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 demand for its Model 3 sedan is falling. Here’s an …
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 led to an oversupply of solar panels, driving prices down. …
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 fourth quarter, mortgage originations at Citi C, +0.31% were down 23% compared …
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 a U.S. government shutdown and a worsening world economy. US …
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 percent, according to the latest CNBC All-America Economic survey. Those …
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 back where it had first been on August 12, 2017. …
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 past years, based on the limited data we have, and …
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 this to say at the time: Oil and Gas Bloodbath …
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 into correction territory, and it was another bloodbath for tech …
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 from last year’s broadcast, according to Nielsen overnights. Past participants …
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 rose 2.2% from a year ago, to $1,209. For two-bedroom …
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 being conducted. That didn’t last long. Apparently, those talks have …
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 impeachment sent stocks plunging. The Dow was down 372 points, …
For a record 12th day in a row, Chinese margin debt balances have dropped with today’s 8.5% collapse the largest in history. As of last night, there were around 570/1694 Shenzhen stocks halted/suspended and hundreds more on the Shanghai bourse …