The surge in home prices continues to outpace wage growth, making housing increasingly unaffordable for many Americans. In August, the median prices of single-family homes and condos reached unprecedented levels in 99% of U.S. counties, according to real-estate data company Attom. In the third quarter of 2023, annual home-price appreciation surpassed wage increases in 47% of … [Read more...] about Rising Home Prices Outpace Wages
Forex News
Costco Wholesale Reports Strong Fiscal Quarter
Costco Wholesale has achieved impressive results in the first fiscal quarter, with same-store sales rising by 4.5% in September compared to the previous year. This growth is an acceleration from August's 3.4% increase. Moreover, e-commerce sales have also experienced a notable rise of 3.7%. One significant factor contributing to Costco's success this month is the increase in … [Read more...] about Costco Wholesale Reports Strong Fiscal Quarter
Sam Bankman-Fried Trial: A Tale of Deception and Deception
The criminal fraud trial of former FTX CEO, Sam Bankman-Fried, commenced on Wednesday with contrasting narratives presented by the prosecution and defense. Prosecutors alleged that Bankman-Fried utilized billions of dollars from customer funds to enrich himself, creating a façade of power and influence built entirely on lies. In stark contrast, the defense portrayed … [Read more...] about Sam Bankman-Fried Trial: A Tale of Deception and Deception
Monex Group to Sell Control of Online Brokerage Business
Shares of Monex Group soared on Thursday morning in response to the company's announcement of plans to sell control of its Japanese online brokerage business to a subsidiary of Nippon Telegraph & Telephone (NTT). The move includes a partnership agreement between Monex Group and the acquiring company. Currently, Monex Group shares are up 18% at 659 yen, which represents the … [Read more...] about Monex Group to Sell Control of Online Brokerage Business
Diamond Sales Decline for De Beers Group in Eighth Cycle
Anglo American has reported a decline in rough-diamond sales for its majority-owned subsidiary, De Beers Group, in the eighth cycle of the year. This decrease can be attributed to the company's decision to reduce diamond availability, as certain areas of the mid-level industry work towards rebalancing their stock accumulation. In the eighth sales cycle of 2023, De Beers sold … [Read more...] about Diamond Sales Decline for De Beers Group in Eighth Cycle
