CBO: Revenues Set to Surge! In 2 Years, That Is
by John Mauldin All debt shares one common characteristic. A bill comes due at some point and, if the borrower doesn’t pay, the lender either loses their money or finds
revenues
The Collapse of Main Street and Local Tax Revenues Cannot Be Reversed
by Charles Hugh-Smith The core problem is the U.S. economy has been fully financialized, and so costs are unaffordable. To understand the long-term consequences of the pandemic on Main Street
Uber Lost $3 Billion on $3.5 Billion in Revenues. Fake “Profitability” Delayed. Another Quarterly Horror-Show. Markets Eat it Up
This hoped-for fake “profitability” isn’t profitability, but “Adjusted EBITDA,” Uber’s own homemade creature. By Wolf Richter for WOLF STREET. Uber – which announced another round of mass-layoffs this week of 3,400 folks or
Thanks to Lockdowns, State and Local Tax Revenues Are Plummeting
by Ryan McMaken of Mises Institute Unlike the federal government, state and local governments in America can’t just create money out of thin air. So when tax revenues go down, that money is
Saudis To Issue Debt As Price Crash And Oil Deal Hit Revenues
By Tsvetana Paraskova OPEC’s top producer and the world’s top oil exporter, Saudi Arabia, may soon tap the international debt market to raise money as the oil price crash and
Is the US shooting itself in the foot with a $2 trillion stimulus after lowering tax revenues for three years, and likely receiving even lower tax revenue years to come?
by trashlyfe I haven’t seen that many people worried about this. But basically wondering if the ratios for debt to GDP/federal revenue to debt in the next few years could
What Happens as State and Local Tax Revenues Crater?
by Charles Hugh-Smith We can anticipate a federal bailout of pension funds and one-time aid to state and local governments, but bailouts won’t repair the eroding foundations of tax revenues.
75% of small businesses cannot last a month with zero revenues. Morgan Stanley expects initial jobless claims to rise to 3.4 million
75% of small businesses cannot last a month with zero revenues. The median cash buffer is 27 days. This is why we need serious supply measures to allow businesses to
Tesla’s Revenues +2%, Auto Revenue +0.7%. Net Income Plunges 25%. Without “Regulatory Credits,” it Would Have Lost $28 Million. Annual Loss Hits $862 Million. Shares Spike 12%
OK, let’s look at the Tesla magic briefly. By Wolf Richter for WOLF STREET. Tesla’s profit was all about Tesla’s pollution credits, or “regulatory credits,” as it calls them. These are tax credits
Railroad Pain: CSX Revenues Fall Below 2014. Workforce -7%. But Hey, $3.4 Billion in Share Buybacks
“Give Me a Growing Environment, It’s Easier to Run the Railroad”: CSX CEO. By Wolf Richter for WOLF STREET. CSX reported fourth-quarter and annual results Thursday evening: revenues for the quarter fell 8% to 2.88
In One Chart: Where Do State Tax Revenues Come From?
by howmuch The United States federal progressive income tax dates back over 100 years, to the Revenue Act of 1913. Back then, the U.S. received most of its tax revenues from
Tesla Discloses US Revenues Collapsed 39%. Americans Sour on its Cars, Pent-Up Demand Exhausted
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is a holy-cow moment. This morning, Tesla filed its Form 10-Q quarterly earnings report with the SEC, a moment when no one was supposed to pay attention
HK banks now provisioning only 1.7% of their revenues for loan losses!
HK banks now provisioning only 1.7% of their revenues for loan losses! That’s close to a record low.Even below levels prior to the Asian Crisis! Are HK banks accurately depicting
New-Vehicle Sales Fall to 1999 Levels: How to Grow Revenues After 20 Years of Stagnation (Yup, You Guessed It)
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Carmageddon for cars. But big equipment is hot and gets pricier. Ford waited until today to report its second-quarter new-vehicle deliveries in the US. So now
This could be the first quarter since Q4 2016 in which the revenues beat rate is below 50% and 64% of companies guiding down.
After 239 companies have reported, the revenues beat rate is at 47%. If current results hold, this could be the first quarter since Q4 2016 in which the revenues beat
