According to the most recent data released by the Energy Information Administration (EIA), U.S. crude oil inventories saw a larger-than-expected decline last week. However, stocks of gasoline and diesel continued to rise. Crude Oil Stocks Commercial crude oil stocks, excluding the Strategic Petroleum Reserve (SPR), fell by 2.5 million barrels to 429.9 million barrels in the … [Read more...] about U.S. Crude Inventories Decline, Gasoline and Diesel Stocks Continue to Increase
Rise in Delinquencies for Low-Income Borrowers
A new report from the Federal Reserve Bank of New York sheds light on the financial struggles faced by low-income borrowers amidst the post-pandemic era. The report, which is the third in a series highlighting the financial dynamics of low-income households, draws upon anonymized credit report data from Equifax and income data from the 2016 Census Bureau American Community … [Read more...] about Rise in Delinquencies for Low-Income Borrowers
Market Update
Pre-Market Trading Wayfair Inc. Cl A (W) was up 15.6%. Super Micro Computer Inc. (SMCI) was up 12.4%. Top Gainers The following stocks were posting gains of at least 5%: Endeavor Group Holdings Inc. (EDR) Travelers Cos. Inc. (TRV) Vertiv Holdings LLC (VRT) Top Decliners In early trading, the following stocks had posted declines: Incyte Corp. (INCY) - 3.9% Duolingo Inc. … [Read more...] about Market Update
Home Sales Reach Lowest Level in a Decade
Declining Demand and Limited Supply Drive Prices Up In December, home sales reached their lowest level in over a decade due to the ongoing imbalance between demand and supply. This resulted in a surge in prices, bringing the year to a close on a high note. Sales Activity Hits Rock Bottom Sales activity in December hit its lowest point since August 2010. The National Association … [Read more...] about Home Sales Reach Lowest Level in a Decade
Space Stocks Slide as Virgin Galactic and Intuitive Machines Experience Losses
Space stocks are experiencing a decline on Friday, with Virgin Galactic Holdings Inc. leading the way with a decrease of 5.4%. This marks the second consecutive day of losses for the space tourism company and its largest single-day percentage decline since Tuesday's 7.6% drop. Virgin Galactic (SPCE) has faced declines in five out of the last six days. Intuitive Machines Inc. … [Read more...] about Space Stocks Slide as Virgin Galactic and Intuitive Machines Experience Losses
