Listing prices in June flat YoY and below June 2022. Mortgage rates still at 7%. Prices way too high. Something has to give. By Wolf Richter for WOLF STREET. New listings of homes for sale have been rising, […]
But used EV prices still +61% from Jan. 2020, used ICE vehicles +31%. When will they bottom out? Compact cars approach affordability again. By Wolf Richter for WOLF STREET. Prices of used cars, SUVs, pickup trucks, and vans […]
Nigeria, the biggest oil producer in Africa, is considering ways to curb soaring inflation, including by giving the central bank powers to use gold to boost reserves. Nigerian lawmakers are discussing a bill to create […]
Projection is blaming someone else for your own bad behavior. We saw a classic case of projection in Thursday’s presidential debate, when President Biden—who is overseeing annual budget deficits of $2 trillion—asserted that his predecessor, Donald Trump, […]
Shares in BP fell by as much as four percent this morning after it warned it was expected to post an impairment of up to $2bn (1.6bn) and was operating under “significantly” lower refining margins. […]
Dive Brief: The year-over-year inflation rate for U.S. electricity prices reached 5.9% in May, up from 3.8% in January, according to Bank of America Institute, a think tank utilizing proprietary data to develop insights into […]
The desire to control so much of other people’s lives is inconsistent not only with liberalism, but with the U.S. Constitution. Government has controlled so much of our lives for so long, it now seems normal, […]
Germany is nearing a decision on what to do with the local units of Russian oil major Rosneft PJSC that the government seized two years ago after Moscow’s invasion of Ukraine. The future of the […]
Ed Miliband, the UK’s new Secretary of State for Energy Security and Net Zero, has outlined his priorities in a message to staff, which was posted on the UK government website. “Our department will be […]
There’s a dark side to ‘The Next AI Trade’—at least for some landowners. Powering up America and upgrading power grids for artificial intelligence data centers, onshoring trends, and the electrification of the economy will require thousands of […]
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