NewZinoo: Wolf Street latest news

eco - Wolf Street - 6 hours ago

After Spiking by 2,600% or Whatever, Newsmax Stock Plunges 80%, Straight into our Imploded Stocks, All in 3 Days

For humans and AI trading the stock, it’s just a spectacularly fun video game. For observers, it proves this market is dangerously nuts.

eco - Wolf Street - 15 hours ago

Oh Elon! Tesla Deliveries Plunge as Musk Crushes One of the Most Successful Consumer Brands

Are they still selling any Cybertrucks?

eco - Wolf Street - 1 day ago

As Life Happens, “Locked-in” Homeowners Pay Off Below-4% Mortgages: Share Drops to 54%, Lowest since Q4 2020

Conversely, the share of 6%-plus mortgages outstanding surges to the highest since 2016.

eco - Wolf Street - 1 day ago

Not Another Free Lunch: Don’t Let Fannie and Freddie Turn Back into GSEs

“The risk is 99% public and the profit is 100% private.”

eco - Wolf Street - 1 day ago

Underlying Labor Market Dynamics Still Tight Despite Highest Gov Layoffs and Discharges since Census Wind-Down of 2020

Hiring Begins to Shift to Private-Sector where Hiring Jumped, while Hiring by Governments Slumped.

eco - Wolf Street - 2 days ago

Status of US Dollar as Global Reserve Currency: Central Banks Diversify into Other Currencies and Gold

The surge of the “nontraditional reserve currencies.”

eco - Wolf Street - 4 days ago

Could a Market Meltdown Trigger the Next Recession?

Wolf Richter with on Thoughtful Money.

eco - Wolf Street - 4 days ago

Bad Settlements Beat Good Lawsuits: A CRE Landlord, a Restaurant, and Commercial Rents that Plunged

Greed may not kill, but it does have a way of clouding one’s judgment.

eco - Wolf Street - 5 days ago

Inflation Galore Now: Fed Started Rate Cuts at the Low Point 6 Months Ago, just as Inflation Began to Resurge

Core PCE price index jumps MoM by most in 13 months on Non-Housing Services. Recreational Services blow out. Durable Goods continue 6-month trip out of deflation.

eco - Wolf Street - 6 days ago

US Government Fiscal Mess: Debt, Deficit, Interest Payments, and Tax Receipts: Q4 2024 Update on an Ugly Situation

The Deficit-to-GDP ratio and Debt-to-GDP ratio get even uglier.

eco - Wolf Street - 6 days ago

In the South and West, Pending Sales of Existing Homes Mark Worst February in the Data, as Inventories in Florida, Texas, California Surge

Frozen sales meet ballooning inventories.

eco - Wolf Street - 7 days ago

Home Buyers Still on Strike, Waiting for Lower Prices, Lower Rates, and Higher Incomes

Demand for mortgages to purchase a home has plunged by nearly double the rate of sales of existing homes.

eco - Wolf Street - 8 days ago

New “Spec” Houses for Sale Jump 34% YoY, Highest since 2009. In the South, Inventory of New Houses at Record Highs for Months, in the West Jump to Highest since 2007

Bring on the new houses! Prices drop amid homebuilders’ efforts to sell the inventory.

eco - Wolf Street - 8 days ago

In the West, Inventory of New Houses for Sale Jumps to Highest since 2007. In the South, it’s Bigger than During Housing Bust

Bring on the supply of new houses! Prices drop, as homebuilders try to sell the inventory, but are still far too high.

eco - Wolf Street - 9 days ago

SPAC Implosion Keeps on Giving: Genetic Data of 15 Million Customers up for Grabs at 23andMe Bankruptcy Auction

California Attorney General urges Californians to direct 23andMe to delete their genetic data and samples.

eco - Wolf Street - 9 days ago

Services Activity Jumps in March, Cost Pressures from Tariffs and Staffing Well Up

But “competition limited the pass-through of higher costs to selling price … which will harm profits.”

eco - Wolf Street - 11 days ago

Treasury Yield Curve Re-Inverts with Sag in the Middle, as Government Swats Down 10-Year Yield. But Mortgage Rates Don’t Follow all the Way, Spread Widens

Short-term Treasury yields of 6 months or less stay put above 4%.

eco - Wolf Street - 12 days ago

Fed’s Operating Losses Declined to $78 Billion in 2024, “Unrealized Losses” Rose to $1.06 Trillion

QE has produced years of hangover.

eco - Wolf Street - 13 days ago

Where Condos Already Came Unglued: 10 Big Cities with Price Drops from 10% to 22% from Peak

Austin, Oakland, San Francisco, Detroit, New Orleans, Jacksonville, Denver, Portland, Seattle, Mesa. Tampa is almost there, as are other markets.

eco - Wolf Street - 13 days ago

Buyers Strike Not Letting Up: Sales of Existing Homes Have Worst February since 2009, as Inventory Surges

Too-high prices trigger demand destruction, market freezes.

eco - Wolf Street - 14 days ago

Fed Sticks to Wait-and-See, Sees Only 2 Cuts in 2025, “Dot Plot” Shifts Hawkish amid Rising Inflation and “Uncertainties.” Slows Treasury QT, Maintains MBS QT

"Dot plot": 8 of 19 participants see either no cut or just 1 cut in 2025.

eco - Wolf Street - 15 days ago

Who Holds the Ballooning US Government Debt, even as the Fed and Foreign Holders Unloaded Treasury Securities in Q4?

