By Wolf Richter for WOLF STREET. Nvidia is special because the dollars are suddenly so huge – a hair over $2 trillion at the open on Friday, and just a little below $2 trillion at the close. Over […]
Rivian Automotive Inc. emerged as a darling of investors — a brand with promise for bringing the “cool” factor to the once-red-hot market for electric vehicles. But the Irvine-based company hit the brakes Wednesday, announcing […]
Hudbay Minerals (TSX, NYSE: HBM) shares rose on Friday following the company’s announcement of record quarterly and annual revenue of $602.2 million and $1.69 billion, respectively. Cash flow (before changes in non-cash working capital) also […]
Woodside Japan’s largest utility JERA has entered into an agreement with Australia’s Woodside to acquire a participation interest in the Scarborough gas field. JERA bought a 15.1% participating interest in the Scarborough gas field development […]
The median price of existing homes dropped further, high was June 2022, demand remains collapsed, active listings highest in 4 years, days on the market rise. By Wolf Richter for WOLF STREET. The national median price of existing homes […]
SM Bluebird at the Sabine Pass LNG terminal (Image: Cheniere Energy) US LNG exporting giant Cheniere reported a 39 percent drop in its 2023 revenue due to lower prices, while its net profit jumped compared […]
The Ukrainian Conflict is being decided on the battlefield, not on bank ledgers, which is why CNN’s innuendo about India financially fueling Russia’s participation in its proxy war with NATO in Ukraine falls flat. That […]
Spanish farmers on Wednesday (21 February) staged their biggest rally yet since protests began two weeks ago, as the ruling Socialist party and the centre-right opposition clashed in parliament over border controls and ‘mirror […]
Inflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around. By Wolf Richter for WOLF STREET. The average conforming 30-year fixed mortgage rate rose to 7.0% […]
An abandonment of reason is among the symptoms of a nation suffering from a collapse in the prevailing narratives Bloomberg recently foretold the end of Germany’s days as an industrial power in an article that […]
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