“Mortgage interest rates have remained higher-for-longer, which has left the overall housing market weaker-for-longer,” Lennar chairman and co-CEO Stuart Miller said in an earnings call.
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With anecdotes of owners trading in their Teslas amid backlash over CEO Elon Musk’s unelected role as agency dismantler-in-chief for Trump 2.0, don’t be surprised to see a few more of the EVs parked under giant tube men at Chicago-area used car lots this spring. The number of used Teslas for sale in the Chicago area is up 1% in March year-over-year, bucking an overall trend that saw inventory ...
As it currently stands, the U.S. will consolidate its holdings of 200,000 bitcoins into one centralized reserve. For example, the Trump team has left open the possibility of finding new budget-neutral strategies to buy even more Bitcoin. The big idea here is that the government won't use taxpayer funds to buy more Bitcoin.
Middle Eastern countries are known for their vast oil wealth, low taxes and hot weather. What they are not known for is being sexually permissive.
Americans over the age of 75 are expected to grow their spending by more than $2 trillion in the next 10 years, according to Mizuho.
"Global investors are not anywhere close to short US or global equities," Bank of America's Michael Hartnett said this week.
(Bloomberg) -- European Union member states are pushing for a possibility of deviating from gas storage targets over the next two years if market prices excessively boost the cost of replenishing reserves.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting
Recession talk is growing, with Goldman Sachs raising its recession probability to 20% recently. Pain is also being felt in households and the stock market.
(Bloomberg) -- Chile’s central bank held its key interest rate unchanged for the second straight meeting with policymakers signaling they’re in no rush to adjust borrowing costs as global economic uncertainty worsens.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite
