gas | The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants

DAILY UPDATE: Eli Lilly and MIT’s Vaccine Printer

Posted on April 30, 2023 by Dr. Marcinko

By Staff Reporters

***

***

Eli Lilly (NYSE: LLY) investors continued to be in a good mood about their stock on Friday. Following the estimates-beating first quarter reported by the big pharmaceutical company the previous morning, they traded the shares up by 1.4% on the final trading day of the week. That eclipsed the 0.8% gain of the S&P 500 index.

CITE: https://www.r2library.com/Resource

***

Researchers at MIT have created a new type of tabletop printer that spits out vaccine doses on demand in the form of thumbnail-size microneedle patches. Once scaled, this mobile technology could produce hundreds of doses per day, revolutionizing pandemic response. And in a boon for warmer or more remote parts of the world, the vaccine patches can be stored at room temperature for months before they’re slapped on—no refrigeration or professional administering required.

***

ORDER: https://www.routledge.com/Risk-Management-Liability-Insurance-and-Asset-Protection-Strategies-for/Marcinko-Hetico/p/book/9781498725989

***

***

ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

***

COMMENTS APPRECIATED

Thank You

***

Filed under: "Ask-an-Advisor", Alerts Sign-Up, Drugs and Pharma, Financial Planning, Funding Basics, Health Economics, iMBA, Inc., Investing | Tagged: CBOE, DOW, Eli Lilly, gas, gold, LLY, markets, MIT, oil, S&P 500.DJIA, stock markets, Treasury yields, vaccine, VIX | Leave a comment »

DAILY UPDATE: Meta & Disney Cut More Jobs While the Stock Markets Bobble

Posted on April 20, 2023 by Dr. Marcinko

By Staff Reporters

***

***

Meta Platforms, the billionaire’s social media empire, will reportedly cut thousands more jobs. And the bloodbath is not over, according to the latest reports. Meta plans to eliminate thousands more jobs. According to Bloomberg News, an internal memo has been sent to managers, asking them to prepare for tough new announcements. The job cuts, which total 4,000, are expected to affect Facebook, WhatsApp and Instagram. They would also affect Reality Labs, the division that houses the group’s Metaverse projects — Quest virtual-reality headsets. In 2021 and 2022, Reality Labs, which is supposed to build the company’s next big thing, recorded a cumulative loss of nearly $24 billion, including $13.7 billion just last year.

And, Walt Disney Company plans to cut thousands of jobs next week, in another lay-off round that includes about 15% of the staff in its entertainment division, according to people familiar with the plans. Disney Entertainment will bear a significant chunk of the job cuts – with approximately 15% of the division’s staffers set to exit next week, according to a report. Disney has more than 200,000 employees across its various businesses.

***

And now, the Markets:

The S&P 500 Index fell 0.35 point to 4154.52; the Dow Jones industrial average was down 79.62 (0.2%) at 33,897.01; the NASDAQ Composite was up 3.81 at 12,157.23.
The 10-year Treasury yield was up about 2 basis points at 3.60%.
CBOE’s Volatility Index was down 0.37 at 16.46.

Transportation was one of the top gainers among S&P 500 sectors yesterday, thanks in part to strength in United Airlines (UAL) and other top carriers. Real estate and financials were also higher, while oilfield services stocks were among the weakest performers due to a sharp drop in crude oil prices. WTI futures fell below $80, their lowest level in nearly three weeks.

Oil prices rallied at the start of this month after members of OPEC+ announced a production cut.

***

ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

***

COMMENTS APPRECIATED

Thank You

***

Filed under: "Ask-an-Advisor", Alerts Sign-Up, Alternative Investments, Career Development, Experts Invited, Health Economics, Information Technology, Investing, LifeStyle | Tagged: Bloomberg, Disney, DJIA, DOW, Facebook, FB, gas, Instagram, Meta, metaverse, NASDQA, oil, Quest, Quest VR, real estate, S&P 500, stock markets, Treasury yields, UAL, VR, walt, WTI | Leave a comment »

