A little strength in the durum wheat market before the holidays

The durum wheat market showed a little more strength in mid-November, with prices exceeding $10. “With durum wheat we seem to have some strength to enter the market. Some local deals have jumped as low as $10.25,” said Jim Peterson, market director for the North Dakota Wheat Commission, adding that many deals were still in … Read more

Inflation hangs over bargain-hunting shoppers on Black Friday

NEW YORK (AP) – Shoppers have been looking for the best deals in stores and online as retailers have offered new Black Friday discounts to entice consumers eager to start shopping for holiday gifts but weighed down by inflation. Due to high prices for food, rent, gasoline, and other essentials, many people were reluctant to … Read more

The November jobs report and the Fed matter more to markets in the coming week

The November jobs report is the big event for markets in the coming week and could provide important insight into the path of the Federal Reserve’s interest rate hikes. Stocks were up during the shortened holiday week, with the S&P 500 higher as Treasury yields fell and the dollar weakened. The week following Thanksgiving will … Read more

EXPLAINER: What is the effect of the Russian oil price cap, the ban?

FRANKFURT, Germany (AP) – Western governments aim to cap the price of Russia’s oil exports in a bid to cap fossil fuel gains who support Moscow’s budget, its military and the invasion of Ukraine. The limit will take effect on December 5, the same day the European Union imposes a boycott on most Russian oil … Read more

November 2022 Fed Minutes:

Federal Reserve officials earlier this month agreed that minor interest rate hikes should occur as soon as they assess the impact the policy is having on the economy, meeting minutes indicated Wednesday. Reflecting statements made by multiple officials in recent weeks, the summary of the meeting indicated small rate hikes were on the way. Markets … Read more

New Zealand interest rate hike, inflation data

UBS expects China to fully reopen by Q3 2023 UBS Wealth Management expects a full reopening for China by the third quarter of next year due to a number of factors. “We think it takes some time for the government to want to check public messages because [some] the concerns of the Chinese public are … Read more

Is the Fed “cheating”? Calls heat up to give up the pursuit of 2% inflation

For at least a decade, the Federal Reserve’s position that a 2% inflation rate is where the economy performs best has been taken as gospel. But with a recession potentially on the horizon and the Fed continuing to pull the brakes, calls are mounting that the central bank should reexamine what was essentially an arbitrary … Read more

Ohio’s Intel project triggers housing fears in a tight market

By ANDREW WELSH-HUGGINS, Associated Press COLUMBUS, Ohio (AP) — Intel’s announcement earlier this year of a $20 billion manufacturing deal that will bring thousands of jobs to rural Ohio was hailed as an economic boon . But behind that enthusiasm was a pressing question. “Where do we put everyone?” asked Melissa Humbert-Washington, vice president of … Read more

Black Friday can offer investors clues about how much gas consumers have left in their tanks – here’s what to look out for

Black Friday comes at an interesting time for the American consumer. Buyers have seemingly persevered this year despite an all-out assault on their portfolios and net worth: from falling stock prices and, more recently, home valuations, to rampant inflation eroding their spending power . But after a number of major American retailers, including Walmart Inc. … Read more

Markets are looking for more clues about Fed hikes and the economy in the coming week

Investors may be a little more cautious in the coming week, with stocks looking for direction in a quiet trade and the bond market’s warnings about the recession getting louder. Stocks were mixed Friday afternoon, but were heading into a down week. with the S&P 500 on track to drop more than 1%. The market … Read more