Central bankers’ continued fight to bring rampant inflation under control could plunge developed countries into recession next year, the Organization for Economic Co-operation and Development (OECD) has warned. According to its global outlook, issued earlier […]
They Out-Spent and Out-Earned inflation without breaking a sweat, and saved some too. By Wolf Richter for WOLF STREET. I had too many irons in the fire yesterday, and didn’t think I needed to cover the consumer spending […]
Spot liquefied natural gas freight rates and European LNG prices fell this week when compared to the week before, according to Spark Commodities. Last week, LNG freight rates were almost flat. The Spark30S Atlantic decreased by […]
Gasoline plunged, durable goods fell. Inflation still hot in services: housing, insurance, healthcare, transportation (incl. auto services). Food inflation simmers. By Wolf Richter for WOLF STREET. The PCE price index released today boils down to this, in October […]
The economic toll of extreme weather has grown substantially, according to a World Meteorological Organization report. Extreme weather events and climate-related disasters have caused significant economic losses, reaching nearly $1.5 trillion in the decade to […]
The spectacle of another annual climate conference is getting underway in the United Arab Emirates (Nov 30 – Dec 12). Like Kabuki theater, performative set pieces lead from one to the other: politicians and celebrities […]
Oil Price Elliott Investment Management, an activist investment group, said on Wednesday it had amassed a $1-billion stake in one of the largest U.S. refiners, Phillips 66, and expressed dissatisfaction with the company’s underperformance in recent years. […]
ESG funds, once champions of environmental causes, have raised ethical concerns after investing heavily in defense stocks In the cutthroat world of asset management, my gig as an investment banker at Zurich’s top Swiss joint […]
Daily Standup Top Stories Dwindling copper supply from Panama and Peru could wipe out global surplus in 2024 November 29, 2023 Mariel Alumit Reduced supply from major copper producers Panama and Peru may flip the global […]
The global financial landscape is witnessing a seismic shift as the United Arab Emirates (UAE) boldly moves away from the US dollar in its oil trade dealings. This strategic pivot aligns with the broader ambitions of the […]
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