Economy
-
Yale’s Robert Shiller suggests that the 10-year surge in U.S. home prices may be nearing its conclusion
According to Robert Shiller, a renowned economics professor at Yale University, the remarkable ten-year surge in U.S. home prices may…
-
Billionaire investor Barry Sternlicht says that higher interest rates are hitting commercial real estate hard, like a ‘hurricane’
According to billionaire investor Barry Sternlicht, commercial real estate is facing a severe crisis akin to a “Category 5 hurricane”…
-
Chinese real estate giant Evergrande records staggering losses of $81 billion over the course of the last 2 years
China Evergrande Group has recently released its long-delayed earnings report, revealing a staggering combined loss of $81 billion. The company’s…
-
Temasek, the Singapore state investor, has reported its lowest returns since 2016
In 2023, Temasek, a Singapore-based company, experienced a 5.07% decrease in its total shareholder return over the course of one…
-
Private sector companies exceeded expectations in June by adding over 497,000 jobs, more than twice the anticipated amount, as reported by ADP
In June, there was a significant surge in private sector jobs, with an increase of 497,000. This growth surpassed the…
-
The US economic growth for the previous quarter has been revised upward, indicating a 2% annual rate
Despite the challenge of rising interest rates, the U.S. economy exhibited remarkable resilience, achieving a solid annual growth rate of…
-
Ford lays off engineering staff in the United States and Canada
On Monday, Ford Motor announced its plans to initiate layoffs this week, primarily impacting engineering positions in the United States…
-
Rich countries commit to releasing billions of dollars to support the battle against climate change
Leaders at the “Summit for a New Global Financial Pact” in Paris announced that multilateral development banks are anticipated to…
-
The European Central Bank is approaching the conclusion of its hiking cycle as inflation decelerates
The European Central Bank is preparing to once again raise its benchmark policy rate due to persistently high inflation. The…
-
The credit card debt of Americans amounts to almost “$1 trillion”
According to the latest data from the Federal Reserve Bank, credit card debt in the United States has reached a…
