Big-box stores could help slash emissions and save millions by installing solar panels on their roofs. So why aren’t more of them doing it?

As of February 2021, IKEA had 54 solar arrays installed across 90% of its US locations. Leveraging the full rooftop solar potential of these superstores would generate enough electricity to power nearly 8 million average homes, the report concluded, and would cut the same amount of planet-warming emissions as pulling 11.3 million gas-powered cars off … Read more

Mortgage Rates Spike, Home Sales Drop for 7th Month, and Suddenly Here Come the New Listings

But it doesn’t yet reflect the recent spike in mortgage rates to 4.5%. By Wolf Richter for WOLF STREET. OK, the “existing home sales” data released today by the National Association of Realtors was for February, and in February the average mortgage rates were a lot lower than today. In mid-February, the average conforming 30-year … Read more

Mortgage rates jump above 4% — prompting borrowers to return to a staple of the housing bubble

It’s expensive to buy a home: Not only are housing prices increasing by double-digits annually, but mortgage rates have been on the rise and this week topped 4% for the first time since May 2019. That’s pushing more buyers to take out adjustable -rate mortgages — one of the financial products blamed for the 2006 … Read more

The main driver of inflation isn’t what you think it is

Home prices rose a blistering 18.8 percent in 2021, and rent has climbed 17.6 percent nationwide over the last year, industry data shows. But those prices, the result of a severe supply shortage fueled by municipal government restrictions across the country, haven’t fully shown up in inflation figures because leases are typically annual. “The housing … Read more

Some big name firms are balking at shunning Russia, despite Ukraine invasion

While hundreds of well-known American companies like McDonald’s and Coca-Cola are shutting down or suspending their operations in Russia in the wake of its invasion of Ukraine, a Kansas-based oil, gas and manufacturing giant is sitting tight for now. Koch Industries, whose subsidiary Guardian Industries operates two glass-manufacturing plants in Russia that employs 600 people, … Read more

Why nickel futures are trading like meme stocks

Trading glitches plagued the nickel futures market in London Friday, with prices settling down at the exchange-imposed limit for a third straight day. As more details emerge from the disorderly market failure that shuttered trading in nickel for over a week — only to reopen in chaos — industry insiders are crying foul. The current … Read more

Why Elon Musk and Tesla are banking on a Minnesota nickel mine

As automakers around the world set bold targets for vehicle electrification, many in the industry are looking to nickel — an integral component of most lithium ion batteries — as a major hurdle. While there’s enough nickel in the ground to support a major EV ramp up, there are not enough planned mining projects or … Read more