NewZinoo: Wolf Street latest news

eco - Wolf Street - 2 hours ago

Office CMBS Delinquency Rate Spikes to Record 12.3%, Much Worse than Financial Crisis Meltdown Peak

Spike of defaults in January was triggered by two Manhattan office towers; one of them is heading to a foreclosure sale.

eco - Wolf Street - 20 hours ago

Figma, IPO Hotshot AI-Powered Design Software Firm, Joins Our Imploded Stocks

After riding up the AI-hype mania for two days.

eco - Wolf Street - 1 day ago

Miles Driven Hit Record in 2025, beating 2019, amid Lethargic RTO, Mass Transit Blues, but a Jump in Population

Since 2019, miles driven rose by 1.9%, the population by 3.6%, and miles driven per person fell.

eco - Wolf Street - 2 days ago

US Government Sold $766 Billion of Treasuries this Week. Yield Curve Steepened as 30-Year Treasury Yield Rose to 4.87%

The spread between the 2-year and 10-year Treasury yields now the widest since January 2022.

eco - Wolf Street - 3 days ago

Markets’ Reaction to Warsh: Silver Collapses, Gold Plunges, Dollar Jumps, Treasuries Yawn, Stocks Drop, already Battered Cryptos Sink

Pulling the rug out from under the “debasement trade.”

eco - Wolf Street - 4 days ago

Producer Price Index Jumps on Disconcerting Spike in Services PPI. Food and Energy Prices Fall

Core goods prices rise as companies distribute the tariffs amongst each other.

eco - Wolf Street - 5 days ago

California’s Population Declines Again, -200,000 since 2020: Relief for “Housing Shortage” as Homes Keep Getting Built

Home prices in California are down 2% year-over-year and roughly unchanged since July 2022.

eco - Wolf Street - 5 days ago

Unemployment Insurance Drops to Lowest since Sept. 2024, Layoffs Are Low, Show No Signs of Weak Labor Market

Despite corporate announcements of global layoffs, including of remote workers (while hiring through the other door).

eco - Wolf Street - 6 days ago

Fed Refuses to Cut, Shifts Hawkish in the Statement, with Two Dissenters

"Everything comes in suggesting that this year starts off on a solid footing for growth": Powell in the press conference.

eco - Wolf Street - 7 days ago

Population Growth Slows to Crawl, Net Migration May Turn “Negative”: Census Bureau’s New Population Estimates

Hugely important for housing, employment, and consumer spending.

eco - Wolf Street - 8 days ago

Hard to Imagine an Economic Slowdown until this Business Investment Boom Fizzles. Core Capital Goods Orders Show Why

The five-month surge is a sign of strong business investment, partly driven by the AI infrastructure buildout.

eco - Wolf Street - 9 days ago

US Government Struggles to Keep a Lid on 10-Year Treasury Yield and Mortgage Rates

The “rate check” on Friday to put a floor under the yen was the latest step.

eco - Wolf Street - 11 days ago

Americans’ Incomes from Wages and Salaries, Businesses and Farms, Rentals, Dividends and Interest, and Transfer Receipts

But their massive capital gains, realized and unrealized, are not included here.

eco - Wolf Street - 11 days ago

New-Vehicle Sales in California, 2025: Tesla Loses Ground, Toyota Widens Lead, Honda Passes Tesla, but Model Y still #1 Bestseller by Far

ICE vehicle sales dropped 28% from 2017 peak, while EV sales soared 648% over same period.

eco - Wolf Street - 12 days ago

Inflation-Adjusted Consumer Spending, Incomes, and Government Transfer Receipts

Consumers may be in a foul mood, but they’re making money and are spending it, and are still saving some.

eco - Wolf Street - 13 days ago

Pending Home Sales Plunge across the US. Midwest Sees Worst Sales on Record, Northeast 2nd Worst

For the US overall, worst sales for any December on record. The housing market took a bad turn, another one.

eco - Wolf Street - 14 days ago

Japanese Government 30-Year Yield Explodes after Threats of Increased Spending and Tax Cuts: Bond Vigilantes Rising from their Graves?

