25,000 More Store Closures Expected As Lockdown-fueled “Retail Apocalypse” Rolls On
By Tyler Durden The one discussion bulls chose to ignore while equity markets soar to new highs is the permanent economic damage story due to months…
Tyler Durden
JOLTs Shock: 4.5 Unemployed Workers For Every Job Opening As Hiring Craters, Quits Soar
By Tyler Durden With the BLS’s JOLTs, or job openings and labor turnover, survey coming in with an extra month delay, we already knew that…
“This Is Just The Start”: US Bankruptcies Soar 48% In May, Most Since Financial Crisis
By Tyler Durden One month ago, when showing the uncanny correlation between defaults and the unemployment rates, we predicted that the number of Chapter 11…
A Quarter Of Americans Skipped Meals Or Relied On Food Banks During Virus Lockdowns
By Tyler Durden As the economy slips into recession, driven by high unemployment, not seen since the 1930s, a quarter of Americans have skipped meals or relied…
Pentagon Chief Disarms DC National Guardsmen Ahead Of Saturday Protests
By Tyler Durden National Guardsmen deployed to Washington D.C. have been ordered not to use firearms or ammunition by Defense Secretary Mark Esper – who…
The Price Of Half The World’s Staple Food Is Up 70% In 2020
By Tyler Durden First the good news: after soaring to record highs one month ago due to widespread shutdowns of meat processing plants and supply…
This Makes No Sense: In Month When US Was Shut Down, BLS Estimated 345K New Businesses Formed
By Tyler Durden As people dig deeper in the entrails of the most bizarre – and most politicized – jobs report in history, they keep…
A Third Of Americans Who Lost Their Job Still Waiting For Unemployment Benefits To Arrive
By Tyler Durden Almost 33% of unemployment benefits that have been applied for as a result of coronavirus-related job losses have still not been paid….
Millions Of Higher-Paying Jobs Targeted As Next Wave Of COVID Layoffs Begins
By Tyler Durden With over 40 million jobs lost in the past two months, a total that puts the Great Depression to shame, one argument…
“It’s Too Dangerous” – Amazon Orders Delivery Drivers To “Turn Back” Amid Riots, Prepares To Cut Hazard Pay
By Tyler Durden As Amazon prepares to end hazard pay for workers at its fulfillment centers across the US, the company is scaling back deliveries…
US Gov’t Now Flying MQ-9 Reaper Drone Over Minneapolis As Riots Worsen (Updated)
By Tyler Durden Update (13:15ET): Updated flight map shows CBP-104 has left Minneapolis. CBP-104 flight map as of 13:15 ET * * * The US Customs and Border…
You Can Now Get Fired For Refusing To Wear A Mask At Work
By Tyler Durden Employers can mandate that employees have to wear face coverings, and those who don’t follow the rules could face termination with very…
Walmart Now Sells Used Clothing As Unemployment Nears Great Depression Levels
By Tyler Durden As the economy plunges into depression with tens of millions of people unemployed, Walmart is taking no chances on losing its customer…
China Wants To Deploy Helicopter Drones Along Indian Border As Tensions Soar
By Tyler Durden “The test flight of the AR500C came at a time when China-India border tensions have been flaring up, as Chinese border defense…