New Home Sales Surged 8% in December
U.S. new home sales were much stronger than expected as lower interest rates attracted buyers, according to data released Thursday by the Commerce Department. New home sales in December increased by 8% to an annual rate of 664,000 from the previous month's revised figure of 615,000. Total sales for the past three months have been […]
Dr Martens’ revenue plummets by a fifth as US sales plunge | Dr Martens
Dr Martins said its sales fell by nearly a fifth in the last three months of 2023 as US sales continued to decline and inflation-weary consumers continued to rein in spending. . The British bootmaker said in a trading update on Thursday that third-quarter sales were down 18% to £274m, and like many retailers it […]
Illinois Gov. J.B. Pritzker touts marijuana sales in state
Illinois Gov. JB Pritzker (D) raised eyebrows when he praised marijuana sales in the state. “For the third year in a row, Illinois adult-use cannabis sales have experienced record growth. We are building the most prosperous and accessible cannabis industry in the country, and we remain committed to repairing the damage of the past. We […]
Existing home sales in 2023 sank to lowest levels since 1995
As mortgage rates rose to the highest levels in more than 20 years and prices hit record highs, putting homeownership out of reach for many Americans, previously resident U.S. home sales fell to the lowest level in nearly 30 years in 2023. The National Association of Realtors announced Friday that the total number of existing […]
Existing home sales tumbled to lowest level since 1995 last year
FOX Business real estate contributor Katrina Campins discusses whether the housing market is on the brink of a boom after the Fed hints at lower interest rates on “Making Money.” Existing US home sales After rising the previous month, it fell in December, ending the worst year for the housing market in nearly 30 years. […]
Home Sales Fall Again, Closing Out Worst Year Since 1995
U.S. existing home sales fell in December, marking the sixth decline in the past seven months and confirming that 2023 will be the worst year for home sales since 1995. Despite high interest rates, demand for housing remains very strong. But many owners are reluctant to put their homes on the market because selling would […]
Home sales fell to nearly 30-year low as median home price hit record high in 2023
Existing home sales fell to a 28-year low in 2023, while the median home price hit a record high, according to a new report from the National Association of Realtors (NAR). Existing home sales fell to 4.09 million units last year, the lowest annual home sales since 1995, according to the report. Meanwhile, the median […]
Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says – CoinDesk
Financial giant JPMorgan (JPM) said in a research note on Thursday that Bitcoin BTC has lost $1.5 billion since the physical exchange-traded fund (ETF) was launched for the first time last week, leaving the Grayscale Bitcoin Trust GBTC. It said that the stock had fallen by more than 15%. “Over the past year, GBTC investors […]
NYC building sales slump despite plummeting prices because of crippling regulations, high interest rates
City building values are falling under the weight of high interest rates, crippling regulations, and massive vacancies caused by working from home and layoffs due to the pandemic. Many properties are currently worth less than their debts and remain unsold. Sales in 2023 were the lowest since 2009, according to the New York Real Estate […]
Google to lay off hundreds of employees as sales team adopts AI: report
Constellation Research founder R 'Ray' Wang reveals his company's top AI stocks on 'Varney & Co'. Google will lay off hundreds of employees from its ad sales team in a further cost-cutting measure, the company announced. The layoffs come as Google plans to restructure its ad sales division, cutting teams focused on large customers and […]