New Vehicle Inventory Stuck Near Record Low, Shortages Shift to Fuel-Efficient Cars, Prices Hit Record. But Used Vehicle Price Spike Runs out of Fuel amid Plenty of Supply

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Still the strangest auto market ever. By Wolf Richter for WOLF STREET. The inventory shortages at new vehicle dealers continue unabated, and inventories remain desperately low, but the shortages are shifting, as demand has shifted, and there is now supply piling up, for example at Ram dealers, while fuel-efficient vehicles are essentially sold out, and EV models have … Read more

Gold price holding its ground as the Federal Reserve raises interest rates by 75 bass points

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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The gold is seeing some modest buying pressure even as the Federal Reserve expects to continue to tighten monetary policy … Read more

The Most Splendid Housing Bubbles in America, July Update: Whittling Down the Crazy Price Spikes

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First signs the juice is coming out, with several months lag. By Wolf Richter for WOLF STREET. Signs are now everywhere that the crazy housing market is turning the corner. Earlier today the Census Bureau reported some chilling data on new house sales and prices, which plunged in June, as inventory surged to the highest since 2008. The … Read more

Bitcoin price falls under $21K, bringing more capitulation or just consolidation?

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On July 26, Bitcoin (BTC) price dropped below $21,000, giving back the majority of the gains accrued in the previous week and returning to the $23,300 to $18,500 range that Glassnode analysts describe as “the Week 30 high and Week 30 low.”  A handful of analysts and traders attribute the July 26 to July 27 … Read more

Meta Quest 2 VR headset price jumps $100 to $399, gets zero new features

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Enlarge / This week for Meta and its Quest 2 VR system, it’s all about the Benjamins. One Benjamin more, to be specific. Aurich Lawson | Getty Images | Meta Many categories in consumer tech have seen substantial jumps in cost over the past two years due to a strained supply chain, chip shortages, and … Read more

Biden just took a page out of Trump’s vaccine playbook to solve gas price problems

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The Biden administration has released crude oil from the government’s stockpiles to combat skyrocketing gas prices. Now, in addition to more releases, the administration wants to strike up contracts to replenish the stockpile. It resembles Trump’s Operation Warp Speed guarantees to buy Covid vaccines from biotech and pharmaceutical companies. Loading Something is loading. The government … Read more

IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast

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Bitcoin (BTC) fell below $21,000 for the first time in eight days on July 26 as Wall Street prepared for a decision on United States’ anti-inflation policy. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed jitters test market resolve Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ending a period of sideways action on the … Read more

Charles Barkley names his price to join LIV Golf and the outrage that comes with it

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While golfers have tiptoed around their negotiations with LIV Golf and frequently bristle at questions about the league, Charles Barkley is taking no such tack. The Basketball Hall of Famer and TNT broadcaster is approaching his flirtation with the controversial Saudi Arabia-backed golf league as he does most subjects — with candor. Barkley, who’s acknowledged … Read more

3 signs Bitcoin price is forming a potential ‘macro bottom’

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Bitcoin (BTC) could be in the process of bottoming after gaining 25%, based on several market signals.  BTC’s price has rallied roughly 25% after dropping to around $17,500 on June 18. The upside retrace came after a 75% correction when measured from its November 2021 high of $69,000. BTC/USD daily price chart. Source: TradingView The recovery … Read more