Yuan Devaluation Triggers Exodus of Wealthy Chinese, US West Coast Primary Target by Wolf Richter • Oct 31, 2016 • 63 Comments These are their Top Ten financial-escape cities in the US and globally.
Worrying Signs in the Oil Markets by Oilprice.com • Oct 31, 2016 • 29 Comments It doesn’t make for a rosy outlook.
Here’s What’s Booming: $6.6 Billion Plowed into 2016 Election by Wolf Richter • Oct 30, 2016 • 69 Comments Who are the top 10 donor families? “Familiar names…”
Italy’s Banking System on Verge of Nervous Breakdown by Don Quijones • Oct 30, 2016 • 22 Comments The “Doom Loop” resurges.
EVs will Crush Jobs in Auto Manufacturing, VW Warns by Wolf Richter • Oct 28, 2016 • 133 Comments A global shift.
Next Step in “Irreversible Decline”? Exxon Books 38% Lower Earnings, Blames Refining Margins by Irina Slav • Oct 28, 2016 • 8 Comments The trouble with Big Oil.
What’s Really Different this Time: Business Investment Drops to Lowest September since 2010 by Wolf Richter • Oct 27, 2016 • 39 Comments Why is this economy not yet in an official recession?
Next “Bad Bank” to IPO in Spain, after 2 Prior IPOs Imploded by Don Quijones • Oct 27, 2016 • 12 Comments Who Will Be the Bag Holders?
Google Fiber Lays Off 9%, “Pauses” Expansion, as Alphabet Cracks Down on Costs, Division CEOs Quit by Wolf Richter • Oct 26, 2016 • 65 Comments Third CEO of an Alphabet division to leave since June.
Herd Behavior: Why Lack Of Patience Could Spark Argentina’s Next Crisis by Bianca Fernet • Oct 26, 2016 • 24 Comments Time, that fickle mistress, is persistently stalking Macri’s administration and is not on his side.