Weekend Money Markets Roundup January 20, 2024
A collection of our best posts of the week in money markets
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Pump, pump, pump pump it up! is what American oil producers have been saying for five years straight, since a prodigious increase in crude oil production in shale country helped make the US the largest crude pumper in the world. - Melvin Backman Read More
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The world’s richest men—Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, and Warren Buffett—have doubled their collective wealth to $870 billion since 2020. That’s a rate of $14 million an hour, with little sign of abatement, according to a new study (pdf) from the UK-founded charity organization Oxfam. - Morgan Haefner Read More
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US retail sales data for December came in stronger than expected on Wednesday (Jan. 17), with purchases jumping 0.6% from November to $615 million instead of the mere 0.4% that forecasters had predicted. In year-over-year terms, there’s been a bit of acceleration—to 5% growth—after nearly a year of cooling off following the post-covid-19-vaccine explosion of spending. - Melvin Backman Read More
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Bobbi Rebell of Financial Wellness Strategies tells Quartz the best ways to set yourself up for financial success in the new year
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David Dietze, senior investment strategist of Peapack Private Wealth Management, tells Quartz why Pfizer, Exxon, and Walgreens could be great investments