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(Bloomberg) — Chinese oil demand has dropped by about three million barrels a day, or 20% of total consumption, as the coronavirus squeezes the economy, according to people with inside … Read more
www.cnbc.com/2020/01/16/wework-leasing-plunged-93percent-in-q4-after-failed-ipo-cbre.html WeWork only signed four new leases in the U.S. in the fourth quarter, as the company reeled in expenses following a SoftBank-led bailout. Total space leased dropped to 184,022 … Read more
Amid a shakeout among trucking companies & production cuts and layoffs among truck makers. By Wolf Richter for WOLF STREET. Orders for heavy trucks in December came in at 20,000. In the fourth … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This was not supposed to happen. November was supposed to be the second month in what would be the upturn from the historic collapse in 2019 … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “They’re Going to Screw Up the Market”: Jim Cramer, on the moment-of-truth effects of the WeWork IPO. Much like the Fed, as some would say, Jim … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Here’s why — and how that’s impacting truck makers. Orders for heavy trucks that haul part of the economy’s goods across the US plunged by 80.1% … Read more
By Nick Cunningham Oil traders – along with financial markets everywhere – were disappointed with the decision by the U.S. Federal Reserve despite the first interest rate cut since the … Read more
by Michael Snyder If the U.S. economy was heading into a recession, we would expect to see a slowdown in the employment numbers, and that is precisely what is happening. … Read more
BRITAIN was last night plunged into chaos once again as MPs voted to kill off Theresa May’s Brexit deal by 391 votes to 242. Now 993 days after the referendum, … Read more
via france24: Much of Venezuela plunged into darkness Thursday evening, creating chaos as people struggled to navigate their way home amid what appeared to be one of the biggest blackouts yet … Read more
by Undercover5051 The report comes as the company faces thousands of lawsuits claiming that its talc products caused cancer. www.bbc.co.uk/news/business-46572536? Reuters reviewed Johnson & Johnson documents produced as part of … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Bloodletting beneath the surface. Big names too. Here they are. It’s barely a correction, technically speaking, with the S&P 500 down 9.9% from its all-time closing … Read more
by Geoffrey Grider Drivers were trapped on gridlocked, snowy roads for hours. Middle schoolers in New Jersey had to spend the night at school. The upper level of the George … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Lured by the siren song of a “buying opportunity” and a fat yield. GE shares plunged another 10% this morning to a low of $8.15 before … Read more
Tech stocks plunged in October, suffering worst month since 2008 recession… The Nasdaq dropped 9.2 percent in October, its worst month since November 2008. Amazon led the index’s slide, plunging … Read more
by Michael Snyder The level of panic that we witnessed on Wall Street on Wednesday was breathtaking. After a promising start to the day, the Dow Jones Industrial Average started plunging, … Read more