Numbers are in: Uber, Lyft v. Rental Cars & Taxis in the US in Q2 by Wolf Richter • Jul 29, 2018 • 94 Comments The ugly market-share battle in reimbursed ground transportation.
The Largest Ships in the Huge Iron-Ore Trade by MC01 • Jul 28, 2018 • 42 Comments Exports are dominated by two countries, imports by three. And everything revolves around China.
Banco Sabadell Begins to Pay the Price for TSB’s Self-Inflicted IT Fiasco by Don Quijones • Jul 27, 2018 • 20 Comments The horribly botched IT upgrade hits the income statement.
Chaos Erupts in Uber v. Taxi Drivers Turf War in Barcelona by Don Quijones • Jul 26, 2018 • 27 Comments The competitive advantage rideshare giants have over local taxi firms is their ability to burn cash, as investors eagerly subsidize each ride.
Carmageddon in Detroit by Wolf Richter • Jul 26, 2018 • 85 Comments GM, Fiat Chrysler, and Ford all got ugly in unison, in one day, something we haven’t seen since the Financial Crisis.
Oops, Facebook’s Market Cap Plunges by $143 Billion by Wolf Richter • Jul 25, 2018 • 144 Comments Throughout the scandals, Facebook was clad in Teflon and nothing mattered. But today, it mattered.
Spending on Housing Dropped 12% in Canada in June by Steve Saretsky • Jul 25, 2018 • 27 Comments The national slowdown was particularly unkind to the province of BC.
Biggest Apartment-Construction Boom-Towns Are Not What You May Think by Wolf Richter • Jul 24, 2018 • 62 Comments No, it’s not Seattle. Denver is by far #1. New York isn’t even in the top 25. And it explains why rents in Chicago are collapsing.
Results Are In: How Americans Faced the Equifax Hack where Personal Data of 45% of US Adults Were Stolen by Wolf Richter • Jul 24, 2018 • 55 Comments Now, 10 months later, do they even know about it? Don’t laugh….