War sparks largest-ever outflow from European stocks
Investors are shedding huge amounts of European stock-market exposure. Analysts at...
Investors are shedding huge amounts of European stock-market exposure. Analysts at Bank of America said in a note last week that the war in Ukraine kicked off the largest ever outflow from European equities in a single week, with investors pulling a record $13.5 billion from the market.
That number more than doubles the previous week's record-setting outflows, according to funds tracker EPFR.
"Russia's assault of Ukraine, and the increasingly indiscriminate approach taken by Russia to sustain that assault, forced European-focused investors to weigh a range of possibilities ranging from recession in key markets to a broadening of the current conflict," EPFR said.
Four-dollar gasoline hits Oklahoma. The American Automobile Association reported Sunday...
Four-dollar gasoline hits Oklahoma. The American Automobile Association reported Sunday that while the state’s average was only $3.86, at least six counties had averages above $4 including Coal County with the highest level at $4.13 a gallon for regular gasoline.
Oklahoma’s new average of $3.86 is 26 cents higher than one week ago and 71 cents more than a month ago. Last year at this time, Oklahoma’s average was $2.66.
As of Sunday, AAA reported the national average was $4.32 a gallon. It also determined through a nationwide poll that for many Americans, 59%, a national average price of $4 is enough to force them to make changes in their driving habits or lifestyle.
From Twitter: Oil resumed its decline after Iran carried out a missile strike in Iraq
Oil resumed its decline after Iran carried...
Oil resumed its decline after Iran carried out a missile strike in Iraq, while Russia’s bombardment of Ukraine prompted more calls to sideline the OPEC+ producer https://t.co/9QBEk0Bjaq
The Russian strikes could impede what has been a vital lifeline for Ukraine and bring the war perilously close to the country’s border with Poland. U.S. national security adviser Jake Sullivan warned of a full-fledged NATO response if a Russian strike were to hit member-state Poland, even in the event of an accidental or unintentional strike by Russia. ~WSJ
Soaring gas prices prompt electric vehicle conspiracy theories
(AP) — Some social media users suggest that soaring fuel prices in the U.S. aren’t the result of Russia’s...
(AP) — Some social media users suggest that soaring fuel prices in the U.S. aren’t the result of Russia’s invasion of Ukraine, increased consumption or supply chain issues as daily life resumes after two years of stagnation brought on by the coronavirus pandemic.
Instead, the flurry of Facebook and Twitter posts offer, without evidence, that a nefarious scheme is underway: President Joe Biden’s administration is intentionally driving up the price of gas to get more American drivers behind the wheel of an electric car.
“$6.00 a gallon gas is how you get people to buy electric cars,” claims one popular meme, shared thousands of times across Facebook and Instagram since Tuesday.
