Finance
-
Enbridge aims to help North America win from the AI boom and the Iran war as the FedEx of energy delivery
Call it the FedEx of energy. Calgary-based Enbridge has grown into the largest oil and gas pipeline company in the world by market cap—$120 billion—delivering vital energy supplies across the globe. Just don’t simplify Enbridge to only putting pipe in the ground. With assets that span renewables to utilities, Enbridge boasts a broad array of
-
Markets on alert as Trump vows ‘Project Freedom’ for Hormuz, setting up potential showdown after renewed attacks on ships
Financial markets were muted on Sunday as investors were reluctant to bite on the latest well-timed social media post from President Donald Trump about Iran. Futures tied to the Dow Jones industrial average rose 84 points, or 0.17%. S&P 500 futures were up 0.11%, and Nasdaq futures added 0.06%. U.S. oil futures dipped 0.77% to $101.16 a barrel, and
-
As economic despair mounts, Russian official admits the country has had enough of Putin’s war on Ukraine. ‘We can’t even take one region’
Vladimir Putin is losing the Russian people as the economy and his war machine go in reverse amid withering Ukrainian attacks. On the economic front, Putin himself recently revealed that GDP contracted in the first two months of the year. And on the Ukraine front, Russian forces suffered a net loss of territory last month
-
Basic goods in Cuba are increasingly sold in U.S. dollars as economy collapses. ‘Everything is scarce here — everything — even that wretched bread’
José Luis Amate López hasn’t had a customer in almost two weeks, not counting the scrawny brown kitten that slinks around the bodega where he works in central Havana. The shelves once laden with goods during his childhood sat nearly empty in late April, with barely anything to offer the 5,000 clients who depend on
-
The clock is ticking as oil markets barrel toward nightmare scenarios with the West bracing for ‘tank bottoms’ and Iran racing to delay ‘tank tops’
The West and Iran are staring down two diametrically opposed oil market emergencies that could materialize in a matter of weeks. With the Strait of Hormuz still largely closed more than two months after the U.S. and Israel launched their war against Iran, oil inventories among top consuming countries are rapidly disappearing. Frederic Lasserre, head
-
Landlords who were barred from evicting tenants during COVID are in settlement talks with DOJ to recoup as much as $1.5 billion
Just months into the pandemic, Matthew Haines, like landlords across the country, learned he was barred from evicting tenants who didn’t pay their rent under a federal eviction moratoriumthat lasted almost a year — costing him and his investors over $1 million. Now, the 57-year-old Texan is hoping to get some relief. Haines is among
-
America’s twin scarcities: The 4-million-unit shortage in both housing and childcare is breaking families
American families are being wrecked by two parallel shortages: housing and childcare. And increasingly, experts say these two crises are feeding each other. The U.S. is short roughly 4 million homes, according to an analysis published by Realtor.com in early March. That’s led to “sustained home price growth and pushing homeownership further out of reach,
-
America got rich and got sad. A top economist says 2020 broke something that hasn’t healed
Sam Peltzman is, by his own description, “a fossil from the last millennium.” The Ralph and Dorothy Keller Distinguished Service Professor Emeritus of Economics at the University of Chicago Booth School of Business — one of the most cited economists of the past half century — he works without research assistants, answers to no grant
-
The US is in a league of its own when it comes to its debt burden, as rating agencies bemoan ‘long-running deterioration’ in fiscal governance
The U.S. is now unmatched in a regrettable category. Among rich and spend-happy nations that are globally seen as safe investments, the U.S. beats out the competition when it comes to the size of its debt burden, as the nation’s public liabilities have exceeded the size of its economy for the first time since World
-
Fed whisperer splits on Powell: A+ as steward, but ‘I don’t think you could give him high marks on the economy’
After 30 minutes of fielding questions, Jerome Powell put his glasses in his suit pocket, told reporters “I won’t see you next time,” and walked out of his 66th and final press conference as Federal Reserve chair on Wednesday. He didn’t linger for the journalists’ tepid applause. Many of those journalists in the room will