DAILY UPDATE: Stocks Slide but Schwab Hit Hard

Posted on April 15, 2023 by Dr. Marcinko

By Staff Reporters

***

***

A top investor in Charles Schwab sold its entire stake amid turmoil in the banking sector in March.
GQG Partners told the Financial Times it had ditched its $1.4 billion stake in the lender.
REF: https://www.ft.com/content/059e8214-0b38-44d6-8c76-23aaed2bbd4e
Schwab’s stock has dropped over 30% since the start of March, making it one of the worst-hit banks.
CITE: https://www.r2library.com/Resource

***

The domestic stock markets owe much of their resilience today to the strength of the biggest companies, which investors tend to favor when recessions appear likely, though financial stocks have lagged most of the year, according to Liz Ann Sonders, chief investment strategist at the Schwab Center for Financial Research. Indeed, small-cap stocks were notable laggards yesterday, with the Russell 2000 index falling more than 1%.

The markets appear convinced the Fed will raise its benchmark interest rate by another quarter of a point in May, taking it to a range of 5%–5.25%, even after the larger-than-expected de-celerations in both consumer and producer prices reported earlier this week.

The following is a round-up of yesterday’s market activity:

The S&P 500 Index was down 8.58 (0.2%) at 4137.64; the Dow Jones industrial average was down 143.22 (0.4%) at 33,886.47; the NASDAQ Composite was down 42.81 (0.4%) at 12,123.47.
The 10-year Treasury yield was up about 6 basis points at 3.515%.
CBOE’s Volatility Index was down 0.73 at 17.07.

Among S&P 500 sectors, real estate and utilities were among the weaker performers yesterday. Notwithstanding the day’s weakness, volatility expectations as measured by the VIX dropped to its lowest level since late 2021.

WTI crude oil futures rose modestly and have surged about 24% over the past four weeks, illustrating still-present inflationary forces.

***

CITE: https://www.amazon.com/Dictionary-Health-Information-Technology-Security/dp/0826149952/ref=sr_1_5?ie=UTF8&s=books&qid=1254413315&sr=1-5

***

ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

***

COMMENTS APPRECIATED

Thank You

***

Filed under: "Advisors Only", Alerts Sign-Up, Experts Invited, Glossary Terms, Investing, Risk Management | Tagged: banks, CBOEX, Charles Schwab, DJIA, DOW, Financial Times, gas, gold, GQG, NASDAQ, oil, Schwab, Treasury yields | Leave a comment »

DAILY UPDATE: Credit Suisse Down While US Equities Mixed

Posted on March 9, 2023 by Dr. Marcinko

By Staff Reporters

***

***

CREDIT SUISSE:
Equities revenue plummeted 95% in the fourth quarter
CS earlier informally looked at options for unit -sources
CS declined comment on ‘rumors and speculation’, and
In the latest piece of troubling news, the beleaguered Swiss bank delayed the publication of its 2022 annual report following a “late call” from the US Securities and Exchange Commission on Wednesday evening. The SEC got in touch over revisions the bank had previously made to its cash flow statements for 2019 and 2020,

***

U.S. equities finished mixed following yesterday’s rout, as investors digested a second day of testimony from Fed Chair Jerome Powell. The Chairman remained hawkish in his commentary, where he suggested rates may need to accelerate more than initially expected and may need to stay higher for longer than originally anticipated. Adding to the uncertainty, the afternoon release of the Fed’s Beige Book showed little change from the last installment.

Treasury yields were mixed with the yield curve inversion worsening, and the U.S. dollar was flat after yesterday’s rally. Crude oil prices were lower, and gold was little changed in choppy action. News on the equity front was light, as CrowdStrike topped quarterly earnings estimates and offered upbeat guidance, while UPS reiterated its full-year outlook.

The economic calendar was tilted toward labor data, as job openings dipped but remained elevated, and ADP’s private sector employment report bested forecasts ahead of Friday’s key non-farm payroll release.

Elsewhere, mortgage applications snapped a three-week losing streak, and the trade deficit came in slightly smaller than projected. Asia finished mixed and Europe also diverged, as the global markets processed the testimony from Fed Chairman Powell.

