Independent thinking for complex markets and current events
New Zealanders are giving up spending at a rate that surpasses the downturn of the global financial crisis (GFC), and is close to passing that of the 1980s sharemarket crash, as well as the tough times of the 1970s. Data released from Worldline on Wednesday shows June was an “especially quiet” month for retailers. Spending …
Amazon founder Jeff Bezos has filed a notice with the U.S. Securities and Exchange Commission to sell 25 million of the company’s shares currently worth about $5 billion. In November, the word’s second richest man announced he was leaving Seattle after nearly 30 years of living in the area to move to Miami, Fla. That …
Buying a home and maintaining it is expensive, but selling it is costly, too, according to a new report. It typically costs $54,616 to sell a house in 2024, according to a June 17 report from Clever Real Estate. Almost half of surveyed home sellers, or 42%, said their costs to sell were higher than …
Let’s dive into the world of commercial real estate (CRE) loans and their current situation. CRE Loan Maturities in 2024: A Ballooning Challenge The portion of the $4.7 trillion in US commercial real estate debt that will come due this year has ballooned from $659 billion to $929 billion. These loans must be paid off through …
Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks ago. A network of eight banks held $109 million in deposits for Yotta customers as of April 11, according to Evolve Bank & Trust, which filed a bankruptcy court letter. However, …
These costs include property taxes, homeowners insurance, utilities, renovations, and maintenance. Let’s delve into the specifics: Property Taxes: The average homeowner pays $6,251 in property taxes annually. However, this amount varies significantly by state. For instance: New Jersey has the highest effective property tax rate at 2.46%, with an average tax bill of $8,928. Illinois, Connecticut, and New Hampshire also have …
WARNING: Trucking employment has been collapsing This is a precursor to recessions since 1991 pic.twitter.com/QwxGaAGIZO — Bravos Research (@bravosresearch) June 13, 2024 US ECONOMY: UNEMPLOYMENT 📈 📈 Initial claims up nearly 20% since January to 242,000! 📈Continued claims up 6.4%, reaching 1.82 million. Economic pressures persist, underlining the need for support. Stay informed and stay …
With Gen Z on track to become the most educated generation in history, those looking to stand out among the sea of college graduates may tempted to eye up a master’s degree—but be warned, it’s not the golden ticket to big paychecks and guaranteed success one might imagine. Quite the opposite: According to new research, …
Let’s examine the inflation and price changes since 2020. According to the U.S. Bureau of Labor Statistics, prices for all items have increased by 20.23% from 2020 to 2024. On average, this translates to an annual inflation rate of 4.71% during that period1. Specifically, here are some notable price increases: Gasoline: From December 2020 to December 2021, gasoline prices rose nearly 50%. Food: Food …
Revenues rose by nearly $4 billion sequentially. AR rose by less than $2.4 billion. — funwithnumberz (@funwithnumberz) May 22, 2024 Accounts receivable represent the money owed to Nvidia by its customers for products or services that have been delivered but NOT yet paid for. An increase in accounts receivable indicates that while Nvidia has made …
via naturalnews A new RedBalloon and PublicSquare report reveals that nearly half of small businesses in the United States believe they “definitely” or “probably” don’t stand a chance to survive another four years of Joe Biden presidency. The survey, which polled 80,000 small businesses, found that 22.4 percent of respondents think they definitely don’t stand a chance to survive another four years under the …
CPI Day! Keep an eye on Auto Insurance, it's currently the cause of nearly half of all annual Supercore inflation: pic.twitter.com/1w2iCSIFJp — Michael McDonough (@M_McDonough) May 15, 2024 Auto insurance rates in the US increased by 23% over the past year. That's the biggest 1-year spike since 1976. Video: https://t.co/SosH5NA4Ck pic.twitter.com/YaAuuiXDF5 — Charlie Bilello (@charliebilello) …
All legacy media is dying. And they should. I much prefer the raw, unfiltered truth of an outlet like X. #Reuters pic.twitter.com/z3xm0NaGfu — Bogachan Ozdemir (@Bogachan_1971) May 14, 2024 https://twitter.com/sw_hines/status/1790412580315697547 AC
In a jaw-dropping display of regulatory spending, the Biden administration allocated a staggering $875.3 billion in just one week, coming dangerously close to surpassing President Obama’s total regulatory expenditure over two terms. This unprecedented surge in spending, driven primarily by climate change initiatives, has sparked concerns about fiscal responsibility and government overreach. Despite creating fewer …
