Monthly Archives: September 2022

Uranium prices rise toward the highest level since the Ukraine invasion as Europe’s energy crisis drives up nuclear bets

Uranium prices have soared this year as the global energy crisis drives up bets on nuclear power. Katie Walton-Day/US Geological Survey/AP Uranium prices have risen to trade close to the highest level hit since Russia invaded Ukraine. Europe’s energy crisis is fuelling bets on nuclear power, driving up uranium demand. Prices could rally again by…

Today’s mortgage and refinance rates: September 13, 2022 | Rates are up ahead of next week’s Fed meeting

All eyes are on the Federal Reserve as it gears up for another likely 75-basis-point rate hike at its meeting next week. Mortgage rates started increasing in late August as members of the Federal Open Market Committee — the committee that determines the Fed’s monetary policy — have indicated they’ll continue to act aggressively until…

August inflation data holds key implications for the Fed’s next move – here’s everything you want to know.

August’s Consumer Price Index data will have key implications for the Fed’s next move. Today, I’m breaking down what to look out for — and sharing what I learned from some of the sector’s best and brightest market-watchers. The data is out at 8:30 a.m. EDT, so let’s get started.  This post first appeared in…

Russian troops forced to retreat in Ukraine were meant to be elite forces tough enough to fight NATO, UK intel says

An abandoned Russian tank pictured in a village on the outskirts of Izyum in eastern Ukraine, on September 11, 2022. Juan Barreto/AFP via Getty Images The Russian troops forced to retreat in Ukraine had a big reputation, UK intel said. The UK named the 1st Guards Tank Army army among those who ceded vast parts…

NASA chief says everyone ‘poo-pooed’ Elon Musk’s SpaceX when it was pitted against Boeing but it has actually accomplished more than its rival

NASA administrator Bill Nelson said Elon Musk’s SpaceX was “poo-pooed” by critics. Graeme Jennings-Pool/Michael Gonzalez/Getty Images NASA’s Bill Nelson told Newsweek that critics “poo-pooed” SpaceX when it was bidding for the agency’s crew programs. Yet, SpaceX has accomplished a lot, compared with Boeing, he said. NASA has awarded SpaceX with 14 missions and Boeing with…

China is benefitting from LNG sales to Europe as some traders resell non-Russian cargoes at high prices while restocking with cheap Russian fuel

China’s been buying up discounted Russian liquefied natural gas, or LNG — the supercooled version of natural gas that can be transported on tanker ships. VCG/Getty Images Some traders in China are reselling non-Russian LNG cargoes to Europe at high prices. They then restock with Russian LNG bought at steep discounts amid sanctions and boycotts….

Donald Trump privately admitted he’d lost 2020 election while publicly claiming it had been stolen, book says

President Donald Trump returns to the White House from playing golf in Washington, DC on November 7, 2020, after Joe Biden was declared the winner of the 2020 presidential election. ANDREW CABALLERO-REYNOLDS/AFP via Getty Images President Donald Trump returns to the White House from playing golf in Washington, DC on November 7, 2020, after Joe…