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Stocks

“Nvidia stock surges after earnings beat estimates across the board”

“….For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Analysts were expecting EPS of $4.60 on revenue of $20.4 billion. That’s a massive jump from the same period last quarter when Nvidia… Continue Reading…

Banking, Economy, Real Estate

“China’s property crisis is starting to ripple across the world”

“Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market…… 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…

Real Estate

“Property Values Fall Across US, Europe on Bite From Inflation”

“…Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…

Economy, Energy

“California’s gas average tops $6 per gallon as prices across the U.S. surge”

“California’s state average for a gallon of gas has surged above $6, making fuel in the Golden State the most expensive across the U.S. The average price at the pump in California hit a record $6.021 per gallon on Tuesday,… Continue Reading…

Economy

“Rents reach ‘insane’ levels across US with no end in sight”

“…In the 50 largest U.S. metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. And nowhere was the jump bigger than in the Miami metro… Continue Reading…

Business, Economy

Trend: Auto Sales Seem To be down Across The Board

I was looking through the news and seen some what of a trend. “Japanese automakers’ China car sales tumbled in August” https://finance.yahoo.com/news/japanese-automakers-china-car-sales-083033156.html “Ford’s U.S. sales decline 33% in August as chip shortage devastates auto industry” https://www.cnbc.com/2021/09/02/fords-us-sales-fall-33percent-as-chip-shortage-devastates-auto-industry.html “Russia’s August auto sales… Continue Reading…

Banking, Economy

“The Fed to start buying Treasurys Friday across all durations, starting with 30-year bond”

“In an announcement Friday, the central bank said it was accelerating to Friday purchases it announced a day before. The move comes in response to market demand that the Fed act immediately to quell what has been an extraordinarily volatile… Continue Reading…

Economy

“Bankruptcy filings rising across the country and it could get worse”

“According to data released last week by the ABI, US bankruptcy filings surged by 3 percent in July 2019 from July 2018. A total of 64,283 filings were reported for July, up from 62,241 for July 2018. And if the… Continue Reading…

Business, Economy

“Monopoly power is growing across the developed world — and it’s hurting workers, IMF finds”

“Growing monopoly power is seen across the developed world, which could be a contributor to ills ranging from lackluster investment growth to growing income inequality, a new International Monetary Fund report finds. The IMF paper, released ahead of its World… Continue Reading…