Work-from-Home & Covid Resurgence Maul Office Occupancy by Wolf Richter • Jul 15, 2020 • 132 Comments There is no recovery for office space. The number of people going to the office has declined over the past four weeks.
Delta’s Passenger Revenue -94%. How it Plans to Stay Alive till “Demand Returns.” Confirms United’s Warning About Newly Waning Demand by Wolf Richter • Jul 14, 2020 • 90 Comments Shrinkage in survival mode instead of V-shaped recovery. “It will be more than two years before we see a sustainable recovery”: CEO.
These Airlines, Financial Black Holes for Years, Now Face the Pandemic by MC01 • Jul 13, 2020 • 58 Comments Dogged by everything from bloated costs to corruption.
Moving the Iron amid Sagging Demand: Tesla Cuts Price of Model Y, after Cutting Prices of Model 3, S & X, as Other Automakers Offer Record Incentives. by Wolf Richter • Jul 13, 2020 • 163 Comments The time for deals on new vehicles has arrived.
“Wild Ride to Nowhere”: APPL, MSFT, AMZN, GOOG, FB Soar to New High. Rest of Stock Market is a Dud, Has Been for Years by Wolf Richter • Jul 11, 2020 • 220 Comments The market has come to totally depend on the “Giant 5.” A scary out-of-whack weight on the way down.
The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas by Wolf Richter • Jul 10, 2020 • 128 Comments The bankruptcy epicenter is in Texas.
No V-Shaped Recovery for Airlines. Ticket Sales Slide Again. United Announces 36,000 “Involuntary Furloughs” by Wolf Richter • Jul 8, 2020 • 179 Comments “Increase in Covid-19 cases negatively impacting industry demand”: United
Pandemic Compresses Brick & Mortar Meltdown: Brooks Brothers Files for Bankruptcy, Ascena (Ann Taylor, etc.) Prepares to File, Tailored Brands (Men’s Wearhouse, etc.) Not Far Behind by Wolf Richter • Jul 8, 2020 • 131 Comments A dozen major brands, thousands of stores, after years of struggling. Work-from-home is annihilating casual and formal office attire.
Mall and Hotel Loans Are Blowing up Commercial Mortgage-Backed Securities by Wolf Richter • Jul 5, 2020 • 123 Comments CMBS delinquency rates for retail properties spiked to 18% and for hotel properties to 24%.
Double-WTF Chart of the Year Update: Tesla Becomes Most Valuable Automaker, Blows by Toyota by Wolf Richter • Jul 1, 2020 • 171 Comments To mark this moment in the history of insane stock prices where a tiny automaker with a global market share of 0.5% and a big loss in 2019 became the most valuable automaker in the world.
