Zillow Offers Loses $881 Million in 2021
According to the company’s annual statement, The soon to be closing segment of Zillow Group ($ZG), Zillow Offers, lost the company $881 Million in 2021. Zillow came out of left … Read More
Americans Simply DGAF; 2021 Household Debt Up $1T
Auto loan originations and mortgages made up the bulk majority of U.S. household debt in Q4 2021, and the year as a whole. Total household debt increased $333 Billion in … Read More
Affirm Tweets & Deletes…And Then Pukes
An intern at Affirm has likely seen better days, after tweeting “Another great quarter in the books…” Which really wasn’t a total lie. They did have a great quarter, just … Read More
Viva Las Vegas
MGM Resorts reported earnings today, February 9th, and posted a 23 cent earnings per share for Q4 of 2021. Compared to the loss of 90 cents a share in Q4 … Read More
BUCKLE UP, JANUARY CPI PRINT IS IN
The U.S. Bureau of Labor Statistics posted the January CPI on Thursday morning, and surprise surprise it was absolutely heinous. January CPI grew 0.6% from the month prior, and jumped … Read More
Trade Deficit Up 1.8% in December, 27% in 2021…Wowzer
In stunning fashion, but no surprise to anyone, the trade deficit widened even further in December of 2021. The U.S. Census Bureau and the U.S. BEA reported the goods and … Read More
PushinPETH: Not P
According to an XXL article, Rapper Gunna has recently come under fire for promoting a crypto scam where he was allegedly promoting his own “crypto metaverse” (haven’t heard that one … Read More
You’re Killing Me Smalls (Literally)
The Russell 2000 has been beaten down since November 8th, 2021 when everyone on Twitter believed it was finally time for the breakout. After zooming out on the chart we … Read More
Musk Gets Subpoena’d…Again
The SEC issued a subpoena to Tesla according to the company’s regulatory filing. The SEC wanted information on the “governance processes around compliance” in relation to the infamous 2018 tweet … Read More
Will The Housing Market Pipe Down?
After nearly two years of arguably the most insane growth in any asset class in all of mankind, it looks like the housing market is finally set to adjust to … Read More