Author: Staff (Page 1 of 28)

      Home Depot cites ‘frozen housing market conditions’

      September 3, 2026 /

      Home Depot an alarming earnings report where they cited “frozen housing market conditions.”

      The video above puts this in the context of the slowdown in the US housing market. THome Depot’s CFO explained that the company is doing well as it takes market share, but that U.S. same-store sales grew only 1.3% year-over-year (roughly –2.5% after inflation). Store visits contracted. This reflects weak homebuyer demand, which hurts sales of appliances, flooring, countertops, landscaping, etc.

      There’s a real risk here to the economy. Housing represents roughly 15% of U.S. GDP. Prolonged weakness could spill into broader consumer spending (already showing a notable July retail drop) and eventually pressure the wider economy/stock market, which has so far been supported by consumer spending (often on credit amid low savings).

      Meanwhile, the Trump Administration seems hell bent on making things worse. Between the Iran war and the latest trade war with Canada, they seem to be clueless.

      Economy, Real Estate

      Can anyone justify the SpaceX proposed IPO valuation?

      May 30, 2026 /

      SpaceX headquarters

      You know we might be in a bubble when you read through the SpaceX S-1 filing.

      Scott Galloway has a history of calling out ridiculous IPOs and S-1s . . . remember WeWork? Galloway takes a look at the SpaceX S-1 and points out some amazing valuation claims. Galloway argues the proposed valuation is disconnected from current financials. At the low end of the reported target, SpaceX would trade around 94x sales, above even very high-multiple public tech names; his sum-of-the-parts math gets closer to $1 trillion, not $1.75–$2 trillion. He also criticizes the pitch’s huge $28 trillion TAM, including assumptions like near-universal Starlink adoption and enterprise AI markets far larger than today’s enterprise software market.

      Galloway is basically explaining that the IPO asks public investors to pay today for a best-case, multi-decade outcome for SpaceX. Basically, investors will be funding Elon Musk’s grandest ambitions. And yes, Elon has done some amazing things with SpaceX and Tesla. And, Galloway has been famously wrong (as he admits repeatedly) about Tesla’s valuation. But the numbers are clear. Musk is making a massive bet, and the upside is already baked in here.

      We’ll see if this has any impact on the IPO. Other analysts are making the same case when they drill down into the numbers.

      Economy, Markets, Technology

      The $5 Billion Illusion: LIV Golf Was Never Really a Business

      May 1, 2026 /

      Phil Mickelson LIV Golf

      After four years, billions of dollars, and an ugly civil war in professional golf, Saudi Arabia’s Public Investment Fund has decided it has seen enough. LIV Golf, the tour that was supposed to shake the foundations of professional sport, is now scrambling for survival after its sovereign backer walked away. The story of how it got here raises an uncomfortable question that was always lurking in the background: was LIV Golf ever actually meant to be a business at all?

      The answer, increasingly, looks like no. And that realization carries implications far beyond golf.

      Continue reading »

      General Business, World

      GLP-1 Drugs Having Interesting Effects on Businesses

      April 30, 2026 /

      pretty asian bride in wedding dress holding bouquet of flowers

      We’ve all heard about how the exploding use of GLP-1 drugs has impacted restaurants and the food industry. People are eating less, and that’s rippling through the economy.

      Now we’re seeing other impacts for businesses beyond the food industry.

      Planning a wedding is stressful enough without unexpected complications. But for brides using GLP-1 weight-loss medications like Ozempic or Mounjaro, finding the perfect dress has become even more challenging. Some bridal shops are now requiring customers to sign legal waivers before purchasing gowns that do not currently fit, protecting the business from returns and alterations caused by rapid weight loss.

      Nicole Hamilton, a New York product designer, experienced this firsthand. She started GLP-1 medications to feel healthier ahead of her wedding. As the pounds came off quickly, she chose an A-line gown with a waist about three inches smaller than her size at the time of purchase. Before she could take the dress home, the shop asked her to sign a waiver acknowledging that it did not fit yet. “The size stuff definitely made it stressful in a way that it wouldn’t have been otherwise,” Hamilton said. Still, she enjoyed most of the process.

      Continue reading »

      General Business, Small Business

      Trump vs. Exxon: When Irresponsible Policy Meets Oil Industry Reality

      January 12, 2026 /

      oil refinery

      Sadly, we have an idiot running the country.

      In a fresh twist on U.S.-Venezuela drama, President Trump is clashing with Exxon Mobil over his ridiculous push to revive the country’s massive but battered oil sector following the U.S.-backed ouster of Nicolás Maduro.

      At a White House meeting on Friday with top oil executives, Trump pitched big incentives: unspecified U.S. security guarantees for companies willing to invest heavily in fixing Venezuela’s crumbling energy infrastructure. He envisions U.S. firms (and others) pouring in billions to boost production, lower global energy prices, and deliver economic wins back home.

      Continue reading »

      Energy, World

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