Dallas-area home prices rocketed ahead by a record 23.7% in the latest national measure. Dallas’ year-over-year price increase in July was one of the largest in the country and ahead of the 19.7% nationwide gain in the latest S&P CoreLogic Case-Shiller Home Price Index. The increases from July 2020 were the largest ever reported in […]
Crude oil futures rose Wednesday, finding support after U.S. government data revealed that U.S. inventories declined for a seventh week in a row, but traded off the session’s high as gasoline stockpiles unexpectedly climbed. Overall, the report was bullish, but crude supplies are “only going to get worse in the coming weeks” because inventories are […]
Expanding its holdings further in the Delaware Basin, WaterBridge Holdings closed a transaction with Colgate Energy to acquire the produced water infrastructure associated with Colgate’s purchase of Occidental acreage in June. The companies entered into a 15-year produced water management agreement for all of Colgate’s operated acreage within Reeves and Ward counties, Texas. The acquired […]
U.S. stock markets staged a strong recovery overnight with the tech sector pushing the Nasdaq over 1% higher. Both the S&P 500 and Dow Jones gained around 1% with materials and mining rallying on positive economic news. But all eyes were on the Federal Reserve with Chair Jerome Powell making no change to the US$120 […]
If you make a cash donation to charity before the end of 2021, you can take advantage of expanded tax benefits approved under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This includes deductions up to $300 for individuals and $600 for married couples who gave cash donations to qualifying charities during 2021, the […]
Bank of America Global Research said it could bring forward its $100 per barrel oil price target to the next six months from mid-2022 if the winter is colder than usual, potentially driving a surge in demand and widening a supply deficit. A much colder than normal winter could lead global oil demand to surge […]
The Ways and Means Committee released the first draft of a major tax bill this week. While it is mostly aimed at increasing taxes to pay for other social policies and government infrastructure initiatives, there are a number of provisions that would change retirement planning. You can see a summary by the Ways and Means Committee here. […]
Natural gas prices have hit their highest levels since 2014, outpacing oil and many other commodities. On Monday, natural gas futures were trading up 2.6% to $5.09 per million British thermal units (BTUs), their highest settlement price since February 2014. Natural gas prices are up 117.6% in the year-to-date, while the biggest nat. gas benchmark, the United […]
The COVID-19 pandemic has been kinder to some real estate asset classes than others. Proactive investors can take advantage of opportunities with the potential to build wealth and generate income from investment real estate, particularly tax-advantaged investments. Not all investment real estate asset classes are created equal. Some pose much more inherent risk than others. […]
The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling. The Permian Basin, which straddles West Texas and New Mexico, has grown over the past decade to produce more oil than Iraq. But it has struggled […]
