Prices of Used EVs Spike, From Already Lofty Levels, as Gasoline Prices Spike. But Electricity Prices Also Soared
U.S. gasoline prices have surged 57% to $4.58 per gallon, prompting a rebound in demand for used electric vehicles. At auction, wholesale prices for used EVs climbed 3.4% in April to $29,453, marking a 7.8% year‑over‑year increase and widening the gap with internal‑combustion‑engine (ICE) vehicles by roughly $10,000. While high fuel costs make EVs more attractive, electricity prices have risen 41% since 2020, offsetting some of the operating‑cost advantage. The trend reflects shifting consumer behavior amid volatile energy markets.
This Fed Meeting Must Have Been a Hoot. Fed Holds Rates Amid 4 Dissents, Most Since 1992: 1 Dovish, 3...
The Federal Open Market Committee kept the federal funds target range at 3.5 %‑3.75% for a third straight meeting, marking a pause after three cumulative 75‑basis‑point cuts in 2025 and 100‑basis‑point cuts in 2024. Four members dissented – the most since...
Senate Confirmation of Warsh, Who Wants to Reduce the Fed’s Balance Sheet, Gets Unstuck as DOJ Ends Powell Investigation
The Department of Justice announced it is closing its investigation into cost overruns for Federal Reserve buildings, removing the political obstacle that stalled Kevin Warsh's Senate confirmation. With Senator Thom Tillis lifting his hold, the Senate Banking Committee can now...
![Hedge-Fund Meme-Stock Short-Squeeze Queen Avis Budget [CAR] Implodes by 72% in 26 Hours](https://hixhlmpcokxhartfkpyi.supabase.co/storage/v1/object/public/images/thumbnails/b638a186b625756cebd28ddc098bddd8.webp)
Hedge-Fund Meme-Stock Short-Squeeze Queen Avis Budget [CAR] Implodes by 72% in 26 Hours
Avis Budget Group, a traditional car‑rental firm, saw its stock explode 770% from $97 to $847 between early March and April 23, only to tumble 72% in roughly 26 hours, settling around $229. The surge was driven by two hedge...
US Government Sold $620 Billion of Treasury Securities This Week. 10-Year Yield Ends at 4.31%, 30-Year Yield at 4.91%
The U.S. Treasury auctioned $620 billion of securities this week, including $480 billion of short‑term bills and $140 billion of 3‑year, 10‑year and 30‑year notes and bonds. The 10‑year note cleared at a 4.282 % yield and settled at 4.32 % in the secondary market,...
Used Vehicle Wholesale Prices Jumped. That’s How It Started in 2020 when Broad Inflation Took Off
Used‑vehicle wholesale prices at Manheim surged 4.2% in March to $20,102, the highest level since June 2023, and rose 5.7% year‑over‑year—the strongest gain since the pandemic‑era spike. The jump reflects tight auction supply, robust dealer demand and a 13.6% increase...
Farm Action’s Letter to Congress, Lambasting the Concentration of Fertilizer Makers and Its Impact on Prices
Farm Action, a farmer‑led watchdog, warned that a handful of firms dominate U.S. fertilizer production, with four companies controlling 82% of nitrogen, two firms holding 90% of phosphate and 75% of potash. The organization argues that this concentration lets supply...
Humana, Caught up in the Metastasizing Medicare Overbilling Scandal, Enters Our Imploded Stocks
Humana’s Medicare Advantage business, once a profit engine, is now under intense federal scrutiny for alleged overbilling and kickback schemes. The crackdown has stalled revenue growth and led to a February loss, pushing the stock 71% lower from its November 2022...
Another Mostly Empty Office Tower in San Francisco Sells for 75% Off: Juul’s Abandoned Headquarters
Juul Labs bought the 29‑floor 123 Mission St. tower for $397 million in 2019, betting on rapid growth. After legal troubles and a collapsed valuation, the building fell to 87% vacancy and the owner defaulted on a $220 million loan. Madison Capital and PGIM...
Gasoline Prices Spike, Now up 25% Since January, Diesel Prices 40%, Heating up Inflation
Gasoline prices jumped 25% since the January low, reaching $3.63 per gallon—the highest level since June 2024, while diesel surged 40% to $4.86, its highest since October 2022. The spike is driven largely by station profit‑margin adjustments rather than a supply crunch,...
Supreme Court Strikes Down IEEPA-Based Tariffs, Doesn’t Rule on Refunds (“Likely to Be a ‘Mess’”)
The Supreme Court struck down the Trump administration’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA) in a 6‑3 decision, covering both reciprocal trade‑deficit tariffs and fentanyl‑related duties. Over half of the tariff revenue collected in recent years...
Despite 4 Years of Mass-Layoffs at Alphabet & Amazon, Headcount Rose in 2025, Nearly Flat with Peak, as Hiring Continued
Alphabet’s 2025 year‑end headcount rose by 7,497 employees, barely below its 2023 peak, while Amazon added roughly 20,000 workers to reach 1.576 million, just 2% shy of its 2021 high. Both companies experienced massive hiring surges in 2020‑21—Alphabet grew 60% and...
Software Company monday.com Plunges 22% Today, -82% From High, -50% From IPO Price, Into Our Imploded Stocks
Monday.com’s shares tumbled 22% to about $76.70 after its earnings release, marking a record‑low close. The stock is now 82% below its November 2021 peak and 51% beneath the $155 IPO price. While Q4 revenue rose 25% to $334 million and beat...
Here We Go Again on Inflation: Used Vehicle Prices Jump in January, Expected to Jump More in Record Tax-Refund Season
Used‑vehicle auction prices surged 2.4% in January, outpacing the typical 0.4% seasonal gain, as Manheim reports stronger retail demand and tighter wholesale supply. Larger-than‑usual tax refunds, driven by new 2025 tax credits, are fueling bigger down‑payments and pushing prices higher....
PayPal Shares Plunged 86% From the 2021 Goofball High and Right Into Our Imploded Stocks
PayPal’s stock tumbled 20% to $41.70 after it reported a Q4 earnings miss, weak total payment volume growth, and announced a surprise CEO change, appointing HP chief Enrique Lores as its new leader effective March 1, with CFO Jamie Miller serving...