Liabilities held by the public could exceed the country’s annual output as early as next year, according to the Congressional Budget Office US debt held by the public is expected to hit an all-time high […]
The political consultations between Ethiopia and Russia were praised by the African country’s foreign ministry Ethiopia’s first BRICS meeting since joining the group last month has been described as a “diplomatic victory” for the African […]
The much improved (or rather less horrible?) trade deficit was one of the reasons GDP was much stronger than expected. By Wolf Richter for WOLF STREET. The US trade deficit in goods and services in the year 2023 […]
Feb 8 (Reuters) – U.S. oil and gas producer Devon Energy (DVN.N), has approached Enerplus (ERF.TO), a peer with a market value of C$4 billion ($3 billion), with an acquisition offer, people familiar with the matter said on Thursday. […]
By Wolf Richter for WOLF STREET. Mortgage balances outstanding ticked up by 0.9% in Q4 from Q3, to a record of $12.3 trillion. Year-over-year, the increase was only 2.8%, according to data from the New York Fed’s Household […]
Energy poverty is real. But it can be cured. Sit back and enjoy a conversation with one of the world’s leading experts in ending energy poverty. NJ Ayuk is the executive chairman of the African […]
Britain Boiler Tax Scandal In the latest green fiasco, UK Prime Minister Rishi Sunak created a quota system that would require manufacturers to sell more heat pumps to households. Instead of meekly complying with the […]
The global oil market will require $14 trillion in investments over the next 20 years if oil-producing nations hope to be able to fulfill global energy demands through 2045, OPEC’s Secretary General Haitham al-Ghais said […]
Ørsted Danish offshore wind giant Ørsted is cutting jobs and exiting several markets after a “substantially challenging” 12 months and massive impairments and additional costs related to its US offshore projects. Ørsted said Wednesday it […]
Subprime doesn’t mean “low income.” It means “bad credit” – and some is high income. And subprime loans are coming home to roost. By Wolf Richter for WOLF STREET. The balance of auto loans and leases rose by […]
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