The founder and former chairman of Papa John’s, John Schnatter, has said that the pizza chain has abandoned the “conservative values” he built it on and is losing customers as a result. Schnatter made the comments in an interview with the Right Side Broadcasting Network …
by confoundedinterest17 Instead of The Boston Strangler, we now have the DC Strangler. Better known as The Federal Reserve and their war on inflation. US existing home sales crashed -14.24% YoY and -5.40% MoM in June as The Fed tightens its …
by Boo_Randy Anyone stupid enough to have bought into the Fed’s insane Housing Bubble 2.0 over the past two years is going to get their head handed to them when it all comes crashing down. Got popcorn? https://wolfstreet.com/2022/07/01/housing-bubble-getting-ready-to-pop-pending-sales-plunge-in-june-homes-listed-for-sale-jump-price-reductions-spike-amid-holy-moly-mortgage-rates/ Pent-up supply …
by confoundedinterest17 How blue can you get? US pending home sales declined -12% YoY in May as The Fed cranked up mortgage rates. That was 11 out of the last 12 months had declining pending home sales. How about something …
Worst annual % change (-6%) for auto dealers’ retail sales since May 2020 pic.twitter.com/yIo77oDSOG — Liz Ann Sonders (@LizAnnSonders) June 15, 2022 h/t Pristine_Humor5895
by Historical_Job_8609
Gun stores across Canada are reporting booming business, after Prime Minister Justin Trudeau announced that he was introducing a freeze on all new sales of handguns. Trudeau on May 30 said he was introducing ‘a national freeze on handgun ownership.’ …
Here’s a look at four of the first names to hit the tape this week, with most other major auto manufacturers set to release data within the next day or so. *HONDA MAY U.S. AUTO SALES -57.3% *TOYOTA US MAY SALES …
by confoundedinterest17 US home prices were growing at a near 20% YoY rate for the latest Case-Shiller National home price index report. But mortgage rates have soaring like a SpaceX missile shot. The result? Closed sales for April 2022 are down -9.5% …
Do you want Merrick Garland to decide if you’re eligible to own a gun every time you acquire a new firearm? Senate Democrats are pushing gun control in the run-up to the midterms, in the form of a bill introduced …
by confoundedinterest17 US Existing Home Sales were 5.61M SAAR in April, down -2.4% from March’s -3.0% MoM reading. But median prices YoY for existing home sales printed at 14.85%, still hot, hot, hot. With 3 consecutive declines in MoM existing home sales, …
by Boo_Randy Once again the Fed has blown the biggest housing bubble in history, pricing millions of the working poor out of affordable places to live, yet these gold collar criminals are still buying billions of mortgage backed securities every …
by worthlessreview Think about it. What does every rich person care about? The people? No. Kids? Nope, send them off to boarding school. The environment? *LOL*. They care about their pets. Crazy cat breeds, dogs smaller and smoother than my …
Carvana laid off 2,500 employees, many of them over Zoom (updated) https://www.engadget.com/carvana-zoom-layoffs-221427957.html SNIP: On Tuesday, online used car retailer Carvana laid off 12 percent of its workforce, reports Protocol. According to Twitter reports, the startup incited “mass hysteria” among workers …
https://finance.yahoo.com/news/china-home-sales-tumble-33-005204953.html Read Article here *PBOC REITERATES THAT IT WILL NOT FLOOD ECONOMY WITH STIMULUS Bloomberg — Daniel Lacalle (@dlacalle_IA) May 9, 2022 h/t Shanobido47
The NFT market is collapsing. The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website NonFungible. The …
Gap slashed its fiscal first-quarter sales guidance, citing “execution challenges” within the Old Navy business. The chief executive officer of Gap’s Old Navy division, Nancy Green, is set to depart her post this week. As Gap searches for Green’s successor, …
Russia’s energy revenue is expected to skyrocket this year if trading partners continue purchases of oil and gas from the sanction-hit country. Russia will get an estimated $321 billion in energy exports in 2022, marking a surge of more than …
by Sundance As workers and middle class Americans continue to be squeezed by Joe Biden inflation, the inability of wages to cover housing costs continues to create a burden in the housing market. Investment groups are purchasing hard asset real estate, …
by confoundedinterest17 US pending home sales for February surprised to the downside, down -4.1% MoM and -5.4% YoY, as mortgage rates soar. And inventory remains MIA. Not surprisingly, March median sales prices are up 17% YoY. University of Michigan buying conditions for …
Here’s one deprivation the Russian people probably weren’t expecting. American drugmaker Eli Lilly has decided to halt export of all non-essential drugs to Russia, including its blockbuster erectile dysfunction drug, Cialis. The drugmaker told the FT that while it would continue to …
More today: * Mercedes-Benz* Stoxx* Deutsche Bourse* London Stock Exchange* MSCI* Formula 1 https://t.co/ebRVdMa0WV — Carl Quintanilla (@carlquintanilla) March 3, 2022
by confoundedinterest17 US new home sales declined -19.3% YoY in January as mortgage rates have risen awfully fast. On a MoM basis, US housing starts declined -4.53% from December, but heck … its winter. The median price for new homes rose …
by confoundedinterest17 Surprise! US existing home sales in January rose to 6.50 million units SAAR versus the expected 6.10 million units. That is a 6.7% increase over December. The disturbing news is the continued lack of available inventory that peaked …
After years of teasing travelers that they would have the chance to book a trip into space, the day is finally here: Richard Branson’s aerospace travel company Virgin Galactic will start selling tickets for spaceflights tomorrow, and if you have …
