Sales of existing homes, which normally make up most of the housing market, dropped 3.3 percent in June from May to 4.16 million units, down 18.9 percent from a year earlier and the slowest sales pace since January, the National Association of Realtors reported.
The number of office buildings burdened with troubled loans, or already repossessed by lenders, jumped 36 percent in this year’s second quarter from the first, MSCI Real Assets reported.
Altering the natural genetics of trees and increasing the use of glyphosate might not strike many sensible people as “environmentally friendly.”
Congress published an FBI agent's redacted write-up from June 2020 that claimed President Joe Biden and his troubled son Hunter both pulled in $5 million in bribes from Mykola Zlochevsky, the owner of Burisma—who felt “coerced” to make the payment.
Politicians in Washington continue to be owned and operated by Israel after the House overwhelmingly passed a resolution that rejected claims that the country is racist against Palestinians or an apartheid state.
Equity markets in the U.S. are rising as fear of a recession diminishes and corporate profits continue to increase. But while the expectations for economic growth keep rising, the value of the dollar keeps falling. Sinking to a one-year low on anticipation that the Federal Reserve will, at best (or worst) raise interest rates just another 50 basis points and then start lowering them, last week the dollar had its worst week of the year... and the downward trend line continues.
The dollar’s value sank to its lowest in 14 months against other major world currencies on 14 July, according to the U.S. Dollar Index.
The plunging number of people commuting five days a week to central offices could slash the value of office real estate by $800 billion in nine key cities by the end of this decade, according to an analysis by the McKinsey Global Institute.
In the course of writing this week’s article about EV technology, I had a fascinating exchange with Google’s generative text based AI, called Bard.
Russian President Vladimir Putin said in an interview published Sunday that Ukraine’s counteroffensive has failed and the attempt to breach the 930-mile front line has resulted in failure.