By Wolf Richter for WOLF STREET. How corporate profits spiked during the inflation-shock of 2021 and 2022 was amazing to watch: The pricing power companies suddenly had to hike prices and pump up profits because their customers were […]
This buildup of completed single-family houses is a factor in resolving the price dislocations of the overall housing market. By Wolf Richter for WOLF STREET. Inventory of new completed houses jumped by 46% year-over-year, and by over 200% […]
By Wolf Richter for WOLF STREET. The US national debt has ballooned so fast to $35.3 trillion – by $12.0 trillion since January 2020 – that it’s mindboggling, especially in a growing economy. And every single one of […]
CHEYENNE, Wyo. — In a new release, the Bureau of Land Management announced that it will be leasing a total of 4,641.95 acres of land over eight separate parcels for oil and gas production beginning […]
“The “reacceleration of inflation” suggests “the Fed cannot totally shift its focus away from its inflation target.” By Wolf Richter for WOLF STREET. Underlying inflationary dynamics are picking up steam, after having cooled a lot. Today, S&P’s preliminary […]
By Wolf Richter for WOLF STREET. The Treasury yield curve is un-inverting piece by piece, but not in the way future homebuyers want: before and since the rate cut, shorter-term Treasury yields have fallen, driven by the Fed’s […]
Weekly Daily Standup Top Stories Why Kamala Harris Would Be A Total Disaster For American Energy September 15, 2024 Stu Turley The Biden-Harris administration’s whole-of-government war on energy perpetuates a very bleak vision of our nation’s […]
By Wolf Richter for WOLF STREET. The thing about Ford pickup trucks is that they used to be the #1 bestseller of all models in the US much of the time. Other full-size trucks were near the top […]
Conclusion on Oil Price Forecasts for 2024 The consensus among market analysts indicates that oil prices will likely remain elevated for the remainder of 2024, with projections suggesting an average price range for Brent crude […]
Oil prices are on track to post a second weekly gain as bullish sentiment builds and the prospect of a prolonged price rally becomes increasingly likely. Friday, September 20th, 2024 Oil prices are set to […]
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