Author: Press Room
Waiting for the real estate market to cool down before buying a home? There are ways to stay financially prepared. I moved to Charlotte, North Carolina from New York City, almost a decade ago for one primary reason — home affordability. Since then, I’ve bought two and sold two homes in Charlotte, and went back to renting while I wait to make my next home purchase. Except now feels like the worst time to be a home buyer since Charlotte was dubbed 2023’s hottest real estate market according to Zillow. The National Association of Realtors reported the national median existing…
Today is 4/20, a counterculture holiday based on the celebration of cannabis. A few years ago, the day would have confounded some. Now, 4/20 is so mainstream that it trends on social media. Cannabis simply doesn’t have the same taboo as it once did, largely due to legalization efforts. History Of 4/20 While there are dozens of theories about how the date came to have such significance, the most widely accepted explanation can be traced to a group of teenagers from San Rafael, California. The group, nicknamed the Waldos for their favorite hangout spot (a wall outside of school), used…
Single-family home prices rose by 4.7% year-over-year in the first quarter of 2023, according to the latest Home Price Index reading by Fannie Mae. On a quarter-by-quarter basis, home prices increased by 1.0% in Q1 2023, Fannie Mae reported. However, annual home price growth was down from the previous quarter’s revised annual growth rate of 8.6%, according to Fannie Mae. “As expected, the annual rate of increase in home prices has slowed dramatically in response to the rapid and significant increase in interest rates,” Doug Duncan, Fannie Mae’s senior vice president and chief economist, said in a statement. “Still, the fact…
The U.S. economy is almost certainly careening toward a recession that will have a years-long impact, according to the Federal Reserve’s own staff. Minutes from the Fed’s March meeting released last week indicate that its forecasters believe a minor downturn is imminent after recent turmoil within the banking system – even as the central bank’s top policymakers deny such an outcome. “Given their assessment of the potential economic effects of the recent banking-sector developments, the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years,”…
LONDON — U.K. inflation remained stubbornly in double digits in March, driven largely by soaring food prices, while the country’s cost-of-living crisis shows little sign of abating.The 10.1% annual headline inflation figure of Wednesday came in above consensus estimates, and the consumer price index rate sits almost a full percentage point higher than the Bank of England’s Monetary Policy Committee projected in its February report.Food and non-alcoholic beverage prices rose by 19.2% in the 12 months to March, experiencing their sharpest annual incline in more than 45 years, the Office for National Statistics said Wednesday.As British households continue to contend…
Tesla cut prices for some of its Model Y and Model 3 electric vehicles in the United States, its website showed late on Tuesday, the sixth time it has lowered U.S. prices this year amid concerns about the effect on its profit margins.Tesla, which is due to report January-March quarter results on Wednesday, cut the prices of its Model Y “long range” and “performance” vehicles by $3,000 each and that of its Model 3 “rear-wheel drive” by $2,000 to $39,990.related investing newsThe Elon Musk-led company has cut U.S. prices of its base Model 3 by 11% so far this year…
Apple CEO Tim Cook met with Indian Prime Minister Narendra Modi on Wednesday, pledging to invest further in the fast-growing economy as his company ramps up retail and manufacturing activities. The visit underscores how the world’s most valuable company is continuing to pivot to India, eyeing its potential as both a consumer market and production hub. India is set to surpass China as the world’s most populous nation by the middle of this year, according to data released by the United Nations. “From education and developers to manufacturing and the environment, we’re committed to growing and investing across the country,”…
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Thursday April 20th 2023 – Web3 recruitment platform DeeLance has raised $307,000 from hungry investors, just three weeks after its presale started.There are only 3 days left of Stage 1 and the run rate is accelerating briskly as a result. Adding to the frenzy is the fact that token buyers at today’s price will get a 112% upside when the $DLANCE token lists on exchanges – the list price is $0.053.The Stage 2 price jumps 16% to $0.029 from the current $0.025, so there really is no time to lose for those considering an investment.FOMO hots up because of 112% upside…
Morgan Stanley netted $109.6 billion in new client assets in the first quarter of 2023. 18% came from fleeing advisors and customers at struggling regional banks like First Republic. Before the hiring binge, Morgan Stanley and other banks gave a $30 billion lifeline to First Republic. Morgan Stanley beat profit estimates with its first-quarter results and got a little boost from the banking crisis. The wealth management business continued to buoy the bank’s performance even as investment banking revenues dropped 24% amid a drought in M&A and IPOs. Morgan Stanley reported $109.6 billion in net new client assets.Analyst Steven Chubak of…
