A high level of auto-loan delinquencies challlenges the cheery spin the Fed and the financial press is putting on the state of the ecoomy.
Read more...Tesla’s 10-Q filing reveals that without taxpayer-funded pollution credits the company gets from the government and sells to other companies, its loss as automaker and solar-panel company would have been $918 million and its negative cash flow wouldn’t have been a cash drain of $919 million but a cash sinkhole of $1.14 billion
Read more...In this Real News Network interview, Bill Black examines the VW emissions scandal and discusses how corruption has become endemic in corporate Germany, and why the SEC and DoJ are targeting VW.
Read more...Uber’s financial data in its S-1 filing is misleading and even inconsistent.
Read more...Lyft’s IPO is oversubscribed at a $23 billion valuation. But what happens next?
Read more...Lyft’s prospectus doesn’t even pretend that the company might become profitable, let alone justify a $20-25 billion valuation.
Read more...It is hard to see how Uber’s IPO story will hold up to scrutiny, particularly at a planned valuation of $120 billion.
Read more...The story of how oil refiners group marshalled the support of Republican governors behind the Trump administration’s rollback of CAFE auto emissions standards.
Read more...The LA Times reports that SpaceX, the unicorn startup with a newly minted $30.5 billion “valuation” and dreams of sending humans to Mars shortly, will lay off about 10% of its employees.
Read more...Elon Musk put himself in the SEC’s crosshairs.
Read more...Rising bond yields pose a problem to Tesla’s survival.
Read more...How a new “great” Trump trade deal is just recycled old trade deals with a new label.
Read more...Uber’s latest financial report confirms Hubert Horan’s predictions.
Read more...So far, the SEC and investors are ignoring Tesla’s sus-looking production figures.
Read more...EPA administrator Scott Pruitt resigned Thursday. Will his acting replacement, former coal lobbyist and climate denier Andrew Wheeler, be less of a disaster for the environment?
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