A bond market as strung out as Japan’s doesn’t want to hear about spending increases accompanied by tax cuts when inflation is already 3%.

eco - Wolf Street - 15 days ago

Energy Inflation for Households: Electricity, Natural Gas Piped to the Home, Gasoline, and Other Fuels

Demand for electricity has surged, and so has the price.

eco - Wolf Street - 17 days ago

US Government Sold $654 Billion of Treasuries this Week, 10-Year Yield Spikes to 4.24%, Highest since Sep 2, despite 3 Rate Cuts

The new supply: $138 billion of new 10-year Treasury notes replaced $66 billion of matured 10-year Treasury notes.

eco - Wolf Street - 17 days ago

US Government Sold $665 Billion of Treasuries this Week, 10-Year Yield Spikes to 4.24%, Highest since Sep 2, despite 3 Rate Cuts

The new supply: $138 billion of new 10-year Treasury notes replaced $66 billion of matured 10-year Treasury notes.

eco - Wolf Street - 18 days ago

Condo Prices Now Below 2005-2007 Housing Bubble Peaks in 8 Cities, including Oakland, Chicago, and 2 Cities in Florida

Condos are subject to huge booms and busts. But these cities are more special than others, so to speak.

eco - Wolf Street - 18 days ago

Food Inflation Gets Hot, but Not Every Item: A Look at Beef, Chicken, Coffee, Eggs, Dairy, Fruit and Vegetables, “Other Foods”

CPI for “Food at home” jumped in December and is up 30% since January 2020. The CPI for restaurant food is even hotter.

eco - Wolf Street - 19 days ago

The Most Splendid Housing Bubbles in Canada, Dec 2025: Single-Family and Condo Prices Hit Multi-Year Lows in Toronto, Spike in Montreal, Quebec

In between: Vancouver, Victoria, Hamilton-Burlington, Calgary, Ottawa, Halifax, Edmonton, Winnipeg.

eco - Wolf Street - 20 days ago

Sales of Existing Homes in 2025 Drop to Lowest since 1995, Sellers Massively Yank Listings off the Market, Waiting for Spring

Single-family home sales edged up in 2025, condo sales dropped further.

eco - Wolf Street - 21 days ago

Bad-Joke Housing CPIs, Absurd Health Insurance CPI Still Marr Today’s CPI Report, Repress Year-over-Year CPI Inflation

My frustration is boiling over. This is very serious. A lot depends on halfway accurate CPI inflation readings.

eco - Wolf Street - 21 days ago

Bad-Joke Housing CPIs, Absurd Health Insurance CPI Still Mar Today’s CPI Report, Repress Year-over-Year CPI Inflation

My frustration is boiling over. This is very serious. A lot depends on halfway accurate CPI inflation readings.

eco - Wolf Street - 22 days ago

Household Money-Market Funds and Large CDs Hit Records despite Lower Yields. But Sorry, It’s Not “Cash on the Sidelines”

Their balances ballooned even as prices of stocks, gold, silver, et al. surged to records. Everything surged. Almost.

eco - Wolf Street - 22 days ago

Justice Department Subpoenas the Fed, Threatens Powell with Criminal Indictment. Powell Comes out Swinging. Stock Futures Tank

Trump claims he didn’t know anything about it.

eco - Wolf Street - 23 days ago

Home Prices in the Largest Countries of Europe: Splendid Housing Bubbles in Some, Prices back to 2010 in Others

Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czech Republic, Finland, Portugal, Hungary, Bulgaria.

eco - Wolf Street - 25 days ago

Job Growth in the Private-Sector, Massive Job Losses at Federal and State Governments in H2 2025

The Fed should look at private-sector employment. Layoffs at the government are a political decision, not the result of economic weakness.

eco - Wolf Street - 25 days ago

Fed Balance Sheet Drops by $67 Billion for the Week

Standing Repo Facility -$75 billion to zero, Reserve Management Purchases +$8 billion: The year-end liquidity shifts have settled down.

eco - Wolf Street - 26 days ago

Trade Deficit Drops to Least Terrible Level since 2009, upon which Atlanta Fed GDPNow Doubles Q4 GDP Forecast to +5.4%

The GDPNow algo is to be taken with a teaspoon of salt, but it shows that a big improvement of the trade deficit pushes up GDP growth.

eco - Wolf Street - 27 days ago

ADP Employment Report: +41,000, Mostly at Medium-Size Companies. Small Companies Had First Payroll Gain in 5 Months

