Pending Home Sales Rise 8.1% in August as Buyers Return
(NAR) The US pending home sales reached 119.5 in August, a jump of 8.1% from July. The sales were down by 8.3% from the comparable month of 2020. The surge…
(NAR) The US pending home sales reached 119.5 in August, a jump of 8.1% from July. The sales were down by 8.3% from the comparable month of 2020. The surge…
(Philadelphia Fed) Philadelphia Federal Reserve President Patrick T. Harker believes the central bank should slowly and methodically taper $120 billion in bond purchases. Harker says he sees a “cautious optimism”…
(Financial Times) US Democrats in Congress are seeking a way to raise the debt ceiling even as policymakers and some government officials warn of looming default. Top Democrats are already…
(Bloomberg) Affirm Holdings Inc. is vying to become a one-stop-shop by debuting a debit card and allowing customers to trade digital assets directly from the company’s savings accounts. Affirm CEO…
(Interview) Tesla CEO Elon Musk has asked the US government to sit back and “do nothing” about crypto regulation as any intervention could curtail growth. Musk says it is not…
(European Commision) Economic sentiment shows stability in Europe, with the index up by 0.2 points to 117.8 in September in the euro area, but unchanged at 116.6 in the EU.…
(Micron) Micron Technology Inc. posted revenue of $8.27 billion in Q4 2021, an uptick from $6.06 billion in the comparable quarter of 2020. The revenue was an increase from $7.42…
(Bloomberg) The hidden debt held by China’s local governments stood at 53 trillion yuan or $8.2 trillion at the end of 2020, more than triple from 16 trillion yuan in…
(Bloomberg) More than $200 billion worth of market value was wiped out in early trading on Tuesday as investors were lured by rising bond yields. Apple, Amazon, Nvidia all posted…
(The Conference Board) US Consumer Confidence Index fell to 109.3 in September, from 115.2 in August following renewed fears over the spread of the Delta variant. The Present Situation Index…
(Census Bureau) The US registered an international trade deficit of $87.6 billion in August, up by $0.8 billion from July. Exports of goods rose by $1.1 billion from July to…
(CoinShares) Investment inflows into the world-leading cryptocurrency Bitcoin reached $50.2 million in the week to September 24, the highest in four months. Second-leading cryptocurrency Ether saw about $28.9 million worth…