(Bloomberg) — When the US borrows money, it needs to pay its loans back with interest—just like any other borrower. But America’s national debt is currently $34 trillion and rising. Soon, the US will need […]
The Finance Committee in the Iraqi parliament made a statement on 31 January calling for the sale of oil in currencies other than the US dollar, aiming to counter US sanctions on the Iraqi banking system. “The […]
Major EU clearinghouse Euroclear has revealed that it accrued almost $5 billion in profit from frozen Russian assets last year. In its financial results for 2023 published on Thursday, the Belgium-based company reported that net […]
By Wolf Richter for WOLF STREET. The Fed’s Quantitative Tightening continued on track in January. Total assets on the Fed’s balance sheet dropped by $51 billion in December, to $7.63 trillion, the lowest since March 2021, according to […]
As Powell said, the labor market is rebalancing; it’s still tight, but it’s not out of whack anymore. By Wolf Richter for WOLF STREET. Just briefly here, because we’re tracking actual employment counts versus widely trumpeted and scary […]
US LNG exporting giant Cheniere Energy and Cheniere Energy Partners have each been approved for uplisting to the New York Stock Exchange (NYSE) from the NYSE American. The common stock of Cheniere and the common […]
LNG giant Shell reported a drop in its adjusted earnings in the fourth quarter last year, while its LNG sales rose compared to the same period in 2022. The UK-based firm said its adjusted earnings […]
It’s premature to think rate cuts are right around the corner, we haven’t decided anything yet, it’s meeting by meeting, but in March no way Jose, I mean, that’s not my base case. By Wolf Richter for WOLF […]
Ok, so that push-back in the statement was unexpected. By Wolf Richter for WOLF STREET. The FOMC statement released today by the Fed after its two-day meeting pushed back aggressively against the market’s massive rate cut expectations this […]
Russia’s presidency of BRICS has resulted in a total revamp of the organization, South African sherpa Anil Sooklal has told RT in an exclusive interview. Sookhal, who is also his country’s sherpa for the G20 […]
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