Where did South Florida homebuyers go? Sales fall by double digits in March
The drop comes amid high prices and steady mortgage rates.
March homes sales dropped despite a surge in supply. Here's why.
The median price of an existing home sold in March was $393,500, up 4.8% from the year before.
Tech layoffs jolt Bay Area economy with hundreds of new job cuts
A high-profile aerospace and defense contractor and a semiconductor company were among the latest tech firms to chop jobs in the Bay Area, cutbacks that will erase more than 200 positions.
Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand.
Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall
ASML on Wednesday said first quarter profit beat expectations while sales missed forecasts, with the compant sticking to its full-year outlook.
Today Binance will list the new OMNI crypto.
But be careful, many are not understanding well.
We are not talking about the old layer 2 of Bitcoin Omni Layer, but Omni Network, a layer 1 of Ethereum! #leofinance #economy #crypto #binance
The effect Iran's attack on Israel could have on commodities
In the wake of Iran's recent offensive against Israel, investors have been on edge, speculating about the potential ramifications for commodities.
Retail sales jumped 0.7% in March, much higher than expected
Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% increase.
2/🧵Higher inflation could reduce consumers' purchasing power, affecting their ability to buy and save for the future. #economy #web3, #leofinance, #hive #threadstorm.
No surprise considering #oil prices.
Inflation increased 3.5% in March
The fight to reduce inflation has struck a rough patch in recent months.
How India Can Take China’s Growth Crown
If India hits all the right economic notes it could lead global growth by 2028.
The cost of living in Nigeria has increased drastically in the last few years, #outreach #threadstorm #inflation #economy
1/ 🧵
US Services Growth Cools as Price Gauge Drops to Four-Year Low
ISM services PMI declined 1.2 points in March to 51.4
IBM is slashing jobs in marketing and communications PUBLISHED TUE, MAR 12 20242:58 PM EDTUPDATED 35 MIN AGO thumbnail Hayden Field @HAYDENFIELD #newsonleo #jobcuts #ibm #economy Article link in comments
If we are in for a future of population decline, it is likely that we will see housing prices fall. The problem with this is it disproportionally affects the middle class, especially those who need their homes to fund a portion of their retirement.
Fed gets another reason not to rush on rate cuts
Federal Reserve policymakers weighing when to start interest-rate cuts got another reason Friday to sit tight for now, after a government report showed jobs growth surged in February but the overall labor market continued to show signs of cooling.
Employers added a robust 275,000 jobs last month, a Labor Department report showed on Friday, handily beating the 200,000 that economists expected.
I love it when I earn my yearly salary in one day of crypto...
Our society doesn't understand that no matter what time you've lived in, if you know how the economy works you'll get rich. You'll never get rich working!
During the era of exploration was knowing where you could mine gold and spices and make the best trades, during the era of the slave trade, was where to buy the best slaves, during the era of the romans, was knowing about the economy of war, to fund the roman empire expansion.
Nowadays, you need to know about a few topics that really matter:
- How money works (debt and inflation)
- How to use debt to leverage yourself
- Stock market
- Real Estate
- Crypto (New kid on the block)
If you know these things, you'll get rich in no time... If you don't, and especially if you think that working is the way to go and are not ready to make the needed sacrifices...
You'll wander and struggle through life...
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