Housing starts are nowhere near their pre-recession highs, or even their pre-recession averages, but starts are up over 153% per month from the lows of 2009. Likewise the S&P 500 Home Improvement Retail Index (made up of companies like Home Depot and Lowe's) has been surging. Home builder sentiment is also high, with the NAHB/Wells Fargo Housing Market Index rising this month to its highest level since 2005. … [Read more...]
The Monday Melee: The Sharing Economy
Woe betide the Cabbie: New York City taxi pickups have fallen 10% in the first half of the year, and cabbies are pointing the finger straight at Uber and other ride-sharing companies as the cause of their problem. Nolan Hicks and Dan Rivoli write in the New York Daily News: Pickups for the iconic taxis that long ruled Manhattan streets plummeted 10% to 77 million in the first six months of 2015 — down from 85.5 million the year before, a Daily News analysis of trip data showed. Fewer riders for the fleet of 13,587 yellow cabs translated into less cash. The taxis collected $981 million … [Read more...]
The Monday Melee: Where Gas is Drilled and Burned
Where Gas is Drilled: Where Gas is Burned: Via Vox.com How it Gets There: Natural Gas from Shale: … [Read more...]
The Monday Melee: Iran’s Impact on the World
Bring on the Oil Don't Freak Out Wired tells readers not to freak out over the flood of Iranian oil about to hit the market. According to projections from three energy monitoring agencies, the global demand for crude oil amounts to 30 million barrels a day. Iran wants to double exports up to 2.3 million barrels per day, a far cry from the 6 million barrels per day it was making in the ’70s, before the 1979 revolution. The country’s oil minister says it can increase exports by 500,000 barrels per day as soon as sanctions are officially lifted (expected late this year), with another 500,000 … [Read more...]
The Monday Melee: Oil Heads Below $50 Again
Down Goes Oil For the first time since April WTI spot prices have closed below $50/bbl. Impact of Iran Deal on Oil Watch the latest video at video.foxbusiness.com The Flow of the World's Oil … [Read more...]
A Marvel of Modern Engineering
Shell's Prelude FLNG ship will be capable of liquefying natural gas at sea. The deck is covered in 280 miles of piping, comprised of 450,000 components. The ship will hold as much LNG as 175 Olympic-sized swimming pools and is longer than 4 football fields. Prelude will displace more water than 6 of the largest aircraft carriers, and it will produce 117% of the natural gas demand of Hong Kong in a year. … [Read more...]
The Monday Melee: Automobile Industry in Focus
What Will be the Auto-Industry of the Future? Bloomberg's Mark Gilbert writes: "The bottom left corner describes the state of play ever since Henry Ford's Model T began rolling off the production line: You buy your own ride from a carmaker, head for the open road whenever you choose, and park it in the driveway the rest of the time. The top right shows where Jonas reckons the industry is eventually headed: You'll order a self-driving vehicle that will pick you up and drop you off while charging you only for the distance you traversed (and without your ever having to worry about when the oil … [Read more...]
The Monday Melee: Crumbling Infrastructure
America's Worst Roads: Christopher Ingraham writes in the Washington Post: The worst roads in America are in Washington D.C., where 92 percent of our major roadways are rated as "poor." Conversely, zero percent of D.C.'s roads received a "good" rating in the Federal Highway Administration data analyzed by TRIP. There is almost literally not a single good road in D.C. But D.C. is a special case, since it is not a state and doesn't have vast stretches of highway like most places in the U.S. do. So among the real states, the worst roads are in California where 51 percent of the highways are … [Read more...]
Happy Independence Day!
The Monday Melee: Panic in the Streets?
Greece is Bankrupt: Athens Stock Exchange Waits for More Info: What We're Reading: Traders and speculators drive 70% of ETF volume. (Barron’s) Markets Headed to ‘Bubbleland,’ Warns Jeremy Grantham (MoneyBeat) "The Hidden Costs of Bond ETFs" (Barron’s) Chinese Stock Plunge Leaves State Media Speechless (Bloomberg) Millions, Billions, Trillions: Germany in the Era of Hyperinflation (Spiegel) … [Read more...]
- « Previous Page
- 1
- …
- 65
- 66
- 67
- 68
- 69
- …
- 116
- Next Page »