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Finance & Markets

Why the Bond Market Has Everyone On Edge

On today’s Big Take podcast, Bloomberg’s John Authers joins guest host Stacey Vanek Smith to talk through why the current action in the bond market could be a correction instead of a crisis. Listen wherever you get your podcasts. (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Labor Day Gasoline Just Hit a Record. Here’s What Comes Next

Beyond its historical roots as a day to honor the achievements and contributions of workers, Labor Day has emerged as one of the largest retail sales weekends of the year in the U.S., second only to Black Friday.

  • Labor Day marks record $4.15/gallon average for unleaded gasoline, 30% increase from last year
  • Diesel prices surge to $5.90/gallon, up from $3.70 a year ago
  • High fuel costs deter holiday road trips, domestic airfares up 20%

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