Five-Digit Layoffs Are Here, the Big Ones We’ve Been Waiting for. But the Laid-Off People Are Scattered around the Globe by Wolf Richter • Nov 15, 2022 • 172 Comments Other companies are licking their chops at finally being able to hire tech workers.
Inflation Expectations Throw a Curveball by Wolf Richter • Nov 14, 2022 • 148 Comments This inflation continues to dish up surprises.
THE WOLF STREET REPORT: Where’s the Contagion from the Crypto Implosion? by Wolf Richter • Nov 13, 2022 • 208 Comments As the FTX collapse shows, the shenanigans guarantee smooth and efficient contagion inside the crypto zone. But beyond it?
Services Inflation Spiked to Second Highest in 4 Decades, Would Have Spiked to Highest, If Not Slowed by Biggest-Ever Mega-Adjustment of Health Insurance CPI by Wolf Richter • Nov 10, 2022 • 180 Comments But there won’t be an adjustment for the Fed-favored “core PCE” price index that will come out before the next Fed meeting.
Cryptos Plunge, Contagion Sweeps Across DeFi: Trying to Go to Heaven Together, End Up Going to Heck Together? by Wolf Richter • Nov 9, 2022 • 228 Comments Binance-FTX deal now in doubt after revelations of huge black hole and investigations by the SEC and CFTC.
What a Day for Imploded Stocks: Affirm, Upstart, CarGurus, Lyft, MicroStrategy, Robinhood, Coinbase, and a Crypto Meltdown by Wolf Richter • Nov 9, 2022 • 131 Comments When a crypto-meltdown collides with earnings reports.
Shares of AI-Powered Home-Flipper Disruptor-SPAC Opendoor Get Annihilated by Wolf Richter • Nov 8, 2022 • 89 Comments Another big investor that pulls back from the housing market: it’s now a net-seller.
Status of the Social Security Trust Fund, Income and Outgo: Fiscal 2022 by Wolf Richter • Nov 8, 2022 • 136 Comments Income jumped by $105 billion to a record $1.04 trillion as more people worked and earned higher wages, and contributed more.
Used-Vehicle Wholesale Prices Plunged, but Not Retail Prices; They’re Still in the Ridiculous Zone by Wolf Richter • Nov 7, 2022 • 109 Comments Buyers’ strike is in effect. Used vehicle retail sales drop, dealers sing the blues but don’t want to cut prices from their ridiculous levels.
Imploded Stocks of the Day: Carvana, Twilio, Atlassian, Cloudflare by Wolf Richter • Nov 6, 2022 • 203 Comments The free-money virus turned investors’ brains to mush. But the healing has started, interest rates are recovering, QT is here, and look what we got.