An increasingly important question in iffy times. Here are the holders as of Q4, who dumped, who bought.

eco - Wolf Street - 15 days ago

Not Just in the US: Inflation Dishes Up Another Nasty Surprise in Canada, Throwing Further Rate Cuts into Doubt

But it’s not in housing; it’s spread across much of the economy. And it’s not just the end of the temporary GST (goods and service tax) holiday.

eco - Wolf Street - 16 days ago

Retail Sales in February Were Confusing

Ecommerce sales jumped. General merchandise retailers, supermarkets, etc., booked solid gains. Lower prices cut gasoline and auto sales. But restaurants?

eco - Wolf Street - 16 days ago

The Most Splendid Housing Bubbles in America, Feb 2025: The Price Drops and Gains of 33 Largest Costliest Housing Markets

Below 2022 highs: Austin, San Francisco, Phoenix, San Antonio, Denver, Sacramento, Dallas-Ft. Worth, Portland, Salt Lake, Seattle, Tampa, Raleigh, Houston, Atlanta, Charlotte, Nashville, Las Vegas, Minneapolis, Orlando…

eco - Wolf Street - 19 days ago

Will Economic Detox Lead to a Recession? Maybe Not. But a Long Deep Stock Market Rout Will (See Dotcom Bust)

“We’re focused on the real economy,” Bessent said. “Ouch,” stocks said. Where did the Trump put go?

eco - Wolf Street - 20 days ago

Money Market Funds and CDs: Americans’ $11-Trillion in Cash, Not Trash, Much of it Still Earning 4%+

Tsunami of cash is still washing over money market funds. But banks’ fight for deposits is over.

eco - Wolf Street - 20 days ago

It’s Again the Hefty Up-Revisions that Heat PPI Inflation: Been Happening Month after Month

January was up-revised to worst increase since August 2023, PPI inflation doubling in 12 months. February unchanged, waiting for up-revision.

eco - Wolf Street - 21 days ago

Beneath the Skin of CPI Inflation: Pace Slows from Spike Last Month, but 6-Month CPI Accelerates Further, Worst Increase since September 2023

Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge.

eco - Wolf Street - 22 days ago

Kohl’s Spirals into Brick-and-Mortar Meltdown, Blames “Constrained” Consumers, but it’s Just Losing them to Ecommerce, which is Booming

The stock plunged 24% today to lowest since 1997, down 89% from peak, and has joined our Imploded Stocks.

eco - Wolf Street - 22 days ago

Labor Market Dynamics Tighten Further. Job Openings, Quits, Hires Rise, Layoffs and Discharges Drop, Back Fed’s Wait-and-See

The low point was in September. The Fed faces a scenario of re-accelerating inflation amid a retightening labor market.

eco - Wolf Street - 23 days ago

Price of Natural Gas Futures Up 140% Year-over-Year: One More Reason for Inflation to Not Back off Easily

Natural gas accounts for 42% of electricity generation. It’s feedstock for fertilizers. It’s widely used for heating. And 19% was exported in 2024.

eco - Wolf Street - 25 days ago

Why the Fed Considers “Pausing or Slowing” QT “Until the Resolution of the Debt Ceiling Situation”

The minutes mentioned it. New York Fed’s Perli added some background. The Fed will likely provide details at its March meeting.

eco - Wolf Street - 26 days ago

Federal Government Layoffs and Quits Begin to Show up in the Jobs Data, Barely Dent Solid Labor Market

Civilian employment at the federal government accounts for less than 1.9% of total payrolls.

eco - Wolf Street - 27 days ago

Fed Balance Sheet QT: -$54 Billion in February, -$2.21 Trillion from Peak, to $6.76 Trillion, Lowest since May 2020

Quantitative Tightening has shed 25% of total assets from peak and 46% of pandemic QE.

eco - Wolf Street - 27 days ago

Explosion of Imports Causes Trade Deficit to Spike by 96% in January YoY on Tariff Front-Running

Surge of imports not a sign of weak demand, on the contrary, but imports deduct from GDP.

eco - Wolf Street - 28 days ago

Is This the Beginning of the Second Wave of Inflation?

