Stuck with a 6% or 7% mortgage that was supposed to be refinanced? The Fed is counting on them to help bring inflation down. By Wolf Richter for WOLF STREET. The over-7% mortgage rates seem to have become […]
Rate hikes seem to be more effective in Canada than in the US in slowing the economy and bringing down inflation. By Wolf Richter for WOLF STREET. “With continued evidence that underlying inflation is easing,” the Bank of […]
HOUSTON, June 5 (Reuters) – Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S. Federal Reserve in September outweighed demand concern after data showed […]
Unrealized losses in the US banking system are once again on the rise, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its Quarterly Banking Profile report, the FDIC says banks are now saddled […]
Too little too late? Japan had trade deficits for years; a crushed yen is not good. Needed now: Big QT & rate hikes to bail out the yen. By Wolf Richter for WOLF STREET: The Bank of Japan’s […]
Layoffs & Discharges drop further, and are far lower than before the pandemic, as employers cling to their workers. By Wolf Richter for WOLF STREET. Layoffs and discharges fell for the second month in a row, to 1.51 […]
The slump in oil prices so far this week has dragged down shares in the top UK-based oil and gas supermajors, Shell and BP, with their stock falling on Tuesday and pushing London’s main FTSE […]
Small island states are pointing the way on finding innovative funding. If average global temperature rises are to be limited to 1.5 degrees Celsius above preindustrial levels (in line with the 2015 Paris Agreement), climate […]
French energy giant TotalEnergies has entered into deals to supply liquefied natural gas (LNG) to Indian Oil and Korea South-East Power. TotalEnergies said on Tuesday these contracts allow the firm to secure medium-term outlets for […]
Turkish Foreign Minister Hakan Fidan has stated that Ankara intends to discuss the issue during an upcoming meeting in Russia Türkiye will seek to join the BRICS group of nations and intends to bring up the […]
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