Rolls-Royce SMR has been selected as the preferred supplier to build Small Modular Reactors (SMRs) in Czechia, according to an announcement from the Czech Government and ČEZ Group, the country’s state utility company. This decision […]
As buyers wait for even lower mortgage rates, lower prices, and higher wages. Mortgage rates already dropped to 6.15% from 7.9%, but that didn’t help at all. By Wolf Richter for WOLF STREET. We’ve been saying this for […]
But the longer-run rate for its target rose to 2.9%, continuing the series of increases, slowly but steadily rising from the ashes of the ZIRP era. By Wolf Richter for WOLF STREET. FOMC members voted today to cut […]
As retail sales rose despite dropping prices of goods, inflation-adjusted retail sales – adjusted for this deflation in goods – rose even faster: hence the jump in GDPNow. By Wolf Richter for WOLF STREET. Retail sales rose 0.1% in […]
The impact will be felt around the world. The U.S. Federal Reserve began raising interest rates several years ago to combat inflation. This week, after new data emerged about a weakened labor market and more […]
U.S. monetary policy has become dangerously addicted to mistaken predictions. With inflation at its lowest level since 2021 and unemployment on the rise, market participants and observers are looking nervously at the Federal Reserve. Is […]
bp has announced its decision to divest its US onshore wind energy business unit, which encompasses ten operational wind farms spread across seven states. The company holds stakes in ten operational assets, with a total […]
With just two weeks left to strike a deal the prospect of 45,000 American dockworkers downing tools come the start of next month now looks highly likely. Contract negotiations have broken down between the International […]
Daily Standup Top Stories Italy’s central bank backs helping poorer countries fund energy transition September 16, 2024 Mariel Alumit ROME, Sept 16 (Reuters) – Italy’s Central Bank governor Fabio Panetta on Monday threw his weight behind […]
But inventories of 2- to 3-year-old vehicles are tight because of the new-vehicle shortages 2 and 3 years ago. By Wolf Richter for WOLF STREET. Retail sales of used vehicles at independent and franchised dealers jumped by 8% […]
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