Weekly Daily Standup Top Stories Israel-Iran: A strike on oil assets could revive inflation October 12, 2024 Stu Turley When Iran launched a barrage of some 180 ballistic missiles at Israel a week ago — causing little damage or casualties — Israeli Prime […]
By Wolf Richter for WOLF STREET. How corporate profits spiked during the inflation-shock of 2021 and 2022 was amazing to watch: The pricing power companies suddenly had to hike prices and pump up profits because their customers were […]
Wolf Richter with Adam Taggart on Thoughtful Money. Source: Wolfstreet.com Take the Survey at https://survey.energynewsbeat.com/ 1031 Exchange E-Book Crude Oil, LNG, Jet Fuel price quote ENB Top News ENB Energy Dashboard ENB Podcast ENB Substack
What a bummer. Services are two-thirds of the economy; as long as they’re firm, the economy will plug along just fine, even as manufacturing stalled. By Wolf Richter for WOLF STREET. US service sector activity, driven by new […]
By Wolf Richter for WOLF STREET. In the 20 countries that use the euro, inflation in services increased again by 4.1%, same increase as in May – and both were the highest since October. The service CPI has […]
NEW YORK, May 28 (Reuters) – Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of […]
“It seems unlikely that yields are going to go back to being as low as they were before the pandemic”: Yellen. By Wolf Richter for WOLF STREET. By now everyone sort of knows that inflation has been re-heating […]
Four decades of history say it’s not over until the 2-year yield overshoots the EFFR. It has undershot for a year, and inflation is taking off again. By Wolf Richter for WOLF STREET. Inflation surprised in 2023 with […]
WASHINGTON — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years. The U.S. Treasury […]
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 […]
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