Something darkly humorous about these central-bank engineered easy-money spikes that then go POOF. By Wolf Richter for WOLF STREET. Home prices in Canada dropped 1.7% in November from October, after having dropped by 1.6% in October from September, […]
The three account for 50% of retail sales. People blowing their disposable income that outran inflation by a wide margin this year. By Wolf Richter for WOLF STREET. Total retail sales rose by 0.3% in November from October, […]
Warren Buffett’s Berkshire Hathaway bought close to $590 million worth of Occidental Petroleum stock this week after the latter announced it would acquire Permian oil driller CrownRock. Occidental said it will buy CrownRock for cash […]
ENB Pub Note: “Sanctions do not work as intended”- Irina Slav. She has a great definition and is extremely accurate. The weaponization of the US dollar has accelerated the demise of the United States financial […]
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. With the inflation rate easing and […]
As the year draws to a close, stock-market professionals can recite a litany of explanations for why the U.S. market has marched higher this year. But a group of Wall Street strategists believe chalking up […]
MOSCOW – Last week, Russian President Vladimir Putin made a notable pit stop in the UAE and Saudi Arabia to meet, respectively, Emirati President Mohammad bin Zayed (MbZ) and Saudi Crown Prince Mohammad bin Salman […]
14 Dec, 2023 09:38 HomeBusiness News The president has praised the country’s economic performance in his annual address The Russian economy has shown strength and stability in the face of outside pressure, with GDP expected […]
Lowers GDP growth projections and PCE inflation projections for 2024. By Wolf Richter for WOLF STREET. The FOMC voted unanimously today to keep its five policy rates unchanged, with the top of its policy rates at 5.50%. It […]
The following content is sponsored by the Copper Development Association The State of Copper Recycling in the U.S. Copper is essential for a low-carbon economy due to its crucial role in renewable energy technologies. As […]
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