By Wolf Richter for WOLF STREET. It’s sort of an anniversary: Treasury bills of three months or shorter have been selling at auction with yields over 5% since mid-April 2023. And since mid-May 2023, they have been selling […]
The latest macroeconomic data released by the US Department of Commerce indicates that the country’s economy could be moving towards stagflation, Business Insider has reported. The gloomy signs hint at tough challenges ahead, the outlet […]
TotalEnergies CEO, Patrick Pouyanne, disclosed plans for a potential New York listing during an analyst briefing on Friday, citing the desire to attract a larger share of U.S. investors. With 47% of institutional shareholders and […]
Hertz Global Holdings Inc (NASDAQ: HTZ) has raised the number of electric vehicles it plans to sell this year as it is cutting its EV fleet to reduce losses that have weighed on the car […]
As the Biden White House continues to brag about the alleged success of its economic policies, government data shows the country is hemorrhaging full-time jobs. According to the U.S. Bureau of Labor Statistics, the number of Americans reporting full-time employment dropped by more than 1.7 million jobs from November 2023 to the end of March […]
Cooperman’s Energy Bet Billionaire investor Leon Cooperman has disclosed a significant investment in energy stocks, attributing his decision to the recent surge in oil prices amid Middle East tensions. Cooperman, the chair and CEO of […]
BlackRock (BLK) CEO Larry Fink lashed out at political critics of the world’s largest money manager in combative new comments Friday, saying they “continuously lie.” The remarks came as his firm continues to face heat […]
Alongside the BRICS de-dollarization plans, the Chinese yuan has officially overtaken the US dollar as the top traded currency in Russia. Indeed, the currency has now surpassed the greenback as the most prominent foreign exchange […]
80% of single-family rentals are mom-and-pop; mega-landlords own just 3%. But mega-landlords dominate multifamily rentals. By Wolf Richter for WOLF STREET. There has been a lot of talk about corporate mega-landlords buying up single-family houses one by one […]
Big Oil is trumping the Magnificent Seven on the stock market this year in an oil stocks rally that few had expected a few months ago. Energy stocks have outperformed the top tech stocks this […]
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