CITE: https://www.r2library.com/Resource/Title/082610254

***

ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

***

COMMENTS APPRECIATED

Thank You

***

Filed under: "Ask-an-Advisor", Ethics, Insurance Matters, Investing, Marketing & Advertising | Tagged: asian stocks., beige book, Credit Suisse, CrowdStrike, DJIA, European stocks, FOMC, gas, Jerome Powell, NASDAQ, oil, S&P 500, Treasury yields, UPS | Leave a comment »

DAILY UPDATE: Gas Prices Up – Stock Markets Down

Posted on February 17, 2023 by Dr. Marcinko

By Staff Reporters

***

***

Gasoline prices have unexpectedly risen in January, at a time when Americans normally stay put and demand remains relatively flat. Last week, the national average price for regular gas crept up to $3.51 a gallon, according to the American Automobile Association (AAA), jumping up by 12 cents compared to a week before and 41 cents in December. As of today, regular gas was on average $3.49 a gallon. It was a dark surprise for American consumers wary of the skyrocketing prices experienced last summer when gas reached a record height of $5.02 a gallon on average nationwide

CITE: https://www.r2library.com/Resource/Title/0826102549

***

Stocks Closed Lower Amid Wholesale Price Inflation Report

U.S. equities declined sharply following another hotter-than-expected read on inflation, as well as hawkish commentary from Fed officials, which seemed to complicate the outlook for further monetary policy tightening. January’s Producer Price Index (PPI) came in above estimates, causing more Fed uncertainty that had already ramped up following this week’s elevated consumer inflation report, and yesterday’s much stronger-than-anticipated retail sales data. A busy day of economic data also included a lower-than-projected level of jobless claims, softer-than-forecasted housing construction activity, and an unexpected tumble in manufacturing activity out of Philadelphia.

Treasury yields were higher following the inflation report, and the U.S. dollar increased, while crude oil prices nudged lower, and gold was little changed. Q4 earnings season continued to roll on, with Dow member Cisco Systems topping forecasts, though Shopify offered disappointing revenue guidance, and Paramount missed expectations.

Asian and European stocks finished higher for the most part, as investors grappled with the U.S. inflation data and monetary policy uncertainty.

***

ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

***

COMMENTS APPRECIATED

Thank You

***

Filed under: Alerts Sign-Up, Alternative Investments, Investing, LifeStyle | Tagged: AAA, asian markets, Cisco, DOW, European stocks, gas, gas prices, gasoline, gold, inflation, NASDAQ, oil, PPI, S&P 500 | Leave a comment »

DAILY UPDATE: Gasoline, Mixed Stocks and Economic Reports

Posted on December 2, 2022 by Dr. Marcinko

By Staff Reporters

***

***

The cost of gasoline is falling so fast that it is beginning to put real money back in the pockets of drivers, defying earlier projections and offering an unexpected gift for the holidays.Filling up is now as cheap as it was in February, just before Russia’s invasion of Ukraine touched off a global energy crisis. AAA reported the average nationwide price of a gallon of regular Wednesday was $3.50, and gas price tracking company GasBuddy projected it could drop below $3 by Christmas. And all of that relief probably helped drive robust shopping over Thanksgiving weekend.

CITE: https://www.r2library.com/Resource/Title/082610254

***

U.S. stocks ended mixed in a choppy trading session. The market struggled to continue yesterday’s surge, which came as Fed Chairman Jerome Powell provided some less hawkish commentary. The Fed Chief suggested that the Central Bank could slow the pace of its aggressive rate hiking campaign as early as this month.

The economic front provided some reports that shaped market action, as personal income and spending rose solidly and inflation cooled off but remained elevated, while jobless claims moderated more than expected. However, the ISM Manufacturing Index fell into contraction territory for the first time since May 2020, and construction spending declined more than expected. Earnings reports continued to pour in, as Kroger topped expectations, while Costco Wholesale’s November sales growth came in below predictions, and Dollar General missed earnings estimates while also providing some disappointing guidance.

Additionally, Dow member Salesforce’s billings performance missed, and the company announced that its co-CEO will step down.

Treasury yields and the U.S. dollar extended yesterday’s drops, while crude oil and gold prices rallied.

Asian stocks gained ground and European stocks ended mostly higher, as the global markets appeared to get some relief from the Fed Chair’s commentary but economic data was lackluster.

***

ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

***

Filed under: Alerts Sign-Up, Alternative Investments, Financial Planning, Glossary Terms, Investing, LifeStyle | Tagged: economic reports, gas, gasoline, gasoline prices, mixed stocks, stocks | Leave a comment »

GAS PRICES: Election Day?

