Bloodletting in Semiconductor Stocks Kicks Off September: Nvidia -11.7% Regular & Late Trading, Market Cap Drops by Half a Tesla by Wolf Richter • Sep 3, 2024 • 155 Comments Nasdaq Composite dropped 3.3%. If it drops another 6.7%, it’ll be back to November 2021.
Banks Still Stuck with $13 Billion in Risky Loans from Musk’s LBO of Twitter 22 Months Ago, Possibly the Longest Hung Deal of this Size Ever by Wolf Richter • Aug 20, 2024 • 98 Comments The banks could sell the leveraged loans, but only at a big loss. Some have already written them down by hundreds of millions of dollars.
A Big Week for Stocks, a Huge 7 Days for Nvidia (+26%), after the Battering They’d Taken by Wolf Richter • Aug 16, 2024 • 121 Comments Much of the heavy lifting of these mindboggling amounts was done in two trading days.
B. Riley Financial Collapses 52% Today, -91% in 2.5 Years since Peak Consensual Hallucination by Wolf Richter • Aug 12, 2024 • 52 Comments It dumped on already puking shareholders a surprise disclosure of huge losses that exceed its capital, amid reports of widening SEC investigation.
Kind of a Funny Week for Stocks, Lots of Drama, Little Change: But Tesla & Nvidia Ended Deeper in the Hole by Wolf Richter • Aug 10, 2024 • 106 Comments Our pantheon of Imploded Stocks is weighing down the Russell 2000 index.
PE Firm Blackstone’s Epic Pump-n-Dump with Bumble now down to just a Mop-up Operation: Shares -94% since IPO Pop by Wolf Richter • Aug 8, 2024 • 70 Comments Blackstone made over $2 billion (as the public got wiped out), taking advantage of Consensual Hallucination.
US Stocks Open into Mess but Whiff of Panic Fades after Japan Crashed 12% Today, 20% since BOJ Ended Free Money by Wolf Richter • Aug 5, 2024 • 121 Comments This week starts out somewhat ugly. AI-hype-driven rally is losing hot air.
Berkshire Dumped Nearly Half its Apple Shares plus Other Stocks into Final Burst of Rally, Bought T-Bills. Cash is King by Wolf Richter • Aug 4, 2024 • 163 Comments “You could conclude this is another sell signal. This was a far higher level of selling activity than we were expecting.”
Stocks Swoon amid Rate-Cut Hopes after they’d Soared amid Rate-Cut Hopes? Whatever. Mag 7 -$2.26 Trillion from Peak, Semis Crushed, Nasdaq Bloodied by Wolf Richter • Aug 2, 2024 • 223 Comments Fed or no Fed, people suddenly notice fundamentals again, a scary thing at this altitude.
Eyepopping Factory Construction Boom in the US Reaches New Highs amid Big Corporate & Strategic Rethink by Wolf Richter • Aug 1, 2024 • 70 Comments One of the big changes that came out of the chaos of the pandemic. And robots cost nearly the same anywhere.
