Are disclosures of “unrealized losses” on bank balance sheets next? By Wolf Richter for WOLF STREET. Acting Chairman of the FDIC Board of Directors, Travis Hill, who was sworn in as FDIC Vice Chairman on January 5, released […]
Nikola, a hydrogen-electric semi-truck maker, filed Chapter 11 after a spectacular market collapse. With news of another green company going under, the green industry would never have fully developed if the federal government had not […]
The US government will “go de facto bankrupt” unless it reins in its rising debt, Elon Musk has warned. The billionaire is set to co-lead a new department tasked with curbing spending under President-elect Donald […]
QE was a huge gravy train for taxpayers. But then came the hangover. By Wolf Richter for WOLF STREET. The Fed released its financial report for the third quarter on Friday afternoon. The two items we pay attention […]
Daily Standup Top Stories 10 Can’t-Miss Election Predictions November 2, 2024 Clark Savage ENB Pub Note: This is an excellent article from Robert Bryce’s Substack. I am reaching out to him and will try to record […]
ENB Pub Note: This is an excellent article from Felicity Bradstock on OilPrice.com that really points out that greener policies will lead toward de-industrialization. Following Germany, New York, New Jersey, and California will only ruin […]
Electric vehicle (EV) manufacturer Fisker Inc. is under investigation by the U.S. Securities and Exchange Commission (SEC) and faces formal objections from the U.S. Department of Justice (DOJ) over its Chapter 11 bankruptcy proceedings. The company filed […]
The appointment of the institution’s governor has sparked disagreement between the African country’s rival governments The UN Support Mission in Libya (UNSML) has held talks in Tripoli to resolve a standoff between the North […]
Weekly Daily Standup Top Stories Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25 August 2, 2024 Mariel Alumit ENB Pub Note: We recommend following and subscribing to Robert Bryce’s Substack. I […]
A major solar company has just filed for bankruptcy as its business model is no longer viable in America’s current climate. SunPower announced that it filed for Chapter 11 bankruptcy on Monday. SunPower filed for bankruptcy in […]
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