Reserves, Domestic ON RRPs, Currency in Circulation, the TGA, and official foreign RRPs determine how far QT can go. By Wolf Richter for WOLF STREET. The Fed has been talking a lot about its liabilities recently, including Powell […]
BlackRock pushed back on Texas’ decision to pull $8.5 billion in investment from the asset manager over ESG policies The world’s largest asset manager, BlackRock, is pushing back on Texas’ decision to withdraw roughly $8.5 billion […]
Germany is an example of what interest-rate repression and QE do to home prices, and what happens when raging inflation causes those policies to be reversed. By Wolf Richter for WOLF STREET. Prices of existing homes in Germany – […]
Czech conglomerate ÈEZ Group is acquiring a 55.21 percent stake in GasNet, the Czech Republic’s leading gas distribution infrastructure operator, in a move to transition from coal-powered energy generation to natural gas and hydrogen. CEZ […]
“Many potential buyers are postponing their purchasing plans in hopes of securing lower rates. Consequently, lower buyer competitions exerted downward pressure on prices”: Realtor.com By Wolf Richter for WOLF STREET. The seasonally adjusted annual rate of sales of […]
Turkey’s central bank lifted its main rate to 50% as it continues its effort to bring runaway inflation back into line. The central bank increased its rate to 50% from 45%, a move that sent […]
NEW YORK, March 21, 2024 /PRNewswire/ — Riposte Capital LLC, one of the largest shareholders of SilverBow Resources, Inc. (NYSE: SBOW), owning approximately 9.9% of the Company’s outstanding common stock, today issued the following statement: Riposte Capital has […]
The U.S. Energy Information Administration (EIA) raised its U.S. diesel price forecasts for both 2024 and 2025 in its latest short term energy outlook (STEO), which was released recently. According to its March STEO, the […]
In 2023, crude oil and natural gas exploration and production (E&P) companies increased spending on mergers and acquisitions (M&A) to $234 billion, the most in real 2023 dollars since 2012. Recent dealmaking marks a return to the previous […]
Raises longer-run rate projection (higher for longer), and projections for inflation and GDP in 2024. By Wolf Richter for WOLF STREET. FOMC members voted unanimously today to maintain the Fed’s five policy rates, with the top of its […]
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