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HomeFinance

Finance

Chicken Soup for the Soul Entertainment
Finance

Another of Our Imploded Stocks Ends in Bankruptcy: Chicken Soup for the Soul Entertainment, 2 Years after its Infamous Redbox Acquisition

July 1, 2024 Stu Turley

By Wolf Richter for WOLF STREET. Feel-good-video producer and distributor Chicken Soup for the Soul Entertainment has finally filed for bankruptcy. It was inducted into our pantheon of Imploded Stocks in March 2022 as its shares had collapsed […]

Canada
Finance

Is High-Inflation Finally Behind Us? Is Canada Housing in a Bear Market? What’s Behind the Yen’s Plunge? Will the CDK Chaos Hit June Auto Sales? And More…

July 1, 2024 Stu Turley

Wolf Richter on “This Week in Money,” produced by HoweStreet.com, recorded on June 27: Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug […]

Oil prices
Crude Oil News

Oil prices rise 2% on summer demand hopes, supply worries

July 1, 2024 Mariel Alumit

July 1 (Reuters) – Oil prices climbed about 2% on Monday on hopes of rising demand during the Northern Hemisphere’s peak summer driving season and worries that OPEC+ production cuts could result in supply deficits […]

Citgo
Bankruptcy

Court Hearing on Citgo Auction Could Be Delayed Until September

July 1, 2024 Mariel Alumit

The court officer who oversees the auction of Venezuela’s PDV Holding, the parent company of refiner Citgo Petroleum, has asked a Delaware court to postpone the hearing on the winning bids by two months until […]

SM Energy
Finance

SM Energy to buy XCL’s Uinta assets for $2 bln, shares slump

July 1, 2024 Mariel Alumit

June 27 (Reuters) – SM Energy (SM.N), opens new tab said on Thursday it had agreed to buy some shale assets of oil and gas producer XCL Resources for about $2 billion, extending its footprint in the […]

Dynagas LNG Partners
Earnings

Dynagas LNG Partners reports higher quarterly net income

July 1, 2024 Stu Turley

Dynagas LNG Partners, the operator of six LNG carriers which work under long-term charters, reported a rise in its net income for the January-March period. The NYSE-listed limited partnership formed by shipowner Dynagas posted a […]

Critical Minerals

The Impact of the Chevron Supreme Court Decision

July 1, 2024 Andy Del Prado

Daily Standup Top Stories China Surpasses Europe in Per Capita Energy Consumption June 30, 2024 Stu Turley China’s energy consumption per capita has surpassed that of Europe, driven by decades of economic growth and infrastructure development. […]

China
Electrical Generation / Utilities

China Surpasses Europe in Per Capita Energy Consumption

June 30, 2024 Stu Turley

China’s energy consumption per capita has surpassed that of Europe, driven by decades of economic growth and infrastructure development. China has made significant investments in renewable energy but remains the world’s largest emitter of greenhouse […]

US Dollar
Finance

Status of US Dollar as Global Reserve Currency: Central Banks Diversify from USD-Assets to Other Currencies and to Gold

June 30, 2024 Stu Turley

Long, slow erosion of the US dollar’s dominance. China’s renminbi keeps losing ground, many other currencies gain, as does gold. By Wolf Richter for WOLF STREET. The US dollar is still by far the most dominant global reserve […]

Climate Crisis

Week Recap: Biden’s Wind Turbine Controversy, and EV Owners’ Regrets

June 29, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Biden Illegally Diverts Billions to Build Floating Wind Turbines! June 22, 2024 Stu Turley Guest Post from David Wojick at CFact. The Biden Administration is illegally redirecting hundreds of millions of dollars […]

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