LOS ANGELES — The housing market’s comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month. Sharply higher mortgage rates, surging inflation and prices that remain near all-time highs are making homes less affordable. Sales fell 20.2% from July last year, reaching the slowest …
US home sales fell in July; some buyers see silver lining Read More »
It’s a puzzling decision that will shock more than one investor. But Michael Burry is accustomed to blows of brilliance. The emblematic financier, known for having bet on the collapse of subprime mortgages before the 2008 crisis, likes to go against the general trend on Wall Street. For the past few days, the man whose …
Mr. Big Short Michael Burry Makes a Shocking Decision Read More »
It’s been a somewhat hectic August for Rivian (RIVN) . The startup, which is presented as one of Tesla’s (TSLA) most serious rivals in the race for electric vehicles, is currently accumulating setbacks. The electric vehicle manufacturer has just announced mixed earnings for the second quarter. While the company kept unchanged its forecast to produce …
George Soros Deals a Big Blow to Tesla Rival Rivian Read More »
Cruise line covid-19 vaccination and testing rules, which were imposed by the Centers for Disease Control and Prevention at the beginning of the pandemic, have been stricter than most. After the pandemic started in early 2020, the CDC signed a No Sail Order on March 14, 2020, which was finally lifted after nearly eight months …
Where Carnival, Norwegian, Royal Caribbean Sit on Covid Vaccines Read More »
This is not a typical weight-loss story. After all of the diet, supplement, and workout fads we’ve endured, we’re about to have drugs that are safe and effective. They’re our best hope yet for stemming the obesity epidemic that threatens the lives of 100 million Americans and half a billion people worldwide. No one has …
New user data from Redfin reveals that a record share of users were looking to move from one city to another in July, many in search of cheaper housing. Home prices and mortgage rates have gone up so much that people are now increasingly looking to move to more affordable areas, according to a new …
The top 10 cities desperate homebuyers are eyeing in search of cheaper housing Read More »
It’s a change to which Elon Musk hadn’t given notice, to either Tesla (TSLA) – Get Tesla Inc. Report fans or his critics. Usually, the CEO of the manufacturer of premium electric vehicles makes thundering statements and promises. When it comes to new products and new vehicles, this translates into an ultra-ambitious launch schedule with deadlines …
Surprise: Tesla Has a New Vehicle for the Holidays Read More »
Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related …
These stocks soared up to 12% after inflation cooled Read More »
Americans are notorious for not taking a break. The average U.S. worker took less than 12 days of vacation in 2021 — six fewer than the global average — according to Expedia’s latest Vacation Deprivation study of 14,500 working adults across 16 countries. Yet an overwhelming majority of workers say taking vacations makes them feel more …
Karen Raschke, a retired attorney in New York, started getting her groceries delivered early in the pandemic. Each delivery cost $30 in fees and tips, but it was worth it to avoid the store. Then earlier this spring, Raschke learned her rent was increasing by $617 per month. Delivery was one of the first things …
Demand for grocery delivery cools as food costs rise Read More »
