Multiple market players are now expecting the Federal Reserve to lower rates during the summer. The interplay between the Federal Reserve and monetary policy for BitcoinBTC 0.0% has been an interesting one, and one that goes much deeper than […]
TULSA, Okla.–(BUSINESS WIRE)–Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana today announced operational and financial results for the […]
California-based electric vehicle startup Fisker slashed the prices of some of its vehicles as it fights to avoid bankruptcy after a potential deal with another automaker fell through. The manufacturer’s suggested retail price for the 2023 Ocean […]
Biggest Drunken Sailors of all. Average interest rate on the Treasury debt spiked but is still only half of what it was in 2001. By Wolf Richter for WOLF STREET. Interest payments as a percent of tax receipts is […]
Daily Standup Top Stories Big Tech’s Latest Obsession Is Finding Enough Energy March 24, 2024 Stu Turley HOUSTON—Every March, thousands of executives take over a downtown hotel here to reach oil and gas deals and haggle […]
Tax expert says economic damage from Baltimore bridge collapse is ‘hard to comprehend’ The impact of the Francis Scott Key Bridge disaster in Baltimore is “hard to comprehend” when it comes to the local economy […]
Notwithstanding €billions in subsidies, Sweden’s embattled wind industry is on the brink of total financial collapse. The majority of Swedish wind power outfits are underwater, bleeding cash and have no hope of recovery. In the […]
By Wolf Richter for WOLF STREET. The core PCE price index, the inflation index that the Fed is focused on and refers to all the time, was revised up today for January to an annualized month-to-month growth rate […]
TOKYO: Japanese trading house Mitsui & Co said on Friday it has reached a final investment decision to develop Vietnam’s Block B gas field, with its share of development cost of about $740 million. The […]
SLB (NYSE: SLB) today announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale. Bringing together complementary technology portfolios, leading process design expertise and […]
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