Nvidia -7% today, -23% since July 10. But afterhours, it rose when Microsoft outlined what it’s spending on AI infrastructure. By Wolf Richter for WOLF STREET. Microsoft reported earnings today afterhours for its fiscal Q4, and as you’d […]
U.S. oil and gas industry thrived under Biden, with major oil companies doubling profits and energy shares up 117%. Harris likely to continue Biden’s policies, while Trump may push for deregulation and increased production, potentially […]
By Wolf Richter for WOLF STREET. The S&P CoreLogic Case-Shiller Home Price Indices, released today for “May,” are three-month moving averages of home prices in 20 metropolitan areas whose sales were entered into public records in March, April, […]
The treasury secretary said the global transition to a low-carbon economy would cost $78 trillion, calling it a top priority of Biden-Harris. U.S. Treasury Secretary Janet Yellen said during a speech in Belem, Brazil, on […]
Since climate change is not causing more extreme weather, it cannot be causing increased business losses – which real-world data shows it is not. A recent article in Bloomberg titled The Market’s Next Black Swan […]
bp has reported a profit of $2.756 billion (£2.14bn) for the second quarter, up from $2.5 billion (£1.9bn) last year and higher than the $2.723 billion (£2.12bn) reported in the first quarter. This result is […]
A basket case for years. Acquiring W.S. Badcock was another great idea; 7 months later, both are bankrupt and liquidating. By Wolf Richter for WOLF STREET. Conn’s Inc., which has long been in trouble and finally filed for […]
Some very big and important things are happening in the world, and it seems that we’re not paying attention at all. We are becoming so fixated on the simple, the sensational, that we’re not noticing […]
The latest employment data from the Bureau of Labor Statistics for June 2024 offers a compelling snapshot of the divergent economic fortunes of red and blue states. The national unemployment rate remained steady at 4.1 percent, a […]
Treasury Secretary Janet Yellen said Saturday the world’s transition to a low-carbon economy requires $3 trillion in new investment annually through 2050, and that filling the financing gap to reach that level of funding represents the […]
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