A hot question for an iffy situation. So here are the holders as of Q3. By Wolf Richter for WOLF STREET: The US national debt keeps ballooning at an amazing rate and has now reached $36.16 trillion. These […]
California Dems are requesting over $500M from Biden for its troubled high-speed bullet train defunded by Trump after Newsom canceled it. As Breitbart News reported, Trump withheld $1 billion in funding from the project after […]
The new countries will join the economic group as partner states from January 1, presidential aide Yuri Ushakov has said Nine countries will officially join BRICS as partner states in January, Russian presidential aide Yuri […]
State-owned Adnoc said on Monday that Adnoc Trading’s LNG desk has recently signed a supply agreement with Thaliand’s Gulf LNG, a unit of Gulf Energy Development. “The first cargo of LNG under this agreement, which […]
Lennar shocked the market by saying it’ll address this situation with further price cuts; its average price to drop by 16% from the peak in 2022.
TotalEnergies French energy giant TotalEnergies has bought a majority stake in two wind farms offshore Denmark. The French company acquired an 85% share in the 240MW Jammerland Bay and a 72.2% share in the 165MW […]
Gov. J.B. Pritzker announced nearly $20M for 70 zero-emission buses at nine Illinois school districts, costing $284,000 each. Taxpayers are set to jolt the struggling electric bus industry after Gov. J.B. Pritzker announced nearly $20 million for […]
Since September, the Fed cut by 100 basis points while the 10-year Treasury yield rose by 87 basis points! There are now doubts about further cuts.
QT has only drained ON RRPs so far, but not Reserves, which are still where they’d been when QT started in July 2022. QT has a long way to go.
Inflation is still in services, no progress in 6 months. Another bummer: Durable goods deflation, a contributor to cooling inflation, may be over.
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