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Real Estate

“Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity”

“… …” https://www.cnbc.com/2024/07/10/mortgage-refinance-demand-drops-with-homeowners-sitting-on-huge-equity.html

Business, Economy

“Saudis Warned G-7 Over Russia Seizures With Debt Sale Threat”

“Saudi Arabia privately hinted earlier this year it might sell some European debt holdings if the Group of Seven decided to seize almost $300 billion of Russia’s frozen assets, people familiar with the matter said… In May and June, the… Continue Reading…

Business

“Nearly 10 billion passwords leaked in what may be biggest dataset of its kind ever”

“A file containing about 10 billion individual passwords was posted on an online hacking forum in what could be the largest such compilation of leaked passwords ever. The file was posted on July 4, and contains passwords compromised in both… Continue Reading…

Stocks

“Corning shares pop 12% as AI boom drives stronger-than-expected demand for equipment”

“Corning shares closed up 12% Monday after the company raised its second-quarter guidance, marking the stock’s best trading day since March 2020. The company, known for developing the Gorilla Glass used for Apple iPhones and other phones, credits the outperformance to demand for its optical connectivity… Continue Reading…

Economy, Stocks

“The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says”

“…The stock market will crash 32% in 2025 as the Federal Reserve fails to prevent a recession, according to the most bearish strategist on Wall Street. Peter Berezin, chief global strategist at BCA Research, said in a recent note that a recession… Continue Reading…

Business, Economy

“Is college worth it? Poll finds only 36% of Americans have confidence in higher education”

“…Overall, only 36% of adults say they have a “great deal” or “quite a lot” of confidence in higher education, according to the report released Monday by Gallup and the Lumina Foundation. That confidence level has declined steadily from 57%… Continue Reading…

Stocks

“Tesla shares wipe out loss for the year with 27% rally this week”

“Tesla’s stock price rose enough on Friday to wipe out its loss for the year and bring its gain for the week to 27%. Shares of the electric vehicle maker closed Friday at $251.55. They ended last year at $248.48, and… Continue Reading…

Business, Economy

“Air travel demand is breaking records. Airline profits are not”

“…Some airlines have forecast record demand, and in some cases, revenue. On Sunday, the Transportation Security Administration screened more than 3 million people, a one-day record. But higher labor and other costs have eaten into airlines’ bottom lines. To adapt to slower demand… Continue Reading…

Business

“Job scams surged 118% in 2023, aided by AI. Here’s how to stop them”

“… …” https://www.cnbc.com/2024/07/07/job-scams-surged-118percent-in-2023-aided-by-ai-heres-how-to-stop-them.html How do you stop scams? Meet the people in person. This lowers risk dramatically. Scams are far less likely to happen when you’re in strangling range of the scammer. I don’t recommend violence. I’m just stating the… Continue Reading…

Economy

“Why France is on the brink of reinstating wealth taxes”

“…France’s wealth tax was first introduced in 1982 by Francois Mitterrand, the then-president. Since then it has been scrapped, reinstated and reformed by successive governments  The “impôt de solidarité sur la fortune” – as it is known in France –… Continue Reading…