Tesla Plunges 13%; Musk: ‘Our Products Are Still Too Expensive’
by Jesse Colombo Tesla stock plunged nearly 13% today on news that the company will lay off about 3,000 employees or 7% of its total staff as speculation mounts that … Read more
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Solar Investment Plunges Amid Panel Glut
By Irina Slav Global spending on solar energy declined by almost a quarter last year to US$130.8 billion, mainly on the back of a regulatory policy overhaul in China that … Read more
Q4 Mortgage Lending At Big Three Banks Plunges 20-30% Y/Y
via MarketWatch: How low can they go? With earnings from three of the four biggest banks in, one metric stands in sharp relief. Mortgage lending just keeps plunging. In the … Read more
OIL DOOM NOW: US crude plunges 6.7%, settling at 18-month low at $42.53, as stock market slides
With Mattis gone, the Middle East’s oil landscape uncertain, says John Kilduff from CNBC. Oil prices fall in line with another decline across global stock markets on concern about … Read more
US Consumer Optimism Plunges 8 Points, Largest Quarterly Drop in 12 Years
Consumers plan big holiday spending despite drop in economic optimism from CNBC. via CNBC: The percentage of Americans viewing the economy as excellent or good dropped 8 points to 50 … Read more
$714 Billion Have Gone Up In Smoke: Bitcoin Plunges to $3,738; Whole Crypto Scam Melts Down, Hedge Funds Stuck
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter itcoin plunged to $3,738 at the moment. Down nearly 40% from two weeks ago, and down 81% from peak-mania of $20,078 on December 17, 2017. It’s … Read more
Stock-Market Margin Debt Plunges Most Since Lehman Moment
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter It gets serious. Margin calls? No one knows what the total leverage in the stock market is. But we know it’s huge and has surged in … Read more
As Oil Plunges, Energy Junk Bonds Return To The Spotlight
by John Rubino Back in 2104 oil was falling and hundreds of billions of dollars of energy junk bonds and leveraged loans looked to be at risk. Wolf Street had … Read more
Stock Market Plunges Again – Global Stocks Down 5 Weeks In A Row – 8 Trillion Dollars In Wealth Wiped Out
by Michael Snyder It’s not over. The worst October stock market crash since 2008 got even worse on Friday. The Dow was down another 296 points, the S&P 500 briefly dipped … Read more
GET WOKE, GO BROKE: Viewership for Miss America 2019 plunges 23% after swimsuit portion is cut. Unexpectedly.
via nydailynews: No swimsuits? No viewers. Sunday’s Miss America 2019 competition — the first time participants did not don a swimsuit — reached 4.3 million viewers on ABC, a 23% plunge in viewership … Read more
Surges & Plunges: Update on Rents in the Top 100 US Cities
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Rents plunge in Chicago, Honolulu, New York, Washington DC, and others, but surge in many markets. Across the US in August, the median asking rent for 1-bedroom apartments … Read more
Tech Investors Start To Panic As Facebook’s Stock Price Plunges More Than 20 Percent
by Michael Snyder Is this the beginning of the fall of Facebook? After announcing disappointing numbers for the second quarter on Wednesday, Facebook’s stock price plunged more than 20 percent in after-hours … Read more
Shanghai Plunges 3.2%, below 3,000 for 1st Time in 2 Years, After Trump Threatens to Massively Escalate Trade War and China Threatens to Massively Retaliate
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Apparently, the trade talks have collapsed. On May 20, Treasury Secretary Mnuchin declared that the US-China trade war was “on hold” while the trade talks were … Read more
The Biggest Tech Stocks Come Unglued – Nasdaq Hits Record, Bounces Off, Plunges.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Wow, did you see that? That was quick. Friday morning between 10:15 AM and 11:15 AM, the Nasdaq gallivanted around blissfully for an entire hour in … Read more
The Dow Plunges 372 Points As Trump Impeachment Talk Reaches A Fever Pitch On Capitol Hill
By Michael Snyder The wolves are circling, and members of Congress from both political parties are now openly talking about impeaching President Trump. On Wednesday, speculation of a looming Trump … Read more