The US government will “go de facto bankrupt” unless it reins in its rising debt, Elon Musk has warned. The billionaire is set to co-lead a new department tasked with curbing spending under President-elect Donald […]
Housing Bust 2 reverses part of the “Housing Crisis” when people with good incomes could no longer afford to live in the City. By Wolf Richter for WOLF STREET. The big decline in tech employment in San Francisco […]
Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch. The acquisitions comprise all third-party interests in the asset, including 5.45% common […]
A hot question for an iffy situation. So here are the holders as of Q3. By Wolf Richter for WOLF STREET: The US national debt keeps ballooning at an amazing rate and has now reached $36.16 trillion. These […]
California Dems are requesting over $500M from Biden for its troubled high-speed bullet train defunded by Trump after Newsom canceled it. As Breitbart News reported, Trump withheld $1 billion in funding from the project after […]
The new countries will join the economic group as partner states from January 1, presidential aide Yuri Ushakov has said Nine countries will officially join BRICS as partner states in January, Russian presidential aide Yuri […]
State-owned Adnoc said on Monday that Adnoc Trading’s LNG desk has recently signed a supply agreement with Thaliand’s Gulf LNG, a unit of Gulf Energy Development. “The first cargo of LNG under this agreement, which […]
Lennar shocked the market by saying it’ll address this situation with further price cuts; its average price to drop by 16% from the peak in 2022.
TotalEnergies French energy giant TotalEnergies has bought a majority stake in two wind farms offshore Denmark. The French company acquired an 85% share in the 240MW Jammerland Bay and a 72.2% share in the 165MW […]
Gov. J.B. Pritzker announced nearly $20M for 70 zero-emission buses at nine Illinois school districts, costing $284,000 each. Taxpayers are set to jolt the struggling electric bus industry after Gov. J.B. Pritzker announced nearly $20 million for […]
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