Private equity firm KKR is paying $3.17 billion for 25 percent of Enilive, a biorefining subsidiary of Eni, the Italian national energy company.
Tag: U.S. economy
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AMERICANS ARE DRINKING LESS THIS YEAR
Sales of spirits in the U.S. this year through July fell 3 percent below last year’s volume, according to industry data service IWSR.
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ECONOMIC UPDATE – MARKET OVERVIEW
As we have long noted, there is absolutely no connection between Wall Street and Main Street. They are two different worlds. The equity markets keep going up as most of the global economy goes down.
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WHY U.S. INFLATION IS STILL A PROBLEM
Top-line inflation in the U.S. fell to 2.4 percent in September. Goldman Sachs analysts are speculating that the number could be rounded down to the U.S. Federal Reserve’s 2-percent target when the Bureau of Economic Analysis releases the updated Personal Consumption Expenditures Price Index on 31 October.
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STRAPPED CORPORATE BORROWERS DEFER PAYMENTS TO CONSERVE CASH
Companies that have borrowed from private credit funds and now face a financial squeeze are using a tactic called “payment in kind” (PIK) to skip their payments and conserve their cash.
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HEALTH INSURANCE COSTS ROSE 7 PERCENT IN LAST 12 MONTHS
Inflation may be easing, but the cost of health insurance is still on the rise.
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SEPTEMBER CONSUMER SPENDING BEATS FORECAST; JOBLESS CLAIMS FALL
U.S. consumer spending grew 0.4 percent in September, more than the 0.3 percent expected by Dow Jones and much stronger than August’s estimated 0.1-percent gain.
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DEFICIT TOPS $1.8 TRILLION AS INTEREST PAYMENTS SURPASS $1 TRILLION
The U.S.’s annual budget deficit grew by $138 billion, or 8 percent, in the fiscal year that ended 30 September to $1.833 trillion.
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ASML SINKS CHIP STOCKS
On 16 October, Dutch tech firm ASML, which makes machines that make computer chips, warned of a slow year ahead in the semiconductor industry, outside of sales related to artificial intelligence (AI).
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ECONOMIC UPDATE – MARKET OVERVIEW
Not a peep from the Presstitutes—media whores who get paid to put out by their Corporate Pimps and Government Whore Masters—that gold prices keep hitting record highs.