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Real Estate

“Fewer low-income Americans took out mortgages in 2023, study says”

“Fewer low-income Americans took out mortgage loans last year than 2020, real estate broker Redfin said in a report on Monday, as steep interest rates make homebuying less affordable. As aggressive rate hikes by the U.S. Federal Reserve have pushed… Continue Reading…

Stocks

“Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says”

“ …” https://www.cnbc.com/2024/04/25/former-tesla-svp-drew-baglino-is-selling-181point5-million-worth-of-stock.html His sell of stock might not be long term. (over five years) There’s always the possibility of him just wanting to avoid the upcoming stock market crash. It’s going to happen and can’t be avoided. Once the… Continue Reading…

Economy, Predictions, Opinions, & Comments

“Are Stocks Going to Crash if Joe Biden Wins and Democrats Control Congress? Here’s What History Says About Stock Market Returns When Democrats Win.”

https://finance.yahoo.com/news/stocks-going-crash-joe-biden-090600124.html This article is garbage so I’ll just comment on the headline. This is my opinion on whats going to happen. The market is going to crash either way but outcomes will be different depending on who’s President. Under Biden… Continue Reading…

Economy

“29% of households… ‘one emergency from poverty,’ one expert says”

“Over time, higher costs [Inflation] and sluggish wage growth have left more Americans financially vulnerable, with many known as “ALICEs.” Nearly 40 million families, or 29% of the population, fall in the category of ALICE — Asset Limited, Income Constrained, Employed — according to United… Continue Reading…

Energy

“AI-Driven Power Demand Is Set to Jump 900% in Chicago Area, Exelon CEO Says”

“…The demand surge wouldn’t be met immediately by more power generation. New data centers would initially be served by excess capacity already on the regional grid, imported electricity from other areas and then eventually by newly constructed sources, said Paul… Continue Reading…

Business, Stocks

“Whistleblower says Boeing should stop production of 787 Dreamliner due to safety issue”

“A Boeing engineer-turned-whistleblower who contends that the aerospace giant’s 787 Dreamliner is unsafe to fly due to assembly flaws doubled down on his claims Tuesday, saying that the plane could fall apart and “drop to the ground” midflight unless the… Continue Reading…

Cryptocurrencies

“Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says”

“…Hayes added that U.S. tax payments, due on April 15, coupled with the Federal Reserve’s quantitative tightening (QT) policies, could remove dollar liquidity from the market, leading to broad-based risk aversion and a fire sale of crypto assets around halving. “Given that… Continue Reading…

Business

[Soccer] “Tottenham reports record $691M revenues and says it’s ‘in discussions with prospective investors'”

“Tottenham recorded a 24% increase in total revenues for 2022-23 to reach a record 549.6 million pounds ($691 million) and said it was “in discussions with prospective investors.”… However, operating expenses including first-team costs rose by 21% to 487.9 million… Continue Reading…

Banking, Business

“NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent”

“New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. The bank had $77.2 billion in deposits as… Continue Reading…

Business

“Cisco says it’s cutting 5% of global workforce, amounting to over 4,000 jobs”

“…It’s the latest tech company to downsize in 2024, as the industry continues to squeeze out costs following the market downturn that hit two years ago. January was the busiest month for job cuts in the industry since March, as Alphabet, Amazon,… Continue Reading…