19 September 2022 Market Close & Major Financial Headlines: Wall Street Investors See Volatile Trading Ahead Of The Fed’s Next Possible 100-Point Rate Hike, Inflation Remains High

Iran Is Seeking Nuclear Guarantees Ahead Of New York Meeting

Iran on September 19 ruled out any bilateral meeting between Iranian and U.S. officials on efforts to revive a seven-year-old nuclear deal and floated a demand for “guarantees” as the UN General Assembly prepares to gather in New York this week. But Iranian Foreign Ministry spokesman Nasser Kanani said Tehran isn’t ruling out a meeting on the topic with world powers. The ministry statements followed the broadcast of a U.S. television interview with hard-line Iranian President Ebrahim Raisi in which he suggested Tehran “would be serious about reaching

Read more at: https://oilprice.com/Geopolitics/International/Iran-Is-Seeking-Nuclear-Guarantees-Ahead-Of-New-York-Meeting.html

Gasoline Prices See Longest Downward Streak Since 2015

U.S. gasoline prices fell for the fourteenth week in a row, according to a Monday note from GasBuddy. The national average gallon of regular gasoline fell 3.9 cents from a week ago to $3.64 per gallon on Monday, according to GasBuddy data. The downward trend in gasoline prices in the United States has continued for fourteen straight weeks, and is down 25.7 cents from a month ago. Gasoline prices compared to a year ago, however, are up 45.9 cents. With a 14th consecutive weekly decline, the national average price of gasoline has now

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Gasoline-Prices-See-Longest-Downward-Streak-Since-2015.html

Maduro: Venezuela Is Ready To Send Its Oil To The World

Earlier this year there were high hopes around the U.S. lifting its sanctions on Venezuela in the face of oil shortages and rising prices, due to the Russian invasion of Ukraine, allowing black gold to once again flow out of the South American oil giant. But this has not yet come to fruition. While some allowances were made for oil trade, Venezuela’s statement to the world is clear it is ready to pump and export huge amounts of its crude whenever given the chance. No matter how many times the U.S. government rejects Venezuelan

Read more at: https://oilprice.com/Energy/Crude-Oil/Maduro-Venezuela-Is-Ready-To-Send-Its-Oil-To-The-World.html

Germany’s Natural Gas Storage Will Last For Two And A Half Months

Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday. Gas storage capacity in Germany is almost 90% full, although the country no longer purchases gas at any price, the minister was quoted as saying. Gas storage sites in Germany were nearly 90% full as of September 18, higher than the EU average of 85.6% full storage, according to data from Gas Infrastructure Europe. The EU has achieved its 80% gas storage use target two months ahead of November 1, but

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Germanys-Natural-Gas-Storage-Will-Last-For-Two-And-A-Half-Months.html

Porsche IPO Set To Become Europes Largest Listing In Over A Decade

Volkwagen is looking to raise up to $9.4 billion from its forthcoming IPO of Porsche, a new report from Bloomberg says. That would make it Europe’s largest listing “in more than a decade”, the report says. The company said this weekend that, despite havoc in both European capital markets and European auto markets, it was seeking out a valuation of 70 billion to 75 billion euros for its listing, down from an 85 billion figure that was being tossed around prior. As the report notes, other forthcoming IPOs – like Intel’s planned IPO for

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Porsche-IPO-Set-To-Become-Europes-Largest-Listing-In-Over-A-Decade.html

New Energy Harvesting Tech Could Bring Power To Remote Regions

DGIST (Daegu Gyeongbuk Institute of Science and Technology in Korea) researchers developed a piezoelectric polymer/ceramic composite fiber with a cross-sectional form that is uniformly controlled to allow the use of energy harvesting technologies that can recycle energy wasted or consumed in everyday life. The results of this study have been published in Nano Energy. Piezoelectric fiber can produce electrical energy through the piezoelectric effect of the material and drive wearable electronic devices through the wearer’s movement. However, most

Read more at: https://oilprice.com/Energy/Energy-General/New-Energy-Harvesting-Tech-Could-Bring-Power-To-Remote-Regions.html

‘The Woman King’ poised for big box-office run after surprisingly strong opening weekend

During a lull in the movie calendar, “The Woman King” is generating the kind of buzz, and ticket sales, that the box office desperately needs.

Read more at: https://www.cnbc.com/2022/09/19/the-woman-king-poised-for-big-box-office-strong-opening-weekend.html

FAA rejects proposal to halve flight-time requirement for pilots as shortage prompts route cuts

The FAA’s decision comes as airlines grapple with a severe shortfall of pilots, which executives have blamed on service cuts, particularly to small cities.

Read more at: https://www.cnbc.com/2022/09/19/faa-rejects-republic-airways-proposal-to-halve-pilot-training-hours.html

More homebuilders lower prices as sentiment falls for ninth straight month

Fast-rising mortgage rates caused homebuilder sentiment to drop further into negative territory in September, and builders lowered prices.

