THE WOLF STREET REPORT by Wolf Richter • Mar 17, 2019 • 76 Comments What’s Really Causing the Gigantic US Trade Deficit? It’s not China…
Steinhoff Committed $7.4 Billion in Fraud (at least). Here’s How by Wolf Richter • Mar 16, 2019 • 88 Comments It’s not often that we get to see the details of how companies commit $7.4 billion worth of fraud.
Tesla’s Mess at the Top: Moody’s Gets Nervous by Wolf Richter • Mar 15, 2019 • 91 Comments Decision-Making Chaos and Epic Strategy Flip-Flops.
Outsourcing Giant Interserve with 65,000 Employees Collapses by Don Quijones • Mar 15, 2019 • 37 Comments Shareholders wiped out, 14 Months after competitor Carillion Collapsed.
The Most Splendid Housing Bubbles in Canada Deflate by Wolf Richter • Mar 14, 2019 • 127 Comments How do they stack up against the most splendid housing bubble in America? Holy cow!
Transition to Cashless Society Could Lead to Financial Exclusion and System Vulnerability, Study Warns by Don Quijones • Mar 14, 2019 • 68 Comments “Serious risks of sleepwalking into a cashless society before we’re ready – not just to individuals, but to society.”
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.