She nails it with her list of inflation-fueling factors. It parallels what Powell said more softly at the press conference. The first three months of the year have produced a nasty re-acceleration of inflation in […]
Vestas (VWDRY) shares fell Thursday after the company reported a first-quarter adjusted EBIT loss and lower revenue year-on-year. Vestas’s first quarter adjusted EBIT came in at -EUR68 million. Analysts had forecasted an adjusted EBIT profit […]
US LNG exporting giant Cheniere reported a 42 percent drop in its quarterly revenue due to lower prices, while its net profit decreased 91 percent. The company’s Corpus Christi Stage 3 project is 55.9 percent […]
Weekly Daily Standup Top Stories Biden Administration Finalizes Power Plant Rule April 27, 2024 Stu Turley ENB Pub Note: I will discuss this article on the Daily Energy News Beat Stand Up. Look at the two […]
New all-time highs: Construction, Professional & Business Services, Healthcare, Wholesale trade. Layoffs whack Information. By Wolf Richter for WOLF STREET. Earlier today, we discussed the overall labor market. But each industry faces its own unique labor market. In […]
By Wolf Richter for WOLF STREET. In April, employers added 175,000 payroll jobs – excluding farm workers and the self-employed – a slower pace from the upwardly revised March estimate of 315,000 additions, which had been huge. Over […]
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and […]
The world is in a financial crisis and it is intentionally been implemented. Today I sit down with Paul Tice and we talk about his new book: “The Race to Zero: How ESG Investing will […]
Ford Motor Company reported a whopping $132,000 loss on each electric vehicle (EV) sold during the first three months of 2024, amassing a $1.3 billion loss. The auto manufacturer’s electric vehicle unit revealed Thursday that […]
The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer’s co-founder, must not take a seat on the supermajor’s board. […]
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