Posted on November 8, 2022 by Dr. Marcinko

***

By Staff Reporters

***

***

The outcome of today’s midterm elections could be influenced by something the government has little control over: the cost of filling up your car with gas. Since the 1970s, presidential approval ratings have tended to sag when gas prices rise. And that correlation has been especially pronounced this year as inflation has run rampant and gas prices have spiked.

The Washington Post found that the share of Americans who said the country was on the right track has moved remarkably in sync with gas prices.
Since gas prices peaked in June, the correlation between Democratic generic-ballot polling and the price of gas clocked in at minus-.91, nearly a perfect inverse correlation (which is minus-1).

NOTE: Recall that correlation is NOT causation!

Why are gas prices so powerful?

Gas prices are the only consumer good whose price we’re reminded of virtually every time we leave the house, experts say. Unlike salmon fish or outdoor patio furniture, ties, shirts or sneakers, the price of gas is advertised in size-500 font on huge signs that you can’t help but notice. In fact, gas prices have been so beaten into us that they can change our behavior over decades. Researchers at the University of Pennsylvania discovered that people who experienced raging gas prices in their formative driving years in the 1970s seemed less likely to drive to work 20 years later than other age cohorts.

The curious part about the link between voter sentiment and gas prices is that gas prices have very little to do with the White House. Gas prices are largely influenced by the price of crude oil, which is a globally traded commodity. That commodity has been dealt a shock this year by Russia’s invasion of Ukraine, technical snags with refineries in the US, and OPEC+’s production cuts.

Still, President Biden’s team is fully aware of the importance of gas prices, which explains his incessant attacks on oil companies’ windfall profits, his releasing of crude from the Strategic Petroleum Reserve, and his visit to Saudi Arabia, a major oil producer.

Price check?

The current national average for a gallon of unleaded gas is $3.80, per AAA. That’s roughly the same as a month ago, down significantly from the record of more than $5, but about 38 cents more than a year ago.

***

COMMENTS APPRECIATED

Thank You

***

ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

****

Filed under: Alerts Sign-Up, Alternative Investments, LifeStyle | Tagged: election day, gas, gas prices, gasoline, gasoline prices | 1 Comment »

UPDATE: Coal, Gas, Food and Inflation

Posted on September 12, 2022 by Dr. Marcinko

By Staff Reporters

***

***

Coal is making a comeback as Europe races to find alternatives to Russian natural gas. The price of coal is 5 times higher than normal as countries try to secure energy supply for winter. Surging natural gas prices and a hydro-power crunch are other factors, too.

***

Gasoline prices fell sharply in August, airfares dropped and used cars and hotels ebbed, while rent increases also gave hints of slowing, according to private firms that track such data.

Still, food prices continued to soar this past month and prices for a range of goods and services remained much higher than a year earlier, the figures show.

The path of inflation could influence looming decisions by the Federal Reserve about how high to lift interest rates. Inflation could also shape midterm elections as voters assess their pocketbooks.

COMMENTS APPRECIATED

Thank You

***

INVESTING: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

***

Filed under: Alerts Sign-Up, Alternative Investments, Investing | Tagged: coal, coal price, coal prices, food, gas, inflation | Leave a comment »

UPDATE: Crude Oil, Gasoline and Natural Gas Prices

Posted on July 18, 2022 by Dr. Marcinko

By Staff Reporters

***

***

West Texas Intermediate crude for August delivery rose $1.81, or 1.9%, to close at $97.59 a barrel on the New York Mercantile Exchange. The U.S. benchmark suffered a 6.9% weekly fall.
September Brent crude the global benchmark, gained $2.06, or 2.1%, to settle at $101.16 a barrel on ICE Futures Europe. Brent fell 5.5% for the week.
Back on Nymex, August gasoline rose 0.8% to end at $3.2132 a gallon, while August heating oil rose 1.4% to $3.699 a gallon. Gasoline rose 6.8% for the week, while heating oil was up 0.7%.
August natural gas rose 6.3% to $7.016 per million British thermal units, pushing it to a 16.3% weekly gain.

