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Finance

Eyepopping Factory Construction Boom in the US: Chip Makers on Forefront, but CHIPS Act Funds Not Even Released Yet

February 3, 2024 Stu Turley

Supply-chain chaos, edgy US-China relations, and scary dependence on China triggered a rethink, now showing up as investments in manufacturing plants. By Wolf Richter for WOLF STREET. In December, companies plowed $18.4 billion into the construction of manufacturing […]

US debt
Rare Earth Minerals

VRIC: Mining at a crossroads amid de-dollarization trend, US debt dilemma

February 1, 2024 Stu Turley

  The shifting economic paradigms of de-dollarization and escalating U.S. debt present a complex landscape for mining, set against the backdrop of rapidly evolving financial dynamics and economic instability that govern the sector’s prospects, a […]

Price
Political

US Republicans move to impeach Homeland Security chief

January 31, 2024 Stu Turley

Alejandro Mayorkas is accused of failing to enforce immigration laws at the border with Mexico Republican lawmakers took another step on Wednesday towards launching an impeachment process against US Homeland Security Secretary Alejandro Mayorkas. The […]

TotalEnergies
Offshore

Construction of largest US offshore wind farm set to begin after clearing final hurdle

January 31, 2024 Mariel Alumit

BOEM The US authorities have given the final two major federal approvals required for the start of construction work on Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project, the largest approved offshore wind […]

Finance

US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace

January 27, 2024 Stu Turley

The economy grew solidly. The debt spiked. By Wolf Richter for WOLF STREET. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted […]

US
LNG

US weekly LNG exports drop to 27 cargoes

January 22, 2024 Stu Turley

US liquefied natural gas (LNG) exports decreased in the week ending January 17 compared to the week before, according to the Energy Information Administration. The agency said in its weekly natural gas report that 27 […]

German MEP
International News

German MEP demands answers over death of US journalist in Ukraine

January 17, 2024 Mariel Alumit

Bernhard Zimniok has called for an independent probe into the Kiev’s alleged torture and killing of Gonzalo Lira German MEP Bernhard Zimniok has pressed for an independent investigation into the death of a US journalist […]

US
International News

US defense chief ordered ‘subtle’ ambulance – media

January 17, 2024 Mariel Alumit

A new wrinkle has been reported in Lloyd Austin’s efforts to keep his hospital stay and medical condition secret US Secretary of Defense Lloyd Austin’s security detail reportedly tried to conceal his emergency trip to […]

Iranian
International News

WATCH aftermath of Iranian strikes near US consulate

January 16, 2024 Mariel Alumit

Tehran won’t hesitate to protect its national security from terrorists, the Foreign Ministry has said Tehran’s Foreign Ministry has claimed that missile attacks launched by Iran’s Islamic Revolutionary Guard Corps (IRGC) on an alleged Israeli […]

International News

US policy on North Korea destabilizing region – Lavrov

January 16, 2024 Mariel Alumit

The Russian foreign minister warned against any steps that could escalate tensions The US and its Asian allies are increasing regional tensions with their hostile policies toward Pyongyang, Russian Foreign Minister Sergey Lavrov told his […]

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