E-Commerce is Wiping Out Mall Retailers One by One. Here’s the Data by Wolf Richter • Mar 13, 2019 • 100 Comments Department store sales hit a new record low in the data going back to 1992.
Video Game Industry Stalls, Stocks Plunge. What’s Going On? by Adam Williams • Mar 13, 2019 • 83 Comments Layoffs and closures—the beginnings of a major shakeout.
US Banks Report $251 billion of “Unrealized Losses” on Securities Investments in 2018, the Most Since 2008: FDIC by Wolf Richter • Mar 12, 2019 • 21 Comments And other juicy banking nuggets.
Toll-Road Giant Abertis Just Doubled its Debt to €22 Bn to Pay a Special Dividend to the Companies that Acquired it Last Year by Don Quijones • Mar 12, 2019 • 23 Comments The acquisition created world’s biggest toll-road operator. But it was costly.
Demand for HELOCs Collapses to 15-Year Low by Wolf Richter • Mar 11, 2019 • 100 Comments American homeowners have learned a lesson, despite what banks and the Fed want them to do.
Kremlin Vies with China to See Who Controls the Internet Better by Safehaven • Mar 11, 2019 • 32 Comments Population control is the new name of the game.
Formerly Red-Hot Retail Sales Fizzle Back to Normal by Wolf Richter • Mar 11, 2019 • 55 Comments But back to “normal” hurts after a good run.
THE WOLF STREET REPORT by Wolf Richter • Mar 10, 2019 • 75 Comments The Risks of American Consumer Debt Hide Beneath the Averages.
Time’s Running Out for World’s Most Indebted Oil Company by Don Quijones • Mar 10, 2019 • 23 Comments US rating agencies pressure Pemex and the new Mexican government. But Pemex is too big to fail.
State of the World’s Biggest Debt Slaves: Americans Wimp Out in 11th Place by Wolf Richter • Mar 9, 2019 • 131 Comments And where do Chinese consumers fit in?