by Wolf Richter • • Comments Off on Spiffy Hotel Rooms For The 85 Richest Folks Who Own As Much As Poorest Half Of Humanity
Now that we learned that the 85 richest folks own as much as the poorest 3.5 billion, we want to know where they’re staying when they come to town for dinner. We already know where the poorest 3.5 billion are staying: in shacks, hovels, and moldy apartment blocks.
by Wolf Richter • • Comments Off on How to Manipulate the Entire IPO Market With Just $250 Million
Tech isn’t exactly booming, as we’ve seen from numerous revenue and earnings debacles, collapsing sales in China and Russia, massive layoffs…. But that hasn’t kept “valuations” of money-losing tech startups from being pushed into the stratosphere – for the benefit of a very elite club.
by Wolf Richter • • Comments Off on The Corporate Malaise That The Stock Market Is Furiously Ignoring (for now) – Societe Generale’s Quant Research
“Thank goodness equities went up in 2013, otherwise it might have been a rather depressing year” – Societe Generale’s exasperated Global Quantitative Research team.
by Wolf Richter • • Comments Off on Natural Gas Squeeze? “Panic hasn’t ensued just yet”
Record demand has pushed natural gas in storage to the lowest level for that week since 2005. And in 2005, the price of natural gas spiked to its all-time high. Something has to give.
by Wolf Richter • • Comments Off on The Next Tire To Drop On The US Economy
Auto sales in the US have been hopping for the last few years, and production has soared, and exuberance along with it, and there were even hopes that sales would soon be where they’d been before the crisis, before the bankruptcies, the plant closures, the bailouts.
by Wolf Richter • • Comments Off on German Economy Wobbles Between Shrinkage And Stagnation, Stocks Soar
Since 2012, German economic growth has been back where it was when Germany was called the “Sick Man of Europe.” Only this time, Germany has been anointed the model economy for others to follow and admire.
by Wolf Richter • • Comments Off on Hang On Tight: ‘Merger Monday,’ Which Died in 2008, Is Back
I thought we’d never see “Merger Monday” again, the concept. But now, the unthinkable happened, the zombie phrase has walked back into the scene. Like in the bubble days of 2007: the big numbers were there, the deal exuberance, the craziness, the hoopla.
by Wolf Richter • • Comments Off on The Magic for Our Hapless Renters
Prices for housing have jumped and rents have jumped too, yet the 38.7 million renters, 34% of all households, watched with dismay as their real wages declined.
by Wolf Richter • • Comments Off on Lies, Damned Lies, and Banks: Deutsche Bank’s Whitewash Of “Senior Management”
Germany has its own JP Morgan, mired in a swamp of sordid scandals, investigations, lawsuits, and fines. Now a letter by the banking regulator was leaked that blasts Deutsche Bank’s internal investigation of the rate rigging scandal as a senior management whitewash.
by Wolf Richter • • Comments Off on But Wait … The PC Industry Hopes That It Hasn’t Lost Hope Yet
Signs of the entire industry in a heap of trouble are everywhere. Rumors just bubbled up that Dell would axe 25% of its global sales staff – over 9,000 souls. HP is sacking 34,000. PC shipments, including laptops, have been awful for three years in a row.
