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‘Perfect Storm’ for Airlines Facing Strong U.S. Dollar and High Oil Prices
Global airlines are grappling with a double whammy from the rare combination of a strong U.S. dollar and high oil prices at a time when broad inflationary pressures and worker shortages are also placing pressure on the pandemic-hit industry's recovery. The oil price and the U.S. dollar typically have an inverse relationship so that when one is high, the other is low,...
Oil Turbulence Could Last Five Years, ExxonMobil Boss Warns
Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the coronavirus pandemic.
Visualizing the Three Different Types of Inflation
What are the different types of inflation? Which economic forces impact each type? Below, we chart each over modern history.
With Markets in Disarray, International Investors Are Stockpiling U.S. Dollars; WSJ
Foreign investors, concerned about soaring inflation and a global slowdown, are keeping their cash in the U.S. currency
Existing Home Sales Drop -3.39% MoM In May, Price Growth At 14.8% YoY, Fed Stimulus Continues
Rising energy prices, rising home prices, rising mortgage rates, declining hope. But as The Federal Reserve begins to withdraw it Covid stimulus, existing home sales declined -3.39% in May from Apr…