Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm.
MWPVL International Inc., which tracks Amazon’s real-estate footprint, estimates the company has either shuttered or killed plans to open 42 facilities totaling almost 25 million square feet of usable space. The company has delayed opening an additional 21 locations, totaling nearly 28 million square feet, according to MWPVL…
Source: www.bloomberg.com/news/articles/2022-09-02/amazon-closes-abandons-plans-for-dozens-of-us-warehouses
- Michael Burry indicated that the stock-market collapse he predicted is now underway.
- The “Big Short” investor joked that his followers are still asking him when the crash is coming.
- Burry has suggested the S&P 500 could plummet by another 53% before bottoming out.
Michael Burry sounded the alarm on the “greatest speculative bubble of all time in all things” last summer, and cautioned investors buying into the hype that they were headed for for the “mother of all crashes.”
Doomsday is finally here, he hinted in a since-deleted tweet this week.
The fund manager of “The Big Short” fame shared a screenshot of a S&P 500 chart, showing the benchmark stock-market index has tumbled 18% from its December peak, despite several blistering rallies this year.
Source: news.yahoo.com/big-short-investor-michael-burry-104139097.html
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