By Tyler Durden, Gordon Johnson of GLJ Research is out with a note on Wednesday morning stating that Tesla missed the consensus estimate of 57,800 sales in China for November. His note says that CPCA data reported that Tesla posted sales of 52,859 units, which break down to 31,732 domestic deliveries and 21,127 vehicles made in China […]

By Tyler Durden, The global energy crisis continues to worsen with its latest victim Singapore. Power prices in the Southeast Asian country saw a dramatic surge in wholesale power prices. According to Bloomberg, provisional Uniform Singapore Energy Price jumped S$4,499 ($3,293) per megawatt-hour, the highest on record or about a 1,290% jump in the last few […]

By Tyler Durden,   Global food inflation continues to rise for the fourth consecutive month in November, reaching levels not seen in a decade, led mainly by robust demand for wheat and dairy products, according to a new report via the Food and Agriculture Organization of the United Nations (FAO). FAO’s food price index, which tracks monthly […]

By Tyler Durden, Did Buzzfeed’s union of overpaid and under-worked digital media workers help to drive away investors in the SPAC that was supposed to take the flailing digital media company public? Yesterday, members of the Buzzfeed union walked off the job to protest what they claimed was the company’s refusal to discuss a fair […]

By Tyler Durden, Update (1420ET): Reports that the Omicron variant has arrived in the US sent stocks and bond yields legging further down… The Dow and Nasdaq just joined Small Caps in the red for the day… And 30Y Yields are down 8bps from their intraday highs, back at yesterday’s lows… That is the lowest […]

By Tyler Durden, After Janet Yellen warned markets a month and a half ago that the US could run out of cash as soon as December 15, analysts did some math and found that this warning seems to be a “conservative estimate” with Goldman estimating that the Treasury can probably maintain at least a $50BN cash balance — the […]

By Tyler Durden, And just like that, it was gone… Nasdaq has roared back from its Omicron-triggered losses after President Biden said – despite some fearmongering over the need for vaccines (“cause for concern but not for panic”) for the “omNicron” variant (that he just could not say correctly) – “…US won’t need shutdowns, lockdowns this […]

By Tyler Durden,   Once again, markets are quietly pricing in less than smooth resolutions to the outstanding fiscal and debt ceiling questions facing Washington in the all-too-imminent future. Treasury Secretary Janet Yellen said last week that the US can only continue to pay its bills until December 15, and that has renewed anxiety in the […]

By Tyler Durden, Tesla is officially giving up on $1.3 billion in German subsidies it had hoped for, officially withdrawing an application for state-sponsored funding, according to Yahoo News. The subsidies were supposed to be for the EV manufacturer’s new battery-cell plant it is setting up, Tagesspiegel newspaper reported. The plant is being set up in […]

By ERHAN KAHRAMAN, The sports industry should heed the warning signs as they adopt emerging blockchain technologies such as NFTs, experts warn. The sports industry took a hard hit from the coronavirus pandemic. Most leagues got suspended, and then teams played without the audience for an extended period. Sports clubs started to seek out new […]