Yellow Files for Bankruptcy and Liquidation. CEO Blames Teamsters in Stunning Detailed Announcement by Wolf Richter • Aug 7, 2023 • 178 Comments “All workers and employers should take note of our experience with the International Brotherhood of Teamsters and worry.”
Trucker Yellow Shuts Down, to File for Bankruptcy, 3 Years after $700-Million Government Bailout that Stank to High Heaven by Wolf Richter • Jul 29, 2023 • 158 Comments Executive officers, directors, and Teamsters benefited from the bailout. So get it over with, finally.
What Alphabet’s Layoffs, Current Headcount, and Unemployment Claims Tell us about the Erstwhile Tech Layoff Tsunami by Wolf Richter • Jul 27, 2023 • 64 Comments Tech & social media companies went nuts during the pandemic hiring-bubble, then sobered up. Now it’s already over.
Companies See “Sticky” Inflation in July in Services, as they Pass on Surging Input Costs, Including Higher Wages by Wolf Richter • Jul 24, 2023 • 124 Comments Inflation in goods has abated, but it remains hot in services: US companies.
I Love how Tesla Wreaks Havoc: Ford Slashes Prices of Electric Pickup Trucks, after 3 Big-Fat Price Hikes. Let the Price Cutting Continue by Wolf Richter • Jul 17, 2023 • 170 Comments Americans got battered for years by huge price hikes, especially on trucks, amid oligopolistic pricing behavior by legacy automakers.
End of Easy Money: Financial Conditions Loosen Again for Junk-Rated Companies. But Some that Long Teetered Finally Go Over the Bankruptcy Cliff by Wolf Richter • Jul 10, 2023 • 119 Comments Tightening is a slow process, and there is still a flood of excess liquidity chasing after yield.
CRE Nightmare for CMBS Holders: Office Mortgage Delinquency Rate Has Biggest Six-Month Spike Ever. It’s just the Beginning by Wolf Richter • Jul 5, 2023 • 133 Comments And it’s structural. Variable-rate CRE mortgages and much higher rates just speed up the process.
End of Easy Money: Unicorn Bubble Implodes, Normalcy Returns by Wolf Richter • Jul 4, 2023 • 100 Comments AI hype & hoopla replaces crypto, blockchain, and FinTech hype & hoopla. You’ve got to go with the times.
Revenge of the Variable-Rate Commercial Debts by Wolf Richter • Jun 28, 2023 • 121 Comments Most people in finance today cut their teeth in the era of Easy Money, when history books were thrown out the window. But that era is over.
THE WOLF STREET REPORT: Revenge of Variable-Rate Commercial Debts by Wolf Richter • Jun 24, 2023 • 160 Comments Most people in finance today cut their teeth in the era of Easy Money, when history books were thrown out the window.
