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HomeFinance

Finance

California
Climate Crisis

California’s Record Rainfall Wasted Because Storage Infrastructure Was Never Built

January 12, 2025 Clark Savage

California’s outdated water policies and political mismanagement are fueling LA fires, critics say, and blame Newsom’s environmental focus over solutions. California does not have a water shortage, yet firefighters battling the brutal fires across Los […]

Constellation Energy to Buy Calpine in $16.4 Billion Deal
Finance

Constellation Energy to Buy Calpine in $16.4 Billion Deal

January 11, 2025 Clark Savage

Constellation Energy, the biggest owner of U.S. nuclear power plants, will buy Calpine in a cash and stock deal valued at an equity purchase price of about $16.4 billion to create America’s largest clean energy […]

Treasury
Finance

Treasury Yield Curve Steepens, as Long-Term Yields Coddle Up to 5% while Short-Term Yields Stay Put, Not Seeing Any Rate Cuts. Mortgage Rates Rise to 7.24%

January 11, 2025 Clark Savage

30-year Treasury bonds sold at auction on Friday at highest yield in at least 16 years despite Fed’s 100 basis points in rate cuts. Since the Fed’s 100 basis points in rate cuts, the 10-year […]

Green Deal
Energy Crisis

Most Czechs believe EU Green Deal will lead to increase in energy prices

January 10, 2025 Mariel Alumit

  PRAGUE – The Green Deal is contributing to disproportionate increases in energy costs, according to 71% of Czechs surveyed for a new study published on Thursday. The survey results come as the Green Deal […]

Bulgaria
Finance

Economic forecasts optimistic as Bulgaria moves closer to joining eurozone

January 10, 2025 Mariel Alumit

  Bulgarian exports are expected to grow by 5.8% annually after the country joins the eurozone, according to an analysis released on Wednesday by trade credit insurer Allianz Trade. According to the analysis cited by […]

Bond Market
Finance

“Bond Market Rout” in the UK (like in the US) Only Pushes the 10-Year Yield into Low End of Old Normal after Many Years of Interest Rate Repression

January 9, 2025 Stu Turley

A normal cost of capital is a form of much-needed discipline for governments and investors, after years of free money turned their brains to mush. By Wolf Richter for WOLF STREET. The 10-year yield of UK government securities […]

Trump
Finance

How Trump Could Strike a Trade Deal With China

January 9, 2025 Stu Turley

A Phase Two negotiation isn’t out of the question. Washington must get it right this time. By Wendy Cutler, a vice president at the Asia Society Policy Institute. U.S. President-elect Donald Trump has threatened tariff […]

Beijing
Finance

Beijing blasts EU over trade restrictions

January 9, 2025 Mariel Alumit

  The Chinese Ministry of Commerce has accused Brussels of selectively enforcing its regulation governing foreign subsidies Beijing has accused the EU of imposing unfair trade barriers on Chinese companies in the latest rift in […]

BRICS
BRICS

A US ally wants to join BRICS. Why?

January 9, 2025 Mariel Alumit

By Jackson Okata, an award-winning independent journalist based in Nairobi, Kenya, whose work has been published by CNN, Guardian, Reuters, China Dialogue, Openly, AllAfrica, Mongabay, Inter Press Service, Zenger News, and Al Jazeera English Last […]

Adnoc Gas
Finance

Adnoc Gas dishes out Ruwais LNG contracts worth $2.1 billion

January 9, 2025 Mariel Alumit

According to Adnoc Gas, the largest contract, valued at $1.24 billion for the LPP, was awarded to a consortium consisting of Engineering for the Petroleum and Process Industries (ENPPI) and Petrojet. Moreover, a $514 million […]

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