Stock Indexes Fared Thursday Sept. 1, 2022

A late burst of buying erased some of the stock market’s losses Thursday, leaving indexes mixed on Wall Street at the closing bell. The S&P 500 index of large companies managed to eke out a tiny gain, all of it coming in the last 10 minutes of trading. That ended a four-day losing streak for…


Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 1)

Benchmark U.S. crude oil for October delivery fell $2.94 to $86.61 a barrel Thursday. Brent crude for November delivery fell $3.28 to $92.36 a barrel. Wholesale gasoline for October delivery fell 4 cents to $2.39 a gallon. September heating oil fell 11 cents to $3.56 a gallon. October natural gas rose 13 cents to $9.26…


How Major US Stock Indexes Fared Wednesday Aug. 31, 2022

Wall Street closed lower in another day of choppy trading, remaining on pace for a weekly loss after several days of declines. Losses in technology and retail stocks outweighed gains in communications and other sectors. The S&P 500 lost nearly 1 percent Wednesday after wavering between gains and losses. The Dow Jones Industrial Average and…


Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 31)

Benchmark U.S. crude oil for October delivery fell $2.09 to $89.55 a barrel Wednesday. Brent crude for October delivery fell $2.82 to $96.49 a barrel. Wholesale gasoline for September delivery fell 9 cents to $2.61 a gallon. September heating oil fell 10 cents to $3.72 a gallon. October natural gas rose 9 cents to $9.13…


Foreclosure Wave and the Slowdown on New Home Constructions

Loan servicers and banks are expecting a wave of foreclosures to inbound. The foreclosures over the past two years have built up due to the foreclosure and eviction moratorium. Data from the Mortgage Bankers Association conclude that when there is a spike in defaults, typically there also is an increase in foreclosures; but in 2020…


How Major US Stock Indexes Fared Tuesday Aug. 30, 2022

Stocks fell again on Wall Street, posting their third loss in a row as traders worry that high interest rates are here to stay for a while. The S&P 500 fell 1.1 percent Tuesday, bringing its loss in the past three days to 5.1 percent. The Dow Jones Industrial Average and the Nasdaq also fell….


Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 30)

Benchmark U.S. crude oil for October delivery fell $5.37 to $91.64 a barrel Tuesday. Brent crude for October delivery fell $5.78 to $99.31 a barrel. Wholesale gasoline for September delivery fell 19 cents to $2.69 a gallon. September heating oil fell 9 cents to $3.82 a gallon. October natural gas fell 30 cents to $9.04…



How Major US Stock Indexes Fared Monday Aug. 29, 2022

Stocks closed lower on Wall Street, adding to their recent losses as traders realized how determined the Federal Reserve is to keep interest rates high to fight inflation. The S&P 500 gave back almost 1 percent Monday. Technology companies were the biggest drag on the index. The Nasdaq and the Dow Jones Industrial Average also…