The U.S. Shale Boom Is Officially Over

The days of explosive growth in US shale oil production are over. US oil production is increasing, but at a much slower pace than before the crash of 2020, and at lower rates than expected a few months ago. New shale patch priorities – capital discipline and a focus on shareholder returns and debt repayment … Read more

A Plan to Save America’s Finances

Americans voted for a divided government last week. Democrats have retained control of the Senate and Republicans appear poised to take control of the House by the narrowest of margins. Neither side has a clear political mandate. A partisan stalemate is likely to produce congressional investigations and tight-rope politics. And the 2024 presidential campaign has … Read more

The U.S. dollar continues to soar: What that means for the stock market and investors

Amid all the wild volatility of 2022, there’s one thing investors can still count on: the soaring US dollar. The ICE US Dollar Index DXY, +0.70%, which measures the strength of the US currency against a basket of six other currencies, rose 0.7% on Wednesday as the greenback continued to beat its major counterparts like … Read more

U.S. Shale’s Debt Detox Is A Huge Win For Shareholders

North American oil and gas producers have reduced their total debts by $26 billion since the end of 2019, as the shale industry made the structural shift from spending to ramp up production to higher returns for shareholders and strengthening balance sheets. Significant debt reduction for North American oil and gas producers, coupled with capital … Read more

First major Wall Street bank to call a U.S. recession says ‘the pessimists will sadly prevail’

Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession in April, runs through its list of pros and cons to explain why the world’s largest economy could make a soft landing – and comes to the conclusion that it will not. . “Our view is that the pessimists will … Read more

U.S. economy likely to get weaker, Beige Book finds, as Fed battles high inflation

The United States rose slightly through the end of August, according to a Federal Reserve survey, but the economic outlook for next year “remains generally weak” due to rising interest rates and persistent labor and supply shortages. The Fed’s regular survey, known as the Beige Book, said the sharp rise in prices at the start … Read more

Is the U.S. economy heading into a recession?

This week’s mystery: will there be a recession? The Federal Reserve raises interest rates as quickly as possible to fight inflation. Many economists believe that higher rates will cool the economy so that a recession will become inevitable. Fed officials pushed back, saying a recession is not baked in the cake. Who is right ? … Read more

US president Joe Biden’s student loan forgiveness plan could help more than 40 million

US President Joe Biden has announced a plan that could see student loan debt reduced – and in many cases eliminated – for more than 40 million Americans, a historic but politically divisive move ahead of the New York election. mid-term. Key points: Many have denounced the plan as an insult to those who have … Read more

Wall Street revives Russian bond trading after U.S. go-ahead

Several major Wall Street banks have begun offering to facilitate Russian debt deals in recent days, according to bank documents seen by Reuters, giving investors another chance to dump assets widely seen in the West as toxic. Most U.S. and European banks pulled out of the market in June after the Treasury Department barred U.S. … Read more

U.S. consumers likely got some relief from sizzling price increases in July but Fed won’t feel any better

U.S. consumer price data for July is expected to show some moderation from the blistering pace of inflation in June and, while Wall Street may appreciate that, the data should not be encouraging for the Federal Reserve. . The consumer price index is expected to moderate to a 0.2% increase in July when the report … Read more