OSLO/COPENHAGEN, Oct 7 (Reuters) – Norway’s Equinor (EQNR.OL), has bought a 9.8% stake valued at around $2.5 billion in Danish offshore wind farm developer Orsted (ORSTED.CO), it said on Monday, as it seeks to build up its […]
Oct 7 (Reuters) – Chevron (CVX.N), opens new tab is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources (CNQ.TO), for $6.5 billion, the oil giant said on Monday as it puts in […]
Shell revealed this in its third-quarter update note on Monday. The company’s adjusted earnings reached $6.29 billion in the second quarter, a rise of 24 percent compared to the second quarter in 2023, while Shell’s […]
By Wolf Richter for WOLF STREET. The Treasury yield curve un-inverted by another big step on Friday: The three-month yield has vacillated in the same range for the past 11 trading days following the drop after the monster […]
Weekly Daily Standup Top Stories Electric Vehicle Sales Are Stumbling. Here’s Why September 29, 2024 Stu Turley With road transportation accounting for about 15% of greenhouse gas emissions, it’s hard to see how the world will reach its […]
Pandemic distortions and millions of migrants suddenly entering the labor market, who are hard to track, have wreaked havoc on labor-market data accuracy. By Wolf Richter for WOLF STREET. Payrolls at employers rose by 254,000 jobs in September, […]
By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $66 billion in September, to $7.05 trillion, according to the Fed’s weekly balance sheet today. The balance sheet first reached this level on […]
Sellers coming out of the closet with their vacant homes. Active listings exploded the most in San Diego (+77%). By Wolf Richter for WOLF STREET. New listings jumped in September, when they normally fall in September and for […]
Like in the covid era, panicked shoppers in the US have been seen scrambling to stock up on essential items such as bottled water and toilet paper as the strike across America’s eastern seaboard enters […]
Prices too high, automakers too slow cutting them from the pandemic spike. Stellantis sales plunged 20%, a fiasco. By Wolf Richter for WOLF STREET. Total new vehicle sales in Q3 – retail and fleet deliveries by dealers and […]
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