Oops, Facebook’s Market Cap Plunges by $143 Billion by Wolf Richter • Jul 25, 2018 • 144 Comments Throughout the scandals, Facebook was clad in Teflon and nothing mattered. But today, it mattered.
Spending on Housing Dropped 12% in Canada in June by Steve Saretsky • Jul 25, 2018 • 27 Comments The national slowdown was particularly unkind to the province of BC.
Biggest Apartment-Construction Boom-Towns Are Not What You May Think by Wolf Richter • Jul 24, 2018 • 62 Comments No, it’s not Seattle. Denver is by far #1. New York isn’t even in the top 25. And it explains why rents in Chicago are collapsing.
Results Are In: How Americans Faced the Equifax Hack where Personal Data of 45% of US Adults Were Stolen by Wolf Richter • Jul 24, 2018 • 55 Comments Now, 10 months later, do they even know about it? Don’t laugh….
“Cliff Edge” Brexit Threatens $34 Trillion of Derivative Contracts: UK Regulator by Don Quijones • Jul 24, 2018 • 43 Comments A high-risk blinking contest no one wants to lose.
10 Down-to-Earth Things Powell Said about Cryptocurrencies by Wolf Richter • Jul 23, 2018 • 42 Comments Go find someone else to regulate them.
“Desperate” Tesla Asks Suppliers for Cash Back Retroactively to 2016 by Wolf Richter • Jul 23, 2018 • 104 Comments The request is “essential to Tesla’s continued operation.”
Is the US Economy Really Going to Pop 4.5% in Q2? by Wolf Richter • Jul 22, 2018 • 71 Comments At least one of them is very wrong: Atlanta Fed GDPNow v. New York Fed Nowcast.
Backlash Against “War on Cash” Reaches Washington & China by Don Quijones • Jul 21, 2018 • 92 Comments The electronic-payments industry, which gets a cut from every electronic transaction, wants to kill cash. But wait…
Which Yield Curve “Inverts” First? US, Japan, Germany, or China? by Wolf Richter • Jul 20, 2018 • 77 Comments How the “Yield Curves” Stack Up in central-bank manipulated bond markets.