Tesla Reports Another Doozie

A “bust out” is a fraud used in organized crime, wherein a business’s assets and lines of credit are exploited and exhausted to the point of bankruptcy.

Here Are Sears Holding’s Five “Fraudulent Transfers” and Why “Culpable Insiders” Lampert, Mnuchin, et. al Got Sued

by Wolf Richter • Apr 18, 2019 • 63 Comments

Greed and scheming dominated the five deals: SHO, the spinoffs of Orchard, Sears Canada, Lands’ End, and the putrid Seritage deal.

Threat of Contagion to Eurozone from Spanish Banks’ Huge Bet on Emerging Markets: UBS

by Don Quijones • Apr 18, 2019 • 19 Comments

Spanish banks expanded aggressively into Emerging Markets to flee the consequences of the euro debt crisis.

WOLF STREET Meetup in San Francisco Etched in Stone: April 30

by Wolf Richter • Apr 17, 2019 • 64 Comments

Nearly 100 readers have already said they’re planning to join us. It’s free. It’ll be a blast. There is room for more. Here are the details.

More Airlines Collapse: Jet Airways India, Alitalia, WOW Air

by MC01 • Apr 17, 2019 • 44 Comments

And the 217 planes that Jet Airways ordered from Boeing?

House Prices in 12 of California’s Most Expensive Coastal Counties Fell in March from a Year Ago. Here are the Charts

by Wolf Richter • Apr 17, 2019 • 67 Comments

Despite “the lowest interest rates in more than a year.”

What J.B. Hunt Just Said About the U-Turn in Trucking

by Wolf Richter • Apr 16, 2019 • 73 Comments

Largest US Trucking Company: “Volume, or lack thereof, is obviously the main story.” The inventory pile-up hurts. And the driver shortage is ending.

Who Bought the Huge $1.26 Trillion of New US Government Debt over the Past 12 Months?

by Wolf Richter • Apr 15, 2019 • 66 Comments

There was strong appetite. Only the Fed shed them. Here’s who bought.

China EV Manufacturing Bubble Faces Getting Bludgeoned

by Wolf Richter • Apr 15, 2019 • 51 Comments

There are now 486 EV manufacturers in China, triple from two years ago. Most will disappear.

Pemex, World’s Most Indebted Oil Company, Gets Government Bailout as Suppliers Gripe About Unpaid Bills

by Don Quijones • Apr 15, 2019 • 19 Comments

“Once. Only this year. Later on, that’s their problem”: Finance Minister. It doesn’t help that $3.4 billion in fuel was stolen in 2018, including by insiders. Crackdown now underway.

THE WOLF STREET REPORT

by Wolf Richter • Apr 14, 2019 • 73 Comments

The Biggest Risk for Stocks: The moment share buybacks get slashed.

What’ll Happen to Home Prices in Silicon Valley & San Francisco after the Mega-IPOs? Last Two Times, We Got a Housing Bust

by Wolf Richter • Apr 14, 2019 • 84 Comments

Here’s how it works. Meanwhile, the media is busy publishing real-estate industry hype.

The Most Splendid Housing Bubbles in Canada Deflate

by Wolf Richter • Apr 12, 2019 • 109 Comments

How do they measure up against the most splendid housing bubbles in the USA? Oops!

Whole Foods’ Existential Threat?

by John McNellis • Apr 12, 2019 • 108 Comments

“Amazon’s plunge into the $800 billion US grocery industry posed an existential threat to rivals”: CNN, August 2018. So let’s see.

Uber Discloses 3-Yr $10-Billion Loss from Operations, Stalling Rideshare Revenue & 50 Pages of “Risk Factors” that Are Not for the Squeamish

by Wolf Richter • Apr 11, 2019 • 90 Comments

But it had big tax benefits & one-time gains. And Uber Eats is hot, so to speak.

Big Old Problem Just Re-Erupted on Eurozone’s Southern Flank

by Don Quijones • Apr 11, 2019 • 54 Comments

Italy’s fiscal health is once again in serious decline.

Carmageddon at Tesla-Panasonic Gigafactory in Nevada and Shanghai

by Wolf Richter • Apr 11, 2019 • 118 Comments

Expansion & investment plans frozen, after deliveries of Teslas plunged in Q1

My Fancy-Schmancy “Fed Hawk-o-Meter” Jumps 18%, “Patient” Gets Slashed, “Moderated” Disappears

by Wolf Richter • Apr 10, 2019 • 62 Comments

What’s the Fed Trying to Say?

How Big or Tiny of an Apartment Can the Median Household Income Afford to Rent in the 100 Largest US Cities?

by Wolf Richter • Apr 10, 2019 • 72 Comments

In some cities, you get what is considered a walk-in closet of a McMansion.

This is How Stocks Get Hit When BBB-Rated Companies Try to Dodge a Downgrade to “Junk”

by Wolf Richter • Apr 9, 2019 • 51 Comments

There are now many of them. Shoring up the balance sheet is the opposite of “shareholder friendly.” It’s “creditor friendly.”