A major solar company has just filed for bankruptcy as its business model is no longer viable in America’s current climate. SunPower announced that it filed for Chapter 11 bankruptcy on Monday. SunPower filed for bankruptcy in […]
By Wolf Richter for WOLF STREET. ON RRPs, or Overnight Reverse Repurchase agreements, on the Fed’s balance sheet fell to $292 billion today, the lowest since May 2021, down by over $2 trillion from the $2.3 trillion range […]
Rolls-Royce is preparing to sell a stake in its small nuclear reactor business to secure additional funding. The company’s Chief Executive, Tufan Erginbilgic, confirmed that they are in discussions with potential investors. According to The […]
Fears of a U.S. economic slowdown helped drive stock market declines in Asia, Europe, and the United States. Global markets went berserk on Monday in one of the worst trading days in recent memory as […]
What a bummer. Services are two-thirds of the economy; as long as they’re firm, the economy will plug along just fine, even as manufacturing stalled. By Wolf Richter for WOLF STREET. US service sector activity, driven by new […]
HOUSTON, Aug 5 (Reuters) – Oil fell in volatile trade on Monday as a selloff continued on global stock markets, but the slide was limited by fears Iran’s retaliation for the assassination of a Hamas […]
Stock markets tumbled on Monday and Japanese shares plummeted a gut-wrenching 13% as fears the United States could be heading for recession sent investors rushing from risk while wagering that rapid fire rate cuts will […]
By Wolf Richter for WOLF STREET. The Japanese Nikkei 225 stock index plunged 12.4% on Monday, after having plunged 5.7% on Friday, and 2.5% on Thursday, bringing the three-day drop since the Bank of Japan meeting on July […]
Israeli markets drop; US sees Iranian attack in 24-48 hours Saudi, Egyptian, Turkish stocks, bonds, currencies also hurt Financial markets across the Middle East tumbled Monday, as concerns over a potential Iranian attack on Israel […]
Stocks on the Tokyo exchange have plummeted over recession fears in the US economy Japan’s benchmark Nikkei 225 stock index suffered its biggest ever one-day loss on Monday as a global sell-off intensified amid […]
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