Biggest consumer spending surge in nearly two years overpowered the drop in private domestic investment and change in private inventories. By Wolf Richter for WOLF STREET. Our drunken sailors, as we’ve come to call them lovingly and facetiously, […]
TGS Houston-headquartered energy service giant Halliburton has won a contract from Petrobras for integrated drilling across several offshore fields in Brazil. The contract scope covers development and exploration wells over three years and significantly expands […]
BERLIN – Hundreds of German entrepreneurs and business representatives gathered in Berlin and other cities on Wednesday to call for a change of government after February’s national election. “A lot has to happen before […]
The UK-based firm said its adjusted earnings reached $3.66 billion in the fourth quarter, down compared to $7.3 billion in the comparable quarter last year. Adjusted earnings dropped 39 percent compared to $6.03 billion in the prior quarter. […]
The euro area surprisingly stagnated in the fourth quarter of last year, data released on Thursday showed. Europe’s economic woes have shown no sign of abating. Quarterly GDP growth in the single currency area […]
Daily Standup Top Stories Big Oil Earnings Slump Puts Payouts to Investors Under Pressure January 29, 2025 Clark Savage Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by […]
And labor market conditions are no longer easing. The reasons for further rate cuts — dropping inflation, weakening labor market — vanished. Pretty hawkish. By Wolf Richter for WOLF STREET. The FOMC voted unanimously today to keep the […]
Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by Trump’s return The flow of dividends and buybacks from the world’s largest oil companies is under pressure, with […]
Daily Standup Top Stories How a Chinese AI Startup Just Shook the Tech Market Amid Security Concerns January 28, 2025 Clark Savage January 27, 2025 – The tech landscape was rocked today as shares of several major […]
By Wolf Richter for WOLF STREET. Yesterday, we looked at the surge of new completed “spec” houses for sale, and at the surge of new houses for sale at all stages of construction, for the US overall. Now […]
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