In 2023, 41 percent of Americans told a Gallup poll they would not buy an electric vehicle (EV).
Tag: Economy
Post
TOP TREND 2024: BANKS GO BUST
U.S. banks will set aside even more capital to cover failing loans in commercial real estate (CRE) while they try to sell more of those loans, often at steep discounts, Reuters reported.
Post
TOP TREND 2023: OFFICE BUILDING BUST
In March, 625 commercial real estate (CRE) properties were foreclosed in the U.S., 6 percent more than in February and 117 percent more than a year earlier, according to real estate data service ATTOM.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively.
Post
TOP TREND 2024: BANKS GO BUST
Despite a strong economy, several major banks muted their earnings forecast for this year, citing the need to pay higher interest on customers’ deposits.
Post
KPMG PAYS $25 MILLION FINE FOR CHEATING AND LYING
The Netherlands office of KPMG, a global accounting and business services firm, will pay $25 million to settle charges that it failed to take action against employees who cheated on certification exams and then lied about the cheating to investigators.
Post
PRESSURE ON ECB TO CUT RATE GROWS AS LOAN DEMAND SLUMPS
Reporting a “substantial” drop in applications for loans, Eurozone banks are pressing the European Central Bank (ECB) to cut its interest rate from a record 4 percent, where it has held since last September.
Post
ECB LEAVES RATE UNCHANGED, SIGNALS JUNE CUT
The European Central Bank’s (ECB’s) governing council left the bank’s base interest rate at a record 4 percent at its meeting last week and gave a strong indication that it will cut the rate when it convenes again on 6 June.
Post
GROWTH IN DEMAND FOR OIL WILL SLOW THIS YEAR AND NEXT, IEA SAYS
The International Energy Agency (IEA) has shaved its outlook for this year’s growth in oil demand from 1.3 million barrels a day to 1.2 million. Demand growth will slip to 1.1 million barrels daily next year, the agency said.
Post
AMERICA’S MESSY LAWS AROUND LITHIUM ARE HOBBLING DEVELOPMENT
As the U.S. seeks to curb its dependence on foreign suppliers of lithium, American developers are colliding with a jumble of laws and regulations that leave them unable to proceed with any confidence…