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 […]
Daily Standup Top Stories U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC June 3, 2024 Mariel Alumit The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from […]
A massive corporate rethink is underway. Inflation in construction costs explains only a small portion of the spending boom. By Wolf Richter for WOLF STREET. Companies plowed $18.4 billion in April into the construction of manufacturing plants in […]
NEW YORK, June 3 (Reuters) – Oil prices tumbled by $3 a barrel on Monday to their lowest in nearly four months, as investors worried that a complicated OPEC+ output decision could lead to higher […]
The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from issuing a central bank digital currency. The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer (R-Minn.), seeks […]
The key driver of the industry now is returning more to shareholders and preparing for inventory stacked up for years of production ahead. Last week, the U.S. oil industry saw its latest announcement of a […]
(Bloomberg) – Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. […]
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company, has announced an agreement to acquire 80% of UK-based tanker owner and pool operator Navig8 for […]
By Wolf Richter for WOLF STREET. Tax receipts by the federal government in 2024 are shaping up to be pretty good. In 2023, Q1 and Q2 tax receipts were crappy because capital gains taxes had plunged because 2022 […]
At the start of April, we penned a lengthy report for premium subs discussing why artificial intelligence data centers, the electrification of the economy, and onshoring trends will result in a major upgrade of the nation’s power grid. […]
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