***

COMMENTS APPRECIATED

Thank You

***

Filed under: Alerts Sign-Up, Investing | Tagged: crude oil, gas, gasoline, Gasoline and Natural Gas, Gasoline and Natural Gas Prices, natural gas, UPDATE: Crude Oil | Leave a comment »

UPDATE: Inflation, Gasoline & Oil Prices, Online Crypto Trading Firms and Altria

Posted on June 23, 2022 by Dr. Marcinko

***

***

The rate of inflation rose again in May, remaining at 40-year highs, the Office for National Statistics revealed. The rate of Consumer Prices Index [CPI] inflation rose slightly to 9.1 per cent in May from 9 per cent in April, according to the ONS. The increase matches what analysts had expected. And, supply constraints, exacerbated by Russia’s war in Ukraine account for about half of the surge in US inflation, with demand currently making up a third of the increase, according to new research from the Federal Reserve Bank of San Francisco.

US gasoline futures are about 13% below the record high seen earlier this month and pump prices have dropped for more than seven days straight — the biggest run of losses since April — after rising to a fresh peak early last week, as recession concerns grip the market. Oil prices have tumbled toward $100 a barrel as traders fear that sharply higher interest rates would slow down economic growth and lead to demand destruction. The AAA reports that the average price of a gallon of regular gas slipped 6 cents since last week, to $4.955.

U.S. online trading firms specializing in crypto were hit hard after BinanceUS, an arm of the word’s biggest digital currency exchange, eliminated its bitcion spot trading fees. BinanceUS will now allow its users to trade bitcoin, the biggest cryptocurrency, against assets such as the U.S. dollar, tether, and other dollar-backed stablecoins for free, eliminating its prior levy of 0.1% on transaction valued at less than $50,000.00.

Altria’s big tumble—the tobacco company owns a 35% stake in Juul, and a WSJ report suggested the FDA could order Juul to yank its products off the market imminently.

***

COMMENTS APPRECIATED

Thank You

***

Filed under: Alerts Sign-Up, Drugs and Pharma, Investing, LifeStyle | Tagged: Altria, crypto, gas, gasoline, inflation, Juul, oil, online crypto trading firms | Leave a comment »

UPDATE: Cathie Wood, IRS Back-Log, US Single Family Rent and the Markets

Posted on June 22, 2022 by Dr. Marcinko

***

***

Cathie Wood warned that the Federal Reserve could cause a recession if it keeps hiking interest rates. The US central bank is ignoring three indicators that might show inflation easing, according to the Ark Invest CIO. First, aggressive hikes are unnecessary because inflation is already easing. Second, she pointed to the stagnating prices of gold and lumber, which are often seen as leading inflation indicators. “After soaring from $1,350/ounce pre-COVID to a peak of nearly $2,000 [an ounce] during 2020, the gold price has dropped back to $1,840 [an ounce] during the past two years. “The lumber price has dropped more than 50%.” Finally, Wood said fuel prices have likely peaked as Americans increasingly turn to electric vehicles. Surging oil prices have been one of the main drivers of inflation this year, with Brent crude up 48.3% to over $115 a barrel.

The IRS says it is climbing out from under the unprecedented stack of tax returns that piled up after the agency had to scale back its operations and close facilities in 2020 following the onset of the pandemic. The agency announced that by the end of this week it will have cleared all original individual tax returns that were filed in 2021 and that didn’t contain any major mistakes. “Due to issues related to the pandemic and staffing limitations, the IRS began 2022 with a larger than usual inventory of paper tax returns and correspondence filed during 2021,” the IRS said in a statement. “The IRS took a number of steps to address this, and the agency is on track to complete processing of originally filed Form 1040 (individual tax returns without errors) received in 2021 this week.”

Another record for US single-family rents, which jumped 14% year-over-year in April, marking the 13th period of record-breaking annual gains.

Markets: Stocks bounced yesterday after their worst week in two years, led by energy stocks and Big Tech companies. Cypto even rose. Today, investors will be glued to Fed Chair Jerome Powell’s testimony on Capitol Hill. They want to know whether Powell expects to hike interest rates by another 75 basis points next month.

