Spanish farmers on Wednesday (21 February) staged their biggest rally yet since protests began two weeks ago, as the ruling Socialist party and the centre-right opposition clashed in parliament over border controls and ‘mirror […]
Inflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around. By Wolf Richter for WOLF STREET. The average conforming 30-year fixed mortgage rate rose to 7.0% […]
An abandonment of reason is among the symptoms of a nation suffering from a collapse in the prevailing narratives Bloomberg recently foretold the end of Germany’s days as an industrial power in an article that […]
Multifamily lending ballooned 32% from early 2020, powered by low interest rates and soaring rents. Now there’s a price to pay. By Wolf Richter for WOLF STREET. The multifamily segment of Commercial Real Estate doesn’t face the structural […]
Daily Standup Top Stories Shocking development: Biden plans to roll back rule designed to juice EV push on country February 19, 2024 Mariel Alumit The Biden administration is planning to slow down the rollout of a rule that was designed […]
When the world’s most valuable lithium company last year announced plans for a $1.3 billion plant in South Carolina, local officials hailed it as transformative for the Palmetto State. The high-tech project from Charlotte, N.C.-based […]
US LNG exporter Venture Global LNG has requested more time from the US FERC to complete the commissioning of its Calcasieu Pass LNG export terminal in Louisiana. Calcasieu Pass produced its first LNG on January 19, 2022, […]
Daily Standup Top Stories Even the World’s Biggest Electric-Vehicle Market Is Slowing February 18, 2024 Stu Turley HONG KONG—Chinese electric-vehicle makers that enjoyed years of explosive growth now face a slowdown in domestic demand, spurring them to push […]
Four decades of history say it’s not over until the 2-year yield overshoots the EFFR. It has undershot for a year, and inflation is taking off again. By Wolf Richter for WOLF STREET. Inflation surprised in 2023 with […]
The long-running collapse of Chinese stocks has wiped out trillions of investment dollars and delivered another blow to an economy beset by property crisis, slow growth, and deflation, and has added uncertainty about Beijing’s very support […]
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