The housing market is currently experiencing a shift in dynamics, with the supply of homes for sale increasing at a rapid pace. According to a recent report from Realtor.com, active listings in August saw a 36% year-over-year increase, marking the 10th consecutive month of growth. However, despite this positive trend, inventory levels are still 26%
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The Green Bay Packers are an anomaly in the world of professional sports ownership, as they are the only National Football League team with an ownership structure that resembles a publicly traded company. With a valuation of $6.3 billion, the Packers stand as the 12th most valuable NFL franchise, according to CNBC’s Official 2024 NFL
China’s policymakers are facing the critical task of boosting domestic demand in order to combat deflationary pressures within the economy. Former head of the People’s Bank of China, Yi Gang, emphasized the importance of improving domestic demand as a key strategy to address the challenges faced by the real estate market and local government debt
Vice President Kamala Harris has recently proposed higher taxes on wealthy Americans and corporations, aligning her economic agenda with that of President Joe Biden. This includes a 25% minimum tax on total income, which would also target unrealized gains exceeding $100 million. However, experts are skeptical about the feasibility of this plan gaining traction. Wealth
As CNBC introduces its Official NFL Team Valuations, it’s evident that the business of professional football is a lucrative one. The rankings provided by CNBC’s senior sports reporter, Michael Ozanian, give a glimpse into the financial aspect of NFL teams, considering factors such as revenue, profit, and debt. The average value of an NFL team
Volvo Cars recently made adjustments to its margin and revenue goals due to the increasing complexity of global trade and tariffs. The Swedish automaker, majority-owned by China’s Geely Holding, now aims for a 2026 EBIT margin of 7-8%, down from its previous target of “above 8%”. This change reflects the challenges posed by international trade
In a bold move to revolutionize the payment industry, Visa has announced its plans to launch a dedicated service for account-to-account (A2A) payments in Europe, skipping traditional credit cards and direct debit methods. This innovative approach aims to provide users with more control and security over their transactions, ultimately redefining the way people make payments
London landlords are facing a tough situation as they are selling their buy-to-let properties at record rates. The U.K. Labour government’s anticipated tax hikes are adding further pressure to what was once a lucrative investment sector. Data from property portal Rightmove shows that almost one-third of homes currently for sale in the capital were previously
Broadcom, the third biggest component in the VanEck Semiconductor ETF, has shown impressive growth with shares up about 16% over the past three months. However, it is important to note that shares are currently down 17% from the June high, indicating some volatility in the stock. The SMH, where Broadcom holds a significant position, is
The latest data from the Mortgage Bankers Association reveals that mortgage demand is now heavily skewed towards refinancing. This shift is primarily driven by a consistent decline in interest rates over the past five weeks. Although total mortgage application volume saw a marginal increase of only 1.6% compared to the previous week, the majority of
