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Real Estate

“[Florida] Property prices boomed here during Covid – they are now being slashed as soaring numbers of homes sit unsold”

“Its warm weather, low taxes and relatively affordable housing market attracted a surge of Americans to Florida during the Covid-19 pandemic, pushing up home values in the state. But as prices stagnate and supply soars in some areas, it seems that Florida’s housing bubble… Continue Reading…

Energy

“Hot oil summer: Soaring prices threaten consumers and Biden”

“…The big picture: Average gas prices are up 24 cents per gallon over the last month to $3.63, per AAA, and summer driving demand typically puts more upward pressure on costs. Threat level: The Middle East crisis has already pushed up oil… Continue Reading…

Stocks

“2 Soaring Growth Stocks That Could Climb Another 47% to 73%, According to Wall Street”

“Shares of Viking Therapeutics (NASDAQ: VKTX) are up about 275% in 2023, but analysts on Wall Street think it isn’t finished climbing yet. The consensus price target on the clinical-stage biotech stock suggests a 47% gain could be up ahead…. Shares of Iovance Biotherapeutics (NASDAQ: IOVA) have more… Continue Reading…

Stocks

“Meta shares surge 20% on soaring profit, better-than-expected guidance and first-ever dividend”

“Meta shares closed up more than 20% on Friday after the company reported a tripling in fourth-quarter profit and issued its first-ever dividend. Revenue rose 25% in the fourth quarter for Meta to $40.1 billion from $32.2 billion a year earlier.… Continue Reading…

Economy

“Robust holiday shopping sends economy soaring into 2024”

“…On Tuesday, fresh retail sales data from Mastercard showed that consumers spent big on gifts, meals and apparel in November and December despite inflation’s lingering bite. Add on strong consumer confidence, and the S&P 500’s approaching an all-time high, and… Continue Reading…

Banking, Stocks

“Bank Stocks Are Soaring After the Latest Interest Rate News…”

“Last week, the Federal Reserve indicated that it will keep pushing the pause button on interest rate hikes, and that it expects to cut interest rates next year. That’s been cause for celebration on Wall Street, where high interest rates… Continue Reading…

Economy

“‘Bad situation’: Soaring US dollar spreads pain worldwide”

“The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money… Around… Continue Reading…

Energy

“Soaring gas prices are forcing some Uber, Lyft drivers off the road”

“…The Consumer Price Index, which measures the prices Americans must pay for goods and services, is up 8.5% from a year ago — notching a fresh high in March. However, gas prices jumped 18.3% for the month, boosted by the war in Ukraine and… Continue Reading…

Economy

“Soaring Prices Are Changing the Way People Eat”

“In India, roadside restaurateurs are halving their palm oil use and moving into steamed snacks. Bakers in Ivory Coast want to cut the size of their standard baguette. Sandwiches from U.S. fast-food stalls are headed for fewer slices of bacon,… Continue Reading…

Business, Economy

“Domino’s Pizza forecasts soaring food costs in 2022, reiterates long-term sales outlook”

“Domino’s Pizza said it expects higher food prices to persist this year, putting pressure on the chain to cope with rising costs without alienating consumers. “We expect unprecedented increases in our food basket costs versus 2021,” CEO Ritch Allison told attendees… Continue Reading…