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.
Who Will Get Hit When Collateralized Loan Obligations (CLOs) Blow Up? Banks or Unsuspecting “Market Participants”? by Wolf Richter • Jun 29, 2020 • 57 Comments Answers emerge from the murky business of CLOs.
