Ofgem has announced that consumer energy debt in the UK has reached £3.7 billion, a significant increase of £400 million from the previous quarter. This latest data indicates a 12% rise in energy debt and […]
The appointment of a dedicated European Commissioner for Circular Economy competitiveness within Jessica Roswall’s portfolio addresses a significant gap in previous policy frameworks, where circular economy initiatives were often fragmented across various commissioners. Axel […]
The US dollar, still the #1 reserve currency held by central banks, keeps losing share in bits and pieces ever so slowly against a mix of other reserve currencies as central banks diversify their holdings […]
In the Energy News Beat – Conversation in Energy with Stuart Turley and Wasif Latif discuss the resurgence of nuclear energy as a crucial component of global energy needs amidst geopolitical challenges. They explore thematic investing, […]
By Wolf Richter for WOLF STREET. The “Core” PCE price index, the Fed’s primary yardstick for its 2% inflation target, rose by 2.7% from a year ago in August, the second slight acceleration in a row, and the biggest […]
Validus Energy, a privately held oil and gas producer in the US, has agreed to acquire Citizen Energy for more than $2bn, including debt, Reuters reported, citing people familiar with the matter. This move comes amid a […]
By Wolf Richter for WOLF STREET. How corporate profits spiked during the inflation-shock of 2021 and 2022 was amazing to watch: The pricing power companies suddenly had to hike prices and pump up profits because their customers were […]
This buildup of completed single-family houses is a factor in resolving the price dislocations of the overall housing market. By Wolf Richter for WOLF STREET. Inventory of new completed houses jumped by 46% year-over-year, and by over 200% […]
By Wolf Richter for WOLF STREET. The US national debt has ballooned so fast to $35.3 trillion – by $12.0 trillion since January 2020 – that it’s mindboggling, especially in a growing economy. And every single one of […]
CHEYENNE, Wyo. — In a new release, the Bureau of Land Management announced that it will be leasing a total of 4,641.95 acres of land over eight separate parcels for oil and gas production beginning […]
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