MGM Resorts To Fire 18,000 Employees, A Quarter Of Its Workforce
By Tyler Durden While stocks soar to record highs by the day, no prosperity is “trickling down” to the leisure and hospitality industry – the…
By Tyler Durden While stocks soar to record highs by the day, no prosperity is “trickling down” to the leisure and hospitality industry – the…
By Michael Snyder If you know people who actually believe that the U.S. economy is moving in a positive direction, just show them this article. …
By Tyler Durden Readers may recall last week we outlined the dam of pent up mortgage delinquencies continued to crack, with the share of delinquent Federal Housing Administration’s…
By Tyler Durden The disconnect between the all-time highs in the stock market and the broader economy has never been greater (with even Janet Yellen,…
By Tyler Durden One month ago, with millions of newly unemployed Americans fearful about their future in an economy transformed by the covid pandemic, Deutsche…
By Peter Romeo of Restaurant Business Payments on nearly one-fourth of all loans backed by hotel real estate are delinquent by at least 30 days,…
By Anthony James Hall It usually makes sense to follow the money when seeking understanding of almost any major change. The strategy of following the…
By Tyler Durden Las Vegas is expected to become one of the focal points of the eviction crisis as nearly a quarter-million people could be removed from…
By Tyler Durden Last month we quoted from Wolf Richter to remind readers of something we discussed several months ago when we went over the…
By Michael Snyder In all of U.S. history, we have never seen anything like “the mass exodus of 2020”. Hundreds of thousands of people are…
By Tyler Durden Dramatic images released this week show thousands of cars stretching for miles, lining up for provisions at a Texas food bank as…
By J.G. Martinez Writing about the current situation in my country is becoming increasingly difficult. Just checking my personal chats with all the information I…
By Michael Maharrey Government sucks you in by promising to fix the problems that it created in the first place. And it almost always makes…
By Tyler Durden The latest economic data suggest the US recovery stalled. One look at the Citi US econ surprise index, as of this week,…