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Gasoline prices continue to climb due to tighter supply and increased demand

Gasoline prices continue to climb due to tighter supply and increased demand

US gas prices have risen for ten straight days, as gas prices hit over $6 a gallon in California. The price of gas has risen since September 21, after falling for less than 100 days during the peak summer season. The national average gasoline price was $3.797 per gallon on Sept. 30, down from $3.689 …

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Ron Insana: Something big could be about to break in the markets as rates continue to rise

Ron Insana: Something big could be about to break in the markets as rates continue to rise

US Federal Reserve Board Chairman Jerome Powell pauses during a press conference in Washington, DC, September 21, 2022. Saul Loeb | AFP | Getty Images I wrote about central banker action last week, suggesting that the rapid rise in interest rates, led by the US Federal Reserve, would soon lead to a significant breakdown in …

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Stock market gloom 'worse than ever' as Fed signals it could continue to tighten into recession

Stock market gloom ‘worse than ever’ as Fed signals it could continue to tighten into recession

Topline On Thursday, Fed officials reiterated calls for aggressive policy to tackle stubbornly high inflation – fueling expectations for bigger rate hikes amid a stock market sell-off that has seen major indexes hit new lows for the economy. year – and some analysts predict the losses could only get worse. Morgan Stanley’s bearish scenario? Another …

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Erdogan says Turkey will continue to cut interest rates, mocks sterling

Erdogan says Turkey will continue to cut interest rates, mocks sterling

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at parliament in Ankara, Turkey, May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE A PROVIDED BY A THIRD PARTY. NO RESALE. NO ARCHIVES. COMPULSORY CREDIT Murat Cetinmuhurdar Reuters Turkey will continue to cut interest rates, its President …

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Stock market losses continue to pile up;  Drugmaker spawns when upgrading

Stock market losses continue to pile up; Drugmaker spawns when upgrading

Major stock indexes added to Wednesday’s bad vibes and are trading lower on Thursday afternoon, near lows for the day. The market is still reeling from comments by Fed Chairman Jerome Powell, which heightened fears of a recession. X The Nasdaq fell 1.5%. The S&P 500 lost 0.8%. The Dow Jones Industrial Average fell 0.4%. …

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