HOUSTON, Feb 2 (Reuters) – After a year marked by oil and gas production setbacks, Chevron Corp on Friday delivered a better-than-expected 10.7% annual gain from the Permian Basin, its top shale-producing region. The company delivered […]
By Wolf Richter for WOLF STREET. The employment data today poured some cold water on the raging Rate-Cut Mania: The 10-year yield spiked by 17 basis points within a couple of hours. But surely, they’re going to try […]
(Bloomberg) — When the US borrows money, it needs to pay its loans back with interest—just like any other borrower. But America’s national debt is currently $34 trillion and rising. Soon, the US will need […]
It’s premature to think rate cuts are right around the corner, we haven’t decided anything yet, it’s meeting by meeting, but in March no way Jose, I mean, that’s not my base case. By Wolf Richter for WOLF […]
Tesla +24.6%, Toyota +2%. Model Y +52%, #1 bestseller by far; Model 3 is #2 bestseller. Toyota loses it, Camry sales -16%, RAV4 +1%. By Wolf Richter for WOLF STREET. Tesla’s share of all light vehicles sold in […]
Jamie Dimon calls for the snowballing US debt burden to be addressed before it turns into crisis The US economy is heading towards disaster as the vast national debt continues to mount, JPMorgan CEO […]
The economy grew solidly. The debt spiked. By Wolf Richter for WOLF STREET. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted […]
Housing market is frozen, people have gone on buyers’ strike, sellers are hoping that this too shall pass. By Wolf Richter for WOLF STREET. The median price of existing single-family houses, condos, and co-ops in the US whose sales […]
U.S. Representative Tom Emmer expects former U.S. President Donald Trump to become “a lot more” friendly toward cryptocurrency if he returns to the White House. Trump has launched three non-fungible token (NFT) collections since leaving […]
ESG, once a dominant trend, is now facing disapproval and legal challenges, prompting businesses to distance themselves and adopt new terms like “responsible business.” Political pressures and investor skepticism have led to significant withdrawals from […]
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