San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland’s oil and natural gas interests (the Subject Interests) in properties located in the San Juan Basin in northwestern New Mexico. 5 potentially positive developments that have recently occurred with the […]
Read More(Bloomberg) — Unwavering profit projections. Benign chart patterns. Big hedges in the options market. All the things that bulls expected to put a brake on the worst equity selloff in 30 months have just summarily failed. The Federal Reserve, with an assist from UK policy makers, overpowered them all to deliver a week that rocked […]
Read More(Bloomberg) — Another shock central bank move, another lockstep market reaction across Wall Street and beyond. This time it was the Bank of England’s dramatic intervention in government bonds that took global traders by storm, underscoring how every asset remains at the mercy of monetary officials in crisis-fighting mode. After British policy makers pledged a […]
Read More(Bloomberg) — US consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve. The consumer price index increased 0.1% from July, after no change in the prior month, Labor Department data showed Tuesday. From a year earlier, prices climbed 8.3%, a […]
Read More(Bloomberg) — Turkish inflation exceeded 80% for the first time since September 1998, as policies that prioritized economic growth and cheap lending exact a toll on the lira and price stability. Annual inflation quickened for a 15th consecutive month to 80.2% in August, up from 79.6% in July, according to data released on Monday by Turkey’s […]
Read More(Bloomberg) — Investors bracing for a recession jolt accelerated their retreat from stocks after the Federal Reserve warned it won’t be easily deterred in its fight against inflation, Bank of America Corp. strategists say. Global equity funds had outflows of $9.4 billion in the week to Aug. 31, the fourth-largest redemptions this year, according to […]
Read More(Bloomberg) — US inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates. The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department […]
Read More(Bloomberg) — US inflation roared again to a fresh four-decade high last month, likely strengthening the Federal Reserve’s resolve to aggressively raise interest rates that risks upending the economic expansion. The consumer price index rose 9.1% from a year earlier in a broad-based advance, the largest gain since the end of 1981, Labor Department data […]
Read MoreThe current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. According to Bank of America, government bonds are on track for their worst year since 1865, the year the U.S. Civil War ended. Meanwhile, the stock market, when adjusted for inflation, is on […]
Read More(Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard said the central bank should front-load an aggressive series of interest-rate hikes to push rates to 3.5% at year’s end, which if successful would push down inflation and could lead to policy easing in 2023 or 2024. “I have also said we should get […]
Read More(Bloomberg) — U.S. consumer prices rose in March by the most since late 1981, bolstering expectations that the Federal Reserve will raise interest rates by half a point next month. The consumer price index increased 8.5% from a year earlier following a 7.9% annual gain in February, Labor Department data showed Tuesday. The widely followed […]
Read More(Bloomberg) — Inflationary pressures in the U.S. continued to heat up at the start of the year, data are expected to show, likely putting a Federal Reserve interest-rate increase next month on autopilot. The consumer price index probably jumped 7.3% in January from a year ago, the largest annual advance since early 1982, according to […]
Read MoreUS President Joe Biden President Biden’s inflation woes have worsened as prices rose at the fastest pace for 40 years last month, increasing expectations of interest rate rises as soon as March. The Democrat is faced with an inflation rate of 7pc, the highest since June 1982, when Ronald Reagan was president, sapping his approval […]
Read MoreGetty Images When thinking about how much money to invest, it may be tempting to look at how much money you have, but you should also think about how much money you will need. While it’s not always a “fun” question to think about, ask yourself: “What are my goals and what am I trying […]
Read MoreWith inflation no longer ‘transitory,’ Warren Buffett is relying on these 3 stocks to come out on top After months of rising prices, the Fed’s claim that high inflation rates would be “transitory” is looking a bit transitory itself. “It’s probably a good time to retire that word and try to explain more clearly what […]
Read More