Day: September 3, 2022

Global Inflation

Texas Sees Historic 26% Surge in Tax Revenue as Inflation Soars

(Bloomberg) — Texas’s tax revenue is rising by historic amounts, in part as economic growth and soaring inflation drive up the price of goods. The Lone Star state collected $77.2 billion in a category known as all funds tax collections in the fiscal year through August, up 25.6% from the same period a year earlier, […]

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Bond Crash
Bond Market
Bond Traders
Bond Yields

No Escape From Biggest Bond Loss in Decades as Fed Keeps Hiking

(Bloomberg) — Investors who might be looking for the world’s biggest bond market to rally back soon from its worst losses in decades appear doomed to disappointment. The US employment report on Friday illustrated the momentum of the economy in face of the Federal Reserve’s escalating effort to cool it down, with businesses rapidly adding […]

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Interest Rates
Rising Interest Rates

Surge in Real Rates Hits Every Asset on Wall Street and Beyond

(Bloomberg) — A big pandemic-era distortion in the world of finance is well and truly over — and the new normal is helping fuel the worst cross-asset selloff in decades. After being trapped in negative territory during the lockdown days, inflation-adjusted Treasury yields are again breaking out, with five- and 10-year measures back near multiyear […]

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Oil Fracking
Oil Price
Oil Production
Oil Products

Shortage of Frack Gear Is Helping to Hold Back US Oil Production

(Bloomberg) — In a dusty corner of Oklahoma, close to where Erle Halliburton founded his eponymous oil services empire 103 years ago, a group of workers shows why US oil production growth has been underwhelming in spite of a price boom. This particular Halliburton Co. crew is busy cannibalizing older frack pumps — the powerful, […]

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Oil Drilling
Trade Of The Day
TradersPro Saturday

Top Oil Drilling Stock To Buy Now

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. BORR $4.4600 0.5000 % 12.6300 […]

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