Buck Bully
Latest Economy News
[CNN Business] As Western sanctions take root, Russians are bracing for a dramatic shift in their standard of living as their savings diminish in value and imports of everyday goods are quickly being cut off. Over the past week, several Western companies have abandoned their Russian operations to avoid running afoul of sanctions. They’re […]
[CNBC, Getty Images] Russia’s largest lender said its European subsidiaries had experienced “abnormal cash outflows” and expressed concern for the safety of its employees and properties. As of late morning trade in London, Sberbank shares were down 94.24% to trade at $0.01. The bank has lost 99.9% of its value […]
[CNBC, Getty Images] The average rate on the popular 30-year fixed mortgage had risen close to a full percentage point from the start of this year up until last Friday, when it hit 4.18%, according to Mortgage News Daily. It hit 3.9% on Tuesday. This will give homebuyers more purchasing […]
[Markets Insider, AP Photo] Russia’s central bank ordered the stock market to close for a second day Tuesday as financial stress mounted. The US and its allies have hit Russia with new, tougher sanctions in response to the war in Ukraine. Analysts said Russia is becoming increasingly “uninvestable”, with assets […]
[Fortune] Entering into 2022, the consensus among much of the real estate industry was that the spring housing market—the industry’s peak season—would be a bit less frenzied this year. After all, it couldn’t get much worse than the 2021 spring housing market, when over 70% of home listings saw a bidding war, right? […]
[CNBC, Getty Images] Looking for a new home may seem like a daunting task these days. Prices are up, inventory is low and mortgage rates are rising. That’s why, in this environment, it pays to do your homework before you enter the market. Once you start looking, you’ll have to […]
[CNBC] Inflation as gauged by the Fed’s preferred core PCE measure rose 5.2% in January from a year ago. That was the biggest rise since April 1983. Consumer spending popped 2.1% for the month, considerably more than the 1.6% estimate. Orders for durable goods reflected the buoyant spending, rising 1.6% […]
[CNBC, Getty Images] Food and beverage giants say consumers aren’t balking yet at paying more for their Lay’s chips and Tyson chicken nuggets. But those comments preceded the Russian invasion of Ukraine, which has already led to surging prices for oil and gas, metals and grains. Walmart said earlier this […]
[MarketWatch, Getty Images/iStock] Rents skyrocket as markets ‘make up for lost time’ — putting some Americans at a severe disadvantage When it comes to rental rates, it’s definitely not 2020 anymore. The cost to rent a home is rising at the fastest clip in years, as landlords bounce back from […]
[CNBC, AP] Amazon’s grocery endeavors have cost many billions of dollars over the past 15 years but have yet to yield a coherent strategy. As of mid-December, Amazon.com and Whole Foods accounted for a combined 2.4% of the grocery market over the past 12 months, according to research firm Numerator. […]