Last week, Pacific rates experienced a $2,500 increase and Atlantic rates decreased. “Spark30s Atlantic rates experienced a week-on-week increase for the first time in a month, rising by $1,500 to $75,250 per day,” Qasim Afghan, Spark’s commercial analyst […]
An obscure strategy wreaked short-lived havoc. The global mini-crash on Monday, when stocks dived before largely recovering, can’t be pinned down to one cause alone. But one serious culprit was a long-standing foreign exchange strategy […]
Delinquency rates unchanged, more buyers paid cash to dodge interest rates, prime is pristine, subprime (14% of originations) is (always) in trouble. By Wolf Richter for WOLF STREET. About 80% of new vehicles purchased in the US in […]
The owner of the Sabine Pass and Corpus Christi LNG export terminals said on Thursday its revenue reached $3.25 billion in the second quarter. This compares to $4.1 billion in the second quarter last year and […]
By Wolf Richter for WOLF STREET. Mortgage balances rose by just $77 billion, or by 0.6% in Q2 from Q1, the smallest percentage increase since the dip in Q2 2023, and the second smallest since 2018, to $12.5 […]
NEW YORK, Aug 7 (Reuters) – Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak oil […]
By Wolf Richter for WOLF STREET. This may be it, the end of the historic plunge of used-vehicle prices that has unwound 60% of the even more historic price spike during the pandemic. The price plunge, which kicked […]
As the VCM grows and supports even more projects globally, the range of available credits also expands – although most relate to carbon emissions reduction activities. While this growth gives you more options, it also […]
On a return to Shanghai, our columnist detects worries about the future—but also a steely determination that the country’s sheer size will see it advance in key areas. I felt a sense of relief last […]
Total debt rose over the years as a larger population financed more costly collateral. But income rose too. By Wolf Richter for WOLF STREET. Total household debt outstanding in Q2 ticked up by $109 billion, or by 0.6%, […]
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