Home Prices Dip for First Time off Crazy Spike, Price Reductions Surge, Sellers Emerge, House Sales Drop Year-over-Year, Inventories & Supply Keep Rising
Estimated Reading Time: 2 minutes “Normalization” or “deceleration,” as this phenomenon is called, is setting in Prices of existing single-family houses, condos, and co-ops dipped in July, reverting to seasonality for the first time since 2019, amid surging price reductions. Single-family house sales dropped 4.1% in July, from a year ago, the first decline since […]
Bud Light collapse continues as beer sales plummet to third place
Bud Light’s transgender fiasco appears to continue to take its toll on the brand. Reports found Among beers, it has fallen from second to third place. Bud Light has been the target of a nationwide boycott after transgender activists announced a partnership with the company to celebrate the “100 Days of Girlhood” campaign on social […]
Retail sales in Great Britain slump by 1.2%; government borrowing figure for June is lowest since 2019 – business live | Business
Important Events Retail sales in the second quarter declined 0.1% from the first quarter, contributing little to GDP growth. Rob WoodThe chief UK economist at Pantheon Macroeconomics said this left his second-quarter GDP growth forecast unchanged at 0.6%, compared with the Bank of England’s forecast of 0.5%. “This is due to strong consumer spending on […]
Amazon Prime Day 2024 breaks record, US online sales hit $14.2B
According to Adobe Analytics research, U.S. shoppers spent a record $14.2 billion through the online retailer during Amazon’s two-day Prime Day sale, up 11% from last year and in line with expectations. E-commerce giant Amazon announced Thursday that the 2024 event will be its biggest Prime Day sale ever. According to market research firm Numerator, […]
Taylor Swift has made luxury friendship bracelet sales soar
The economic impact of Taylor Swift cannot simply be “ignored.” Fashion designers are upgrading friendship bracelets, an accessory made popular by the superstar singer on her record-breaking Eraser tour, with gold-and-diamond versions costing up to $5,000. The Wall Street Journal reported.. The usually plain bracelets, made of multicolored threads knotted in various patterns or beads […]
FDA allows sales of best-selling tobacco e-cigarette Vuse
The U.S. Food and Drug Administration (FDA) on Thursday approved the sale of RJ Reynolds’ tobacco-flavored e-cigarette product, Vuse Alto, allowing the company to keep the product on the market. Vuse is the country’s best-selling e-cigarette brand, accounting for more than 40% of the market, according to Nielsen data. The FDA’s marketing authorization applies to […]
Zelenskiy to attend UK cabinet meeting in effort to disrupt Russian oil sales | Ukraine
Ukrainian President Volodomyr Zelenskyy is due to attend an emergency meeting of the British Cabinet on Friday to give fresh impetus to efforts to stop Russia from evading sanctions on oil exports. Zelenskiy will be the first foreign leader to visit Downing Street since Keir Starmer was elected prime minister two weeks ago and the […]
Caitlin Clark and Women’s Sports Star Jersey Sales Outpacing Manufacturers’ Ability to Make More
When WNBA star Caitlin Clark turned professional, her jerseys sold out everywhere, and demand initially reportedly outstripped sportswear companies’ production capabilities. Clark’s jerseys began selling out the moment she was drafted by the Indiana Fever of the WNBA. For example, within an hour, her jerseys were all sold out. sold out According to Front Office […]
US retail sales unchanged in June, beating forecasts for slight drop
Ironside Macroeconomics Managing Partner Barry Knapp speaks about “The Age of Financialization” during Unbreakable Investor’s “Making Money” town hall. U.S. retail sales were flat in June, signaling a strong underlying trend that could boost second-quarter economic growth forecasts. The Commerce Department’s Census Bureau said Tuesday that retail sales last month were flat, following an upwardly […]
Shooting fallout: Civil war, survivalists on lockdown, gun sales to spike
The attempted assassination of former President Donald Trump on the eve of the Republican National Convention has raised new concerns that anger at his historic comeback could lead to more violence and even civil war. With multiple polls already showing that voters were concerned about political violence before Saturday’s shooting at a Pennsylvania Trump rally, […]