Big Tech & Startups Getting Ready for Reality: Shedding People, Offices, and Warehouses by Wolf Richter • Jul 27, 2022 • 126 Comments It’s kind of sobering. Reality has that effect, after a drunken binge.
Walmart Raises Sales Outlook, Lowers Earnings Outlook, as Inflation Bites: Shares -10% Afterhours. Target, Amazon Sag by Wolf Richter • Jul 25, 2022 • 118 Comments Food sales are hot, but some other merchandise, “particularly apparel,” requires markdowns to get moving.
THE WOLF STREET REPORT: Big Tech & Startups Getting Ready for Reality by Wolf Richter • Jul 24, 2022 • 172 Comments Shedding jobs, offices, and warehouses. It’s kind of sobering. Reality has that effect, after a drunken binge.
The Startup and Venture-Capital Barometer Plunges: Silicon Valley Bank Today v. Dotcom Bust by Wolf Richter • Jul 22, 2022 • 116 Comments The startup and VC bubble is tied to a booming stock market, but stocks are unraveling, and that strangles the money flow.
It Starts: Reverse Stock Splits for Collapsed SPACs & IPO Stocks. Bankruptcy for Others by Wolf Richter • Jul 20, 2022 • 143 Comments Reverse stock splits keep them from getting delisted. But some didn’t even get that far and filed for bankruptcy, like, WOW that was fast.
Leverage v. Stock Market “Events”: Margin Debt Plunged in June by Wolf Richter • Jul 19, 2022 • 96 Comments Few took the warning seriously that margin debt issued last year.
Housing Bubble Getting Ready to Pop: Traffic of Prospective Buyers of New Houses Plunges, Homebuilders Cut Prices, Sentiment Dives by Wolf Richter • Jul 18, 2022 • 266 Comments Homebuilder stocks have been wobbling lower all year, now down between 24% and 40%.
Why Delivery Giants Walmart, Amazon, FedEx & UPS even Deal with Collapsing EV Startups: EV SPAC Canoo is the Latest by Wolf Richter • Jul 12, 2022 • 194 Comments Scaring legacy automakers into finally producing electric cargo vans is like pulling teeth.
Every S&P 500 Sector Fell in First Half, Except Energy. But in June Even Energy Let Go. Bonds Got Crushed. I’m Not Even Going to Mention Cryptos & DeFi by Wolf Richter • Jun 30, 2022 • 238 Comments But cryptos and DeFi created a big mess as hidden leverage is blowing up, and the mess spread to stocks.
Another Pump-and-Dump Meme Stock Ends in Dumpster of Reality: Bed Bath & Beyond Goes Back to Heck by Wolf Richter • Jun 29, 2022 • 192 Comments Hit by the brick-and-mortar meltdown years ago, it attracted short sellers, which attracted meme stock traders, which blew up the short sellers, and then each other.
