Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss by Nick Corbishley • Jul 29, 2020 • 23 Comments Too-Big-To-Fail Santander is also one of Eurozone’s worst capitalized banks.
Going to Be Tough for Airlines, Full Recovery Moved to 2024: IATA by Wolf Richter • Jul 29, 2020 • 52 Comments International air passenger volume still down 96.8%.
Don’t Try This at Home? 60%-80% of Retail Traders, Depending on Broker, Lost Money Trading Forex CFDs by Wolf Richter • Jul 28, 2020 • 67 Comments An even greater share of retail traders lost money with these highly leveraged derivative contracts during the Pandemic than before.
Coal Consumption Plunged to Lowest Since at Least 1973. Why There’s No Hope for Coal by Wolf Richter • Jul 28, 2020 • 149 Comments It comes down to costs and being bypassed by technological innovation, amid stagnating demand for electricity
A Midsummer Nightmare for Tourism: UK, Other Countries Impose Quarantine Requirements on Returnees from Spain as Virus Cases Surge by Nick Corbishley • Jul 28, 2020 • 51 Comments Fresh Tsunami of Cancellations Washes Over Tourism-Dependent Spain amid Fears Borders Will Slam Shut Again.
Google Extends Work-from-Home to July 2021. Other Firms to Follow. Condo, Apartment, Office Markets in Silicon Valley, San Francisco, Manhattan to Take Further Hit by Wolf Richter • Jul 27, 2020 • 105 Comments Those markets are already getting hit.
THE WOLF STREET REPORT: Nobody Knows How to Ever Get Out of This Mess by Wolf Richter • Jul 26, 2020 • 236 Comments “Extend and Pretend” forevermore?
Coca-Cola Confronted by Big Problem in its Second Largest Market. For Once, Political Connections Failed. Oct 1 is the Date by Nick Corbishley • Jul 26, 2020 • 162 Comments Per-person consumption of soft drinks in Mexico is the highest in the world. But due to link of obesity to Covid deaths, sugary drinks face their nemesis.
Brick & Mortar Retailers, Malls, Mall-REITs, and their Debts: The Whole Schmear is Coming Apart by Wolf Richter • Jul 24, 2020 • 170 Comments There’s Just No Good Way Out.
Shift from Condos to Houses and from Big Cities to Suburbs? New House Sales Rose 6.9% fr. June Last Year, to Highest Level since July 2007 by Wolf Richter • Jul 24, 2020 • 131 Comments The evidence keeps piling up.
