US-Traded Chinese Stocks & ADRs Totally Crushed, Many by 50% or 60% or More

The practice of renegotiating rent is older than selling Thanksgiving turkeys as loss leaders, but there is a relatively new, ugly wrinkle to the game.

E-Commerce Crushes Mall Retailers One by One. Here’s the Data

by Wolf Richter • May 18, 2019 • 81 Comments

Brick-and-mortar department stores – the lucky ones still open – are on schedule to be toast.

What Should We Make of the Global Slowdown in Manufacturing?

by Wolf Richter • May 18, 2019 • 7 Comments

The global slowdown in manufacturing and trade is not pretty. How will it impact the US and other major economies? Wolf Richter on This Week in Money.

How Did the US Service Sector Do in Q1?

by Wolf Richter • May 17, 2019 • 45 Comments

Finance & Insurance, Which Dominates the US Economy, Has Blistering Q1. Huge Services Sector Not Yet Hit by Slowdown in Goods.

Vacation Giant & Airline Thomas Cook Verges on Collapse

by Don Quijones • May 17, 2019 • 32 Comments

Citi Group analysts slashed their price target to zero.

Brick & Mortar Meltdown, Manhattan Style

by Wolf Richter • May 16, 2019 • 116 Comments

Retail space asking rents plunge as landlords try to fill scores of vacant shops. Charts by shopping corridor.

UK Banks Double Down on High-Risk Mortgage Products to Prop Up Housing Market

by Don Quijones • May 16, 2019 • 50 Comments

Like the mortgage crisis never happened.

Subprime Bites: Auto-Loan Delinquencies Spike to Q3 2009 Level, Despite Strongest Labor Market in Years

by Wolf Richter • May 15, 2019 • 80 Comments

But what will happen to banks and automakers when the cycle turns?

The Most Splendid Housing Bubbles in Canada Deflate Further

by Wolf Richter • May 15, 2019 • 57 Comments

Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years.

Trucking & Rail Shipments Sink as US Goods-Based Sector Slows

by Wolf Richter • May 14, 2019 • 77 Comments

Weakness in transportation deepens. Freight rates still rising, but also coming under pressure.

Amazon Butts in on Google-Facebook “Duopoly” in the Huge Business of Internet Advertising. Publishers Hung Out to Dry

by Wolf Richter • May 14, 2019 • 85 Comments

Here are the latest numbers.

After Shares Collapse, Mini Bank-Run Begins as UK Lender Counts Cost of Broken Trust

by Don Quijones • May 13, 2019 • 29 Comments

This time it’s about the safe deposit boxes at Metro Bank.

Nasdaq Drops 6.3% in 6 Days, as Uber & Lyft IPOs Turn into Colossal Flops. S&P 500 Chart Not Pretty

by Wolf Richter • May 13, 2019 • 55 Comments

Russell 2000 back where it had first been in November 2017.

Boeing, Airbus Carve up Embraer & Bombardier, Chinese Aircraft Makers Still Learning the Ropes

by MC01 • May 13, 2019 • 28 Comments

Aircraft manufacturing consolidates.

THE WOLF STREET REPORT

by Wolf Richter • May 12, 2019 • 48 Comments

Why a US-Style Mortgage Crisis Can Happen Anywhere.

QE Party Over, Bank of Japan Stealth-Tapers Further

by Wolf Richter • May 11, 2019 • 54 Comments

Straggler behind the Fed and the ECB gets the drift.

Inflation by City, from Hot to Cool, from San Francisco to Chicago

by Wolf Richter • May 10, 2019 • 87 Comments

Here’s Where Americans Suffer Hot Inflation, But There Are Cool Spots Too

Veil Over Money Laundering in Real Estate Lifted in BC, Canada

by Stephen Punwasi • May 10, 2019 • 39 Comments

“More than C$7 billion in dirty money was laundered in B.C. in 2018, hiking the cost of buying a home by about 5%, according to British Columbia’s Expert Panel on Money Laundering in Real Estate.”

House Flipper Zillow Lost $109K (37%) Per Flip, Net Loss Triples, Shares Soar

by Wolf Richter • May 10, 2019 • 105 Comments

But this new and horrendous house flipping operation inflated revenues “more than expected.”