Daily Standup Top Stories BRICS Officially Announces Financial System Similar to SWIFT July 26, 2024 Stu Turley The BRICS alliance is looking to bypass the Western SWIFT system and replace it with its own financial mechanism. […]
NEW YORK, July 28 (Reuters) – Vital Energy (VTLE.N), opens new tab is closing in on an all-cash deal to acquire private equity-owned Point Energy Partners for $1.1 billion, people familiar with the matter said on Sunday, […]
Pierre Aury warns there is a financial crisis looming that would make 2008 look like ‘a seaside picnic on a beautiful spring day’ In our last column we said that shipping is not an adiabatic […]
We don’t even want to know what debt-to-GDP looks like in the next recession when it’ll get hit by a double-whammy. By Wolf Richter for WOLF STREET. The US national debt – the total amount of Treasury securities […]
Gov. Inslee’s program imposes increasingly draconian caps on carbon emissions, and then spends the money on inefficient green projects. Progressive leftists have enjoyed some media success in branding anyone who doubts that humans are causing […]
Weekly Daily Standup Top Stories Ford scraps plans for $1.8-billion Oakville EV assembly plant, will retool to make gasoline pickups July 21, 2024 Stu Turley New plan comes after Ford postponed EV plant launch to 2027; […]
The BRICS alliance is looking to bypass the Western SWIFT system and replace it with its own financial mechanism. The creation of a new financial messaging system similar to SWIFT will allow BRICS to reshape […]
(WO) – Helmerich & Payne, Inc. and KCA Deutag International Limited (“KCA Deutag”) today announced a definitive agreement under which H&P will acquire KCA Deutag for $1.9725 billion in cash. KCA Deutag is a diverse […]
Everyone was happy, sort of, except the public that bought the misbegotten shares and got wiped out? By Wolf Richter for WOLF STREET. Vintage Wine Estates along with its subsidiaries – once a PE-firm-backed roll-up with about 34 […]
Our Drunken Sailors are back at it, but in moderation, so to speak, their feathers largely unruffled by interest rates. By Wolf Richter for WOLF STREET. GDP, adjusted for inflation (“real GDP”), rose by an annualized rate of […]
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