International credit rating agency Moody’s has changed its outlook on the US from “stable” to “negative,” citing massive fiscal deficits and a notable decline in debt affordability as major reasons for the move on Friday. […]
Authored by Simon White, Bloomberg macro strategist, The market’s point of focus in the UMich data is the higher-than-expected inflation expectations figure, which potentially brings more risks to bonds. One-year inflation expectations rose to 4.4% […]
Reuters reports the German government, Siemens AG, and other parties will provide billions of euros in project-related guarantees to support Siemens AG’s struggling wind turbine division. This financial assistance comes just weeks after the company warned about mounting […]
Joining Powell in the discussion are the IMF’s Gita Gopinath, Bank of Israel Governor Amir Yaron, and Kenneth Rogoff, chair of international economics at Harvard University. Thank you for the opportunity to participate in today’s panel discussion. […]
Complete disaster. That’s the only way one can describe today’s 30Y auction, which many expected could be challenging after a mediocre 3Y and a subpar 10Y auction earlier this year, but nobody expected… this. The […]
Several years ago, roughly around the time Masa Son‘s SoftBank launched a truly unprecedented, historic capital misallocation campaign (which will one day be a case study in how to vaporize tens of billions), which was […]
Nasdaq Pipeline operator TC Energy TRP.TO on Wednesday beat third-quarter profit estimates, as it gained from transporting higher volumes of liquefied natural gas. Source: Reuters The company reported an adjusted profit of C$1.00 ($0.7262) per share for […]
New study shows a $1.1 billion drop in gold exploration budgets this year as juniors struggle to raise capital, but the precious metal still accounts for 46% of the total. According to a new study by […]
The power ministry may not participate in the accelerated coal transition investment plan submitted by the World Bank as it is not considering repurposing or retiring any coal-based thermal power plant before 2030, said people with knowledge of the matter. The plan offers […]
Newmont Corp. (NYSE: NEM) plans to raise $2 billion in cash through mine sales and project divestments following the acquisition of Australia’s Newcrest Mining. The approximately $15 billion deal was completed on Monday. The acquisition […]
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