A Los Angeles tower, FEMA headquarters in Washington, 100-year-old tower in Manhattan join list; some delinquent loans were “cured,” including by transfer to a custodial receiver and extend and pretend, and came off the list. […]
Businesses have been paying them out of their huge profits and have not been able to pass them on to consumers so far. By Wolf Richter for WOLF STREET. Collections from “customs and certain excise taxes” spiked to […]
Companies don’t just suddenly drop everything to stew in their own juices. By Wolf Richter for WOLF STREET. Look, the job market hasn’t cratered yet, and doesn’t look like it’s on a path to cratering, despite whatever is […]
By the time they finally wanted to sell their home, it wasn’t easy anymore because demand had plunged, and fewer of those mortgages got paid off. By Wolf Richter for WOLF STREET. Mortgages outstanding with rates below 3% […]
Mortgage rates, QT, yield spreads, inflation, and a bond market that is not to be trifled with. By Wolf Richter for WOLF STREET. The 30-year Treasury yield, which ended Friday at 4.83%, has been showing a pattern that’s […]
Wages & salaries rose at a solid pace, but Social Security payments returned to trend after a spike in April due to policy changes. By Wolf Richter for WOLF STREET. The recession talk started heating up again on […]
EuropeOffshore Equinor Equinor Norwegian energy major Equinor will invest more than NOK 21bn ($2.1bn) in the North Sea Fram Sør subsea development. The Fram Sør project is a combined development of several discoveries that will […]
The 6-month PCE price index accelerated to 2.8% annualized, despite dropping energy prices. It’s been 2.7% to 3.3% in 2025, sharply higher than in the 2nd half of 2024. By Wolf Richter for WOLF STREET. The inflation measure […]
EuropeOffshore Fugro Fugro Dutch surveyor Fugro has been awarded a contract to conduct a comprehensive site characterisation programme for a deepwater gas project in the Eastern Mediterranean. The project is operated by Italian major Eni […]
Middle EastPorts and Logistics Mawani Mawani The Saudi Ports Authority (Mawani) has sealed long-term concession contracts worth over SAR2.2bn ($586m) to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom. The […]
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