Congress avoided a partial federal government shutdown this week by passing a spending resolution until early December. But the deal failed to address the US debt ceiling, which must be raised by Oct. 18 to avoid what Treasury Secretary Janet Yellen called a “calamity.”
Yellen was referring to a possible default on the debt by the US government. Such an unlikely event becomes more of a real possibility when congressional supporters play budget brothel games. Andrea Riquier describes the mechanics of an apocalyptic default scenario.
The rebound in energy values is not over
Growing demand for fuel at a time of production and supply disruptions has helped push up the price of West Texas Intermediate CL00 crude oil,
up 55% from 2021 to September 30, based on futures prices tracked by FactSet. You can see from the chart above that the S&P 500 SPX,
energy sector has lagged behind the price of oil this year.
Michael Brush argues that the rebound in oil trade is far from over and cites 12 energy stocks that can be good investments.
Learn more about the energetic action: The S&P 500 energy sector was the only port in a September storm for stocks
The latest ideas on money
To kick off the return of MarketWatch’s Best New Ideas In Money series, Emily Bary discusses how behavioral biometrics can help businesses and consumers prevent e-commerce fraud.
More new ideas:
Each whale is worth $ 2 million? Why it’s time to add the value of nature to GDP
Here’s what would happen if Americans could easily search for everyone’s salary
Another way for companies to go public
Companies wishing to go public have traditionally offered shares through an underwriting process, with an investment bank buying the shares and then selling them to the public after a lengthy formal filing process. But some companies simply list existing stocks on public exchanges where they can be traded. As part of the IPO Report series, Steve Gelsi interviews two executives who worked on SPOT from Spotify Technology,
direct registration and I think the streamlined process is better for investors.
More information on the IPO report: Sovos creates a line of small brands designed to take on the big food companies
American couple recount their retirement in Panama
You’ve probably heard good things about your visit or move to Costa Rica, but have you thought about Panama? Silvia Ascarelli writes Where should I retire? column. This week, she interviews Kris Cunningham, pictured playing bass in the photo above, who made her move with her husband to David, Panama a big hit.
Prepare for an expensive holiday season
The prices of holiday gifts could increase by 20% this holiday season due to supply disruptions, reports Tonya Garcia.
The economic argument for booster injections
Jaimy Lee interviews Andy Slavitt, a former White House health care adviser who argues COVID-19 booster injections can help the economy, although the science behind the decision to deploy them is uncertain.
Economics has been called by Thomas Carlyle “the gloomy science”. Recently, we have been faced with dismal economic relations. Mark Hulbert sees signs of a coming recession, based on consumer confidence data.
Learn more about the economy and its impact on investors: The biggest risk investors face this earnings season lurks just below the surface
And: US inflation is rising again and remains at its highest for 30 years, indicating prolonged pressure on prices
Improvements in the field of electric vehicles
Tesla Inc. TSLA,
is set to face new competition from a large number of competing automakers, some of which have the capacity to ramp up production quickly if they manage to give the public something to love. Austin Morris of Kelly Blue Book brings together electric models from dozens of Tesla competitors.
Other developments related to electric vehicles:
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