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[ad_1] Oil prices fell in early Asian trade on Thursday as a strong dollar and economic woes outweighed optimism over consumer demand. Brent crude futures fell 59 cents, or 0.7 per cent, to $88.73 per barrel by 0016 GMT while US crude futures fell by 54 cents, or 0.7 per cent,
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[ad_1] There may be no escape from recession.The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest it's rapidly spreading to other parts of the economy."People are not being sensitive enough to this economic slowdown and what it's going to be mean for corporate earnings and profit
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[ad_1] Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery."The Fed only has one tool to bring in inflation and that is they have to slow demand," the Bianco Research president told CNBC "Fast
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[ad_1] J.P. Morgan's Marko Kolanovic predicts oil is surging higher — but so are stocks.Kolanovic, who serves as the firm's chief global markets strategist and co-head of global research, believes the U.S. economy is strong enough to handle oil prices as high as $150 a barrel."There could be some potential
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[ad_1] Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach.He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth."This inflation problem is widespread, it's persistent and likely to be protracted," Roach told CNBC's "Fast Money" on Thursday.
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[ad_1] A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California.Liu Guanguan | China News Service | Getty ImagesThe surge in gasoline prices is impossible to miss and at the top of consumers' minds as billboards announce that gas now costs $4,
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[ad_1] The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high.Some observers believe the U.S. government may have misread the looming threat of inflation. During
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[ad_1] High gasoline prices are impacting all American drivers — but low-income households bear the brunt of it.That's because low earners funnel a bigger share of their budgets to transportation costs and other staples, like food and energy, relative to wealthier households.U.S. gas prices had jumped to $4.32 a gallon,
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[ad_1] Daniel Zuchnik | WireImage | Getty ImagesWarren Buffett's Berkshire Hathaway purchased an additional 18.1 million shares of Occidental Petroleum for almost $1 billion over the first three days of this week.An SEC filing Wednesday shows it paid a weighted average of $54.41 per share, a total of $985 million for the
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[ad_1] David Sacks | Getty ImagesConsumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making it hard to escape the budgetary sting.The Consumer Price Index jumped 7.9% in February relative to a
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