Why Delivery Giants Walmart, Amazon, FedEx & UPS even Deal with Collapsing EV Startups: EV SPAC Canoo is the Latest by Wolf Richter • Jul 12, 2022 • 194 Comments Scaring legacy automakers into finally producing electric cargo vans is like pulling teeth.
Cash-Out Refis with Holy-Moly Mortgage Rates for Remodeling Projects? Professional Home Remodelers Face New Challenges by Wolf Richter • Jul 11, 2022 • 119 Comments Amid shortages, exploding prices, and long lead times, there are now the new realities of a turning housing market.
THE WOLF STREET REPORT: US Dollar Exchange Rates and Inflation – What’s Next? by Wolf Richter • Jul 10, 2022 • 198 Comments The USD had a heck of a ride, which kept inflation from spiking even further. But it may not last much longer.
Leverage & Interconnectedness Are Blowing Up Crypto & DeFi by Wolf Richter • Jul 9, 2022 • 183 Comments That’s what’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected.
I Want to Add a Word about Ageism in this Bizarre Labor Market and How it Hits Labor Force & Unemployment Numbers by Wolf Richter • Jul 8, 2022 • 289 Comments And there was nothing in this jobs report to spook the Fed out of tightening.
Fed’s QT Kicks Off: Total Assets Drop by $74 Billion from Peak, New Era Begins by Wolf Richter • Jul 7, 2022 • 245 Comments QE creates money. QT does the opposite: it destroys money.
New Vehicle Sales in Russia Collapsed by 82% in June by Wolf Richter • Jul 7, 2022 • 84 Comments The top 10 brands in Russia and their struggles.
Tech Layoffs & Hiring Freezes Only Made Tiny Dent in Red-Hot Labor Market in May by Wolf Richter • Jul 6, 2022 • 185 Comments Enormous churn and job hopping amid aggressive hiring, near record low layoffs, near record high job openings and quits.
Bank of Japan’s Assets Drop for 2nd Month in a Row by Wolf Richter • Jul 6, 2022 • 81 Comments Possibly confusing to folks in the US financial media that in recent months had hyped some new QE by the BOJ.
New Vehicle Sales in June 2022 Plunged 25% from June 2019, Back to 1970s Levels, on Inventory Shortages by Wolf Richter • Jul 5, 2022 • 110 Comments Pent-up demand in time for the recession when supply might finally rise enough? This messed-up economy will continue to dish up surprises.
