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News & Articles By Mary Villareal
10/14/2021
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By Mary Villareal
Oil price jumps to over $80 per barrel due to energy supply shortages
Crude oil price in the U.S. rose 1.5 percent to $80.52 a barrel on Monday, Oct. 11, closing at that rate for the first time since late 2014 and bringing its price climb to 125 percent since the end of October 2020. Oil is now set to outpace copper by the largest amount since 2002 and […]
10/05/2021
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By Mary Villareal
Supply chain crisis could push global economic recovery off course
A supply crunch for non-essential items is creating a full-blown crisis as it leads to shortages in energy, labor and transport in various parts of the globe. All these problems are parts of the rising post-pandemic consumer demands that could push the global economic recovery off course. Mohamed El-Erian, insurance giant Allianz’s adviser and president of […]
10/01/2021
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By Mary Villareal
Power shortages in China may cause world food and commodities prices to surge
China is looking at a difficult harvest season as a severe energy crunch hurts the outlook for production — a development that can trigger another surge in food prices. The autumn harvest in China is underway, but with power shortages in industrial hubs, authorities see slow processing growth. This is especially true in the northeastern provinces of Jilin, […]
09/29/2021
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By Mary Villareal
Tech companies amass large portfolios of new properties during pandemic
The biggest U.S. companies are sitting on huge piles of cash, and they are running out of ways to spend it. So now, they are putting their money in a lot of commercial real estate. Last week, Google announced that it would purchase a Manhattan office building for $2.1 billion. This is only the latest in […]
09/24/2021
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By Mary Villareal
Food prices increase as fertilizer costs surge
Prices for synthetic fertilizers are at their highest levels since the beginning of the financial crisis. This means that people can expect weaker harvests and increasing grocery bills in the next year as the world’s supply chains start to recover. Due to extreme weather, plant shutdowns and government sanctions, the chemical fertilizer market is slamming already struggling […]
09/17/2021
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By Mary Villareal
Online shopping hit by inflation during pandemic
Online goods have seen a rise in prices for an unprecedented 15 months as inflation hits categories such as pet products, nonprescription drugs, groceries, furniture and flower arrangements, according to reports. The growth in digital prices across the industry means that e-commerce transactions are set to account for roughly $1 of every $5 spent by […]
09/15/2021
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By Mary Villareal
Europe energy prices spike as winds pause in stormy North Sea
Winds in the stormy North Sea stopped blowing, and Europe, which already lacks natural gas, found electricity markets surging. This sudden slowdown in wind-driven electricity production in the U.K. caused a sudden switch in the direction of regional energy markets as gas and coal-fired electricity plants were called to make up for the shortfalls. Natural […]
09/14/2021
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By Mary Villareal
The Federal Reserve hides price inflation, but why?
Federal Reserve Chairman Jerome J. Powell says that he supports “tapering” toward the end of the year, adding that interest rate hikes are a long way off. By tapering, he means that the central bank should reduce its monthly purchases of bonds and slow down the monthly increase in the quantity of money. Even with […]
08/06/2021
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By Mary Villareal
Nestle, Diageo raise prices due to “strongest” inflation in years
Nestle, Diageo, and Danone are some companies that may raise the prices of their products this year as they struggle with the strongest inflation due to the COVID-19 pandemic. While sales are rising as key markets start rebounding, the recovery also means that there are increased costs for ingredients, packaging, and transport. For instance, coffee prices are […]
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