Solar Power Prices Projected to Rise amid China’s Energy Crisis
(Bloomberg) The cost of solar power is set to rise following energy shortages in China that have caused a 300% jump in prices of silicon metal used in solar equipment…
(Bloomberg) The cost of solar power is set to rise following energy shortages in China that have caused a 300% jump in prices of silicon metal used in solar equipment…
(Reuters) Strategists are optimistic that the US Treasuries, which rose to the highest levels since mid-June, could reach 1.9% in 12 months, 40 basis points from the current level. Fig:…
(IHS Markit) Sales of certified pre-owned vehicles rose up to 1,218,255 units from January to July 2021, an 11% increase from the comparable period of last year. Fig: YoY CPO…
(ONS) UK gross domestic product expanded by 5.5% in the second quarter of 2021, up from a prior estimate of 4.8% increase following the lifting of Covid-19 restrictions. Fig: UK…
(IHS Markit) China’s manufacturing conditions stabilized in September, with the adjusted PMI rising to 50 from 49.2 in August. The index was at the second-lowest in 17 months. Fig: China…
(EIA) The total crude refinery inputs in the US in the week that ended September 24 was 15.4 million barrels per day, up by 67,000 bpd from the previous week.…
(NAR) The US pending home sales reached 119.5 in August, a jump of 8.1% from July. The sales were down by 8.3% from the comparable month of 2020. The surge…
(Philadelphia Fed) Philadelphia Federal Reserve President Patrick T. Harker believes the central bank should slowly and methodically taper $120 billion in bond purchases. Harker says he sees a “cautious optimism”…
(Financial Times) US Democrats in Congress are seeking a way to raise the debt ceiling even as policymakers and some government officials warn of looming default. Top Democrats are already…
(Bloomberg) Affirm Holdings Inc. is vying to become a one-stop-shop by debuting a debit card and allowing customers to trade digital assets directly from the company’s savings accounts. Affirm CEO…
(Interview) Tesla CEO Elon Musk has asked the US government to sit back and “do nothing” about crypto regulation as any intervention could curtail growth. Musk says it is not…
(European Commision) Economic sentiment shows stability in Europe, with the index up by 0.2 points to 117.8 in September in the euro area, but unchanged at 116.6 in the EU.…