By Wolf Richter for WOLF STREET. The long-term fiscal mess the US has been wallowing in for many years – the mindboggling deficits even during a strong economy that turned into the incredibly ballooning debt, encouraged and enabled […]
“A sales recovery did not occur in midsummer”: NAR. Because prices are way too high, doesn’t take a genius to figure that out. By Wolf Richter for WOLF STREET. Pending home sales – a forward-looking indicator of “closed […]
The group is encouraging countries of the continent to challenge Western influence, Samsondeen Olagunju has said BRICS has become a significant source of motivation for many African countries, encouraging them to assert their independence […]
Access to US markets will be easier for British companies under a “pro-business” Republican president, experts have told the outlet British business would prefer to see Republican nominee Donald Trump prevail over Vice President Kamala […]
Aug 28 (Reuters) – Oil prices settled 1% lower on Wednesday after a smaller-than-expected draw in U.S. crude stockpiles and as concerns over Chinese demand persisted, though losses were capped by supply risks in the […]
But buybacks occur at huge losses for investors. Today it bought back a 1.25% 20-year bond for 66 cents on the dollar. By Wolf Richter for WOLF STREET. The US Treasury Department has been doing two major things […]
Acquisitions Add High-Quality Assets that are Expected to Generate Attractive Returns DALLAS, Aug. 27 /BusinessWire/ — Texas Pacific Land Corporation (NYSE:TPL) (the “Company” or “TPL”) today announced the closing of two acquisitions for oil and […]
PetroChina Co. Ltd.’s net income for the first half (H1) of 2024 rose 3.9 percent year-on-year to RMB 88.61 billion ($12.4 billion) as operating results broke company records for the period for the third consecutive […]
By Wolf Richter for WOLF STREET. Home prices in the 20 metropolitan areas of the S&P CoreLogic Case-Shiller Home Price Index saw the smallest month-to-month increase since the decline five months ago, continuing a trend of deceleration. The […]
By Wolf Richter for WOLF STREET. New orders for durable goods in July jumped by 9.9% from June, the biggest month-to-month spike since May 2020, and more than reversing the big month-to-month drop in June, which had been […]
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