Per Wall Street Journal Mesa Air is optimistic that offering interest-free loans will help solve the pilot shortage. The loans are designed to be used for logging the needed flight hours for pilots to qualify to work for the company. On top of this, the company has bought 29 small

Per Redfin As purchases of non-luxury homes fell 19.5% during the last three months ending on Aug 31, purchasing of luxury homes fell 28.1%. The last time luxury homes fell this hard was in 2012 when the market saw a 23.2% plunge in luxury home purchases. Redfin

Per CNBC Michael Schumacher from Wells Fargo Securities says the Federal Reserve is raising rates too slowly. The head of macro strategy said if it were him, he would seriously consider a 150 basis point hike. Schumacher acknowledged how this move could violently shake the markets and suggests the bond

Per CNBC Ford stock is down by 12.3% with roughly $7 billion knocked off from its market value. This is only second to Jan 28, 2011 when the automaker's stock fell 13.4% in one day. The drop came as the automaker warned investors of $1 billion

Per Bloomberg The rate of growth of Amazon Air has slowed down to just 3.8% from March 2022 to September 2022. Previous growth for Amazon Air was the following: * 7.9% from August 2021 to March 2022 * 17.1% from February 2021 to August 2021 * 14.75% from September

Per Bloomberg The SEC says Morgan Stanley didn't dispose their devices properly leading to 15 million clients from 2015 to around 2020 being compromised. The broker paid a $35M fine for one of its units allegedly failing to secure the personal data of customers when disposing of hard

Per Business Insider The Federal Reserve is expected to raise interest rates next week by another 75 basis points on top of the added 225 points year-to-date. Golden Sachs warns that this could result in the stock market dropping another 26%. Should the FEDs hurt the job market, Goldman believes

Per Bloomberg Meta is down over 58% year-to-date and Mark Zuckerberg's net worth has slumped by around $70 billion during the same period. The chief executive of Facebook's parent company is far from his title as the third-richest person in the world (2018). Zuckerberg is now

Per Zillow: Zillow said home values dropped by 0.3% from July to August. This is the highest monthly decrease since 2011 measured by the Zillow Home Value Index. Midwest markets are retaining their competition while the demand in Western markets is cooling. Home values have risen in 12 of

Per Bloomberg Cathie Woods buys 400,000 shares of Nvidia in September. Wood's ARK had 675,000 shares as of June 30 but sold 300,000 on August 23 before its $1 billion-short earnings report. Nvidia has dropped by 55% in 2022 but is still priced over its

Per Senator Ernst: Senator Ernst announced that the US Treasury Inspector General for Tax Administration will be auditing employees of the IRS. This comes as a spending bill was passed by the DC Democrats to add 87,000 new IRS agents to the existing 80,000 full-time workforce.

Per Bloomberg and CNN: In an interview on 60Minutes, Biden was asked what he thought about the 8.2% inflation rate. After being told it was the highest in 40 years, the President highlighted the following: * General prices have gone up but energy prices have gone down * 10 million new

Nancy Pelosi said that the bill would come this month. But Senate Dems will not release a bill until after midterms, per BI. BI spoke to Jeff Merkley, who said this and is leading the legislation. Originally scooped by Bryan Metzger. [https://twitter.com/metzgov] See all trades of politicians:

Per CNBC: As chair of the Senate Intelligence Committee, Burr was given access to classified intelligence reports [https://www.washingtonpost.com/national-security/us-intelligence-reports-from-january-and-february-warned-about-a-likely-pandemic/2020/03/20/299d8cda-6ad5-11ea-b5f1-a5a804158597_story.html] in January and early February that contained dire warnings about the coronavirus. On Jan. 31, Burr received nonpublic information from a

Per FT: Russia’s gas supplies to Europe via the Nord Stream 1 pipeline will not resume in full until the “collective west” lifts sanctions against Moscow over its invasion of Ukraine, the Kremlin has said. Dmitry Peskov, President Vladimir Putin’s spokesman, blamed EU, UK and Canadian sanctions for

Per AFP: Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its boss said. The Volkswagen subsidiary is enjoying “high demand” and has an order book covering the next 18 months, chief executive Stephan Winkelmann said. “We have more and more [people] stepping into

Per Bloomberg: In eight minutes, Federal Reserve Chair Jerome Powell sparked a market rout that slashed the fortunes of America’s richest people by $78 billion. Elon Musk’s saw $5.5 billion erased from his wealth. Jeff Bezos lost $6.8 billion. The fortunes of Bill Gates and Warren

Per WSJ: GameStop, $GME, plans to reward thousands of employees with stock and pay raises. The company plans to award stock to all of its U.S. store leaders and give raises to some senior store staff. Store leaders will receive up to $21,000 in stock, which will vest

Per CNBC: Some policy experts were quick to sound an alarm after President Joe Biden announced a sweeping new plan [https://www.cnbc.com/2022/08/24/biden-expected-to-cancel-10000-in-federal-student-loan-debt-for-most-borrowers.html] Wednesday to cancel up to $10,000 in federal student loans for borrowers with incomes under $125,000. “There’s a

President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other qualifying borrowers. Biden also extended the federal student loan payment pause through Dec. 31. "In keeping with my campaign promise, my

California is expected to put into effect on Thursday its sweeping plan to prohibit the sale of new gasoline-powered cars by 2035, per NYT. The rule, issued by the California Air Resources Board, will require that 100 percent of all new cars sold in the state by 2035 be free

Per Consumer Affairs: * 78% of Americans think we’ll soon face a housing market crash; Gen Z is most likely to want one. * Nearly half of respondents believe 2023 is the year the housing market will crash. * 3 in 4 respondents said they have plans to buy a home if

Michael Burry of "The Big Short" sold virtually all of his US stocks last quarter. Burry's Scion Asset Management held only a $3.3 million stake in Geo Group, $GEO, a new filing shows. Scion owned $165 million of stocks at the end of March, excluding