On Tuesday 6/14/22, stocks went down by -14.15$. The S&P 500 is currently in a bear market. There are 2 types of markets: a Bear and a Bull. A bull market means the market is doing well and goes up a bear market is when a market goes down. They are called these names because a bull attacks up while a bear attacks downwards. In order for a market to enter a “bear market,” it must drop more than 20% from the recent high.
The average of the 10 closest gas stations from Tilden MS is now $4.91 and almost $5..... Crude oil continues to sour and does not appear to be coming down According to BankRate, oil prices in the U.S are around $4.24 nearly a full dollar above 2020 averages. (Although I'm sure you’ve seen higher prices) Certain gas stations are reaching nearly 10$ reaching $9.50 this is a record high - according to Fox Business.
***TODAY's ECONOMIC NEWS: FAA and airlines***
According to ABC7 airfares have increased 17% since last month 17%. According to CNBC both the FAA and airlines are both trying to find solutions for the delayed rides which happen 20% of the time. As well as the canceled ones which make up 4%. Some solutions currently are one from the FAA to fly lower altitudes to not be interfered with weather situations. However, this is not fuel-efficient another from American Airlines is to analyze traffic and potential weather changes to allow delays to be notified as early as possible. This plan is known as HEAT.
We just have to hope the economy gets better.
Cya tomorrow
TNN editors
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