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As millions of Americans spend quality time with their families to avoid the global pandemic, box office sales across the US have predictably cratered – falling to just $5,179 from March 20 through March … Read more
Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014. By Nick Corbishley, for WOLF STREET: As Hong Kong tourist arrivals collapsed by 96% in … Read more
Jobless Rate May Soar to 30%… BARRACK: Commercial Mortgages on Brink of Collapse… (Bloomberg) — Real estate billionaire Tom Barrack said the U.S. commercial-mortgage market is on the brink of … Read more
But for its still pre-coronavirus quarter, Navistar reported that its Truck revenues collapsed by 31%. By Wolf Richter for WOLF STREET. So Navistar International reported Q1 results this morning. It swung to a net loss … Read more
Chinese Q1 GDP could potentially be -12%.@Amdalleq @mtmalinen @DiMartinoBooth @TechQn t.co/2UUGXQaMPQ — Ian Prittie (@thereds8) March 3, 2020 🇺🇸🇨🇳 Arghhhhhhhhh, where did you go? 😱 Part 2 easing countdown: 3, … Read more
By Tsvetana Paraskova China’s passenger car sales tumbled by 92 percent year on year in the first two weeks of February, due to the coronavirus outbreak, which is also expected to result … Read more
by Charles Hugh-Smith If you think global demand will rebound as global debt and confidence implode, you better not be making consequential decisions based on Euphorestra-addled magical thinking. Even before … Read more
These days, markets forgive and forget anything except the suspension of share buybacks. By Nick Corbishley, for WOLF STREET: Global banking behemoth HSBC’s net profit slumped 53% in 2019, to $5.97 billion, … Read more
by Kildragoth I vaguely knew what I was getting in to. My girlfriend and I arrived at an MGM owned casino. We get a bite to eat and as soon … Read more
China is turning to potentially risky measures to track down more patients of a coronavirus outbreak that has killed at least 1,000 people. They are now stopping the sales of … Read more
five insider sales for every one buy pic.twitter.com/4MZRnxLZfW — Roberto Mulazzi (@robertomulazzi) February 6, 2020 Corporate insiders are rushing to sell their stocks t.co/TWlIjtreXW via @markets — M/I_Investments (@MI_Investments) February … Read more
fred.stlouisfed.org/series/HTRUCKSSAAR 🧐23MONTHS CONSTRUCTING A BOTTOM HOW LONG WILL IT LAST?🥱 pic.twitter.com/KIpA3VxwZA — Antonio Pérez Algás (@apanalis) February 6, 2020 #recession … #Tech #Startup #IPO #Bubble 2.0 edition t.co/yv3HtE1TFb — Invariant … Read more
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