Daily Standup Top Stories Winter squeeze: Average energy bills could jump to £1,714 August 19, 2024 Mariel Alumit Energy bills across Britain might increase by 9% this winter, reaching an average of £1,714 a year for […]
NEW YORK, Aug 19 (Reuters) – Oil prices fell by more than $2 a barrel Monday on the prospect of successful Middle Eastern peace talks reducing supply risks, while leading oil importer China’s economic weakness […]
Aug 19 (Reuters) – APA Corp (APA.O), opens new tab is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could […]
By Wolf Richter for WOLF STREET. Starting today, China’s stock exchanges stopped releasing daily data on fund flows from overseas investors. Fund flows are a key sentiment indicator, and the sentiment of foreign investors has been morose as […]
Here I’m on Todd Miller’s Construction Disruption. He is the manufacturer of metal roof tiles and a commenter here on WOLF STREET. We discuss AI’s feared impact on CRE, the financialization of everything, including CRE, […]
Economist Adam Posen says the two campaigns diverge sharply on migration and the dollar, but have both proposed industrial policies that are “not fit for purpose.” Ever since Kamala Harris became the Democratic Party’s presumptive […]
By Wolf Richter for WOLF STREET. It was a big week for stocks, a huge week for Nvidia (+18.9%) and for Tesla (+8.1%), an even huger seven days for Nvidia (+25.9%), after the battering that they and markets […]
By Wolf Richter for WOLF STREET. The headlines about residential construction starts this morning were of the-end-is-nigh type: “New-home construction plunges to lowest level since May 2020.” They were triggered by the data from the Census Bureau on […]
By Wolf Richter for WOLF STREET. Our Drunken Sailors, as we lovingly and facetiously have been calling them for over a year, the pillars of the US economy, are still at it, splurging at retailers. Retail sales jumped […]
ExxonMobil Corporation XOM, the U.S. energy giant, has begun a workforce reshuffle, leading to layoff notices for 59 employees, per a Reuters report. This move is part of XOM’s broader workforce restructuring plan following its ($60 […]
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