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 • 84 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 • 28 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.