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HomeFinance

Finance

Canada
Finance

The Most Splendid Housing Bubbles in Canada, August: Home Prices -3.9% YoY, -16% from Peak with Biggest Drops in Toronto, Hamilton-Burlington, Victoria, Ottawa as Montreal, Vancouver Dip

September 16, 2024 Stu Turley

By Wolf Richter for WOLF STREET. Across Canada, home prices (actual, not seasonally adjusted) dipped in August from July, were down 3.9% year-over-year – the fifth year-over-year decline in a row – and were down 15.8% from the […]

Italy's central bank
Energy Policy

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 a plan to help poorer countries reduce their carbon emissions, saying it would ultimately reduce the overall cost […]

Big Oil Companies

Week Recap: Energy Shifts, Energy Debates, and Global Oil Challenges

September 14, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders […]

Americans
Finance

Money Market Funds, Large CDs, Small CDs, and T-Bills: Americans and their Huge Piles of Interest-Earning Cash

September 13, 2024 Stu Turley

Households’ money market fund & CD balances rise to a record $7.4 trillion; “savings” are far from depleted, they’re bigger than ever. By Wolf Richter for WOLF STREET. Americans hate, hate, hate inflation. But they like the higher yields on […]

The Most Splendid Housing Bubbles in America
Finance

The Most Splendid Housing Bubbles in America: Price Declines Spread to 25 Metros of Top 28, with 19 Below 2022 Peaks. 3 Set New Highs

September 12, 2024 Stu Turley

Biggest declines: San Francisco, San Jose, Austin, Denver, San Diego, Seattle, Dallas, Salt Lake City, Honolulu, Phoenix, Portland, Houston, Los Angeles, Nashville, Charlotte, Tampa By Wolf Richter for WOLF STREET. Our series, “The Most Splendid Housing Bubbles in […]

PPI
Finance

Services PPI Bounces Back in August from July, Rises Year-over-Year. Core Goods PPI Jumps

September 12, 2024 Stu Turley

But a drop in energy prices had a soothing effect on overall PPI, which also accelerated, but by less. By Wolf Richter for WOLF STREET. The Core Producer Price Index bounced back sharply in August from the negative […]

shore power
Electrical Generation / Utilities

American study makes strong case for greater shore power investment

September 12, 2024 Mariel Alumit

A landmark study released today makes a strong case for shore power at ports across the world. Issued by the International Council on Clean Transportation (ICCT), an NGO from Washington DC, the study is the […]

CPI
Finance

Beneath the Skin of CPI Inflation: “Core CPI” Again Accelerates Month-to-Month Fueled by Hot “Core Services” CPI. Durable Goods Prices Drop Further 

September 11, 2024 Stu Turley

Second month-to-month acceleration in a row. Year-over-year, Core CPI and Core Services CPI show first acceleration since March. By Wolf Richter for WOLF STREET. On a month-to-month basis in a most unwelcome development, “core services” re-accelerated for the […]

Canada and Mexico
Earnings

Dynagas LNG Partners reports lower net income

September 11, 2024 Mariel Alumit

The NYSE-listed limited partnership formed by shipowner Dynagas posted a net income of $10.7 million for the three months ended June 30, 2024. This marks a drop of $3.7 million, or 25.7 percent, compared to $14.4 […]

Climate Crisis

2024 Debate’s Energy Impact

September 11, 2024 Andy Del Prado

Daily Standup Top Stories In Germany, The Green Energy Transition Is Only Getting Worse September 10, 2024 Andy Del Prado Germany is running faster and faster to stay in place. In the meantime, it is destroying […]

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