What’s the Cost of Mortgage-Rate Buydowns and Other Incentives to Homebuilders? Lennar Discloses the Numbers by Wolf Richter • Jul 4, 2024 • 82 Comments And they’re big. That assumes their hedges don’t blow up, but that’s precisely what hit D.R. Horton.
New Vehicle Sales, Q2: EVs Surge YoY, Except Tesla. Stellantis Drops to #6 for First Time, behind Honda. GM & Ford ICE Vehicles Dip YoY, but their EVs Spike. Prices Drop by Wolf Richter • Jul 3, 2024 • 82 Comments The CDK cyberattack wreaked havoc on processing and reporting deliveries by nearly 15,000 dealers.
Another of Our Imploded Stocks Ends in Bankruptcy: Chicken Soup for the Soul Entertainment, 2 Years after its Infamous Redbox Acquisition by Wolf Richter • Jul 1, 2024 • 62 Comments Don’t buy anything from a PE firm after Consensual Hallucination runs out?
Corporate Profits by Major Industry, Q1 Update: “Greedflation” Hits Ceiling in Some Industries but Still Thrives in Others? by Wolf Richter • Jun 27, 2024 • 46 Comments The huge spike in profits during the high-inflation years backtracked in some industries but got even hotter in others.
Ford F-150 Falls off Cliff in Q1 Registrations, Toyota RAV4 Leaps to #1, Tesla Model Y Gains Share, Still #2 Bestseller in the US by Wolf Richter • Jun 24, 2024 • 100 Comments Car and truck bestseller rankings in the US got stirred and shaken in Q1 2024.
Largest Auto Dealers Begin to Warn about Impact of Ransomware Attack Crippling Dealer Software Provider CDK by Wolf Richter • Jun 24, 2024 • 89 Comments “As the incident is ongoing, the full scope, nature and impact of the incident is not yet known”: AutoNation today.
Global Steel Production Update: China’s Property Crisis & Manufacturing Slowdown Trigger China’s Worst Ever 3-Year Drop of Steel Production, after Years of Blistering Growth by Wolf Richter • Jun 20, 2024 • 64 Comments US production of crude steel edged down further. Nucor Steel moved up to #15 globally. US Steel, #24, gets acquired by #4, Nippon Steel.
The Collapse of the EV SPACs: Fisker Joins the Bankruptcy Party, Others on the Verge by Wolf Richter • Jun 19, 2024 • 107 Comments Consensual Hallucination drove that SPAC boom during the free-money era.
Junta of Mega-Cap Stocks Rules. Rest of the Market? Russell 2000 Hits Jan 2021 Level, S&P 500 Equal Weight Hits Jan 2022 by Wolf Richter • Jun 15, 2024 • 132 Comments A market hooked on a handful of mega-cap stocks is a precarious place to be.
Rate-Cut Mania’s 20.7% Spike in French Stock Market Comes Home to Roost by Wolf Richter • Jun 14, 2024 • 54 Comments When stuff gets inflated like this, no one should be surprised when it gets deflated.
