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HomeFinance

Finance

BRICS
BRICS

Delegations from 200 cities invited to BRICS forum – Moscow

June 12, 2024 Mariel Alumit

Representatives from more than 200 cities around the world have been invited to take part in the BRICS International Municipal Forum, scheduled for August in Moscow, authorities in the Russian capital have said. Over 5,000 participants from […]

Commodities

The Myth of the Inevitable Rise of a Petroyuan

June 11, 2024 Stu Turley

In diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the king of Saudi Arabia in December, both nations issued lengthy readouts extolling the burgeoning Saudi-Sino relationship in […]

Dollar
BRICS

Don’t Bet Against the Dollar

June 11, 2024 Mariel Alumit

U.S. competitors are pushing the limits of autonomy within a dollar-based system, but there isn’t a real global alternative—and the world is far from an inflection point. It has been 80 years since the Bretton […]

Joe Biden
Finance

Why oil companies are raking in record profits under Joe Biden

June 11, 2024 Mariel Alumit

CNN — Nearly four years ago, while campaigning in the runup to the last presidential election, Donald Trump warned that President Joe Biden would “destroy” the oil industry. As Trump and Biden are set once again to […]

Moscow and Cairo
BRICS

Moscow and Cairo highlight growing role of BRICS

June 11, 2024 Mariel Alumit

Russian Foreign Minister Sergey Lavrov has discussed bipartisan relations with his Egyptian counterpart Sameh Shoukry Moscow and Cairo have discussed current issues regarding the development of Russian-Egyptian relations, the press service of the Russian Foreign […]

Wholesale Prices
Electric Vehicles

Used Car Wholesale Prices Continue Plunge, Gave up 59% of Pandemic Spike. But still up 35% from Jan 2020: EVs +72%, ICE Vehicles +34%

June 10, 2024 Mariel Alumit

Compact trucks +70% since Jan 2020; full-size pickups +39%, SUVs +30%, compact cars +20%. Auto insurance +44% since Jan 2022. By Wolf Richter for WOLF STREET. Used vehicle prices are in a historic downward spiral, unwinding the hugest-ever […]

Your Own Boss
Finance

The Desire to Be “Your Own Boss” in America

June 9, 2024 Stu Turley

“You can’t always get what you want… but if you try sometimes, well, you might find, you get what you need…”: The Rolling Stones By Wolf Richter for WOLF STREET. “Everything else being equal, would you rather – […]

ESG

Global investors pull $60b from ESG funds

June 9, 2024 Stu Turley

New York | Global investors are turning their backs on sustainably focused stock funds, as poor performance, scandals and attacks from US Republicans hit enthusiasm for a much-hyped sector that has pulled in trillions of dollars […]

Employment
Finance

Longer-Term Trends of Employment by Industry Category

June 8, 2024 Stu Turley

New highs in employment: Construction, Professional & Business Services, Healthcare, Wholesale trade. Declines in Information. By Wolf Richter for WOLF STREET. We discussed overall employment and the number of jobs created in an economy humming along in an inflationary […]

ENB Daily Standup

Week Recap: Fink AI Power, Turkmenistan Gas and China-Iran Deal

June 8, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Blackrock’s Larry Fink Jumps On “Next AI Trade”, Warning World Will Be “Short Power” June 1, 2024 Stu Turley At the start of April, we penned a lengthy report for premium subs discussing why […]

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