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Oil Demand Surges, Pasta Prices Boil, The Penny Dies, and Housing Cracks
Energy isn’t cooling, grocery bills are spiking, and Washington just killed the penny.
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Energy demand is soaring. Housing costs keep breaking records. Everyday prices are rising again. And Washington just retired the penny after more than two centuries.
Top Stories of the Day:
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World Oil and Gas Demand May Keep Rising Until 2050, IEA Warns
The IEA says fossil fuel demand could keep rising for another 25 years — a shock reversal that defies clean-energy expectations. Find out why global energy markets are staying hotter for longer and what it means for oil stocks and inflation.
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U.S. to Mint Its Final Penny as Treasury Ends Production After 230 Years
After centuries in circulation, the U.S. is officially retiring the penny. Trump called it “wasteful” and ordered its end — but the move could have surprising effects on retailers, rounding rules, and the broader money supply.
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A 107% Pasta Tariff Could Leave U.S. Shelves Half-Empty and Prices Boiling
Imported Italian pasta may soon double in price as Trump’s Commerce Department hits Italian exporters with a 107% import duty. The fallout could stretch from supermarket aisles to Wall Street and your grocery budget.
Wall Street Isn’t Warning You, But This Chart Might
Vanguard just projected public markets may return only 5% annually over the next decade. In a 2024 report, Goldman Sachs forecasted the S&P 500 may return just 3% annually for the same time frame—stats that put current valuations in the 7th percentile of history.
Translation? The gains we’ve seen over the past few years might not continue for quite a while.
Meanwhile, another asset class—almost entirely uncorrelated to the S&P 500 historically—has overall outpaced it for decades (1995-2024), according to Masterworks data.
Masterworks lets everyday investors invest in shares of multimillion-dollar artworks by legends like Banksy, Basquiat, and Picasso.
And they’re not just buying. They’re exiting—with net annualized returns like 17.6%, 17.8%, and 21.5% among their 23 sales.*
Wall Street won’t talk about this. But the wealthy already are. Shares in new offerings can sell quickly but…
*Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.
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Why U.S. Housing Is So Unaffordable: The Real Reasons Behind America’s Broken Market
Zoning restrictions, land-use red tape, and misguided financial policy have made homes unattainable for millions. Here’s how America’s housing crisis became a systemic failure — and what could actually fix it.
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