Fed cut by 75 basis points since September while 10-year Treasury yield rose by 75 basis points to 4.40%, as Bond Market frets about Inflation & Supply. By Wolf Richter for WOLF STREET. The 10-year Treasury yield jumped […]
GDP is forecast to decline by 0.2% this year, a sharp downgrade from Bundesbank’s previously projected 0.3% expansion Germany’s central bank has slashed growth outlook for the EU’s largest economy, projecting that it will contract […]
The United States will in the coming days introduce financial sanctions against Serbia’s oil giant NIS, which is majority owned by Russia’s Gazprom Neft and Gazprom, President Aleksandar Vučić said on Friday (13 December). […]
Amid a surge in utility shutoffs, and in the face of a groundbreaking study finding racial disparities in those outcomes, Minnesota’s largest utility is taking a closer look at the issue. In a November […]
A Ukrainian Nobel Peace Prize winner weighs in on his prospects. Donald Trump’s victory in the 2024 U.S. presidential election raised immediate questions and concerns in Ukraine amid its war with Russia. Trump has been […]
By Wolf Richter for WOLF STREET. Balances in money market funds held by households at the end of Q3 jumped by $167 billion from the prior quarter to $4.11 trillion, according to the Fed’s quarterly Z1 Financial Accounts […]
Dunkelflaute hits Germany as low wind and cold temps raise electricity prices, deplete gas reserves, and push reliance on natural gas plants. Dunkelflaute is a cursed word in the German electricity sector. The combination, typical of […]
UK government plans to curb protests against wind and solar projects, limiting judicial reviews to speed up permits and meet 2030 net-zero goals. The UK government is considering curbing communities’ rights to protest against […]
Santos said on Thursday the long-term SPA will supply between 0.35 and 0.4 million tonnes per annum of LNG at plateau. The contract term is 12 years, commencing in 2032 on delivered ex-ship (DES) terms. […]
California’s EV mandate faces failure as sales lag, power shortages persist, and budget deficits undermine its unrealistic green goals. California Gov. Gavin Newsom’s electric vehicle (EV) mandate is set to fail, as sales of EVs […]
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