Muddy Waters’ Short-Target NMC Health, a FTSE 100 Company, Admits Doctoring Accounts on Massive Scale. Shares Suspended by Nick Corbishley • Feb 29, 2020 • 72 Comments “Even more damning than our initial report”: Carson Block of Muddy Waters.
“Nothing Goes to Heck in a Straight Line,” Not Even Stocks Today by Wolf Richter • Feb 28, 2020 • 225 Comments Wow, what a day, what a week, what a 15-minute spike at the end!
Has the Coronavirus Hit US Consumer Spending Yet? by Wolf Richter • Feb 28, 2020 • 83 Comments In January, consumers carried on in hunky-dory land.
Airline Stocks, Battered by Coronavirus & Boeing 737 MAX, Plunge to Four-Year Low by Wolf Richter • Feb 27, 2020 • 73 Comments Boeing got battered too but not nearly enough. Introducing my SADJAUS stock index tracking the 7 largest US airlines.
Epic Construction Downturn Grips Australia by Nick Corbishley • Feb 27, 2020 • 37 Comments The bushfires were just the latest problem: The slump started well before them and also affects states unaffected by them.
How a Coronavirus Case in Korea Instantly Hit a Small Business in the US by Wolf Richter • Feb 27, 2020 • 140 Comments Everyone is trying to figure out how to get around the sudden hurdles.
Los Angeles Housing Market Carved Up by Unaffordability & Divergence in Demand by Wolf Richter • Feb 26, 2020 • 52 Comments Low Tier Skyrockets. Super-Luxury in Trouble. Condo, High-Tier House Prices Have Gone Nowhere since mid-2018.
The Most Splendid Housing Bubbles in America, Feb. Update by Wolf Richter • Feb 25, 2020 • 137 Comments Prices in San Francisco Bay Area, Seattle, Chicago, New York at early-2018 levels. But Phoenix, Tampa, Charlotte show surging house-price inflation.
Unicorns & Non-Unicorns Hung Out to Dry: As SoftBank Licks its Wounds, Startup Funding Fizzles, Shutdowns & Layoffs Spread by Wolf Richter • Feb 25, 2020 • 155 Comments The out-of-money moment is here. The party is over. But it sure was fund, so to speak, while it lasted.
Stocks Plunge (or Dip?), Traders Confused: This Wasn’t Supposed to Happen. Complacency Exacts its Toll by Wolf Richter • Feb 24, 2020 • 206 Comments The coronavirus is just the latest in a long series of issues successfully brushed off as irrelevant because all that mattered was that stocks went up.