Auto Wire (March 17)
”For decades Porsche has been one of the most profitable car companies on the planet. That reputation just took a staggering hit” as it “reported operating profit of just €90 million for 2025 — a jaw-dropping collapse from €5.3 billion the previous year.” The 98% drop “immediately rattled investors and sent the company’s stock sliding…. Behind that collapse is a combination of strategic missteps, geopolitical pressures, and brutal new competition reshaping the global car market.”
Tags: €5.3b, €90m, 2025, Brutal, Car companies, Collapse, Competition, Geopolitical pressures, Investors, Jaw-dropping, Operating profit, Porsche, Profitable, Rattled, Reputation, Sliding, Staggering, Stock, Strategic missteps
Barron’s (October 8)
“The near-simultaneous collapse of two companies tied to the U.S. auto industry is shedding new light on a fast-growing part of the financial ecosystem little known outside Wall Street.” Non-depository financial institutions (NDFIs) “now account for some 33% of all commercial and industrial loans originated by large banks” and, at the end of the month, stood at $1.7 trillion (up over 400% since 2015). “These hard-to-track loans fall outside systems that regulators can track to assess where risk is concentrating.”
Tags: $1.7 trillion, Auto industry, Banks, Collapse, Commercial, Concentrating, Fast-growing, Financial ecosystem, Industrial, Loans originated, NDFIs, Regulators, Risk, U.S., Wall Street
The Guardian (August 28)
The Atlantic meridional overturning circulation (Amoc) “was already known to be at its weakest in 1,600 years as a result of the climate crisis.” Scientists believe its collapse would be catastrophic, but previous studies showed this was unlikely before 2100. Newer studies, with an extended horizon, are troubling. They “show the tipping point that makes an Amoc shutdown inevitable is likely to be passed within a few decades, but that the collapse itself may not happen until 50 to 100 years later.”
Tags: 2100, Amoc, Atlantic, Catastrophic, Climate crisis, Collapse, Inevitable, Scientists, Shutdown, Tipping point, Weakest
BBC (January 28)
“Debt-ridden Chinese property giant Evergrande has been ordered to liquidate by a court in Hong Kong.” Evergrande initially “sent shockwaves through global financial markets” when it defaulted in 2021. Since then, it has remained “the poster child of China’s real estate crisis with over $325bn (£256bn) of liabilities.” The most recent court decision does not necessarily mean “Evergrande will go bust and collapse,” but it is expected “to send ripples through China’s financial markets at a time when authorities are trying to curb a stock market sell-off.”
Tags: 2021, China, Collapse, Court, Crisis, Debt-ridden, Defaulted, Evergrande, Financial markets, Hong Kong, Liabilities, Liquidate, Real estate, Ripples, Shockwaves
Financial Times (November 23)
“China’s repeated attempts to tackle its worsening property crisis resemble firework displays — full of light and sound, quickly extinguished. Property stock prices have burst upwards with each new set of government measures to boost the market, only to collapse shortly thereafter. This week’s rally should not differ.”
Tags: Attempts, Boost, Burst, China, Collapse, Crisis, Extinguished, Fireworks, Government, Market, Property, Stock prices, Tackle, Worsening
Markets Insider (June 27)
“The banking crisis that unfolded earlier this year isn’t over, and banks could be hit with losses akin to what was seen in 2008 if the Federal Reserve doesn’t get inflation under control.” In its annual report, the Bank for International Settlements called attention to the “lasting ramifications of 2023’s bank failures, starting with the collapse of Silicon Valley Bank in early March.”
Tags: 2008, 2023, Annual report, Banking crisis, BIS, Collapse, Failures, Fed, Inflation, Losses, Ramifications, SVB, Unfolded
New York Times (May 1)
The collapse of First Republic “stopped short of derailing the broader market, with markets focusing instead on corporate profits and the Federal Reserve’s next decision on interest rates.”
Tags: Broader market, Collapse, Corporate profits, Derailing, Federal Reserve, First Republic, Interest rates
Investment Week (April 21)
“Following the collapse of Silicon Valley Bank and other US regional banks, as well as the turmoil around Credit Suisse, the banking sector has sat on wobbly ground in investors’ minds.” Depositors have “moved into treasuries and money market funds to avoid the risk that their bank could be next to fall.” As a result, the S&P Banks Select Industry index dropped 22.5% during March.
Tags: Banking sector, Collapse, Credit Suisse, Depositors, Investors, Money market funds, Regional banks, Risk, SVB, Treasuries, Turmoil, U.S., Wobbly
Forbes (March 5)
“The bitcoin price had rocketed by 50% since the beginning of 2023 but stalled out and crashed back, wiping away $100 billion… and reviving fears other crypto companies could follow FTX into bankruptcy.” Silvergate appears likely to be the next to tumble. The crypto bank “is teetering on the verge of collapse—with one short-seller predicting the bank will implode this week.”
Tags: $100 billion, 2023, Bank, Bankruptcy, Bitcoin, Collapse, Crashed, Crypto, Fears, FTX, Price, Short-seller, Silvergate, Stalled, Teetering, Tumble
CNN Business (February 14)
The collapse of FTX last November “was a seismic event for the crypto industry” that some called crypto’s “Lehman moment.” We appear to be “entering the Dodd-Frank era of crypto,” as regulators now have “a clearer target and a wave of public outrage to bolster their cause.” Since FTX’s bankruptcy, “state and federal regulators have escalated both their rhetoric and their actions to keep the fast-growing digital asset industry in check — a shift that is, unsurprisingly, not going over great with crypto companies.”
Tags: Actions, Bankruptcy, Collapse, Dodd-Frank, FTX, Lehman, Public outrage, Regulators, Rhetoric, Seismic
