The spread between natural gas prices from the Waha Hub in West Texas — near the prolific Permian Basin — and Louisiana’s benchmark Henry Hub price has widened this year due to pipeline maintenance constraints in the Permian basin and production levels:
Only 34.9% of eligible Americans over age 5 have received a COVID-19 booster shot since the first batch was made available last year. For children under 5 years old, just 325,000 have received both standard shots.
A recent Gallup poll found that 1 in 3 U.S. workers are “very” or “moderately” concerned about catching COVID-19 after returning to work.
The U.S. Federal Reserve is likely to raise interest rates by another 75 basis points today to rein in inflation. Expectations for higher rates have bolstered the U.S. dollar, which remained near a two-decade high against peers on Tuesday.
U.S. homebuilding surged to an annualized rate of 1,575 million units in August, led by a 36-year high in the construction of multifamily properties. Lumber futures rebounded from a one-year low on the news.
Higher rents are emerging as a major driver of overall U.S. inflation, remaining elevated when prices for many other products and services are starting to ease. Rents for single-family homes were up 12.6% in July compared with the year-ago period.
Pandemic staffing shortages at U.S. restaurants are easing, industry leaders say.
Walgreens Boots Alliance plans to buy the remaining 29% stake it does not already own in specialty pharmacy Shields Health Solutions for $1.37 billion as the firm diversifies beyond standard drugstores.
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