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Stocks fall on Fed rate hike bets, yen hits fresh 24-year low

Stocks fall on Fed rate hike bets, yen hits fresh 24-year low

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 7 (Reuters) – European stock markets fell on Wednesday after U.S. economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen. U.S. Treasury yields jumped and the dollar received a boost …

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SMUD preparing for rolling blackouts as Sacramento hits record temps. Here’s how they’d work

SMUD preparing for rolling blackouts as Sacramento hits record temps. Here’s how they’d work

On a day forecast to become the hottest in city history, Sacramento Municipal Utility District said it “anticipates energy shortfalls” that may lead to rolling power outages Tuesday afternoon or evening, a measure SMUD has not taken in more than two decades. The utility company in social media posts Tuesday morning said “record demand” has …

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AMD Ryzen 7000 CPUs Run Real Hot With Ryzen 9 7950X Hitting Up To 95C at 230W 1

AMD Ryzen 7000 CPUs Reportedly Run Hot, Ryzen 9 7950X Hits Up To 95C Thermal Threshold at 230W, Ryzen 5 7600X Up To 90C at 120W

New reports regarding the thermal performance of AMD’s Ryzen 7000 CPUs have been shared by Enthusiast Citizen over at Bilibili & it looks like the upcoming Zen 4 chips will require serious cooling hardware to keep them tame. AMD Ryzen 7000 CPUs Run Real Hot With Ryzen 9 7950X Hitting Up To 95C at 230W …

AMD Ryzen 7000 CPUs Reportedly Run Hot, Ryzen 9 7950X Hits Up To 95C Thermal Threshold at 230W, Ryzen 5 7600X Up To 90C at 120W Read More »

US Natural Gas Spikes 81% in 7 Weeks, Hits New 14-Year High, Unwinds Plunge in June and July

US Natural Gas Spikes 81% in 7 Weeks, Hits New 14-Year High, Unwinds Plunge in June and July

Not all commodities are plunging: Game of Inflation Whac A Mole. By Wolf Richter for WOLF STREET. Here we go again. This morning, the notoriously volatile natural-gas futures, which have taken down numerous hedge funds over the years, jumped to nearly $10 per million Btu and currently trade at $9.75, the highest since July 2008, up 146% from …

US Natural Gas Spikes 81% in 7 Weeks, Hits New 14-Year High, Unwinds Plunge in June and July Read More »

China's growth forecasts slashed as heatwave hits industrial heartlands

China’s growth forecasts slashed as heatwave hits industrial heartlands

The extreme weather comes at a time when the world’s second largest economy is already slowing because of strict Covid-19 lockdowns and a real estate crisis. The heatwave has added further strain to the economy, with some provinces shutting factories to save power. Goldman Sachs cut its forecast for China’s GDP growth this year to …

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UK inflation hits new 40-year high of 10.1% as food and energy price surge continues

UK inflation hits new 40-year high of 10.1% as food and energy price surge continues

Liz Truss and Rushi Sunak during The Sun’s Showdown: The Fight for No10, the latest head-to-head debate for the Conservative Party leader candidates. The next prime minister will be forced to confront a historic cost of living crisis as food and energy prices soar and real income shrinks. Dominic Lipinski | Pa Images | Getty …

UK inflation hits new 40-year high of 10.1% as food and energy price surge continues Read More »

Futures: Inflation Data Due; Musk Sells More Tesla Stock

S&P 500 Hits Pause At Key Level; Musk Scores Own LOL With Tweet

Dow Jones futures rose slightly early Wednesday morning, along with S&P 500 futures and Nasdaq futures. Tesla CEO Elon Musk tweeted Tuesday night that he was going to buy the Manchester United soccer club, later clarifying that he was joking. X The stock market rally had a mixed Tuesday, with the major indexes backing off …

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Bitcoin price hits multiday low as data warns of ‘overbought’ stocks

Bitcoin price hits multiday low as data warns of ‘overbought’ stocks

Bitcoin (BTC) sank to intraday support on Aug. 16 as concerns emerged over the fate of United States stock markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. stocks face stiff resistance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $23,685 on Bitstamp, nearing lows from Aug. 12. After an eerily calm 24 hours, …

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Deals: Apple's M2 MacBook Air Hits Best-Ever Prices Thanks to $100 Discount at B&H Photo

Deals: Apple’s M2 MacBook Air Hits Best-Ever Prices Thanks to $100 Discount at B&H Photo

Apple’s new M2 MacBook Air has begun seeing some of its first notable discounts on B&H Photo today, including markdowns on both 256GB and 512GB models. Amazon did have the 256GB model on sale earlier, but it quickly expired, so B&H Photo is currently the only major retailer with the sale. Note: MacRumors is an …

Deals: Apple’s M2 MacBook Air Hits Best-Ever Prices Thanks to $100 Discount at B&H Photo Read More »

NYC rent hits a new record, no break for New Yorkers in sight

NYC rent hits a new record, no break for New Yorkers in sight

These small-town blues, they are melting away. I’ll make a brand new start of it in old New York — but will I be able to pay? Record-high New York City rents, following a pandemic-era plunge into record lows, continue to hit all-time, and bank-busting, highs — and July was no different. That’s according to …

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