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Finance

ENB Daily Standup

Daily Energy Standup Episode #287 – Winter Freeze Impacts U.S. Natural Gas, Blackrock’s $12.5 Billion Infrastructure Move, and Talos Energy’s Strategic Acquisitions

January 16, 2024 Andy Del Prado

Daily Standup Top Stories Winter Freeze Cuts U.S. Natural Gas Output January 15, 2024 Mariel Alumit Sub-zero temperatures in much of the United States have frozen gas wells, leading to the drop in production to the […]

Price
Finance

The Most Splendid Housing Bubbles in Canada: Nationally -18% in December from Peak, Toronto -20%. Even in Calgary, House Prices Dropped. End of Easy Money

January 15, 2024 Stu Turley

Condo prices in Toronto carve out two-year low, house prices just a hair behind. By Wolf Richter for WOLF STREET. House prices in Canada have now fallen by 18% from the peak in March 2022 – or by […]

BlackRock
Finance

BlackRock Scoops Up Energy Infrastructure Giant GIP

January 15, 2024 Mariel Alumit

Investment management giant BlackRock has struck a $12.5 billion deal for Global Infrastructure Partners (GIP) in preparation of an expected surge in worldwide infrastructure needs, driven partly by the low-carbon energy transition. “If we are […]

economy
Climate Crisis

What are the biggest challenges facing the German economy in 2024?

January 15, 2024 Mariel Alumit

As we enter 2024, Europe’s largest economy is expected to continue to deal with the fallout of its recent economic crisis. Euronews Business highlights five key challenges for the German economy in 2024. Germany is […]

Wall Street - Energy News Beat
ESG

ESG Becomes Corporate America’s New Taboo – What is next?

January 14, 2024 Stu Turley

ESG, once a dominant trend, is now facing disapproval and legal challenges, prompting businesses to distance themselves and adopt new terms like “responsible business.” Political pressures and investor skepticism have led to significant withdrawals from […]

Price
Finance

Office CRE Gets Even Messier: Aftermath of “The War for Space”

January 14, 2024 Stu Turley

How this mess came about is actually kind of funny, in a costly way. By Wolf Richter for WOLF STREET. Availability rates in the office sector – office space that is on the market for lease either by […]

Finance

Citigroup announces mass layoffs

January 13, 2024 Stu Turley

The US banking giant Citigroup has announced plans to cut up to 20,000 jobs after reporting a steep quarterly loss of $1.8 billion for the last three months of 2023 – its worst in 15 […]

BRICS

Russia boosting trade with fellow BRICS nation

January 13, 2024 Stu Turley

Turnover with Brazil nearly doubled in December as the South American country ramped up imports of commodities from Moscow Trade between Russia and Brazil surged to record volumes in December despite Western sanctions as fellow […]

Finance

Prairie Operating announces acquisition of producing E&P assets

January 13, 2024 Stu Turley

Oil and Gas 360 HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP; the “Company” or “Prairie”) today announced it has entered into a definitive agreement to acquire the assets of Nickel […]

Finance

Real wages grew in only three G20 countries – UN

January 13, 2024 Stu Turley

Workers in China, Russia, and Mexico saw their inflation-adjusted earnings rise in 2023, a new report reveals Only three countries in the G20 saw real wages grow last year, a new report by a UN […]

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