Grim Summer Turns to Long Cold Winter for European Airlines as Passenger Traffic Dives Again by Nick Corbishley • Sep 23, 2020 • 44 Comments A struggle for basic survival and for new money to burn.
Who Got the $33 Billion in Farm Subsidies for the US-China Trade-War and Coronavirus Payments? by Wolf Richter • Sep 22, 2020 • 86 Comments Individual recipients don’t even have to work on a farm; people getting these payments can be “city slickers.”
How the Pandemic Upended the Video Game Industry by Adam Williams • Sep 22, 2020 • 67 Comments Hardware, software, peripherals: If it has to do with staying at home…
There Will Be Permanent Changes: Apple CEO Tim Cook Weighs in on Working from Home by Wolf Richter • Sep 22, 2020 • 158 Comments “Some things actually work really well virtually”; but “the vast majority of us can’t wait until we can be back in the office.”
Hit from All Sides, European Bank Stocks Swoon to 1988 Low by Nick Corbishley • Sep 21, 2020 • 75 Comments Leaks about money laundering, a resurgent Pandemic, China risks, exposure to Turkey’s financial crisis, all in a negative-interest-rate environment that is toxic for banks.
Nikola Hype Collapses, Shares Plunge Further, Founder/CEO Pushed Out. GM Swoons by Wolf Richter • Sep 21, 2020 • 160 Comments This whole Nikola phenomenon was only possible in a market gone willfully blind and nuts.
Asset Class of Vintage Cars During the Pandemic: Sales at High End on Ice, After Steep Price Drops Earlier in the Year by Wolf Richter • Sep 19, 2020 • 105 Comments Affordable Classics rise the most, American Muscle Cars fall the most. Ferraris flat, after big drops earlier. Beautiful machines all of them.
“Giant 5 Stock Index” (AAPL, AMZN, GOOG, MSFT, FB) -16% from High, Apple -20%. And Rest of the Market? by Wolf Richter • Sep 18, 2020 • 70 Comments It might look a little bloody at the top, but it barely unwinds seven weeks of mind-boggling gains.
Who Bought the $3.3 Trillion Piled on the Incredibly Spiking US National Debt Since March? by Wolf Richter • Sep 17, 2020 • 171 Comments Trillions flying by so fast, it’s hard to even count them. But somebody had to buy these Treasury securities. And it wasn’t just the Fed. Here’s who.
On Concerns about Turkey’s Financial Health, Lira Dives to New Low, Cost of Insuring Turkish Sovereign Debt Nearly Doubles by Nick Corbishley • Sep 17, 2020 • 60 Comments The heavy weight of debts denominated in foreign currency. Borrowing in dollars & euros is cheap until it isn’t.