“Adidas Can’t Drop Me” | The Daily Peel | 10/26/22

• Mental health-focused startup Cerebral is trimming 20% of staff
• Warner Bros. Discovery is anticipating over $4 billion in restructuring costs, including axing movies like Batgirl and a Looney Tunes remake
• The road ahead is clear for GM after the automaker posted strong Q3 earnings, thanks to a less f*cked supply chain
• Business bigwigs jetted to Saudi Arabia this week to talk shop despite icy diplomatic relations

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Homebuilders Have Learned Their Lesson

Just a year or so ago, lines for open houses were dozens deep, potential buyers were writing essays to homeowners, and builders had a deep backlog of projects.

That demand has shriveled up as 7% mortgages price many out of the market.

But builders say they’re better prepared to weather the storm this time around.

• Around half of the homebuilders went belly up after the epic housing collapse in 2007
• Loading up on debt during good times has been a death blow for many a homebuilder in the past
• Opting to buy land only when they need it, rather than in advance of new developments, has shrunken builders’ balance sheets
• More stability could lay the foundation for a rebound once rates come back down

Source

WeWork ($WE) ↑ 20.72% ↑

• After removing all the rah-rah bullsh*t and focusing on reining in expenses, $WE is attracting investor attention again
• Analysts are bullish on flexible workspace demand, which is $WE’s bread and butter

Lucid ($LCID) ↑ 8.75% ↑

• Burning cash is one of Lucid’s core competencies, and it’s had to rely on eye-popping topline growth to woo investors
• A rosy Q3 report from GM made the Street more optimistic that supply chain snags won’t stand in the way of EV production targets