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HomeFinance

Finance

Cyberattack
Cyber Terrorism

Iran’s Central Bank Hit by Major Cyberattack

August 15, 2024 Mariel Alumit

Iran’s Central Bank has reportedly been hit by a major cyberattack, causing widespread disruption to the country’s banking system. The attack comes amid heightened tensions with Israel, and some speculate it could be a retaliatory […]

Canada
Finance

Most Splendid Housing Bubbles in Canada, July 2024 – Toronto, Vancouver, Victoria, Ottawa, Calgary, Montreal, Edmonton, Quebec, Winnipeg: Market “Hits Pause” Despite 2 Rate Cuts

August 15, 2024 Stu Turley

Toronto single-family prices -15% from peak, condos at multiyear lows. Calgary & Quebec City reach new highs. By Wolf Richter for WOLF STREET. Home sales across Canada dipped 0.7% in July from June, seasonally adjusted, and remain about […]

Oil prices
Finance

Oil prices edge down after surprise rise in US crude stockpiles

August 14, 2024 Mariel Alumit

HOUSTON, Aug 14 (Reuters) – Oil prices slipped on Wednesday after U.S. crude inventories rose unexpectedly and as worries eased slightly that a wider Middle East conflict could threaten production in one of the world’s […]

CPI
Finance

Beneath the Skin of CPI Inflation: Broad Month-to-Month Acceleration, Services CPI Bounces Back from Outlier, Plunge in Durable Goods Prices Slows 

August 14, 2024 Mariel Alumit

By Wolf Richter for WOLF STREET. On a month-to-month basis, the Consumer Price Index (CPI) and Core CPI accelerated in July. Inflation in core services, which accounts for 65% of total CPI, bounced back from the outlier and […]

Flex LNG
Earnings

Flex LNG reports lower Q2 results, expects higher earnings in H2

August 14, 2024 Mariel Alumit

The owner of 13 LNG carriers said on Wednesday vessel operating revenues were $84.7 million for the April-May period, a drop compared to $86.7 million in the second quarter last year and from $90.2 million […]

port
Finance

American port strike looms as shipping’s next major chokepoint

August 14, 2024 Mariel Alumit

The real threat of a dockworker strike at ports across the US east and Gulf coasts come October 1 could knock supply chains out of synch through to 2025, according to new research from Copenhagen. […]

Commodities

ENB #214 Navigating the Return to Tangibles: Investing in Energy, Commodities, and Long-term Market Themes

August 13, 2024 Stu Turley

In the Energy News Beat – Conversation in Energy with Stuart Turley interviews Wasif Latif, CEO & Chief Investment Officer of Sarmaya Partners, about thematic investing and the importance of identifying long-term market themes. They […]

PPI
Finance

Services PPI & Core PPI YoY Were Pushed Down by Extreme Base Effect That’ll Flip Next Month for Rest of 2024

August 13, 2024 Stu Turley

Whiplash-causing month-to-month services PPI fell in July after hot readings in prior months. Core goods PPI is well-behaved. By Wolf Richter for WOLF STREET. The sharp deceleration on a year-over-year basis of the core Producer Price Index and […]

Germany
Finance

“Germany’s deindustrialization has begun”

August 13, 2024 Mariel Alumit

The number of industrial companies considering moving away from Germany is constantly increasing, as a new survey shows. The situation is particularly dramatic among large companies. The anger is directed at the traffic light coalition, […]

UK pension fund
Finance

UK pension fund teams up for wind farm

August 13, 2024 Mariel Alumit

Railpen, a major UK pension fund, and GreenPower, a Scottish renewable energy firm, are teaming up to develop the Barachander wind farm in North Argyll. The project will add approximately 66MW of wind power to […]

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