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U.S. diesel prices are hovering near record highs as the wars in the Middle East and Ukraine squeeze global refining capacity. A top European central banker warns high diesel prices could linger much longer. But some investors expect oil to tumble once the Strait of Hormuz reopens. The average price for a gallon (3.79
Cerebras Systems Inc. (NASDAQ: CBRS) shares are trading lower Tuesday as chip stocks weaken broadly, with rising oil prices and bond yields stoking inflation worries.
Economist Peter Schiff, co-founder of Echelon Wealth Partners, thinks that the decline of Elon Musk -led Space Exploration Technologies Corp. (NASDAQ: SPCX ) could signal the end of the artificial intelligence (AI) boom. Peter Schiff Chimes in on SpaceX Falling Close to IPO Price Schiff took to the social media platfor
ARK Invest CEO Cathie Wood says inflation could fall to between 0% and 1% over the next few years as productivity rises and labor costs ease, and expects Federal Reserve Chair Kevin Warsh to avoid tightening policy if price pressures ease