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by Wolf Richter • Apr 4, 2024 • 0 Comments

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FRONT PAGE

Large Upward Revisions of “Core Services” PCE Inflation Pushed Six-Month “Core” PCE Inflation to 3.4%, Worst in a Year

by Wolf Richter • Jul 26, 2024

Fed’s Wait-and-See on rate cuts makes sense amid heavily revised whiplashy data and still too high inflation.

Winemaker SPAC with Dozens of Brands, Result of PE-Firm Backed Rollup, Files for Bankruptcy 3 Years after SPAC Merger

by Wolf Richter • Jul 25, 2024

Everyone was happy, sort of, except the public that bought the misbegotten shares and got wiped out?

Economy Re-Accelerates in Q2. Our Drunken Sailors Splurge on Durable Goods, Investment Jumps, Federal Gov Undoes Blip

by Wolf Richter • Jul 25, 2024

Our Drunken Sailors are back at it, but in moderation, so to speak, their feathers largely unruffled by interest rates.

Magnificent 7 Got on Elevator to the Moon but Someone Pushed a Wrong Button: -$1.77 Trillion in 10 Days. Tesla Blows Fuse

by Wolf Richter • Jul 24, 2024

Nvidia is our double-WTF chart of the year, giving up $512 billion in 10 days.

New-House Prices Solidly below Existing House Prices as Inventory Piles Up. Sales Hobble Along, Supported by Big Incentives & Mortgage-Rate Buydowns

by Wolf Richter • Jul 24, 2024

Inventory of completed houses jumps to highest since 2009. This pile-up of spec houses is exactly what the housing market needs.

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