Treasury’s Weak Denial Acts as Confirmation: US Weighs Crackdown on Capital Flows to Chinese Companies, Stocks & Bonds, Listed in the US or China by Wolf Richter • Sep 28, 2019 • 115 Comments Stocks of Chinese companies listed in the US have turned into a fiasco.
Nearly out of Cash, WeWork Shifts into Shrink & Survive Mode by Wolf Richter • Sep 26, 2019 • 126 Comments The house cleaners come in, halt all new leases, dump side businesses, sell corporate jet, lay off thousands, purge “Adam’s posse” – in just two days.
How Employees & Employers Get Bled by Health Insurance by Wolf Richter • Sep 25, 2019 • 181 Comments Something is seriously wrong with this system.
The September Airline Massacre in Europe by MC01 • Sep 24, 2019 • 82 Comments And these are still the good times, with growing passenger traffic.
Altria Rues the Day it Plowed $13 Billion into Super-Unicorn Juul by Wolf Richter • Sep 23, 2019 • 126 Comments Dark Side Comes to the Fore: Juul is the Second Highest Valued US Unicorn, Behind WeWork Which Crashed & Burned. Now it’s Juul’s Turn.
Thomas Cook Collapses, up to 600,000 Travelers Stranded in Hotel & Airline Chaos, Triggers “Biggest Peacetime Repatriation in UK History” by Nick Corbishley • Sep 23, 2019 • 72 Comments Rescue deal fell through at the last moment. China’s Fosun and other shareholders are toast. Creditors get to fight over the debris.
Interest Rate Derivatives Trading Explodes to $6.5 Trillion/Day by Nick Corbishley • Sep 19, 2019 • 19 Comments A gigantic spike in three years. The UK dominates.
WeWork IPO, the Straw that Breaks the Stock Market’s Back? Valuation Plunged by up to 79% by Wolf Richter • Sep 13, 2019 • 152 Comments “They’re Going to Screw Up the Market”: Jim Cramer, on the moment-of-truth effects of the WeWork IPO.
Who’ll Rescue Thomas Cook, the Collapsing Vacation-Travel-Airline Giant with 21,000 Employees? by Nick Corbishley • Sep 13, 2019 • 43 Comments Shareholders are already toast. Would China’s Fosun conglomerate follow the time-honored principle of throwing good money after bad?
Here Are Photos of Some of the Dilapidated Equipment San Francisco Wants to Buy from Bankrupt PG&E for $2.5 billion by Wolf Richter • Sep 9, 2019 • 148 Comments Californians have had it with PG&E, a convicted felon infamous for sacrificing safety, maintenance, reliability, and people to enhance “shareholder value.” But is San Francisco overpaying? Take a look.
