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HomeFinance

Finance

US LNG
Exports

US LNG exporter Cheniere uplisted to NYSE

February 1, 2024 Mariel Alumit

US LNG exporting giant Cheniere Energy and Cheniere Energy Partners have each been approved for uplisting to the New York Stock Exchange (NYSE) from the NYSE American. The common stock of Cheniere and the common […]

Shell’s Q4 profit
Big Oil Companies

Shell’s Q4 profit down to $7.3 billion, LNG sales up

February 1, 2024 Mariel Alumit

LNG giant Shell reported a drop in its adjusted earnings in the fourth quarter last year, while its LNG sales rose compared to the same period in 2022. The UK-based firm said its adjusted earnings […]

Powell
Finance

Here’s my Powell Cocktail, Not Quite in his Own Words

February 1, 2024 Mariel Alumit

It’s premature to think rate cuts are right around the corner, we haven’t decided anything yet, it’s meeting by meeting, but in March no way Jose, I mean, that’s not my base case. By Wolf Richter for WOLF […]

Rate-Cut
Finance

Wow, Fed’s Statement Pushes Back against Rate-Cut Mania and End-of-QT Mania. Holds Rates at 5.50% Top of Range, QT to Continue as Planned

January 31, 2024 Stu Turley

Ok, so that push-back in the statement was unexpected. By Wolf Richter for WOLF STREET. The FOMC statement released today by the Fed after its two-day meeting pushed back aggressively against the market’s massive rate cut expectations this […]

BRICS
BRICS

Russia plays leading role in BRICS – South African sherpa

January 31, 2024 Stu Turley

Russia’s presidency of BRICS has resulted in a total revamp of the organization, South African sherpa Anil Sooklal has told RT in an exclusive interview. Sookhal, who is also his country’s sherpa for the G20 […]

Most Splendid Housing Bubbles
Finance

The Most Splendid Housing Bubbles in America, January 2024 Update. Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Las Vegas, even San Diego

January 30, 2024 Stu Turley

The 20-City Index dips off a beautiful double-top. Some metros saw new highs. By Wolf Richter for WOLF STREET. The overall home price index for the 20 metros that today’s S&P CoreLogic Case-Shiller Home Price Index covers dipped a […]

Tesla
Electric Vehicles

Tesla Closes in on Toyota in California: The Battle for #1. Total EV Sales +46% in 2023, EV Share Hits 21%

January 30, 2024 Mariel Alumit

Tesla +24.6%, Toyota +2%. Model Y +52%, #1 bestseller by far; Model 3 is #2 bestseller. Toyota loses it, Camry sales -16%, RAV4 +1%. By Wolf Richter for WOLF STREET. Tesla’s share of all light vehicles sold in […]

Treasury Department
Finance

Treasury Department Trying Very Hard to Push Down Yields with its Quarterly Refunding Announcements. So We Take a Look

January 30, 2024 Stu Turley

Here come the “Marketable Borrowing Estimates,” showing by how much the pile of marketable Treasury securities will increase. By Wolf Richter for WOLF STREET. The Treasury Department’s Quarterly Refunding announcements, normally cause of a global yawn, have turned […]

FID
Energy Transition

Over $350bn in pre-FID offshore wind projects at risk

January 29, 2024 Mariel Alumit

OffshoreRenewables European Energy Nearly 40% of the 380GW pre-sanctioned offshore wind pipeline forecast to reach FID between 2024 and 2030 is considered under risk, a new analysis by Westwood claimed. In its recent Project Certainty […]

US economy
Finance

Top Wall Street banker issues dire warning on US economy

January 28, 2024 Stu Turley

  Jamie Dimon calls for the snowballing US debt burden to be addressed before it turns into crisis The US economy is heading towards disaster as the vast national debt continues to mount, JPMorgan CEO […]

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