Housing affordability deteriorates as prices, mortgage rates stay high
Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased....
Housing market to remain ‘stuck’ until at least 2026: Bank of America
The housing market is unlikely to recover for several years and affordability won't get any better unless a recession hits,...
Nobel prize-winning economists warn Trump would ‘reignite’ inflation
Joseph StiglitzCameron Costa | CNBCSixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic...
U.S. auto sales are expected to slow during the second half of 2024
Cars sit on a Chevrolet dealership's lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global,...
Why Tesla’s newest stock-market bull says the company is simply without peers
A Stifel analyst says legacy carmakers don’t have the EV know-how to adequately compete with Tesla. Source link
GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO
DETROIT – General Motors' Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its...
Micron’s stock falls after earnings as revenue forecast fails to pack big upside
Investors may have wanted to see more upside given the recent move higher in Micron shares. Source link
Trump Media stock claws back 36% after major sell-off
Sopa Images | Lightrocket | Getty ImagesShares of Trump Media closed higher Tuesday after whipsawing in intraday trading, notching a...
Will Biden and Trump need caffeine to debate? A look at today’s $24 billion energy-drink market.
There are now dozens, maybe hundreds, of brands competing in the energy-drink space, with new ones being launched constantly. Source...
Biden Cabinet officials unveil new plans to lower prices ahead of Trump debate
U.S. President Joe Biden delivers remarks alongside Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo during a Cabinet Meeting...
China is panicking:
Last week ALONE, China ETFs saw $2 billion of outflows, marking the largest weekly outflow in history.
Despite deploying pandemic-like stimulus, recent data suggests that China's economy is WORSENING.
Is China entering an economic depression?
(a thread)
BREAKING: Retail investors bought ~$42 million worth of MicroStrategy stock, $MSTR, on Wednesday, marking the largest daily retail buy on record.
This is ~8 TIMES higher than the daily average seen in October.
In total this week retail has bought a MASSIVE ~$87 million of the… https://x.com/i/web/status/1859968078571802745
China is panicking:
Last week ALONE, China ETFs saw $2 billion of outflows, marking the largest weekly outflow in history.
Despite deploying pandemic-like stimulus, recent data suggests that China's economy is WORSENING.
Is China entering an economic depression?
(a thread)
US credit rejection rates are spiking:
The average rejection rate for credit hit 22.9% in October, the most in at least 11 years according to the Fed credit access survey.
Meanwhile, the credit card rejection rate rose to 20%, the highest since 2014.
Credit card limit increase… https://x.com/i/web/status/1859737201078161412
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