Rideshare companies have forced a revolution on ground transportation for business travelers that has crushed taxis and rental cars. At first it was just Uber. But then Lyft came along and ate into Uber’s share....
Previously super-enthusiastic retail investors don’t like what they’ve been seeing in the stock market since January. That’s clear from TD Ameritrade’s Investor Movement Index, which dropped another 12% in March, after having plunged 23% in February,...
What will finally pull the rug out from under the dollar’s hegemony? The euro? The Chinese yuan? Cryptocurrencies? The Greek drachma? Whatever it will be, and however fervently the death-of-the-dollar folks might wish for it, it’s not...
Shares of Micro Focus plunged 47% at the moment on the New York Stock Exchange and closed down 46% on the London Stock Exchange — six months after the company had completed the $8.8 billion...
With all this wailing in the media about stocks, you’d think there’s at least some blood in the streets. But no. Not a drop. The Dow fell 4.6% today to 24,345. This 1,175-point drop, as...
While everyone is trying to figure out how to twist the new tax cut to their advantage and save some money, the US Treasury Department just announced how much net new debt it will have...
One of the big forces in the brick-and-mortar retail meltdown are private equity firms that acquired retail chains via leveraged buyouts during the LBO boom before the Financial Crisis or more recently. Numerous of those...
It’s Friday, and another Russian bank gets taken over and most of its creditors get bailed out by the Central Bank, this time the 10th largest bank in Russia, Promsvyazbank – with the top six...
The Financial Crisis in the US was a consequence of too much debt and too much risk, among numerous other factors, and the whole house of cards came down. Now, after eight years of experimental...
Manheim, the world’s largest wholesale auto-auction company, reported that prices of used vehicles that went through its auctions jumped again in October. Its Used Vehicle Value Index – which is adjusted for mix, mileage, and...
Snap Inc., the parent company of Snapchat, reported late Tuesday that its revenues in the third quarter rose 62% from a year ago, to $208 million, while its net loss more than tripled to $443 million. How?...
There are a lot of them. It’s called “crisis” for a reason. What is the most severely unaffordable housing market in North America as measured by local household incomes in relationship to local home prices?...
