The collapse of brick-and-mortar retail becomes a real-estate question.
“The debt needs to blow up. It needs to go way. There is too much debt, globally.” Wolf Richter on the X22 Report.
Brick & Mortar Meltdown reaches “Crown Jewel in American retailing.”
ECB Shuts Down Veneto Banca and Banca Popolare di Vicenza.
Projected losses at the top 34 banks in a “severely adverse scenario.”
Goes Bankrupt. Lays Off 2,900 People. Shareholders rue the day.
QE-Unwind may start in September.
You’d think Amazon’s surging sales would be a boost for UPS. But no.
New CEO Cuts Costs: Ford shifts production of compact car from Michigan and Mexico to China.
The HK dollar is pegged to the US dollar. HK monetary policy follows the Fed. And the Fed is raising rates.