By Wolf Richter for WOLF STREET. The Bank of Canada shed another $10 billion (all amounts in Canadian dollars) of Government of Canada bonds, bringing its GoC bond holdings down to $223 billion, the lowest since September 9, […]
In another flip-flop, Kamala Harris is now championing steelworkers despite pushing radical policies to destroy the industry. Vice President Kamala Harris has championed radical environmental policies supported by activist groups that, in part, led to […]
By Wolf Richter for WOLF STREET. Prices of used cars, SUVs, pickup trucks, and vans that were sold at auctions across the US jumped by 1.2% in August from July, seasonally adjusted, the second jump in a row […]
(Bloomberg) — For TotalEnergies SE Chief Executive Officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of Exxon Mobil Corp., the largest US producer of oil and gas, is in […]
‘Prefer the tortoise’ of income stocks, Subramanian says BofA upgrades sector to overweight from market weight Higher volatility over the short, medium and long term will make utilities and other quality and income stocks more […]
The US presidential candidate has pledged 100% tariffs on countries that are seeking to replace the greenback in international transactions Republican presidential nominee Donald Trump has claimed that dumping the US dollar will be extremely […]
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 and […]
Over the past 25 years, the yield curve predicted 4 business-cycle recessions, two of which didn’t come. So we handle it with care. By Wolf Richter for WOLF STREET. Following the jobs report on Friday that showed job […]
A 4% drop will put the Nasdaq back to Nov 2021. Amazon, Tesla, and Alphabet already back where they’d been 3 or 4 years ago. Nvidia -24% from peak. By Wolf Richter for WOLF STREET. Rate cuts are […]
Bullion holdings stood at nearly $190 billion as of September 1, according to the central bank Russia’s holdings of gold have reached a new high of $188.8 billion and bullion’s share in the country’s international […]
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