Weekend Money Markets Roundup January 20, 2024

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Photo: Elizabeth Conley/Houston Chronicle via Getty Images (Getty Images), Joe Raedle (Getty Images), NBCU Photo Bank/NBCUniversal via Getty Images (Getty Images)

A rancher in a cowboy hat looks at a leaky oil pump jack.

Photo: Elizabeth Conley/Houston Chronicle via Getty Images (Getty Images)

Jeff Bezos is wearing space gear and a cowboy hat and is walking on a tarmac.

Photo: Joe Raedle (Getty Images)

The world’s richest men—Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, and Warren Buffett—have doubled their collective wealth to $870 billion since 2020. That’s a rate of $14 million an hour, with little sign of abatement, according to a new study (pdf) from the UK-founded charity organization Oxfam. – Morgan Haefner Read More

A Superman balloon float.

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US retail sales data for December came in stronger than expected on Wednesday (Jan. 17), with purchases jumping 0.6% from November to $615 million instead of the mere 0.4% that forecasters had predicted. In year-over-year terms, there’s been a bit of acceleration—to 5% growth—after nearly a year of cooling off following the post-covid-19-vaccine explosion of spending. – Melvin Backman Read More

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