Suddenly Leveraged Loan Issuance Gets Rough by Wolf Richter • Aug 22, 2019 • 56 Comments Fifth deal croaked in August. Moody’s has a cow over Ancestry.com’s deal. Deals had to be sweetened to find buyers. Retail investors bail out.
How the Ecommerce Boom Crushes “Mall Retailers” One by One by Wolf Richter • Aug 19, 2019 • 130 Comments The segments at the core of the Brick-and-Mortar Meltdown.
HSBC Runs into Buzzsaw in Hong Kong & China, its Home Market Generating 75% of its Profits by Nick Corbishley • Aug 19, 2019 • 24 Comments HSBC’s pleas of innocence have won little sympathy in Beijing.
It Starts: First Truck Maker Cuts Production by Wolf Richter • Aug 16, 2019 • 12 Comments Navistar confirms next phase in Transportation Recession.
In Hilarious IPO Filing, WeWork Dreams of $3 Trillion in Revenue But Has Billions in Losses. Red-Ink Massacre to Come in 2nd Half by Wolf Richter • Aug 14, 2019 • 145 Comments All in next-gen corporate speak to give you the warm & fuzzies. Meanwhile, Uber hits new low, down 24% from IPO price.
Why Have Global Semiconductor Sales Plunged & Gotten Stuck at These Levels for 5 Months Now? by Wolf Richter • Aug 10, 2019 • 79 Comments Today’s scenario is very unlike the plunge during the Financial Crisis, which blew over in no time.
Brick & Mortar Meltdown’s Ugly Week in Record-Ugly Year by Wolf Richter • Aug 9, 2019 • 113 Comments Store liquidations in 2019 have blown past the full-year total of 2018. The phenomenon is proceeding with relentless momentum.
One of World’s Construction Giants Admits Using Risky Hidden-Debt Loophole “Across Group.” Australian Subsidiary Crushed by Nick Corbishley • Aug 9, 2019 • 43 Comments This “crack cocaine for CFOs” was also extensively used by Carillion until it collapsed.
How Can a Company Lose $5.2 Billion on $3.2 Billion in Revenue? Uber Shows How by Wolf Richter • Aug 8, 2019 • 154 Comments And rideshare revenue is stagnating.
Is the Everything Bubble Ripe Yet? by Wolf Richter • Aug 8, 2019 • 110 Comments Suddenly – I mean the signs had been everywhere for a long time and “suddenly” doesn’t really apply – the whole house of cards came tumbling down.
