Maersk Supply Service Equinor and BP have agreed to separately pursue their joint offshore wind projects in the US through a swap transaction under which the Norwegian oil and gas giant will take full ownership […]
Homebuilders do what it takes to sell homes in this market while sales of existing homes have collapsed. By Wolf Richter for WOLF STREET. The median price of new single-family houses sold in December dropped to $413,200, down […]
This is funny, in a central-bank kind of way. By Wolf Richter for WOLF STREET. The Fed confirmed today in a press release at 7 PM EST that its infamous tool to deal with the March 2023 bank-panic […]
With uncanny precision? By Wolf Richter for WOLF STREET. The deal came up during D.R. Horton’s earnings call with analysts, without the two companies being named. The analyst posing the question referred to it as “a large acquisition […]
Diversified Energy Co., the largest owner of US oil and natural gas wells, is being targeted by a short seller claiming the company may not have enough money to meet obligations to plug inactive wells. […]
Hochschild Mining plc (LSE: HOC) ended 2023 at the top end of its revised production guidance, with costs also anticipated to be in line with expectations, the UK-based precious metals producer announced Wednesday. Total attributable production […]
The number of UK businesses on the brink of bankruptcy skyrocketed by more than a quarter at the end of last year amid a “debt storm” triggered by a series of interest rate hikes, a […]
The plunge in mortgage rates in Nov and Dec blew up the hedge for the rate buydowns: surprise cost on top of the regular costs of buydowns. By Wolf Richter for WOLF STREET. Homebuilder stocks tanked on Tuesday […]
The SPACs Shift Technologies and Carlotz are already dead. Carvana is still out there, after its distressed debt exchange. By Wolf Richter for WOLF STREET. In an SEC filing and an announcement on its website Monday evening, Vroom […]
In 19 months, prices in San Francisco dropped nearly as much as in the first 19 months of Housing Bust 1. Overall Bay Area is well behind. We’re keeping score. By Wolf Richter for WOLF STREET. The median […]
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