Mastercard Pushes Biometrics, Banks Follow by Don Quijones • Jan 25, 2018 • 50 Comments Biometric authentication “will be of great benefit to everyone.”
Junk-Rated Netflix Expects to Report Loss to IRS, Will Burn $3-$4 Bn in 2018, after Burning $2 Bn in 2017, Debt Piles Up by Wolf Richter • Jan 22, 2018 • 66 Comments Shares Soar. Bond market on cloud 9.
$10-Billion IPO of Leveraged Buyout Queen Flops, Investors Bleed by Wolf Richter • Jan 19, 2018 • 28 Comments But private equity firm Apollo makes $2.4 billion “on paper.”
Albertsons/Safeway Loses Grocery War, Lidl Gives Up? by Wolf Richter • Jan 18, 2018 • 66 Comments Price war by Amazon-Whole Foods and Aldi scuttle Albertsons’ IPO hopes as customer traffic and same-store sales drop despite promos and price cuts.
Collapse of Construction Giant with 43,000 Employees Globally Sparks Fear and Mayhem by Don Quijones • Jan 15, 2018 • 60 Comments “The company that runs Britain”: profits were privatized, costs will be socialized.
When Profits at Utilities are Privatized and Losses Socialized, Do We Still Need Public Shareholders? by Leonard Hyman and Willian Tilles • Jan 13, 2018 • 62 Comments So who is taking the risks, and who is getting paid to take them?
Kodak Directors Get Massive Stock Grants Day Before “Blockchain” Hype Caused Shares to Spike 300% by Wolf Richter • Jan 12, 2018 • 72 Comments Regulators remain soundly asleep.
Markets Still Blow Off the Fed, Dudley Gets Nervous, Fires Warning Shot by Wolf Richter • Jan 12, 2018 • 85 Comments In search of the elusive soft landing.
Walmart Suddenly Shutters Numerous Sam’s Clubs without Notice, 11,000 Jobs Impacted, Chaos Breaks out on Twitter by Wolf Richter • Jan 11, 2018 • 91 Comments “This is how fly-by-night companies operate”
SEC Halts Trading in my Biggest “Blockchain Stock” Hero by Wolf Richter • Jan 9, 2018 • 69 Comments 11 days after I lambasted the outfit. Billions went up in smoke already.
