Biggest home-price drops in the data going back to 2000 triggered by the biggest QT and highest rates in ECB history. By Wolf Richter for WOLF STREET. Germany is a great example of what ultra-low interest rates and […]
ESG funds are experiencing a decrease in new inflows and increased closures due to underperformance and investor withdrawal. Regulatory tightening, greenwashing exposure, and a return to oil and gas investments contribute to the declining appeal […]
International climate talks at COP28 can feel a little like Albert Einstein’s definition of insanity. Countries come to the table each year with similar requests and demands. Pledges are made to cut emissions, transition away […]
Britain’s economy unexpectedly contracted in the third quarter of the year, raising the possibility that the country is already in a recession, the latest data shows. Third quarter GDP dropped 0.1% from the previous quarter […]
But overall and “core” PCE price indexes decelerated, on plunging gasoline prices, a dip in food prices, and a continued big drop in durable goods prices. By Wolf Richter for WOLF STREET. The fly in the ointment in […]
Russia and China have completely abandoned the use of Western currencies, including US Dollar, in their bilateral trade, said Russian Prime Minister Mikhail Mishustin on Tuesday (Dec 19). While speaking during a meeting with his […]
Right now in the energy space, M&A activity is resurgent for several reasons. The first is the global realization that you cannot make an iPhone from a wind turbine and that the ESG investing movement […]
Russian supplier of Bitcoin mining solutions BitСluster is building a 120-megawatt (MW) data center in Ethiopia, the company has announced on its website. According to a press release issued on Thursday, the facility will be […]
Inflation is like so not defeated? Jacking up prices faster than costs are rising creates stunning profits. Strong demand sees to it that companies can do it. By Wolf Richter for WOLF STREET. Overall corporate pre-tax profits (excluding […]
Exxon Mobil is set to acquire Pioneer Natural Resources, which will increase its oil and gas sales and make it the largest player in the Permian Basin. The oil market balance is expected to be […]
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