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Inflation worries hurt US consumer confidence; house prices decelerating

Inflation worries hurt US consumer confidence; house prices decelerating

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Consumer confidence index falls 5.3 points to 102.5 Labor market differential drops to 32.5 from 38.1 House price gains slow further in August WASHINGTON, Oct 25 (Reuters) – US consumer confidence ebbed in October after two straight monthly increases amid rising concerns about inflation and a possible recession next year, but households remained keen to …

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World is in its 'first truly global energy crisis' - IEA's Birol

World is in its ‘first truly global energy crisis’ – IEA’s Birol

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SINGAPORE, Oct 25 (Reuters) – Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of “the first truly global energy crisis”, the head of the International Energy Agency (IEA ) said on Tuesday. Rising imports of LNG to Europe amid the Ukraine crisis …

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US existing home sales slide again in September; jobless claims fall

US existing home sales slide again in September; jobless claims fall

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Oct 20 (Reuters) – Sales of existing US homes slid for an eighth straight month in September and will likely fall further in the months ahead as the housing market continues to stand out as the economic sector absorbing the hardest hit from the Federal Reserve’s aggressive interest rate hikes. The broadly weak report from …

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US housing starts near 1-1/2-year low; factory output rebounds

US housing starts near 1-1/2-year low; factory output rebounds

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Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – US homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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Diamond Anvil Cell

Holy Grail of Energy Efficiency: Physicists Advance in Race for Room-Temperature Superconductivity

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A team of physicists from UNLV’s Nevada Extreme Conditions Lab (NEXCL) used a diamond anvil cell, a research device similar to the one pictured, in their research to lower the pressure needed to observe a material capable of room-temperature superconductivity. Credit: Image courtesy of NEXCL Less than two years ago the scientific world was shocked …

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