Private-sector job growth slowed to a crawl in the second half.

eco - Wolf Street - 27 days ago

Ugly Charts of US Auto Sales, 2025: Stellantis, Nissan Flirt with Catastrophe. GM, Ford, Honda Sales Rise but far below Peaks. Toyota and Hyundai-Kia Set Records

New-vehicle sales in 2025 rise barely above 1986: Four decades of structural stagnation, plunges, and partial recoveries.

eco - Wolf Street - 28 days ago

Bank of Japan’s QT Cuts $502 billion from Balance Sheet. JGB Yields Surge as BOJ Steps away from Bond Market

Japanese Government Bond 10-year yield rose to 20-year high of 2.13%, 30-year yield hit 3.50%.

eco - Wolf Street - 29 days ago

Fed’s Standing Repo Facility (SRF) Drops to Zero, from $75 billion on the Last Balance Sheet as Yearend Liquidity Turmoil Dissolves

The Fed’s weekly balance sheet on Thursday will show a substantial drop in total assets.

eco - Wolf Street - 30 days ago

Spike of defaults in January was triggered by two Manhattan office towers; one of them is heading to a foreclosure sale.

After riding up the AI-hype mania for two days.

Since 2019, miles driven rose by 1.9%, the population by 3.6%, and miles driven per person fell.

The spread between the 2-year and 10-year Treasury yields now the widest since January 2022.

Pulling the rug out from under the “debasement trade.”

Core goods prices rise as companies distribute the tariffs amongst each other.

Home prices in California are down 2% year-over-year and roughly unchanged since July 2022.

Despite corporate announcements of global layoffs, including of remote workers (while hiring through the other door).

"Everything comes in suggesting that this year starts off on a solid footing for growth": Powell in the press conference.

Hugely important for housing, employment, and consumer spending.

The five-month surge is a sign of strong business investment, partly driven by the AI infrastructure buildout.

The “rate check” on Friday to put a floor under the yen was the latest step.

But their massive capital gains, realized and unrealized, are not included here.

ICE vehicle sales dropped 28% from 2017 peak, while EV sales soared 648% over same period.

Consumers may be in a foul mood, but they’re making money and are spending it, and are still saving some.

For the US overall, worst sales for any December on record. The housing market took a bad turn, another one.

A bond market as strung out as Japan’s doesn’t want to hear about spending increases accompanied by tax cuts when inflation is already 3%.

Demand for electricity has surged, and so has the price.

The new supply: $138 billion of new 10-year Treasury notes replaced $66 billion of matured 10-year Treasury notes.

The new supply: $138 billion of new 10-year Treasury notes replaced $66 billion of matured 10-year Treasury notes.

Condos are subject to huge booms and busts. But these cities are more special than others, so to speak.

CPI for “Food at home” jumped in December and is up 30% since January 2020. The CPI for restaurant food is even hotter.

In between: Vancouver, Victoria, Hamilton-Burlington, Calgary, Ottawa, Halifax, Edmonton, Winnipeg.

Single-family home sales edged up in 2025, condo sales dropped further.

My frustration is boiling over. This is very serious. A lot depends on halfway accurate CPI inflation readings.

My frustration is boiling over. This is very serious. A lot depends on halfway accurate CPI inflation readings.

Their balances ballooned even as prices of stocks, gold, silver, et al. surged to records. Everything surged. Almost.

Trump claims he didn’t know anything about it.

Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czech Republic, Finland, Portugal, Hungary, Bulgaria.

The Fed should look at private-sector employment. Layoffs at the government are a political decision, not the result of economic weakness.

Standing Repo Facility -$75 billion to zero, Reserve Management Purchases +$8 billion: The year-end liquidity shifts have settled down.

The GDPNow algo is to be taken with a teaspoon of salt, but it shows that a big improvement of the trade deficit pushes up GDP growth.

Private-sector job growth slowed to a crawl in the second half.

New-vehicle sales in 2025 rise barely above 1986: Four decades of structural stagnation, plunges, and partial recoveries.

Japanese Government Bond 10-year yield rose to 20-year high of 2.13%, 30-year yield hit 3.50%.

The Fed’s weekly balance sheet on Thursday will show a substantial drop in total assets.

Slowly unwinding a phenomenon that wrecked the housing market.