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Real Estate

“U.S. home prices climb for seventh month in a row to a record high, Case-Shiller says”

“…Home prices in the 20 major U.S. metro markets were up 3.9% in the past 12 months ending in September. The August report saw a 2.5% rise in home prices year-over-year. A broader measure of home prices, the national index,… Continue Reading…

Economy

“…Pentagon says it has no money for Middle East buildup”

“The Defense Department has ordered an additional aircraft carrier strike group, air defenses, fighter jets and hundreds of troops to the Middle East since the surprise terrorist attacks on Israel on Oct. 7, in an effort to prevent the conflict… Continue Reading…

Business

“GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes”

“…The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate an accelerated $10 billion share repurchase program; and reinstate its 2023 guidance to include an estimated $1.1 billion in earnings before interest… Continue Reading…

Banking, Economy

“European, US stock markets climb as bets build on rate cuts”

“Wall Street and Europe’s main stock markets mostly climbed Wednesday as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year after a top official sounded an optimistic note on the battle against inflation…”… Continue Reading…

Stocks

[Prediction?] ” Companies Will Propel Profit More Than 100% Next Year: Analysts”

“Seven companies, including health care play Merck (MRK), industrial Stanley Black & Decker (SWK) and Estee Lauder (EL), are poised to post 2024 adjusted earnings per share that’s 100% or more higher than this year’s, says an Investor’s Business Daily analysis of data from S&P Global… Continue Reading…

Business, Real Estate

“Blackstone head Steve Schwarzman plans to spend billions buying up dorms, warehouses, and data centers across Europe…”

“…The private-equity firm with roughly $1 trillion in assets under management plans to invest in real estate across Europe, Schwarzman told Bloomberg on Monday after the Global Investment Summit in London. Blackstone has raised about $200 billion in recent months, according to Schwarzman, who… Continue Reading…

Business, Economy

“Major Chinese Solar Manufacturer Sees Industry Shake-Out Coming”

“China’s world-beating solar sector will start seeing smaller equipment makers being forced out next year as prices keep falling, according to one of the leading manufacturers… “Under the current bidding prices, there is no profit across the entire supply chain,… Continue Reading…

Economy

“US Gasoline Prices Fall for 60 Straight Days…”

“…A gallon of gasoline now costs $3.25 on average in the US, more than 60 cents below the year’s peak in mid-September and about 30 cents cheaper than this time last year, according to data from the American Automobile Association.… Continue Reading…

Banking, Economy

“Milei to Send ‘Shock’ Package to Argentina’s Congress on Day One”

“…“This is urgent,” he said in an interview broadcast Sunday by LN+ TV, adding that Argentina can’t wait for the usual start of congressional sessions in March. “Solving the central bank’s problems as soon as possible” and “halting monetary emission”… Continue Reading…

Business

“Apple iPhone maker Foxconn to invest $1.5 billion in India as it looks to build beyond China”

“Foxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill the Apple supplier’s “operational needs” the company announced in Taiwanese security filings Monday. The $1.541 billion investment was made through a Foxconn subsidiary, Hon Hai Technology India Mega… Continue Reading…