As homebuilders got aggressive with mortgage-rate buydowns, incentives, and lower prices, sales held up, unlike sales of existing homes, which collapsed. By Wolf Richter for WOLF STREET. With inventories of new single-family homes for sale very high – […]
Secretary Chris Wright is doing a fantastic job as our Energy Secretary. Watch the funny yet pointed Senator Kennedy ask Chris questions about the $93 billion worth of loans shoveled out the door between President […]
Epic demand destruction has ensued after prices spiked by 50% in three years. And now supply is piling up. By Wolf Richter for WOLF STREET. Sales of existing single-family homes, townhouses, condos, and co-ops that closed in April […]
The “One Big, Beautiful Bill” (H.R. 1), passed by the U.S. House of Representatives on May 22, 2025, by a narrow 215-214 vote, is a sweeping reconciliation bill central to President Donald Trump’s second-term agenda. […]
ENB Pub Note: Interesting merger through a stock buyout. Their 3 offshore vessels work in oil, gas, and look to be some renewable energy. So, a shift looks to be happening to support both offshore […]
The massive 10-year home-price spike to 2022 was more than the economy could bear and has done a lot of damage, including to employment, as we can see. By Wolf Richter for WOLF STREET. Highly paid jobs in […]
With the free money gone, the hangover is getting worked off. By Wolf Richter for WOLF STREET. The 30-day-plus delinquency rate on credit cards issued by all commercial banks declined to 3.05% in Q1 seasonally adjusted, the third […]
The BOJ’s QT, inflation that’s higher than in the US, an atrocious fiscal mess, a devalued yen, it all comes together. By Wolf Richter for WOLF STREET. Japan, which now has substantially more inflation than the US – […]
Daily Standup Top Stories Britain’s Plan to Retrain Oil and Gas Workers for Clean Energy Jobs May 18, 2025 Clark Savage ENB Pub Note: The following is an interesting article from Felicity Bradstock on Oilprice.com. Britain’s […]
Data from the General Administration of Customs shows that the country received 4.64 million tonnes last month. This compares to 6.22 million tonnes in April 2024. During January-April, China imported 20.06 million tonnes of LNG, […]
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