UK’s Nuclear Future Threatened by Chinese Espionage, Brexit by Gregory Brew • Aug 15, 2016 • 11 Comments The drama of the stalled nuclear facility grew more Shakesperean, with the Chinese partner now under investigation in the US for espionage.
Goldman Sachs, Morgan Stanley, JPMorgan, “Other Banks” Ask Fed to Let them Dodge the Volcker Rule till 2022 by Wolf Richter • Aug 13, 2016 • 9 Comments Hidden behind the Fed’s flip-flop theatrics about raising rates.
Get Ready for More OPEC Rumors this Month by Oilprice.com • Aug 13, 2016 • 9 Comments Oil Soars as Saudi Energy Minister Uses Oldest Trick: Talking his Book.
Nightmare at the Mall: Brick-and-Mortar Retail Totally Loses it by Wolf Richter • Aug 12, 2016 • 71 Comments Stunning acceleration of a trend.
Saudi Arabia about to Buckle in Oil Price War? by Contributor • Aug 12, 2016 • 16 Comments Weak GDP growth, higher fees and taxes, unable to pay its workers, leaving thousands from South Asia stranded. But… “Things are very fine.”
Big Unwind Begins in San Francisco, Miami, New York, Houston: Rents in “Primary Markets” Sunk by Apartment & Condo Glut by Wolf Richter • Aug 11, 2016 • 56 Comments Soaring rents have hit the wall of reality.
Profits Plunge, Sales Drop at Macy’s. Slashes Jobs, Closes Stores. Stock Jumps 18% by Wolf Richter • Aug 11, 2016 • 63 Comments Brick-and-mortar retail sinks artfully into coma.
Wendy’s CEO Blames Rising Inflation, Falling Wages, Election Mayhem for Restaurant Sector “Slowdown” by Wolf Richter • Aug 10, 2016 • 62 Comments Restaurants are a leading indicator of the economy into a downturn.
When Will the Record Corporate “Debt Binge” Collapse? by Wolf Richter • Aug 10, 2016 • 23 Comments “This year is unlike anything ever seen in the history of finance.”
This is When the Jobs “Recovery” Goes KABOOM by Wolf Richter • Aug 9, 2016 • 45 Comments A peculiar phenomenon has set in.
