The Fed is now expected to start cutting rates in early 2024, according to market pricing. Cap too optimistic?
by betsharks0 Didn’t they literally say no rate cuts before 2025?
cutting
Cable TV Companies Are Losing Over 20,000 Subscribers Every Day As Cord Cutting Grows
So far, 2023 was not very nice to cable TV companies. They lost a total of 1,820,943 subscribers in just the first 91 days of 2023. That works out to be over 20,000 subscribers every day. This comes from the Leichtman Research Group, which tracks the cable TV and streaming markets. If that trend continues, …
Subprime lenders cutting off dealers as auto loan delinquency rates rise
Automotive Credit Corp, a subprime lender, has begun cutting off select car dealers due to “ongoing concerns regarding adverse market conditions” This is exhausting — Car Dealership Guy (@GuyDealership) July 6, 2023 Serious Auto Loan Delinquency among people under the age of 30 is approaching Global Financial Crisis levels pic.twitter.com/gUIWILJ1sQ — Barchart (@Barchart) May 31, …
Oversupply of vehicles leads to manufacturers cutting prices, with 5 million unsold cars causing a drop.
“Car prices are about to drop, an oversupply of vehicles will lead to manufacturers slashing prices. There are too many cars and not enough buyers. UBS reports that the production of cars is outpacing sales by 6%, this leaves about 5 million cars just sitting around, unsold. To sell these cars, manufacturers might have to …
NYC Mayor Eric Adams is considering cutting public services to allow migrants to stay in hotels free of charge.
Report: NYC Mayor Eric Adams to Cut Services for New Yorkers So Migrants Can Stay in Hotels Free of Charge New York City Mayor Eric Adams (D) is set to funnel billions in local taxpayer money to the powerful hotel industry, providing more than 140 hotels with multi-million contracts to house newly arrived border crossers …
The Los Angeles Times is cutting 74 positions in the newsroom due to economic pressures.
Los Angeles Times to cut 74 newsroom positions amid advertising declines. The Los Angeles Times is cutting its newsroom staff, becoming the latest news organization to contract amid economic pressures brought on by advertising and print readership declines. The Times is eliminating 74 positions in the newsroom, representing about 13% of the total. Full-time and temporary …
You know the economy is horrible when millionaires delay buying cars and plan on cutting their travel expenses
via CNBC: Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Millionaire Survey. More than a third of millionaire investors, 34%, report keeping more of their money in cash, according to the survey, which surveys households with $1 million or …
Banks are cutting losses on real estate loans due to higher interest rates, leading to a potential financial crisis. Vacancy rates on office space across the U.S has hit a record +16%.
Some US banks are preparing to sell off property loans at a discount even when borrowers are up to date on repayments, a sign of their determination to reduce exposure to the teetering commercial real estate market, per FT. — unusual_whales (@unusual_whales) June 6, 2023 Good Morning Everyone! Delinquencies spiked in May on mortgage bonds …
Saudi Arabia cutting 1,000,000 barrels of oil per day…. but oil prices are in a clear downward trend.
*SAUDI PLANS NEW OIL CUTS AS PART OF OIL DEAL It’s important to note here that every Saudi cut = loss of market share + subsidy for other producers Saudi’s tried this up until 2015 to support prices until they realized they were losing huge mkt share & opened flood gates pic.twitter.com/fqkZXSTiXe — Adem Tumerkan …