Work-from-Home Unleashes Nightmare for Office Landlords & Surrounding Businesses. Global Banks at the Forefront by Nick Corbishley • Jul 22, 2020 • 118 Comments “There will be a long-term adjustment in how we think about our location strategy…the notion of putting 7,000 people in a building may be a thing of the past”: Barclays CEO. And companies are following through.
“Demand to Remain Suppressed” till Vaccine/Treatment Widely Available: United Airlines. May Not Happen till Late 2021 “or Even Later”: Health Care Leaders by Wolf Richter • Jul 21, 2020 • 108 Comments Flattened-out fish-hook-shaped recovery of demand?
Bailout of Trucking Company YRC, Near Bankruptcy Before Covid-19, Ripped by Congressional Watchdog by Wolf Richter • Jul 21, 2020 • 69 Comments It wants to know: Why was YRC even bailed out? And why was the taxpayer put at so much risk? What’s going on here?
#TheZooHasGoneNuts: “Fraudulent” Press Release of Buyout Nearly Triples Stock of Soon-to-be-Bankrupt Oil & Gas Producer, Briefly by Wolf Richter • Jul 20, 2020 • 106 Comments Who the heck bought those shares? Robinhood traders? And who placed this press release and cashed in on it?
Recovery of Collapsed Air Passenger Traffic in the US Backtracks by Wolf Richter • Jul 20, 2020 • 104 Comments Confirming early warnings by United and Delta of re-declining ticket sales. V-Recovery has to wait in line. Airline shares down 3.7% intraday.
“Giant 5 Index” – AAPL, MSFT, AMZN, GOOG, FB – Sagged All Week, Rest of Market Rose, Still 2.5-Year Wild Ride to Nowhere by Wolf Richter • Jul 19, 2020 • 103 Comments And the FANGMAN shivered as Netflix got knocked down.
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.
