T Bill's Plain Market Talk artwork

11/23/21 – Oil Prices Rising In Spite of Release of Strategic Reserve, Dollar Tree Now $1.25, Price Elasticity Explained, Zoom Taking a Hit, Jerome Powell Staying As Federal Reserve Chair

T Bill's Plain Market Talk

English - November 23, 2021 19:32 - 15 minutes - 14.3 MB - ★★★★★ - 10 ratings
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Previous Episode: 11/21/21 – Reading Stock Prices and an Introduction to Financial Statements

Next Episode: 11/27/21 – Friday’s Market Drop, Black Friday Sales Down 28%, Oil Down 13%, A Last Hurrah For Two Iconic Retailers, A Possible $1.6 Trillion Electric Vehicle Play, Enron’s 20th Anniversary

Hello everyone, it’s Bill Thompson – T Bill

Some of the things covered on today’s session include:

50 million barrels of oil being released from the strategic reserve

The reason for oil going up in price

Dollar Tree raising prices from $1 to $1.25

Price Elasticity explained

Zoom stock down on decreased demand

Jerome Powell staying as the Federal Reserve Chairperson

Fed challenges with implementing monetary policy

The three things companies must do to be successful in the long-term

Rivian ends partnership with Ford

Best Buy, Dick’s Sporting Goods, and Abercrombie Fitch stock down on supply chain issues