The average price for a gallon of regular gasoline in the U.S. continues to gain.The price started rising again a little over a week ago, after declining for nearly 100 days in a row during the summer driving season.The average price a week a go was $3.685. Diesel is priced at $4.878 a gallon.Shares in the Porsche IPO are gaining 2% at $81.15 in the debut in Frankfurt trading.
Germany’s Volkswagen AG said Wednesday it had priced the initial public offering of shares at the top end of the targeted range, putting the IPO on track to become one of Europe’s largest in more than a decade, according to the Wall Street Journal.The deal ranks Porsche among the top five biggest car markers measured by market value behind its parent company VW, but ahead of German rival Mercedes- Benz Group AG, which is valued at more than $56 billion.
The strong dollar, demand worries and concerns over the faltering global economic outlook is impacting market sentiment.Both benchmarks had rebounded in the prior two sessions, after reaching nine-month lows this week, after a temporary dive in the dollar index and a larger-than-expected drawdown of U.S. fuel inventory.
Bitcoin was trading around $19,000, after rising in three of the last four days. In the past week, Bitcoin has gained more than 4%. For the month, the cryptocurrency was lower by more than 3%. Bitcoin is also down more than 57% year-to-date.Dogecoin was trading at 6 cents, after gaining more than 5% in the past week.
This drop is on the business media. Keep bringing on pundits and asking “if” we are headed for recession, when we have been in a recession ALL of 2022.
we are in deep trouble and frankly in a depression...not a recession