And the backlog of unfilled orders remained at record high. By Wolf Richter for WOLF STREET. New orders for durable goods received by manufacturers in the US in April “plunged,” as the headlines had it, by 6.3% in […]
Austin, Oakland, New Orleans, San Francisco, Washington D.C., Phoenix, Portland, Denver, Fort Worth, San Antonio. By Wolf Richter for WOLF STREET. For the US overall, for the entire market, the median price of all single-family homes was up […]
But it may take a while before these federal lease terminations work their way into CRE delinquency rates. By Wolf Richter for WOLF STREET. Vacant office space in the US grew by an additional 8.06 million square feet […]
Electricity generators plan to retire 12.3 gigawatts (GW) of capacity in 2025, a 65% increase in retirements compared with 2024. Last year, 7.5 GW was retired from the U.S. power grid, the least generation retired […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, February 2025 In 2026, we forecast that inventories of the three largest transportation fuels in the United States—motor gasoline, distillate fuel oil, and jet fuel—will fall to their […]
Surge of imports not a sign of weak demand, on the contrary, but imports deduct from GDP. By Wolf Richter for WOLF STREET. The tariff chaos continues with a constant barrage of announcements of new tariffs followed by […]
Even as miles driven inched to a record and the population surged, gasoline consumption in 2024 was where it had been 20 years ago. By Wolf Richter for WOLF STREET. Gasoline consumption in the US, in terms of […]
Daily Standup Top Stories How has green energy policies impacted the environment, society, and our financial systems? DOGE found that the Inflation Reduction Act was funding change. February 11, 2025 Clark Savage But what change you […]
At the recent Paris AI Action Summit, both the United States and the United Kingdom declined to sign a joint declaration aimed at promoting ethical, transparent, and sustainable artificial intelligence. The declaration, endorsed by 61 […]
A staple of U.S. political discourse has generated unrealistic expectations about how democracy functions. With every new president comes the inevitable discussion of the first 100 days. “The Hundred Days — as they are called,” […]
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