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Business

“General Motors’ U.S. sales jump 18% in the first quarter”

“General Motors said on Monday that its first-quarter U.S. sales rose 18% from a year ago, to just over 600,000 vehicles delivered, as it continued its rebound from the supply chain problems that limited global auto production in 2021 and… Continue Reading…

Banking

“First Citizens to Buy SVB After Biggest Failure Since 2008”

“First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade… The deal to settle SVB’s fate could help tamp down… Continue Reading…

Real Estate

“Home sales spike 14.5% in February as the median price drops for the first time in over a decade…”

“Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly… Continue Reading…

Real Estate

“84% of recent first-time home sellers have regrets…”

“Timing is everything, especially when it comes to real estate. But finding the perfect time to sell your home — especially if it’s your first time — may be a challenge as the residential real estate market fluctuates. A recent… Continue Reading…

Banking

“US Regional Banks Remain Under Pressure as First Republic Sinks”

“…Regional banks were among the hardest hit as the KBW Regional Banking Index sank 7.7%, its sharpest plunge since June 2020. The rapid selloff came even as the Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. said they were… Continue Reading…

Business

“‘Robots are treated better’: Amazon warehouse workers stage first-ever strike in the UK”

“Hundreds of Amazon workers are on strike in Britain. The walkout marks the first formal industrial action in the country for the U.S. tech giant. The 24-hour strike action began Wednesday a minute after midnight. Strikers are expected to picket outside the… Continue Reading…

Business, Economy

“‘Know your worth’ — 33% of job seekers said they wouldn’t even go to a job interview without seeing the salary first”

“Workers are pushing for greater pay transparency, whether employers like it or not. Such conversations around income expectations used to be “the elephant in the room,” said Vicki Salemi, career expert at Monster.com. Now, 33% of job seekers said they… Continue Reading…

Real Estate

“U.S. mortgage interest rates top 6% for first time since 2008″

“…The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level it was one year ago, Mortgage Bankers Association (MBA) data showed on… Continue Reading…

Economy

“China holdings of U.S. debt fall below $1 trillion for the first time since 2010”

“China’s holdings of U.S. debt have fallen below $1 trillion for the first time in 12 years amid rising interest rates that have made Treasurys potentially less attractive. Continuing a trend that began early in 2021, China’s portfolio of U.S.… Continue Reading…

Economy

“Video game sales set to fall for first time in years as industry braces for recession”

“…The global games and services market is forecast to contract 1.2% year-on-year to $188 billion in 2022, according to research from market data firm Ampere Analysis. The sector expanded 26% from 2019 to 2021, reaching a record $191 billion in… Continue Reading…