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Boeing. Everyone wants to buy the dip, but it’s still trading near its highest EV to sales ever. It could be the Enron scandal of our day. Or it could … Read more
Other than the year 2017, the number of movie tickets sold in the U.S. this year is the lowest since 1995. Throughout last year, Americans purchased 1.244 billion movie admissions, which … Read more
by Geoffrey Grider Supporters of Medicare for All, the huge, single-payer government health plan backed by Bernie Sanders, Elizabeth Warren and several other Democratic presidential candidates, say it’s time to think … Read more
by The Phoenix More and more evidence suggests the U.S. economy is in fact ROARING, not contracting. Year over year, retail sales just hit growth of 6.1%, the highest level in … Read more
This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US. By Wolf Richter for WOLF STREET. Tesla … Read more
by confoundedinterest 2020 should be an interesting year. After all, 2019 was one of the best years for the S&P 500 in history. Will the bull run continue? Currently, the S&P … Read more
“Challenging environment with weakened consumer demand”: This nosedive in a vast industry, affecting consumers and manufacturing, is happening even as GDP officially booms at 6%? By Wolf Richter for WOLF STREET. China’s market … Read more
Party like it's … pic.twitter.com/i7fTI4vyvl — Not Jim Cramer (@Not_Jim_Cramer) January 9, 2020 On EV/Sales, the market is at 99th percentile in history pic.twitter.com/T75NSNwSNo — zerohedge (@zerohedge) January 9, 2020 … Read more
Holden sales collapse. By Wolf Richter for WOLF STREET. Australia is next as we’re tracking the decline in global new-vehicle sales that started in the US in 2017 and took on serious dimensions … Read more
Manhattan has so many new, unsold condos it would take six years, at the current pace of sales, to unload them all t.co/yoWC5S3DcV — Bloomberg Pursuits (@luxury) January 6, 2020 … Read more
by UPFINA The November retail sales report showed yearly growth improved modestly, but missed estimates across the board. It wasn’t as strong as what the consumer sentiment index, the Adobe analytics … Read more
via Zerohedge: The Interpublic Group of Companies’ research unit Magna has reported global television advertising sales plunged 4% in 2019, one of the steepest declines since the financial crisis as … Read more
#China 🇨🇳 Car sales – 4,2% in November to 1.97 million units, according to the #CPCA. This marks the 17th decline in the last 18 months and all but ensures … Read more
FITCH: “Global car sales “are likely to decline by around 3.1 million units in 2019, a larger decline than in 2008 ..” (via @FitchRatings @pattidomm) pic.twitter.com/nAaV5R8npo — Carl Quintanilla (@carlquintanilla) … Read more
by Dave Kranzler of Investment Research Dynamics I’m sure most of you are inundated with “Black November,” “70% off” and “clearance” email promotions from the usual cast of brick/mortar/online chain retailers. It started … Read more
Home Depot shares tumbled Tuesday after the company once again cut its 2019 forecast, and also reported same-store sales well below estimates. The company said revenue, which also missed analysts’ … Read more