The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. With the inflation rate easing and […]
As the year draws to a close, stock-market professionals can recite a litany of explanations for why the U.S. market has marched higher this year. But a group of Wall Street strategists believe chalking up […]
MOSCOW – Last week, Russian President Vladimir Putin made a notable pit stop in the UAE and Saudi Arabia to meet, respectively, Emirati President Mohammad bin Zayed (MbZ) and Saudi Crown Prince Mohammad bin Salman […]
14 Dec, 2023 09:38 HomeBusiness News The president has praised the country’s economic performance in his annual address The Russian economy has shown strength and stability in the face of outside pressure, with GDP expected […]
Lowers GDP growth projections and PCE inflation projections for 2024. By Wolf Richter for WOLF STREET. The FOMC voted unanimously today to keep its five policy rates unchanged, with the top of its policy rates at 5.50%. It […]
The following content is sponsored by the Copper Development Association The State of Copper Recycling in the U.S. Copper is essential for a low-carbon economy due to its crucial role in renewable energy technologies. As […]
Oil Price The Permian basin saw a surge in mergers and acquisitions this year, with the total value already exceeding a record $100 billion, led by the mega deals announced by ExxonMobil and Chevron, energy […]
But gasoline plunged and durable goods dropped. Food rose further from already painfully high levels. By Wolf Richter for WOLF STREET. Inflation in services accelerated in November for the second month in a row, to an annualized rate […]
The following content is sponsored by the EnergyX Can We Meet Tomorrow’s Lithium Demand? Lithium is one of the world’s most critical natural resources and is central to our push toward sustainable energy. In this […]
Yahoo Finance Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin, the top U.S. oilfield, at between $25 billion and $30 billion, according […]
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