Author: Tobias Burns

Stocks continue to fall, enter bear market

The S&P 500 index of major U.S. stocks continued a 7-week decline on Friday to fall 20 percent since January, officially meeting the definition of a bear market. The index hit 3837 on Friday afternoon, down from a January high of around 4800 points. The Dow Jones Industrial Average fell below 30,830, dropping more than…

Export bans abroad threaten to push sky-high food prices even higher

Soaring food prices both in the U.S. and abroad have prompted countries to ban exports of core agricultural commodities, causing domestic food prices to further increase and leading agronomists wondering what additional crops could face supply constraints on their way to grocery stores. Food inflation in the U.S. is already at a 40-year high, with the annual index…