By Tyler Durden , Just hours after we reported that Wedbush’s Dan Ives raised his price target on Tesla to $1,400, we found out that Elon Musk has offloaded yet another $1 billion in stock. The Tesla CEO sold the 934,090 shares, according to filings published late on Tuesday night. Additionally, Musk exercised a grant to buy […]

By Tyler Durden, Authored by John Rubino via DollarCollapse.com, Paris during the Great Depression was full of unemployed people – and apparently it was awesome. As the story goes, the City of Light circa 1934 offered few good jobs and little upward mobility – which is pretty much the definition of a capital-D Depression — […]

By Tyler Durden, This year, China’s troubled ride-hailing giant Didi has had a clouded outlook as Chinese regulators crackdown on its consumer data, leading to an upcoming delisting from US exchanges. The company plans to list in Hong Kong next year, but today’s new filing revealed a $4.7 billion loss in the third quarter. Didi has been […]

By Tyler Durden, A year ago a respected Tokyo-based think tank, the Japan Center for Economic Research (JCER), alarmed observers in the West by forecasting that China’s economy will surpass that of the United States by 2029, or less than a decade out. But the same think tank this month issued greatly revised figures, saying […]

By Tyler Durden, Authored by Bruce Wilds via Advancing Time blog, The inflation of today is a starkly different creature than what we faced in 1979. The world is massively different and presenting us with a strain of inflation that will most likely be stronger and more difficult to combat without major disruptions to our economy. […]

By Tyler Durden, It appears burnt-out junior bankers aren’t the only white-collar workers who have seen their compensation improve over the past 12 months. According to a report published in Sunday’s Wall Street Journal, America’s salaried employees are finally seeing wage gains commensurate with those experienced by (often lower-paid) hourly workers. Citing data from the […]

By Tyler Durden, Russia has dramatically escalated its long-running battle with Google after repeatedly accusing it and other major US-based internet platforms of ignoring Russian laws on obscenity as well as propaganda, with on Friday a Moscow court slapping an unprecedented fine of almost $100 million on Google. The content under dispute which state media regulator […]

By Tyler Durden, For those wondering when Elon Musk would stop slamming the bid on his own company’s stock, it looks as though the time may have finally come. Tesla shares are popping 4% in the pre-market session on Wednesday after Musk commented on a Tuesday night Babylon Bee interview that he had “sold enough stock” to […]

By Tyler Durden,   While it’s a remnant of a distant pass and will have zero impact on today’s markets which are much more focused on slowing economic growth in 2022, moments ago the BEA reported the second estimate of Q3 GDP and it printed at 2.3% (2.290% to be precise), higher than both the […]

By Tyler Durden, Tomorrow is VIX expiration, and, as SpotGamma notes, we head into that expiration with an elevated VIX structure. If you compare today’s VIX term structure to that of mid-November you can see current levels (black) remain well above Nov(blue). Nov is “pre Omnicron” and “pre Taper” so it makes sense that current prices […]