Read more at: https://www.cnbc.com/2022/09/19/more-homebuilders-lower-prices-sentiment-falls-for-ninth-straight-month.html

Hilton to design astronaut suites, facilities for Voyager’s private space station Starlab

Hotel giant Hilton has signed on to design astronaut facilities for the private space station Starlab.

Read more at: https://www.cnbc.com/2022/09/19/hilton-partners-with-voyager-starlab-space-station-to-design-astronaut-suites.html

LIV Golf CEO Greg Norman visits Capitol Hill as the Saudi-backed league battles the PGA Tour

Greg Norman, who leads Saudi-backed LIV Golf, heads to Capitol Hill this week amid the league’s antitrust fight with the PGA Tour.

Read more at: https://www.cnbc.com/2022/09/19/liv-golf-ceo-greg-norman-visits-capitol-hill-as-saudi-backed-league-battles-pga-tour.html

Here’s how persistent high inflation may affect your tax bracket next year

With soaring prices, experts predict larger than usual IRS inflation adjustments for 2023. Here’s how it will affect your taxes.

Read more at: https://www.cnbc.com/2022/09/19/how-high-inflation-may-affect-which-tax-bracket-youre-in-next-year.html

How billionaire Jared Isaacman is using fighter jets to prepare his crew for private SpaceX missions

Billionaire founder Jared Isaacman is deep into training for the first launch of the Polaris Program, in partnership with Elon Musk’s SpaceX.

Read more at: https://www.cnbc.com/2022/09/19/spacex-astronaut-training-how-jared-isaacman-uses-fighter-jets-to-prepare.html

Why Ford is keeping its Mustang gas-powered as part of its electric vehicle push

Ford CEO Jim Farley believes keeping the iconic American brand gas-powered makes good business sense for the automaker for the foreseeable future.

Read more at: https://www.cnbc.com/2022/09/16/ford-ceo-jim-farley-reveals-why-2024-mustang-is-staying-gas-powered.html

Lunar tech company Intuitive Machines to go public via SPAC at close to $1 billion valuation

Lunar-focused space company Intuitive Machines announced Friday that it will go public via a SPAC in a deal that values the venture at about $1 billion.

Read more at: https://www.cnbc.com/2022/09/16/intuitive-machines-going-public-via-spac-near-1-billion-valuation.html

London’s Heathrow alters 15% of Monday flights for Queen Elizabeth II’s funeral

Britain’s busiest airport said it would reduce flights to avoid noise during queen’s funeral Monday.

Read more at: https://www.cnbc.com/2022/09/16/heathrow-alters-15percent-of-monday-flights-for-queen-elizabeth-iis-funeral-.html

Dow closes nearly 200 points higher, stocks snap two-day losing streak to start big Fed week

… After some brief hope over the summer that the Fed may be done with its aggressive tightening campaign, investors have been dumping stocks again on fears the central bank will go too far and tip the economy into a recession.

Investors are focused on the Fed’s policy meeting slated to begin Tuesday, where the central bank is expected to raise interest rates by another 75 basis points. Investors are also watching for guidance about corporate earnings before the next reporting season begins in October.

“We’re in a wait-and-see approach and markets are waiting for some kind of bullish or bearish catalyst to send us out of this trading range,” said Adam Sarhan, CEO of 50 Park Investments. “The markets are struggling for direction and that’s the fundamental news.”

Read more at: https://www.cnbc.com/2022/09/18/stock-market-futures-open-to-close-news.html

Canela.TV, a free Spanish-language streaming service with 23 million users, launches original shows

Canela.TV, available in the U.S., Mexico and Colombia is stepping further into the competitive streaming ecosystem with original content.

Read more at: https://www.cnbc.com/2022/09/16/spanish-language-streaming-service-canelatv-launches-original-shows.html

Tesla Is Hiking Supercharger Prices “Significantly” Across Europe

Prices are going up at the pump…err, we mean the Tesla Superchargers.

According to a new report from electrek, Tesla is increasing prices at its Supercharger stations “significantly” across Europe as the continent continues to deal with a sprawling energy crisis that shows no signs of slowing.

The additional price hikes come after Tesla has already increased prices throughout 2022.

“Due to an increase in energy prices, we are adjusting Supercharging pricing across Europe,” Tesla wrote in a letter to its owners in Europe this week. The rising prices not only are a burden for EV owners, but they are starting to challenge the narrative that EVs are cheaper to own and operate on a day-to-day basis.

“One of the biggest advantages of electric vehicles remains that their cost of operations is much lower than vehicles with internal combustion engines,” electrek wrote. But with rising prices at Superc …

Read more at: https://www.zerohedge.com/markets/tesla-hiking-supercharger-prices-significantly-across-europe

The Full $16Bn List Of What Biden Has Sent Ukraine

Authored by Raheem Kassam via Substack,

The U.S. military just told its own soldiers to use food stamps to keep their families fed during this ongoing period of high inflation, caused by the Biden regime’s own flawed economic analysis, coupled with the establishment’s COVID-19 lockdowns, and the war in Ukraine.

