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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…

Stocks

“Walmart-Backed AI Warehouse Tech Company Symbotic Reports Record Revenue; Shares Soar 40%”

“…Symbotic, which creates robotic tech platforms powered by artificial intelligence (AI) to provide end-to-end supply chain solutions, reported fiscal fourth quarter revenue of $392 million, up from $244 million a year ago, and a net loss of $45 million compared to a loss of… Continue Reading…

Stocks

“Volvo shares tumble 14% to record low as Chinese owner Geely sells off stock”

“Volvo Cars shares tumbled as much as 14% on Friday morning after its parent company Zhejiang Geely Holding Group began a sale of around 100 million shares of the Swedish carmaker. …Volvo shares are down 25% year to date… Geely will… Continue Reading…

Banking, Economy

“ECB breaks record streak of rate hikes as economy weakens”

“The central bank for the 20 countries that use the euro left the rate it pays on deposits at a record-high 4.0%, reaffirming that the current level of borrowing costs may just be enough to tame inflation if kept there… Continue Reading…

Real Estate

“Home prices hit record highs in nearly two-thirds of major markets”

“Home prices are ticking up again and reaching new highs in many markets across the country, according to a new report. Prices grew by 0.8 percent in June after slowing for more than a year, pushing prices to record levels in around… Continue Reading…

Energy

“IEA says coal use hit an all-time high last year — and global demand will persist near record levels”

“Coal consumption increased by 3.3% to hit a fresh record high of 8.3 billion metric tons in 2022, the International Energy Agency said Thursday. According to the Paris-based organization’s Coal Market Update, demand increased “despite a weaker global economy, mainly driven… Continue Reading…

Business

“Meta fined a record $1.3 billion over EU user data transfers to the U.S.”

“Meta has been fined a record 1.2 billion euros ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S. The decision links back to a case brought by Austrian privacy campaigner Max Schrems who… Continue Reading…

Economy

“There’s a record $5.3 trillion is cash on the sidelines as investors get more bearish on stocks. Here’s why that could mean big gains ahead.”

“… Investors are hoarding cash at record levels and there’s no sign of the trend reversing amid high interest rates and depressed investor sentiment towards the stock market. Money market fund assets have ballooned to a record $5.3 trillion, with… Continue Reading…

Economy

“China’s Debt-to-GDP Ratio Rises to Record 279.7% on Credit Boom”

“…The macro leverage ratio — or total debt as a percentage of gross domestic product — soared to 279.7% in the first quarter, according to central bank and statistics bureau data compiled by Bloomberg. That was an increase of 7.7… Continue Reading…

Real Estate

“Manhattan real estate sales plunge 38%, but cash deals hit all-time record”

“Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile, according to new reports. Total sales volume fell to $4.4 billion in the quarter, with 2,242 apartments and… Continue Reading…