Companies can’t pass on those higher prices? What a bummer. But if they can without losing sales, it’s off to the races. See 2021/2022.

eco - Wolf Street - 29 days ago

U.S. Demand for Gasoline Faces Long-Term Structural Problem: Plunging Per-Capita Consumption

Even as miles driven inched to a record and the population surged, gasoline consumption in 2024 was where it had been 20 years ago.

eco - Wolf Street - 30 days ago

U.S. Production and Exports of Crude Oil and Petroleum Products Hit New Record in 2024, Imports Dipped Further, SPR Refilling Halted in February

The new mantra among frackers: "Discipline" to not trigger another oil-price collapse through overproduction. Drill Baby Drill, but not too fast.

eco - Wolf Street - 30 days ago

New York Fed’s Measure of “Inflation Persistence” Nixes Friday’s Idea that YoY PCE Inflation Cooled, Using Same Data

The game of inflation Whack-A-Mole: price pressures shifted from housing to non-housing services and core goods.

eco - Wolf Street - 31 days ago

For humans and AI trading the stock, it’s just a spectacularly fun video game. For observers, it proves this market is dangerously nuts.

Are they still selling any Cybertrucks?

Conversely, the share of 6%-plus mortgages outstanding surges to the highest since 2016.

“The risk is 99% public and the profit is 100% private.”

Hiring Begins to Shift to Private-Sector where Hiring Jumped, while Hiring by Governments Slumped.

The surge of the “nontraditional reserve currencies.”

Wolf Richter with on Thoughtful Money.

Greed may not kill, but it does have a way of clouding one’s judgment.

Core PCE price index jumps MoM by most in 13 months on Non-Housing Services. Recreational Services blow out. Durable Goods continue 6-month trip out of deflation.

The Deficit-to-GDP ratio and Debt-to-GDP ratio get even uglier.

Frozen sales meet ballooning inventories.

Demand for mortgages to purchase a home has plunged by nearly double the rate of sales of existing homes.

Bring on the new houses! Prices drop amid homebuilders’ efforts to sell the inventory.

Bring on the supply of new houses! Prices drop, as homebuilders try to sell the inventory, but are still far too high.

California Attorney General urges Californians to direct 23andMe to delete their genetic data and samples.

But “competition limited the pass-through of higher costs to selling price … which will harm profits.”

Short-term Treasury yields of 6 months or less stay put above 4%.

QE has produced years of hangover.

Austin, Oakland, San Francisco, Detroit, New Orleans, Jacksonville, Denver, Portland, Seattle, Mesa. Tampa is almost there, as are other markets.

Too-high prices trigger demand destruction, market freezes.

"Dot plot": 8 of 19 participants see either no cut or just 1 cut in 2025.

An increasingly important question in iffy times. Here are the holders as of Q4, who dumped, who bought.

But it’s not in housing; it’s spread across much of the economy. And it’s not just the end of the temporary GST (goods and service tax) holiday.

Ecommerce sales jumped. General merchandise retailers, supermarkets, etc., booked solid gains. Lower prices cut gasoline and auto sales. But restaurants?

Below 2022 highs: Austin, San Francisco, Phoenix, San Antonio, Denver, Sacramento, Dallas-Ft. Worth, Portland, Salt Lake, Seattle, Tampa, Raleigh, Houston, Atlanta, Charlotte, Nashville, Las Vegas, Minneapolis, Orlando…

“We’re focused on the real economy,” Bessent said. “Ouch,” stocks said. Where did the Trump put go?

Tsunami of cash is still washing over money market funds. But banks’ fight for deposits is over.

January was up-revised to worst increase since August 2023, PPI inflation doubling in 12 months. February unchanged, waiting for up-revision.

Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge.

The stock plunged 24% today to lowest since 1997, down 89% from peak, and has joined our Imploded Stocks.

The low point was in September. The Fed faces a scenario of re-accelerating inflation amid a retightening labor market.

Natural gas accounts for 42% of electricity generation. It’s feedstock for fertilizers. It’s widely used for heating. And 19% was exported in 2024.

The minutes mentioned it. New York Fed’s Perli added some background. The Fed will likely provide details at its March meeting.

Civilian employment at the federal government accounts for less than 1.9% of total payrolls.

Quantitative Tightening has shed 25% of total assets from peak and 46% of pandemic QE.

Surge of imports not a sign of weak demand, on the contrary, but imports deduct from GDP.

Companies can’t pass on those higher prices? What a bummer. But if they can without losing sales, it’s off to the races. See 2021/2022.

Even as miles driven inched to a record and the population surged, gasoline consumption in 2024 was where it had been 20 years ago.

The new mantra among frackers: "Discipline" to not trigger another oil-price collapse through overproduction. Drill Baby Drill, but not too fast.

The game of inflation Whack-A-Mole: price pressures shifted from housing to non-housing services and core goods.

Prices rose from the collapsed levels in the prior year and are back where they’d been in 1996, down by 70% from the peak in 2005.