The Republican-controlled US House of Representatives passed legislation on Friday (20 December) that would avert a midnight government shutdown, defying President-elect Donald Trump’s demand to also greenlight trillions of dollars in new debt. Next, […]
On re-spiking motor vehicle prices, jumping food & gasoline prices. But housing inflation backs off. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.31% (+3.8% annualized) in November from October, the sharpest increase […]
ENB Pub Note: We all know that Joe voted for President Trump, but I did not have him defending his economic record on my bingo card this week. If you have listened to the ENB […]
NFE announced on Monday the completion of the private exchange of $1.5 billion new senior secured notes for more than two-thirds of each of the company’s outstanding senior secured notes maturing in 2026 and 2029. […]
Quantitative Tightening shed 43% of the assets the Fed had added during pandemic QE. Bank-panic facility BTFP is vanishing. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $98 billion in November, […]
The move could deal a significant blow to U.S.-China trade relations and unleash a deluge of new tariffs. U.S. President-elect Donald Trump has made it clear that trade is at the top of his agenda […]
As outlined in the graphic below, there are seven key indicators to watch as the US government falls deeper into the self-perpetuating debt spiral that I think will culminate in the collapse of the US dollar. Indicator #1: […]
In the Energy News Beat – Conversation in Energy with Stu Turley interviews Riley Trettel, VP of Data Center Development at Hut 8, about the growing energy demands driven by AI and Bitcoin mining, and […]
Six-month core PPI: +3.4%. Six-month services PPI: +3.7%. Year-over-year, both also accelerated further. But energy prices plunged. By Wolf Richter for WOLF STREET. The plunge in energy prices caused the Producer Price Index to inch up by just […]
In the Energy News Beat – Conversation in Energy with Stuart Turley, David Allen, Managing Director of Octane Investments, discusses the complex intersections of energy and finance. David shares insights from his career, including experiences […]
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