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The Unsustainable AI-Driven Lending Boom
21.06.2024, 21:02 Uhr. ZeroHedge News - https: - The Unsustainable AI-Driven Lending Boom Authored by Douglas French via The Mises Institute, For lending, as in all things, necessity is the mother of invention. No matter the rate, lenders want to lend and borrowers want to borrow, with both sides tending to overdo it. The Wall Street Journal (WSJ) reports that the newest collateral thing is the artificial...
"Everything Is Frozen": Third-Day Of Cyberattack Leaves 15,000 Auto Dealerships Crippled
21.06.2024, 20:42 Uhr. ZeroHedge News - https: - "Everything Is Frozen": Third-Day Of Cyberattack Leaves 15,000 Auto Dealerships Crippled Over 15,000 auto dealerships nationwide face major disruptions due to an ongoing cyberattack for the third day, shutting down their backend management systems. This has halted sales for some dealers and forced others to complete transactions the old-fashioned way:...
"A Loss Of Momentum": European PMIs Unexpectedly Crumble Across The Board
21.06.2024, 15:32 Uhr. ZeroHedge News - https: - "A Loss Of Momentum": European PMIs Unexpectedly Crumble Across The Board Judging by the unexpected freefall and across-the-board miss in Europe's PMIs this morning, the ECB may have cut rates too little, too late. The Euro area composite flash PMI declined by 1.3pt to 50.8, below consensus expectations of 52.5. According to Goldman, the deceleration...
Allstate Reports May Pretax Catastrophe Losses Of $1.4 Billion
21.06.2024, 12:30 Uhr. ZeroHedge News - https: - Allstate Reports May Pretax Catastrophe Losses Of $1.4 Billion By Chad Hemenway of Insurance Journal Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events contributed to nearly $1.5 billion in catastrophe losses for May, with 70% attributable to five wind and hail...
Where Most Non-Domestic Hajj Pilgrims Come From
21.06.2024, 08:45 Uhr. ZeroHedge News - https: - Where Most Non-Domestic Hajj Pilgrims Come From More than 1.8 million people attended Hajj in 2023, approaching pre-pandemic levels. According to Saudi officials, they expect the figure to exceed the two million mark in 2024. As Statista's Anna Fleck reports, each year, Saudi Arabia issues a set number of Hajj pilgrim visas. Quotas are calculated for...
A New High-Rise Building Will House LA's Homeless In $600,000 Units
21.06.2024, 02:21 Uhr. ZeroHedge News - https: - A New High-Rise Building Will House LA's Homeless In $600,000 Units Authored by Mike Shedlock via MishTalk.com, A grand opening of Weingart Tower will have 278 units to shelter the homeless. Hooray!? Image courtesy of ABC News, YouTube video and details below ABC News reports New high-rise building to house homeless in $600K units in downtown Los Angeles...
KitKat-Maker Warns 'Cocoaflation' Will Send Chocolate Bar Prices Higher For Consumers
21.06.2024, 02:00 Uhr. ZeroHedge News - https: - KitKat-Maker Warns 'Cocoaflation' Will Send Chocolate Bar Prices Higher For Consumers Mark Davies, managing director at Nestlé Confectionery UK & Ireland, has issued a stark warning to chocolate lovers: while secured and hedged supplies of cocoa beans have kept KitKat bar prices relatively low amid the cocoa price storm, the full impact is about...
Price Discovery Equals Short Sales
21.06.2024, 00:20 Uhr. ZeroHedge News - https: - Price Discovery Equals Short Sales Authored by Douglas French via The Mises Institute, Price discovery in commercial real estate, which had been frozen while sellers insisted on prices from the good ol’ ZIRP days, is starting to thaw. Real estate giant Related Companies has unloaded the property at 321 W. 44th St., New York City, for less than $50...
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