EVs remain in high demand in large cities like Beijing and Shanghai. combined to for 55% of the EV market in March. US-listed Chinese EV startups Li Auto Inc., Nio Inc. combined for sales of just 46,000 cars. And while domestic Read more…
But, stock markets are discounting machines. In fact, they represent one of the best leading indicators for economic activity and company performance we track. Meanwhile, the underperformance in IPOs and SPACs is a signal that the excessive liquidity provided by Read more…
Powell's “60 Minutes” Preview: “The Economy Seems To Be At An Inflection Point” A little over ten years after formed Fed Chair told 60 Minutes host Scott Pelley that “we could raise interest rates in 15 minutes if we have Read more…
Earlier this month, not one but two DAOs were formed by groups of individual investors-on the fly-with the express purpose of acquiring specific NFTs that would otherwise have been out of their price range. One EulerBeats NFT sold for more Read more…
Small Business Closures Soar Back Near Pandemic Peak As “Financial Hopelessness” Builds Despite trillions in Fed “stimulus” and endless government handouts, John Stanford, co-executive director of the Small Business Roundtable, told CNBC this week that “it continues to be a Read more…
For Freight By Zach Strickland of FreightWaves, The Inbound Ocean TEU Volume Index (IOTI), which measures maritime bookings for twenty-foot equivalent units for US imports, is set to hit an all-time high this week. The IOTI starts in January 2019 Read more…
“Horror On St Vincent” – Only Vaccinated Evacuees Able To Flee Amid Fears Of Next Big Volcanic Eruption Only people who are vaccinated can evacuate on cruise ships as the La Soufriere volcano on the eastern Caribbean island of St. Read more…
More than 9% of subprime auto borrowers were more than 60 days past due in the fourth quarter, the highest quarterly figure in data going back to 2005. I think right now there might be 10. Toyota sold 603,066 vehicles Read more…
1.3 Million Clubhouse Users Data Leaked Online Just as the social media app Clubhouse is in talks to raise more funding with a mindblowing $4 billion valuation, it appears the social media platform has been the victim of a hack. Read more…
Amazon Borrows From FedEx Playbook To Smoke Union Drive In Bessemer By Mark Solomon of FreightWaves, There is no love lost between Jeff Bezos and Fred Smith, given the unpleasant break- up of their companies' shipping marriage in 2019. Other Read more…