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Economy, Real Estate

“Nearly half of Americans selling their homes don’t plan to buy another: Here’s what they’re doing instead”

August 2, 2021

“The housing market is red-hot and showing few signs of slowing down. Home prices were at a median $386,888 in June, according to Redfin, up 24% since last June. And demand is high: The average house lasted just 14 days on the market,… Continue Reading…

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Business, Economy

“One corner of the auto market is hitting records as used car prices surge”

July 28, 2021

“A global chip shortage has put the squeeze on car production and driven the price of used cars higher. Used car and truck prices rose by more than 45% in June, according to the most recent read on inflation. That looks to have had a… Continue Reading…

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Economy

“Used car prices rose 21% during the pandemic: How buyers can find a good deal and sellers can take advantage”

July 26, 2021

“Used car prices averaged $25,410 during the second quarter of 2021, up from $20,942 a year ago, according to automotive resource site Edmunds. That’s a 21% jump. Because of the global microchip shortage, manufacturers are unable to produce enough new cars to… Continue Reading…

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Economy

“Another 2.2 million stimulus checks have gone out. Here’s who received the payments”

July 22, 2021

“…That legislation authorized payments of up to $1,400 per person, plus $1,400 per eligible dependent, for individuals and families who fall under certain income thresholds and also meet other requirements. For the latest tranche, about 1.3 million of the payments… Continue Reading…

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Business, Economy, Stocks

“Domino’s earnings beat as pizza demand remains strong in the U.S.”

July 22, 2021

“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $3.12 adjusted vs. $2.87 expected Revenue: $1.03 billion vs. $972.3 million expected The pizza chain reported fiscal second-quarter net income… Continue Reading…

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Business, Economy

“The garbage industry has outperformed the market since 2015. Here’s why”

July 22, 2021

“America has long remained one of the most wasteful countries in the world, generating 239 million metric tons of garbage every year, about 1,600 to 1,700 pounds per person. While some view it as a threat to our environment and society, the… Continue Reading…

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Economy

“Oil Could Hit $80 by Year End, JPMorgan Says. Here’s Why.”

July 21, 2021

“Oil is likely to jump to $80 a barrel by year end amid expanding demand and a lack of supply, according to JP Morgan analysts led by Joyce Chang. The upcycle in energy prices is supported by a surge in demand as the world… Continue Reading…

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Economy

“Oil prices tumble under $70 a barrel after OPEC+ reaches production deal”

July 19, 2021

“Crude prices tumbled to start the week, after Organization of the Petroleum Exporting Countries and its allies, including Russia, reached a deal to boost oil production amid climbing demand. West Texas Intermediate crude for August delivery  CL00, -3.73% CLQ21, -3.70% dropped nearly 3.7% to $69.16… Continue Reading…

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Economy

“Iceland’s four-day work week trial was a triumph for all”

July 7, 2021

“The trial, which started in 2015 and involved more than 2,500 workers, showed that reducing work hours was overwhelmingly positive for people in a range of workplaces, while productivity remained about the same or improved in some cases. Parents said… Continue Reading…

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Economy

“There are plenty of jobs, but not enough people to fill them. What’s going on?”

July 5, 2021

“The U.S. created 850,000 new jobs in June. Great. Yet 9 million people who likely would be working right now had there been no pandemic are still sitting at home. The economy would recover a lot faster if they were… Continue Reading…

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