Business

Fund managers are increasingly making a “late cyclical” push, according to a closely watched monthly survey released on Tuesday.

American company Metro-Goldwyn-Mayer Studios, abbreviated as MGM, is one of the world's oldest movie studios, with a history spanning about a century. It is behind, among many other iconic films, the Rocky and Creed franchises, along with the James Bond franchise.

The median price of an existing, single-family detached home in the Los Angeles area rose to $725,000 in April, an increase of $45,000 from a month ago, mirroring a spike across California that brought the state’s median price above the $800,000 benchmark for the first time, a real estate group said May 17.

The gasoline shortage crisis on the US East Coast is slowly abating, according to industry data. The modest recovery comes as the country’s largest fuel pipeline was brought back to normal operations after a cyberattack.

The world’s most prominent cryptocurrency, bitcoin, has the potential to reach $100,000 in the current bull cycle despite the growing uncertainty and volatility, says Lyn Alden, the founder of Lyn Alden Investment Strategy.

Last month, Tesla revealed to its Solar Roof customers that it would be raising the price of the feature due to "added adjustments for individual roof complexity." Since then, a number of customers have taken the company to court, including one Pennsylvania couple who claimed their initial contract went from $46,084.80 to $78,352.66.

‘Intermediate-term momentum is positive, and short-term momentum is improving. Relative strength versus bitcoin has turned up, but seems fragile,’ says Fairlead’s Katie Stockton

The Consumer Price Index (CPI), which measures overall inflation of the U.S. dollar, rose 0.8% in April, capping off the largest 12-month jump in prices since the period ending September 2008 after the beginning of the Great Recession.

Panic-buying and fuel-hoarding after the recent outage of the Colonial Pipeline network is the cause of the US gasoline price spike, according to the chairman of Alfa Energy John Hall.

The nation’s two largest crude oil distillation units were shuttered on Sunday after it was reported that the Colonial Pipeline had suffered an “outage.”