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BREAKING 🚨: German Home Prices German Home Prices fell by 10.2% during the 3rd quarter, the largest decline ever recorded pic.twitter.com/AxFczLZ3JL — Barchart (@Barchart) January 14, 2024
BREAKING: Blackrock will be laying off 600 employees, mostly from the ESG division. ESG global investments collapsed by $5 trillion in just 2 years. ESG is the system used by Blackrock and Vanguard to blackmail companies into adopting woke practices. …
The latest ISM report reveals concerning figures as New Orders and Prices Paid fall below expectations, signaling continued manufacturing contraction for 14 consecutive months. ISM subindices: New Orders comes in far below expectations at 47.1, falling from 48.3. Bloomberg surveys …
by confoundedinterest17 US factory orders are back in red. Factory orders tumbled even more than expected, down 3.6% MoM – the biggest drop since the COVID lockdowns (April 2020). September was also revised lower (making October’s decline even worse) from +2.8% MoM to …
In a harrowing turn, new home prices have plummeted by a staggering 18%, marking the most significant annual decline on record, surpassing even the depths of the 2008 financial crisis. The grim reality intensifies as builders face a crisis, with …
Walmart ($WMT) experiences an 8% decline as CFO expresses concern over October trends, prompting a reevaluation of consumer health. The retail giant notes a significant sales drop in the last two weeks of October, and management remains cautious, acknowledging ongoing …
Recent reports have sparked concerns as multiple indicators paint a grim picture for the economy. In line with JP Morgan’s data, hedge funds are observed to be drastically reducing their long exposure, reflecting an unprecedented level of caution in financial …
by DAVID HAGGITH Photo by Maxim Hopman on Unsplash Stocks and bonds continued their race downhill today (bond prices down/yields up) with the S&P busting down and holding below 4200 for the first time since last spring, and the NASDAQ jolting down 2.4% …
Samsung Electronics earnings are expected to plunge nearly 80% in the third quarter, according to analyst forecasts. Analysts see its semiconductor business — typically Samsung’s cash cow — reporting a more than 3 trillion won ($2.2 billion) loss for the …
Interest rates on bank deposits are reaching rock bottom, with major banks offering meager rates like Wells Fargo at 0.15%, Citibank at 0.05%, Chase, Bank of America, and US Bank all hovering at a mere 0.01%. In contrast, alternatives to …
Financial markets ponder the prospect of a fresh inquiry at the company, still yet to get to grips with huge financial problems that have sparked a series of defaults on its debts. Shares in crisis-hit China Evergrande have plunged by …
The rig count is still in plunge mode… *A cumulative $4.9T of investments in global upstream oil and gas are needed by 2030 to meet market needs and prevent a supply shortfall" —International Energy Forum (IEF) and S&P Global Commodity …
Yesterday we reported that the price of oil jumped to the second highest level of 2023 amid plunging US inventories… … and news that Russia had agreed to further oil export cuts. Today, West Texas Intermediate extended its gain, surging another $2 to $85.55 and hitting …
Risk on due to recession fears… h/t inWineVerit4x
by confoundedinterest17 The wheels are coming off the Bidenomics recovery. US job openings (JOLTS) keep declining as The Fed withdraws its Covid sugar splash of monetary stimulus and raise The Fed’s target rate. For those enthralled by the narrative that …
by Chris Black Do Chinese government officials own a large chunk of Tesla stock? Something is fishy with the numbers when all other data points show a drop in overall sales outside Tesla. The… Continue reading by subscribing. Username Password …
by confoundedinterest17 Bidenomics? Yes, an economy where inflation crushes the middle class and low wage workers with 2 years of negative wage growth and now 24 or the last 25 months of negative growth rates of Pending Home Sales YoY. …
All 23 US banks that participated in a new Federal Reserve stress test would be able to withstand a severe global recession, demonstrating the strength of the biggest financial institutions at a time when the banking industry still is on …