***

COMMENTS APPRECIATED

Thank You

***

Filed under: Alerts Sign-Up, Investing | Tagged: brent, Cathie Wood, crypto, gas, IRS, IRS backlog, oil, rents, stock markets, US rent | Leave a comment »

UPDATE: Gas Prices, Meta Platforms, CPI the SEC and Luxury Home Sales

Posted on June 12, 2022 by Dr. Marcinko

By Staff Reporters

***

***

The price of gas rose to $5.01, according to AAA. Gas hit the $5 mark for the first time ever as part of a record setting run. The average price jumped 18 cents in the previous week, and was $1.92 higher than this time last year.

Development of a smartwatch that was going to feature dual cameras was stopped by Meta Platforms (META) – Get Meta Platforms Inc. Report, the parent company of Facebook, a source told Bloomberg. But, the social media company is working on the development of other devices that will be worn on the wrist.

In May, the Consumer Price Index for All Urban Consumers rose 1.0 percent, seasonally adjusted, and rose 8.6 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.6 percent in May (SA); up 6.0 percent over the year (NSA).

The Securities and Exchange Commission is aiming to shake up the mechanics of US stock trading in the wake of last year’s meme-stock frenzy, and some experts in the markets say changes could lead to a shift back to retail investors paying commissions to make trades. Proposed changes to market-structure rules could lead to retail investors paying commissions on trades again. SEC Chairman Gensler is proposing the agency consider sending retail stock orders to auctions.

Finally, sales of luxury homes in the U.S. fell by 17.8% as compared to the year before, according to Redfin, for the three months ending April 30th. In contrast, non-luxury homes fell by 5.4% over the same period.

***

COMMENTS APPRECIATED

Thank You

***

Filed under: Alerts Sign-Up, Insurance Matters, Investing, LifeStyle | Tagged: CPI, Facebook, FB, gas, gas prices, Gensler, home sales, home values, inflation, luxury home sales, Meta, SEC | Leave a comment »

UPDATE: Paul Krugman, SEC Market Efficiency, ARK-IM, Gasoline and the World Economy

Posted on June 8, 2022 by Dr. Marcinko

By Staff Reporters

***

***

Economist Paul Krugman just compared the cryptocurrency boom to the mid-2000s housing bubble. According to BIA, the Nobel laureate noted that, just like during the housing boom, it seems ridiculous to question an asset class that has become so valuable and attracted so many influential promoters. It sounds absurd to suggest crypto is “a house built not on sand, but on nothing at all.” Yet Krugman’s assessment is precisely that. “If you ask me, it looks as if we’ve gone from the Big Short to the Big Scam.”
The SEC is considering sending retail stock orders to auctions under a new proposal. Trading firms could be forced to compete in auctions to execute retail stock orders under the planned proposals. It comes after the regulator focused on payment-for-order flow as a barrier to market efficiency.
Cathie Wood’s Ark Investment Management is suffering a steeper drop in assets than almost any other US exchange-traded fund issuer this year. Ark’s lineup holds $15.3 billion across nine ETFs, a 48% decrease from the start of 2022, according to data compiled by Bloomberg Intelligence through June 1st. That’s the biggest collapse in assets among the 25 largest US issuers.
The average price per gallon of gasoline in the U.S. reached a new high of $4.92. In Michigan the average sits higher at $5.17 per gallon, according to AAA’s tracker.
The World Bank released a grim forecast for the global economy, concluding that “for many countries, recession will be hard to avoid.” Disruptions from the war in Ukraine, Covid lockdowns in China, and ongoing supply shortages could lead to 1970s-style “stagflation”—and hit low- and middle-income countries the hardest.

***

COMMENTS APPRECIATED

Thank You

***

Filed under: Alerts Sign-Up, Glossary Terms, Health Economics, Investing, LifeStyle | Tagged: Cathie Wood, Cathie Woods, gas, gasoline prices, Global Economy, Paul Krugman, SEC, Securities and Exchange Commission, World Bank | Leave a comment »

UPDATE: The Markets and Commodity Prices

Posted on April 19, 2022 by Dr. Marcinko

By Staff Reporters

***

***

Markets: Stocks dipped to start off the week without many market-moving developments. Twitter’s use of a “poison pill” to prevent Elon Musk from taking over the company was a hit with investors, who sent shares soaring yesterday. The company’s stock is up more than 23% since Musk revealed he owned a 9.2% stake.

