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HomeFinance

Finance

Climate Crisis

Clean energy stocks have fallen out of favor. They face more challenges ahead

December 9, 2023 Stu Turley

Clean energy stocks are out of vogue, as higher interest rates and lagging efforts to combat climate change dog the sector. Those obstacles might not go away anytime soon. The iShares Global Clean Energy exchange-traded […]

Russia's Shadow Fleet
Crude Oil News

Russia’s Shadow Fleet – 24 min Bloomberg Video – “Ships aquired by “We don’t know who; and insured by who knows?”

December 9, 2023 Stu Turley

ENB Pub Note: Michael and I have talked about the “Shadow Fleet” for several years. Iran had been ahead of Russia in avoiding sanctions, but both have successfully made the United States irrelevant after the […]

US Dollar
Bankruptcy

Fed Balance Sheet QT: -$1.23 Trillion from Peak, -$129 billion in November, to $7.74 Trillion, Lowest since April 2021

December 8, 2023 Mariel Alumit

The Fed has now shed 29% of Treasuries it had added during pandemic QE starting in March 2020. By Wolf Richter for WOLF STREET. The Fed’s Quantitative Tightening (QT) continues on track, and the unwinding of the March […]

Price
Finance

Tesla Model Y is #2 US Bestseller in 2023 through Q3, Behind Perennial #1 Ford F-150, and Ahead of Toyota RAV4

December 7, 2023 Stu Turley

Sales of EVs soar 56.7% in 2023 through Q3. Sales of vehicles with gasoline engines languish at +1.4%. The new registrations are out. By Wolf Richter for WOLF STREET. Tesla’s Model Y was the #2 bestseller in the […]

IMF
Climate Crisis

IMF boss says governments need to impose global carbon tax on citizens to punish them for using energy

December 7, 2023 Mariel Alumit

Kristalina Georgieva, a Bulgarian economist who serves as the managing director of the International Monetary Fund, said Monday that the IMF wants to see countries implement punishing new carbon taxes to “fight climate change.” She […]

Energy
Finance

“Green” Energy Stocks Are Not Faring Well

December 7, 2023 Mariel Alumit

Despite well over $1 trillion so far spent by governments on “green energy,” the iShares Global Clean Energy E.T.F., an exchange-traded fund that tracks the entire industry, is down more than 30 percent this year. Further, since the start […]

Putin
Finance

Russia will post 3.5% economic growth for 2023 – Putin

December 7, 2023 Mariel Alumit

7 Dec, 2023 12:19 HomeBusiness News Western countries have failed to destabilize the country’s economy, according to the Russian president The Russian economy grew by 3.2% in the first ten months of 2023 and will post […]

JPMorgan
Crypto

Shut crypto down – JPMorgan boss

December 7, 2023 Mariel Alumit

Digital assets facilitate illegal activities and should be banned, Jamie Dimon says Cryptocurrencies should be outlawed, JPMorgan CEO Jamie Dimon said at the US Senate Banking Committee’s annual Wall Street oversight hearing on Wednesday. According […]

Price
Finance

Subprime Comes Home to Roost for Specialized Auto Dealers, Lenders & Investors: Car-Mart Was Next to Confess

December 7, 2023 Stu Turley

Subprime is the mother lode of profits – until it isn’t. By Wolf Richter for WOLF STREET. Subprime is re-getting into trouble, after having somewhat gotten out of trouble during the free-money pandemic, when folks used some of […]

Price
Finance

“We Need a Recession…” But it’s Just Not Happening

December 7, 2023 Stu Turley

Wolf Richter on Adam Taggart’s new show, Thoughtful Money. Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out […]

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