Author: Wolf Richter

#TheZooHasGoneNuts: Kodak — after Crypto-Scheme in 2018 Caused Shares to Surge 300% Before Recrashing — Gets Trump-Pump Worth 2,190% Before Recrashing

#TheZooHasGoneNuts: Kodak — after Crypto-Scheme in 2018 Caused Shares to Surge 300% Before Recrashing — Gets Trump-Pump Worth 2,190% Before Recrashing Insiders front-run the announcement. Locust-swarms of Robinhood traders pile on top. Taxpayers brace themselves. Shaking my head while holding...

Google Extends Work-from-Home to July 2021. Other Firms to Follow. Condo, Apartment, Office Markets in Silicon Valley, San Francisco, Manhattan to Take Further Hit

Google Extends Work-from-Home to July 2021. Other Firms to Follow. Condo, Apartment, Office Markets in Silicon Valley, San Francisco, Manhattan to Take Further Hit Those markets are already getting hit. By Wolf Richter for WOLF STREET: Alphabet, the parent company of Google, which...

Media Continues to Misreport Unemployment: 31.8 Million People on State & Federal Unemployment Insurance. Week 18 of U.S. Labor Market Collapse

Media Continues to Misreport Unemployment: 31.8 Million People on State & Federal Unemployment Insurance. Week 18 of U.S. Labor Market Collapse I get tired of reporters or bots who don’t read beyond the 2nd paragraph of Labor Department press releases....

“Demand to Remain Suppressed” till Vaccine/Treatment Widely Available: United Airlines. May Not Happen till Late 2021 “or Even Later”: Health Care Leaders

“Demand to Remain Suppressed” till Vaccine/Treatment Widely Available: United Airlines. May Not Happen till Late 2021 “or Even Later”: Health Care Leaders Flattened-out fish-hook-shaped recovery of demand? By Wolf Richter for WOLF STREET. Passenger revenues collapsed by 94% to just $681 million, United...

Recovery of Collapsed Air Passenger Traffic in the US Backtracks

Recovery of Collapsed Air Passenger Traffic in the US Backtracks Confirming early warnings by United and Delta of re-declining ticket sales. V-Recovery has to wait in line. Airline shares down 3.7% intraday. By Wolf Richter for WOLF STREET. TSA checkpoint screenings, which track...