German factories face steep collapse, industrial orders tumble 2.9 percent

German manufacturing didn’t falter, it imploded, and the numbers are not merely weak, they reveal deep structural decay. July’s industrial orders fell by 2.9 percent after an expected gain of 0.5 percent. June’s numbers were quietly revised downward, and the year-on-year decline reached 3.4 percent. The system is failing. The decline spreads across sectors and …

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Oil prices tumble as Iran fears ease, yen weakens after Japan polls

Oil prices tumbled Monday with markets relieved that Israel’s strikes on Iran had avoided the country’s energy infrastructure while the yen fell to a three-month low after Japan’s ruling party suffered an election drubbing. Israel carried out air strikes on military sites in Iran on Saturday in response to Tehran’s October 1 missile barrage, itself …

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China’s home prices fall the most on record! Chinese stocks tumble into correction

🇨🇳 China’s home prices fall the most on record! Chart: @Bloomberg pic.twitter.com/cKQK5YGVOh — Alex Joosten (@joosteninvestor) October 17, 2024 It was the top: Chinese stocks tumble into correction, down 15% since Cramer said "you have to come in China stocks right now" https://t.co/Gfk0e9BBeK pic.twitter.com/3D1QSu2CQB — zerohedge (@zerohedge) October 17, 2024 🇨🇳🌍 China equities continue their …

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CrowdStrike shares tumble as fallout from global tech outage continues

Guggenheim Securities analysts downgraded CrowdStrike stock, saying signings could be affected after Friday’s widespread outage of Windows computers stemming from a faulty CrowdStrike software update. Over the weekend, people posted photos of Windows devices that still needed attention. CrowdStrike shares slipped 13% during Monday’s trading session, as the cybersecurity software company continued to help clients …

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Job openings plummet 42% in 2 years in world’s 5th largest economy.

https://twitter.com/GayBearRes/status/1802451948626415808 The number: California is suffering from the nation’s second-biggest drop in job openings since the Federal Reserve began hiking interest rates two years ago. The source: My trusty spreadsheet looked at job openings for the 50 states and Washington, D.C., for March – the latest available – and compared them with March 2022. The why: The Fed …

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JPMorgan warns S&P 500 could tumble 20% by the end of the year; Jamie Dimon has urged the U.S. to deal with its deficit sooner rather than later

The U.S. stock market soared to a new record high over the past week, but there may still be trouble on the horizon, according to JPMorgan analysts. The forecast from JPMorgan’s chief market strategist Marko Kolanovic is one of the most pessimistic on Wall Street. He and his peers see the S&P 500 ending the …

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Existing Home Sales Unexpectedly Tumble As Homebuyer Confidence Hits Record Low (DOWN -1.9% YoY)

by confoundedinterest17 After (unexpectedly) tumbling in March, existing home sales were expected to rise modestly (+0.8% MoM) in April. Analysts were wrong as March’s data was revised marginally up from -4.3% MoM to -3.7% MoM and April printed -1.9% MoM (a big miss). That left existing home sales down 1.9% YoY… Source: Bloomberg That pushed the …

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Bidenomics Strikes Again! US Existing Home Sales Tumble To Weakest In 13 Years (First-Time Buyers Historical Lows)

by confoundedinterest17 Bidenomics strikes … again. No, not his inane ramblings about Hamas being “the other team” or that Hamas has to learn to shoot straight. But his policies freezing effects on the economy. Like housing. Existing-home sales faded in September, according to the National Association of REALTORS®. Among the four major U.S. regions, sales rose …

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Living La Vida Biden! US Existing Home Sales DOWN -23.16% YoY In May As Fed Pauses And Prices Tumble Most Since 2011 (Inventory For Sale STILL Missing In Action)

by confoundedinterest17 Like a bad good news, bad news joke, the good news is that US existing home sales ROSE 0.2% in May. The bad news? Existing home sales are DOWN -23.16% on a year-over-year basis. And the median price of existing home sales fell -3.44% YoY as inventory for sales remains missing in action …

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