RH (RH) CEO Gary Friedman has never been known to hold back his blunt views on business and life on earnings calls, and his latest matter-of-fact commentary directly involves the U.S. housing market. “It’s just a lot of uncertainty right now,” Friedman told analysts on the company’s latest earnings call. “But one thing I’m certain of: The housing market is collapsing at a level I haven’t seen since 2008. I haven’t seen this kind of drop since 2008.” A house for sale in Washington, D.C., the… Source link
Read More »Crypto Traders Turn Against Each Other in a Collapsing Market
(Bloomberg) — Most Read from Bloomberg With crypto prices tumbling precipitously, traders have begun increasingly turning against one another to eke out ever-elusive profits. Many shark traders scour blockchains — digital ledgers for recording transactions — seeking information on other traders, particularly those with highly leveraged positions, an anonymous user known as Omakase, a contributor to the Sushi decentralized exchange, said in an interview. The sharks then attack the positions by… Source link
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