He who panicked first panicked best. By Wolf Richter for WOLF STREET. There’s so little demand at current prices, and so many homes sitting on the market, that sellers are pulling them off the market “in frustration,” a […]
The global shipping industry has been rocked by two deadly attacks this week in the Red Sea, with Yemen’s Houthi rebels launching their most violent maritime campaign since early 2024, killing at least three seafarers, […]
It also wrote down its €1 trillion in gold by €30 billion due to its price decline in euros in Q2. By Wolf Richter for WOLF STREET. The ECB’s two big QE categories – loans to banks and […]
There was an extra-special spectacle in Q1 among the Swiss franc, Australian dollar, British pound, and Japanese yen. By Wolf Richter for WOLF STREET. The dollar’s status as dominant foreign exchange-reserve currency has been diminishing for years as […]
Listings YoY: Orange County +66%, San Diego +55%, Fresno +48%, Sacramento +47%, Los Angeles +45%, Riverside-San Bernadino +43%, San Jose & Silicon Valley +39%; San Francisco metro +30%. By Wolf Richter for WOLF STREET. Los Angeles County: Active […]
French energy major EDF has announced that the commercial commissioning of the Calvados offshore wind farm has been pushed back to late 2027. This will see the project commissioned more than two years after its […]
Amid tight supply and solid demand. By Wolf Richter for WOLF STREET. Inflation pressures in used vehicle prices, after the historic plunge from the historic spike, have now been rebuilding for an entire year. Prices of used vehicles […]
Quantitative Tightening accelerated further. With its bank stocks gone, the BOJ may start selling its equity ETFs soon. By Wolf Richter for WOLF STREET. Quantitative tightening, in terms of the Bank of Japan’s vast holdings of Japanese Government […]
Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czech Republic, Finland, Portugal By Wolf Richter for WOLF STREET. This is our second annual wild ride across sales prices of existing homes of all […]
Subsea 7 Oslo-listed offshore contractor Subsea7 has bagged a sizeable engineering, procurement, commissioning, and installation (EPCI) deal for a subsea development offshore Egypt. The project, valued by Subsea7 as between $50m and $150m, involves the […]
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