Outside of two heroes that pushed down the overall indices, there isn’t anything benign about this PCE inflation data. By Wolf Richter for WOLF STREET. The PCE price index, released today by the Bureau of Economic Analysis, was […]
May 30 (Reuters) – EOG Resources (EOG.N) said on Friday it would acquire U.S. oil and gas firm Encino Acquisition Partners for $5.6 billion, including debt, to bolster its Utica shale position. The Utica and […]
“Spark30S (Atlantic) freight rates dropped for a fourth consecutive week, decreasing by $2,500 to $29,500 per day this week,” Spark’s data lead Qasim Afghan told LNG Prime on Friday. Meanwhile, Spark25S (Pacific) rates stayed steady at $20,750 […]
ENB Pub Note: This article was originally posted on LinkedIn by Jon Brewton, Founder and CEO of the AI company Data Squared. https://data2.ai/ I had the privilege of interviewing Jon in the first of our […]
Update on an ugly situation. By Wolf Richter for WOLF STREET. A key issue of the US government fiscal situation: What portion of the tax receipts are eaten up by interest payments on the monstrous and ballooning federal […]
Adios, “spring selling season.” By Wolf Richter for WOLF STREET. Pending home sales, a forward-looking indicator of “closed sales” of existing homes, plunged by 6.3% in April from March, seasonally adjusted, according to data from the National Association […]
Peter St Onge, Ph.D. is one of my favorite X personalities in the finance world. He just posted a great post, and it prompted me to do a little digging. I have also reached out […]
Eni is selling nearly half of its carbon capture business, which prompts me to pause and examine the overall market first. We have seen the failure of Shell and BP’s run at the green energy […]
Under QT, the ECB shed €3.1 trillion in bonds and loans. Separately, it wrote up its gold assets by €409 billion, or by 68%, to reflect soaring gold prices. By Wolf Richter for WOLF STREET. The ECB values […]
ENB Pub Note: Golar’s earnings call financial specifics are at the top, and the LNGPrime update follows. Golar LNG Limited (GLNG) held its Q1 2025 earnings call on May 27, 2025. Below is a summary […]
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