By Wolf Richter for WOLF STREET. Look, today’s jobs report shows why we don’t get too excited about the month-to-month squiggles in the jobs data (blue lines in the charts below). The labor market doesn’t turn around from […]
Saudi Aramco’s mega stock offering will raise at least $11.2 billion for Riyadh, the biggest such deal globally in about three years that will help fund a multitrillion-dollar push to transform the economy. The government […]
Complex relationship Tensions between China and the United States have been on the rise for an extended period, driven by economic competition, geopolitical disagreements, and various diplomatic clashes. Recently, China has intensified this complex relationship […]
Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through […]
Russian President Vladimir Putin said Friday that nearly 40% of the country’s trade turnover is now in rubles as the share conducted in dollars, euros and other “non-friendly” Western currencies has fallen away. Speaking at the St. […]
Quantitative Tightening has removed 40% of Treasury securities and 28% of MBS that pandemic QE added. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $107 billion in May, to $7.26 trillion, […]
More than $500bn (£391.13bn) was invested into oil and gas last year, according to a report from the International Energy Agency (IEA), in a blow to environmental activists’ calls for no new fossil fuel development. […]
Stockholders of TC Energy Corp. have voted in favor of a proposal to separate the liquid transport operations of the Canadian oil and gas pipeline company into an independent publicly listed business. Each TC Energy […]
Global investment in clean energy is projected to nearly double the amount going into fossil fuels in 2024, according to the International Energy Agency (IEA). The anticipated spending on clean energy technologies and infrastructure is […]
Daily Standup Top Stories Senator Ted Cruz Introduces Bill to Repeal Biden’s Natural Gas Tax June 5, 2024 Mariel Alumit U.S. Senator Ted Cruz introduced legislation to repeal the natural gas tax included in the Biden […]
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