News That Matters

Tag: prices

Oil prices flutter around even in light trading

Oil prices flutter around even in light trading

Business
Jan. 15 (UPI) -- Light trading on the U.S. federal holiday left crude oil prices around neutral, but still marching closer to $ 70 per barrel, potentially on geopolitical risk.Markets in the United States are closed as the nation commemorates the legacy of civil rights leader Martin Luther King Jr.On Friday, markets wavered but eventually rallied after U.S. President Donald Trump decided to extend a waiver on oil-related sanctions for Iran under the terms of the multilateral Joint Comprehensive Plan of Action. The president must regularly weigh sanctions and not extending them would've pulled the estimated 1 million barrels of Iranian oil flowing in the global market, and inevitably led to the end of the agreement.On its face, the wavier would've sent oil prices lower because it left Irani...
Thousands protest high prices in Iran's Mashhad

Thousands protest high prices in Iran's Mashhad

World
Dec. 28 (UPI) -- Several thousand residents protested high prices and denounced President Hassan Rouhani across Iran, including the nation's second-largest city, Mashhad, on Thursday.In the northern Iranian city, protesters shouted "Death to Rouhani" and "Death to the dictator" and "If you stop one case of embezzlement, our problem will be solved."They also held banners opposing Iran's interference in the Arab region, including troops and funds sent to assist Syria's government. They chanted, "Forget about Syria, think about us."Besides protests in city of about 3 million, demonstrations took place in cities that included Neyshabur, Kashmar, Birjand, Shahrood and Noshahr. And last week demonstrations took place in Isfahan against high unemployment.The National Council of Resistance of Iran...
Rising home prices and stagnant wages have home buyers in a pickle

Rising home prices and stagnant wages have home buyers in a pickle

Finance
Home ownership remains elusive for many Americans a decade after the collapse of the real estate market sent the U.S. economy into a tailspin. More than one-third of Americans ages 18 to 34 said they are likely to opt out of home ownership over the next decade, according to an annual survey conducted by the U.K.-based consumer credit reporting agency Experian. About a quarter of Americans of any age also said they were likely to opt out of home ownership in that period. The number of Americans who said they are likely to opt out of homeownership increased 8 percentage points in this year's survey, compared to 2016. More from Smart Investing:Bitcoin too risky for "serious" investing, say advisorsMillennials lack confidence to invest: Bank executiveWhat investors should do before market gets...
Vroom vroom: CarGurus prices IPO at $16, above the range

Vroom vroom: CarGurus prices IPO at $16, above the range

Finance
Shutterstock photoCarGurus, an online marketplace for buyers and sellers of new and used cars, raised $ 150 million by offering 9.4 million shares at $ 16, above the range of $ 13 to $ 15. CarGurus plans to list on the Nasdaq under the symbol CARG. Goldman Sachs, Allen & Company and RBC Capital Markets acted as lead managers on the deal. The article Vroom vroom: CarGurus prices IPO at $ 16, above the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com. Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOS...
Energy prices could be capped this winter, suggests minister

Energy prices could be capped this winter, suggests minister

Business
A cap on gas and electricity prices could be introduced as early as this winter, Energy Minister Greg Clark has suggested.He told the BBC that the energy regulator Ofgem would receive legal backing from parliament for action on prices.Asked if this could mean action this winter, he replied: "Precisely."But the boss of British Gas-owner Centrica, Iain Conn, warned that price caps could mean the end of cheap deals.On Wednesday, Prime Minister Theresa May revived plans to cap prices, something that was promised in the Conservative's election manifesto but was absent from June's Queen's Speech.Her statement was followed by sharp falls in energy company share prices. But Thursday trading saw a partial recovery, with most up by 1% or more.Mr Clark told the BBC's Today programme: "If they [Ofgem]...