BIGGEST RALLY YET: President Trump takes the stage for a crowd of MORE THAN 100,000 people in Wildwood, NJ 🔥 pic.twitter.com/Vhrfhtuxhp — Karoline Leavitt (@karolineleavitt) May 11, 2024 .@realDonaldTrump during a campaign rally on the beach in Wildwood, N.J. pic.twitter.com/PyZB51bBV1 — Doug Mills (@dougmillsnyt) May 11, 2024 Donald Trump’s rally that is being held at …
FL home owners insurance is $1000/mo on average LOL pic.twitter.com/qKyh2EzQUY — Darth Powell (@VladTheInflator) May 11, 2024 10 most expensive states for home insurance A couple of coastal states that face hurricanes and flooding damage have the highest home insurance costs, but others that are impacted by wildfires and tornadoes are also among the top 10 for …
Moody’s Analytics latest data unveils a significant shift in the U.S. housing market, with the once-scorching pace of home price growth finally showing signs of tempering. The report highlights a nuanced landscape, with some regions experiencing continued ascent while others face declines, reflecting the complex interplay of affordability and demand. Key points: Moody’s Analytics House …
The California Highway Patrol and the Oakland Police Department have signed a contract to install nearly 500 cameras in Oakland and on nearby highways to help track vehicles suspected of involvement in crimes, Gov. Gavin Newsom’s office announced Friday. Under the contract with Flock Safety, the first cameras will be installed within the next 30 days, …
More than one in 10 young people who identify as LGBTQ attempted suicide in 2023, a survey from suicide prevention organization Trevor Project has found. The survey, which focuses on the mental health of LGBTQ youth, was circulated to 18,000 people from ages 13 to 24. Nearly 40 percent of LGBTQ young people seriously considered …
The UK expects to deport nearly 6,000 migrants to Rwanda this year, a senior minister said Tuesday, after the government published new details on the controversial scheme. The figures come days after the plan aimed at deterring migrant arrivals on small boats from northern Europe became law following months of parliamentary wrangling. Rwanda has “in principle” agreed …
US Food prices have risen by almost 17% in nearly 4 months. This is a level comparable to the 2023 average. Yet another example of the recent inflation rebound. pic.twitter.com/JofSUF7IEw — Global Markets Investor (@GlobalMktObserv) April 26, 2024 "You know what absolutely sucks?" "I am in my 20s right now" "I want a house, I want kids, …
by confoundedinterest17 Fed Chairs Ben Bernanke and Janet Yellen started the home price fire that Powell is trying to extinguish but can’t. Throw in a 10% burst in illegal immigration and Biden/Mayorkas just added fuel to an already out-of-control fire. Housing is becoming an exclusively upper-class privilege in a growing number of cities. According to a new …
California Gov. Gavin Newsom welcomed county and city leaders from across the state to a virtual press conference April 18 to announce a new round of funding for projects aimed at reducing homeless encampments. “This new funding will get people out of tents and into housing across California,” Mr. Newsom said. “As the state provides …
Just riding around in his car that had tinted windows… wearing a balaclava. Armed. Totally normal stuff. https://t.co/CLD6iBKRc0 — Ian Miles Cheong (@ianmiles) April 11, 2024 The media is fixating solely on the fact that the police fired nearly 100 shots at the suspect. Chicago politicians, led by Mayor Brandon Johnson, are painting the police …
via naturalnews A report has found that nearly six in 10 doctors in the United States received payments from Big Pharma firms between 2013 and 2022. This is according to a study done by researchers at Pennsylvania State University, which found that around 57 percent of doctors collectively received approximately $12.1 billion from medical device manufacturers and pharmaceutical drug makers between 2013 …
33-36" of snowfall in Marquette, Michigan in the Upper Peninsula. Enormous snowfall totals for January let alone the first week of April — nearly unprecedented. The "climate-fueled" snowfall will bury the entire Upper Peninsula. pic.twitter.com/AydOKJHjmA — Ryan Maue (@RyanMaue) April 2, 2024 The massive snowstorm last weekend shoved many northern Michigan cities into record territory …
The Dow Jones Industrial Average fell for a second day, continuing Wall Street’s lackluster start to the quarter, as bond yields increased and traders lowered expectations that the Federal Reserve would cut interest rates in June. The 30-stock Dow dropped 474 points, or 1.2%. At its session low, the benchmark was down more than 500 …
ADepartment of Transportation component slammed the brakes following semi-furious opposition to its proposal for “on demand” law enforcement surveillance of commercial vehicles a year and a half ago. It took another six months to turn over the records after a FOIA lawsuit to compel their release, a day before they were due in court Thursday, …
