Laredo Oil, Inc., an oil exploration and production company with over 30,000 net acres of mineral rights in the West Fork field located north of the Fort Peck reservation in Montana, today announced that it […]
Chinese state-sponsored hackers breached the US Treasury Department’s computer security guardrails this month and stole documents in what Treasury called a “major incident,” according to a letter to lawmakers that Treasury officials provided to […]
A hot question for an iffy situation. So here are the holders as of Q3. By Wolf Richter for WOLF STREET: The US national debt keeps ballooning at an amazing rate and has now reached $36.16 trillion. These […]
The Republican-controlled US House of Representatives passed legislation on Friday (20 December) that would avert a midnight government shutdown, defying President-elect Donald Trump’s demand to also greenlight trillions of dollars in new debt. Next, […]
On re-spiking motor vehicle prices, jumping food & gasoline prices. But housing inflation backs off. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.31% (+3.8% annualized) in November from October, the sharpest increase […]
ENB Pub Note: We all know that Joe voted for President Trump, but I did not have him defending his economic record on my bingo card this week. If you have listened to the ENB […]
NFE announced on Monday the completion of the private exchange of $1.5 billion new senior secured notes for more than two-thirds of each of the company’s outstanding senior secured notes maturing in 2026 and 2029. […]
Quantitative Tightening shed 43% of the assets the Fed had added during pandemic QE. Bank-panic facility BTFP is vanishing. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $98 billion in November, […]
The move could deal a significant blow to U.S.-China trade relations and unleash a deluge of new tariffs. U.S. President-elect Donald Trump has made it clear that trade is at the top of his agenda […]
As outlined in the graphic below, there are seven key indicators to watch as the US government falls deeper into the self-perpetuating debt spiral that I think will culminate in the collapse of the US dollar. Indicator #1: […]
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