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HomeFinance

Finance

PPI
Commodities

PPI Inflation Spikes in Services and Finished Core Goods, Very Disconcerting

February 16, 2024 Mariel Alumit

Reheating services inflation isn’t a surprise. But the PPI for finished core goods saps hopes for goods “deflation” to continue to hold down overall inflation. By Wolf Richter for WOLF STREET. The Producer Price Index for final demand […]

investment
Climate Crisis

Big firms with $7 tn exit climate investment pressure group

February 16, 2024 Mariel Alumit

A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a climate change investor initiative that aims to pressure companies to quickly cut carbon emissions. JPMorgan Asset Management, which […]

Tucker Carlson
Crude Oil News

Tucker Carlson Visits a Grocery Store in Russia and Get’s Red Pilled – “Radicalized Against Western Leaders”….

February 16, 2024 Mariel Alumit

As Tucker Carlson talks about feeling “radicalized against western leadership,” I find myself rolling my eyes and saying, “welcome to the party pal.” But seriously, it’s good to see him awakening more people. When I […]

metals and mining
Critical Minerals

Strong metals and mining M&A activity set to remain over 2024 — report  

February 16, 2024 Mariel Alumit

  The industry saw a significant rise in M&A activity across metals and mining companies in 2023 driven by the global energy transition, a theme Fitch Solutions expects to continue in 2024. Fitch expects to […]

Tokyo Gas
Finance

Tokyo Gas expects half of overseas profit to come from US gas by 2030

February 15, 2024 Mariel Alumit

TOKYO, Feb 15 (Reuters) – Japan’s biggest city gas supplier Tokyo Gas Co Ltd 9531.Texpects that by 2030 its U.S. shale gas and related businesses, including trading and marketing, will contribute around 50% to its targeted overseas profit, its […]

Argentina
Bankruptcy

Inflation in Argentina catapults past 250%

February 15, 2024 Mariel Alumit

  Consumer prices in the South American country have soared since the devaluation of the peso by the new government Annual inflation in Argentina hit a three-decade high of 254% in January even as the […]

Canada
Finance

The Most Splendid Housing Bubbles in Canada: National Price Drops Further in January -18.3% from Peak. End of Easy Money

February 14, 2024 Stu Turley

Toronto single-family houses -20% from peak, condos drop to 2-year low. Vancouver -8% from peak, Hamilton -25%, Victoria -14%. But Calgary set new high. By Wolf Richter for WOLF STREET. House prices in Canada overall fell 1.2% seasonally […]

India and UAE
Finance

India and UAE ink deals on digital payments and infrastructure

February 14, 2024 Mariel Alumit

  During his two-day visit to the country, Modi will also unveil Abu Dhabi’s first Hindu temple, built at a cost of $84 million India and the United Arab Emirates (UAE) have signed several agreements […]

BRICS
BRICS

BRICS will overtake G7 in economic might by 2028 – Dilma Rousseff 

February 14, 2024 Mariel Alumit

  The group will account for 40% of global GDP within four years, the head of the New Development Bank has said The BRICS member states will overtake the G7 in terms of share in […]

Powell
Finance

Beneath the Skin of CPI Inflation, January: Powell’s Gonna Have a Cow when he Sees the Spike in “Core Services” Inflation

February 13, 2024 Mariel Alumit

By Wolf Richter for WOLF STREET. We’ll start with the “core services” CPI (services minus energy services) because this is so crucial, and because Powell keeps talking about it. We have been concerned here for months about the refusal […]

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