Crypto mining in ten Russian regions is limited or completely banned starting Wednesday. The restrictions introduced in areas facing electricity shortages will remain in force until March 15, 2031. The list of regions affected […]
Volkswagen Group will spend $69 million on a 9.9 percent stake in lithium miner Patriot Battery Metals Inc. to secure raw materials for electric vehicles. The investment marks the European carmaker’s first investment in the […]
Chinese state-sponsored hackers breached the US Treasury Department’s computer security guardrails this month and stole documents in what Treasury called a “major incident,” according to a letter to lawmakers that Treasury officials provided to […]
Prices are still way too high, but… “Buyers are in a better position to negotiate as the market shifts away from a seller’s market”: NAR. By Wolf Richter for WOLF STREET. Pending home sales – a forward-looking indicator […]
“Extraordinary measures” may be needed soon to prevent nation from defaulting on its obligations, Janet Yellen has told Congress US Treasury Secretary Janet Yellen has said the federal government will hit its debt limit as […]
By Wolf Richter for WOLF STREET. Treasury yields and the now un-inverted and nicely steepening Treasury yield curve passed another landmark on Friday, maybe the first such landmark ever: While the Fed cut its policy rates by a […]
Spark30S Atlantic freight rates were at $23,500 per day this week, and Q4 2024 continues to price in as the lowest quarter on record for a 174 2-stroke vessel in the Atlantic basin, Qasim Afghan, […]
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 […]
Housing Bust 2 reverses part of the “Housing Crisis” when people with good incomes could no longer afford to live in the City. By Wolf Richter for WOLF STREET. The big decline in tech employment in San Francisco […]
Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch. The acquisitions comprise all third-party interests in the asset, including 5.45% common […]
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