A law enacted after a brazen scheme to rig onion prices in the 1950s puts the vegetable, as well as box office receipts, off-limits for prediction markets.
Category: Commodities
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Gas Costs a Third More Than a Year Ago
The New York Times – Business:Energy prices have surged since the start of war with Iran, lifting inflation in the United States.
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Under Trump, Commodity Futures Trading Commission Scales Back Enforcement, Worrying Farmers
The New York Times – Business:The fate of two cotton brokers highlights how the Commodity Futures Trading Commission has scaled back its regulatory actions not just for crypto cases but also for the kinds of cases it has long policed.
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Victor Niederhoffer, Trader Who Went Boom and Bust (Twice), Dies at 82
The New York Times – Business:He pioneered a technique for using computers to predict short-term movements in stock prices, something that proved to be hugely lucrative — when it worked.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business:American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Ford Reports Higher Profit Thanks Partly to Tariff Refund
The New York Times – Business:Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business:The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
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The Iran War Has Prompted Some Companies to Raise Prices
The New York Times – Business:Delta Air Lines, Amazon, the United States Postal Service and others have said they are raising prices because of higher energy costs connected to the war in Iran.
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Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
The New York Times – Business:Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
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Europe Heads for Another Energy Shock in a Vulnerable State
The New York Times – Business:The region’s stores of natural gas are running at the lowest level in years, and filling them up is increasingly daunting as the U.S.-led war in Iran pushes up prices.