“We’re focused on the real economy,” Bessent said. “Ouch,” stocks said. Where did the Trump put go? By Wolf Richter for WOLF STREET. One issue is, how do you get an economy addicted to government deficit spending off […]
ENB Pub Note: Yes, the US is in a debt crisis caused by the Republicans and Democrats. It will be tough to unwind the deliberate take down of the United States, and I believe we […]
Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.22% (+2.62% annualized) in […]
China Brief on Beijing’s response to Trump’s tariff increases. By James Palmer, a deputy editor at Foreign Policy. China has toughened up its rhetoric amid U.S. President Donald Trump’s tariff increases. Last week, Chinese Foreign Ministry […]
Natural gas accounts for 42% of electricity generation. It’s feedstock for fertilizers. It’s widely used for heating. And 19% was exported in 2024. By Wolf Richter for WOLF STREET. The notoriously volatile price of US natural gas futures […]
Daily Standup Top Stories Chris Wright Moves to Refill The Strategic Petroleum Reserve March 9, 2025 Clark Savage Many people are curious about the Trump administration’s plans to refill the Strategic Petroleum Reserve (SPR) that was […]
n Energy News Beat – Conversation in Energy, Stuart Turley welcomes Wasif Latif, Co-Founder & CIO of Sarmaya Partners, for their third discussion on energy and finance. They explore the growing demand for natural gas […]
Companies can’t pass on those higher prices? What a bummer. But if they can without losing sales, it’s off to the races. See 2021/2022. By Wolf Richter for WOLF STREET. Nearly every subindex of today’s ISM Services PMI […]
US president Donald Trump’s new round of tariffs against his country’s top three trading partners has sparked retaliatory action, launching new trade conflicts. On Tuesday, Trump imposed 25% tariffs on Mexican and Canadian imports, as […]
The game of inflation Whack-A-Mole: price pressures shifted from housing to non-housing services and core goods. By Wolf Richter for WOLF STREET. Just briefly here because it’s an interesting twist by the New York Fed on Friday’s PCE […]
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