HMM: Elon Musk’s late-night announcement to raise prices and reopen some stores. “Collapsing sales and more senior staff departures suggest a company in disarray.” The reason for the volte-face was not spelled out, but it paints a potentially worrying picture of corporate …
By Philip Verleger The most recent forecasts published by the US Energy Information Administration show US oil production increasing steadily. The February Short-Term Energy Outlook sees the output from US wells rising from 11.9 million barrels per day at the end of 2018 …
We have reached “Peak Wheat” production globally as the current 4% decline in yields is not enough to cover the demand on our planet. There is enough to supply if we continue to dig into carryover stocks and reserves, but …
By Tsvetana Paraskova A technical committee monitoring the implementation of the OPEC/non-OPEC production cuts has found that the allies achieved an 83-percent compliance with the pledged reduction, four delegates told Reuters on Wednesday. OPEC and a group of non-OPEC producers led by …
by WARREN MOSLER Getting even more serious- year over year down 6%: Highlights The purchase index fell for a fourth straight week and down steeply, at a 6.0 percent rate which is not only the weekly change but also the …
by StockCassandra https://twitter.com/GeorgeDagnino/status/1085086874824253440
Apple Inc is cutting planned production for its three new iPhone models by about 10 percent for the March quarter, the Nikkei Asian Review reported on Wednesday, a week after the company slashed its quarterly sales forecast. That rare step …
No one knows what’s going to happen. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Vehicle manufacturing in the UK slumped by 19.6% in November compared to the same month of 2017, amidst rising fears about a no-deal Brexit …
https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/ewanspence/2018/12/05/apple-iphone-xr-discount-iphone-xs-iphone-xs-max-price-sale/amp/?amp_js_v=0.1#referrer=https://www.google.com&_tf=From%20%1$s&share=https://www.forbes.com/sites/ewanspence/2018/12/05/apple-iphone-xr-discount-iphone-xs-iphone-xs-max-price-sale/ More Bad News From Apple As iPhone XR Price Slashed Adding to the signs that the newest iPhones are not meeting Apple’s internal sales targets, let alone the lofty ambitions of significantly increasing the annual sales of the iOS-powered …
Former president of Shell Oil Company John Hofmeister said former President Barack Obama had nothing to do with America’s increased oil production and actually frustrated many areas of the energy sector. Obama claimed he was responsible for America’s recent oil boom during an event …
via Bloomberg: Our best estimate is that Tesla has manufactured 130,864 Model 3s so far—or 36,595 in the current quarter—and is now building approximately 4,356 a week. Those figures, and the charts below, represent Bloomberg’s latest estimates and will automatically update to reflect changes in …
by NorthmanTrader If I keep this up I’ll soon be accused of being a permabull 🙂 Oh I’m kidding. Yes I’m macro bearish but trade direction practical and data and technicals matter. Hence a quick follow up to the Bear Trap case, specifically 2 key …
by AlexPitti The October industrial production report was positive as industrial production growth was 4.1% year over year and manufacturing growth was 2.7% year over year. Both hit a 10 year high. About 70% of industrial production growth was due to oil …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Fueled by cheap money and by dashed hopes of high oil prices. Industrial production in October rose 4.1% from a year ago, the Fed Board of Governors reported this morning. This was in the upper portion …
https://www.youtube.com/watch?v=4EO22DSy7TE
by NineteenEighty9 U.S. oil production may rise to as much as 14 million barrels of oil per day (bpd) by 2020, Secretary of the Interior Ryan Zinke told Fox Business on Wednesday. “Today we are the largest oil and gas …
https://www.youtube.com/watch?v=8L9Xh1eeW90 “Supply-demand theorists glance at this graph and declare that the trend toward more U.S. oil production caused oil’s price to fall. But the claim does not bear scrutiny.”
by stockboardasset The B61 nuclear gravity bomb, deployed at most U.S. Air Force and North Atlantic Treaty Organization (NATO) military bases, has almost five decades of service, making it the oldest bomb in the US stockpile. Numerous programs have modified the B61 for …
via wsj: Securities regulators last year subpoenaed a parts supplier for Tesla as they looked at whether the auto maker misled investors about Model 3 car production problems, according to a person familiar with the matter. Both issues are being handled …
“Alliance factions and other warlords deny benefiting from opium production, but it is an open secret that nearly all tolerate it.” https://www.theguardian.com/world/2001/nov/25/afghanistan.drugstrade "Alliance factions and other warlords deny benefiting from opium production, but it is an open secret that …
http://ir.tesla.com/news-releases/news-release-details/tesla-q2-2018-vehicle-production-and-deliveries Interesting bits: Q2 deliveries totaled 40,740 vehicles, of which 18,440 were Model 3, 10,930 were Model S, and 11,370 were Model X. 11,166 Model 3 vehicles and 3,892 Model S and X vehicles were in transit to customers at …
The Arctic is still nearly 100% covered with ice, most of it 1.5 feet or thicker with thickness over the North Pole at 13 feet thick. Water temperatures follow suit at below freezing. CO2 shortages in Europe have led to …
by stockboardasset Out of control violence in Mexico has sparked a record increase in the country’s armored-car business, Reuters reports. Mexico recorded more than 25,000 murders by EOY 2017, the highest number “since modern records began,” with 2018 projections to be far worse …
Lack of CO2 hits EU beer, meat production. Carbon dioxide production is usually lower in the summer because of the hot weather, but a string of problems across the sector in Europe have caused fertilizer makers to shut down more …
by WARREN MOSLER A weaker than expected print due to auto sales which have been volatile, but charts show it’s still chugging along at a modest pace: Highlights A big drop in autos skewed industrial production lower in May, slipping 0.1 …
by WARREN MOSLER Pretty much as expected. These numbers are not adjusted for inflation, which is running around 2%: Highlights Consumer spending was weak in the first quarter and the first look at the second quarter is no better than …
by Thinker Only way to keep the masses from learning that they have their own power within to fix most of their problems, is to keep the doped up and dumbed down. Story by Dr. Joseph Mercola Contributing writer for …
by ObservationalHumor One of Ford’s suppliers had a big fire at their plant sometime last week and as a result has shutdown production. Well that’s spilled over to Ford itself and they’re idling plants temporarily until it’s resolved. The fire …