Which is why the full list of the $15bn+ in aid being sent to Ukraine by the U.S. government is likely to hit harder in the solar plexus.

According to the U.S. Department of Defense, there has been a whopping $15.8 billion “in security assistance to Ukraine since the beginning of the Biden Administration, including more than $15.1 billion since the beginning of Russia’s unprovoked and brutal invasion on February 24.”

Here’s a list of all your taxpayer-funded equipment that has been dumped into the most corrupt country in Europe:

Over 1,400 Stinger anti-aircraft systems;

Read more at: https://www.zerohedge.com/geopolitical/full-16bn-list-what-biden-has-sent-ukraine

Powerful Earthquake Shakes Central Mexico, Tsunami Warning Issued

A powerful earthquake has been detected 25 miles south-southeast of La Placita de Morelos, a small town in Michoacan, Mexico, near the Pacific coast.

United States Geological Survey (USGS) reported that the earthquake measured a magnitude 7.5.

Bloomberg reported buildings in Mexico City shook as a result of the earthquake.

Earthquake !!! Mexico City pic.twitter.com/tqsa0rQxdJ

— luis mendoza (@luicalo) September 19, 2022

Less than an hour after a nationwide earthquake drill in Mexico City, the ground actually started s …

Read more at: https://www.zerohedge.com/markets/powerful-earthquake-shakes-central-mexico-tsunami-warning-issued

US Gas Producers Struggle To Meet Demand: Kemp

By John Kemp, senior market analyst at Reuters,

U.S. shale drillers are struggling to meet strong demand for gas from domestic generators as well as customers in Europe and Asia scrambling for replacement supplies following Russia’s invasion of Ukraine.

Working inventories in underground storage amounted to 2,771 billion cubic feet on Sept. 9, the second-lowest for the time of year since 2010, according to data from U.S. Energy Information Administration (EIA).

Storage has been below the pre-pandemic five-year average continuously since late January and the deficit has shown no sign of closing despite prices well above long-term averages.

Read more at: https://www.zerohedge.com/energy/us-gas-producers-struggle-meet-demand-kemp

The Queen’s funeral: Which businesses are open and closed?

Here’s an at-a-glance guide to what is open and closed on the bank holiday to mark the Queen’s funeral.

Read more at: https://www.bbc.co.uk/news/business-62879563?at_medium=RSS&at_campaign=KARANGA

Queen’s funeral: Mourners faced severe rail delays to London and Windsor

Mourners returning home face disruption due to no trains heading in or out of a main London station.

Read more at: https://www.bbc.co.uk/news/uk-england-berkshire-62952485?at_medium=RSS&at_campaign=KARANGA

eBay bans the sale of Queen lying-in-state wristbands

Different colored bands that mark mourners’ place in the queue were being offered as memorabilia.

Read more at: https://www.bbc.co.uk/news/business-62946359?at_medium=RSS&at_campaign=KARANGA

Tech View: Nifty50 forms a Hammer-like candle; what should traders do on Tuesday?

The Nifty50 formed a Hammer-like candle on the daily charts, a bullish sign provided we see a follow-through in Tuesday’s session as well. A Hammer is formed after a price decline. It has a small real body and a long lower shadow. The Nifty50 opened higher, but bears pushed the index towards an intraday low of 17,429 before reversing the trend.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty50-forms-a-hammer-like-candle-what-should-traders-do-on-tuesday/articleshow/94305056.cms

Nifty Bank: Key levels to watch out for on Tuesday

Nifty Bank, which is near its 52-week high, was trading above 7 out of 8 SMAs. The index has to hold above 41,000 zones for an up move towards 41,250 and 41,500 zones, whereas supports are placed at 40,500 and 40,250 zones.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/nifty-bank-key-levels-to-watch-out-for-on-tuesday/articleshow/94308842.cms

India can move out of emerging markets pack to a standalone destination: Uday Kotak

When seen on a year-to-date basis, Nifty has gained 1.66 percent. On the other hand, the Dow Jones is down by over 15 percent, FTSE100 2 percent, the Shanghai index 14 percent, and Hang Seng nearly 21 percent.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/india-can-move-out-of-emerging-markets-pack-to-a-standalone-destination-uday-kotak/articleshow/94298366.cms

Market Snapshot: Stocks find momentum even as investors brace for more Fed tightening

U.S. stocks head higher in the final hour of trading after flipping between gains and losses as investors prepare for Federal Reserve rate decision this week.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7125-20E0A313476D%7D&siteid=rss&rss=1

‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages

Rocket, which owns Rocket Mortgage, Rocket Money, and more, is planning to diversify its approach to reach more consumers, on top of offering discounts to lower monthly payments.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7125-6B2E65FD0D03%7D&siteid=rss&rss=1

The Margin: Americans hate flying with these types of passengers the most (No. 2 is seat kickers)

Other issues include passengers who wear too much cologne or perfume and passengers who don’t pay attention to their children.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7125-742F67DE97EE%7D&siteid=rss&rss=1