Nuclear’s Demise Continues: Another Huge Project Cancelled by Leonard Hyman and Willian Tilles • Aug 3, 2017 • 55 Comments Billions in cost overruns. Years behind schedule. Westinghouse bankruptcy didn’t help.
Mega-Banks Blow 100% of Earnings on Share-Buybacks & Dividends, Crimp Lending, Constrain Economy by Wolf Richter • Aug 2, 2017 • 94 Comments “Real economy has little to gain, and much to lose”: FDIC’s Hoenig to Senate.
As Car Sales Plunge, Auto Dealers are Not Amused by Wolf Richter • Aug 2, 2017 • 55 Comments Automakers’ efforts are “chaotic for retailers and confusing for consumers.”
Carmageddon for Hyundai, GM, Chrysler, Ford by Wolf Richter • Aug 1, 2017 • 76 Comments But not every automaker got crushed.
The Dark Underbelly of Spain’s Jobs Recovery by Don Quijones • Aug 1, 2017 • 55 Comments Where Did All the Workers Go?
Hertz “RESCINDED” Fake Promises to Investors, Shares plunge by Wolf Richter • Aug 1, 2017 • 66 Comments It didn’t even bother explaining why. Investors are left to their own devices to figure it out.
Brick & Mortar Retail Meltdown Fueled by Asset Stripping. Details Emerge in Bankruptcy Courts by Wolf Richter • Jul 31, 2017 • 59 Comments PE firms win again. Stiffed creditors not amused in bankruptcy court.
Over-Storing America by John McNellis • Jul 31, 2017 • 49 Comments That retail is overbuilt is obvious to anyone who has driven 20 miles in America. Less obvious is the why of over-building.
Uber, Lyft Mangle Rental Cars & Taxis. Other Sectors Next by Wolf Richter • Jul 30, 2017 • 56 Comments But Uber’s growth among business travelers got lumpy.
Leaked: EU Plans to Freeze Deposits to Prevent Bank Runs by Don Quijones • Jul 30, 2017 • 104 Comments Desperate Times, Desperate Measures.