Commodities: Prices up. Corn hit a nine-year high in part due to the war in Ukraine, while US natural gas prices reached their highest level in 13 years ahead of an unusual April snowstorm hitting the Northeast. Natural gas prices have more than doubled so far this year.

***

Filed under: Alerts Sign-Up, Investing | Tagged: commodities, corn, DJIA, gas, NASDAQ, oil, S&P | Leave a comment »

UPDATE: All About Gasoline Prices

Posted on March 6, 2022 by Dr. Marcinko

By Staff Reporters

Gas prices just keep climbing higher, and a gallon of regular gas in the U.S. will likely average $4 before the end of the weekend. The national average for a gallon of regular gasoline rose to $3.92 Saturday, up from $3.84 on Friday, according to AAA.

Prices had risen 11 cents Friday, up from $3.73 on Thursday. That followed an 11-cent increase between Monday and Thursday. Prices averaged $3.60 a week ago and $3.44 a month ago. And, this week’s increases suggest it is likely the national average “could creep over $4/gallon tomorrow” .

Moreover, don’t look for gas prices to hold at $4 nationally. Many places are seeing gas of $5 or more already. The average price per gallon in California has surpassed $5 at $5.18, the most expensive market in the U.S., the AAA said.

Several other states have already surpassed the average $4 per gallon, according to AAA:

Hawaii ($4.69)
Nevada ($4.41)
Oregon ($4.38)
Washington ($4.33)
Alaska ($4.30)
Illinois ($4.16)
New York ($4.14)
Pennsylvania ($4.09)
Connecticut ($4.08)

COMMENTS APPRECIATED

Thank You

Subscribe to the Medical Executive-Post

Filed under: Alerts Sign-Up, Investing | Tagged: AAA, gas, gas prices, gasbuddy, gasoline, gasoline prices, oil | Leave a comment »

The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants

Subscribe MEDICAL EXECUTIVE-POST?

Member Statistics

ME-P Information & Content Channels

Ann Miller RN MHA [Managing Editor]

CERTIFIED MEDICAL PLANNER® program

Most Recent ME-Ps

PodiatryPrep.org

ME-P Free Advertising Consultation

Medical & Surgical e-Consent Forms

iMBA Inc., OFFICES

ME-P Publishing

SEEKING INDUSTRY INFO PARTNERS?

Reader Comments, Quips, Opinions, News & Updates

Start-Up Advice for Businesses, DRs and Entrepreneurs

Up-Trending ME-Ps

Capitalism and Free Enterprise Advocacy

OIG Fraud Warnings

DAILY UPDATE: Credit Suisse Down While US Equities Mixed

Calendar

Advertising Info:

Book Offerings:

Dictionary Offerings:

Dr. David Marcinko [Publication List]

Education Online:

Health Dictionary Series Wiki Project

Lower Extremity Medicine & Surgery

Pending NIHCM Grant Applications:

Practice Lists:

Professor Marcinko

Related Blogs:

Speaker's Bureau:

Thought-Leaders:

White Papers:

Subscribe MEDICAL EXECUTIVE-POST?

Member Statistics

ME-P Information & Content Channels

Ann Miller RN MHA [Managing Editor]

CERTIFIED MEDICAL PLANNER® program

Most Recent ME-Ps

PodiatryPrep.org

ME-P Free Advertising Consultation

Medical & Surgical e-Consent Forms

iMBA Inc., OFFICES

ME-P Publishing

SEEKING INDUSTRY INFO PARTNERS?

Reader Comments, Quips, Opinions, News & Updates

Start-Up Advice for Businesses, DRs and Entrepreneurs

Up-Trending ME-Ps

Capitalism and Free Enterprise Advocacy

OIG Fraud Warnings

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Why are gas prices so powerful?

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Calendar

Advertising Info:

Book Offerings:

Dictionary Offerings:

Dr. David Marcinko [Publication List]

Education Online:

Health Dictionary Series Wiki Project

Lower Extremity Medicine & Surgery

Pending NIHCM Grant Applications:

Practice Lists:

Professor Marcinko

Related Blogs:

Speaker's Bureau:

Thought-Leaders:

White Papers: