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☆ Why the biggest real estate funds still struggle
▼ + stars: | 2024-05-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Read previewBlackstone, the world's largest landlord, contends the worst is over for commercial real estate. In the first quarter, shareholders in Blackstone Real Estate Income Trust, or BREIT, its $59 billion flagship real estate investment fund, pulled out almost a billion dollars a month on average, according to the company's first-quarter earnings statement. A similar investment fund operated by Barry Sternlicht's Starwood Capital has had an even greater retreat by investors. Share pricing is determined through appraisals of the value of the underlying real estate holdings. In May, Blackstone Real Estate Partners X also completed the $3.5 billion acquisition of Tricon Residential, an owner of single family rental homes.

Persons: —, Barry Sternlicht's, Kevin Gannon, BREIT, reinvigorating, anemic, REITs, Jonathan Gray, Blackstone Heidi Gutman, NBCUniversal, Jon Gray, they're, Gray, outperformance, redemptions, Blackstone, Gannon, They're, Sternlicht, Todd Henderson, REIT, Henderson, It'll Organizations: Service, Investors, Income Trust, Business, Barry Sternlicht's Starwood Capital, Starwood Real, Blackstone, Starwood, KKR, Apollo, Federal Reserve, Communities, Blackstone Real Estate Partners, Tricon Locations: Blackstone, Brookfield, BREIT, Tricon, Nashville, DWS

☆ ‘Lempicka’ to End Broadway Run a Month After Opening
▼ + stars: | 2024-05-02 | by ( Michael Paulson | More About Michael Paulson | ) www.nytimes.com time to read: +1 min

“Lempicka,” a new musical about an artistically and sexually adventurous painter, announced Thursday evening that it would close on May 19, just a month after opening. This is the first show to fall after this year’s Tony nominations were announced on Tuesday. “Lempicka” scored three nods — for the actresses Eden Espinosa and Amber Iman, as well as for scenic design — but was shut out of the best musical category. It really needed a boost, because its grosses have been anemic — last week it grossed $288,102, which is unsustainably low for a Broadway musical. The show, which explores the life of the 20th-century painter Tamara de Lempicka, was written by Carson Kreitzer and Matt Gould and directed by Rachel Chavkin.

Persons: “, Tony, “ Lempicka ”, —, Eden Espinosa, Amber Iman, Tamara de Lempicka, Carson Kreitzer, Matt Gould, Rachel Chavkin Organizations: Williamstown Theater, La Jolla Playhouse, Broadway Locations: San Diego

☆ The American Kennel Club's pedophile problem
▼ + stars: | 2024-04-23 | by ( Katherine Long | ) www.businessinsider.com time to read: +26 min

The mother contacted the American Kennel Club, the organization that oversees most dog shows in the country. The AKC helps local kennel clubs enforce rules about conduct and animal treatment. The bulk of the organization's income comes from the dog-show community, in the form of event and registration fees paid by local kennel clubs and breeders. The debate is taking place as kennel clubs try to entice younger children to show dogs. Many dog shows include competitions for junior handlers, including a "Pee Wee" division for kids under the age of 10.

Persons: Adam Wilkerson, She'd, Wilkerson, —, It's, Brandi Hunter Munden, Munden, eyeing, Andrew Mansfield, Mansfield, Walter Palmerino, Palmerino, I'm, John Cathcart McCartney, McCartney, Eugene Zaphiris, Zaphiris, he's, Adam Stafford King, King, Jacob Boudreau, Boudreau, Dennis, Margaret Poindexter, Deb Cooper, Ashley Miller, Miller, Shimpeno's, Shimpeno, Mary Dukes, Dukes, they've, it's, Susan Shephard, West Volusia Kennel Club Shephard, hadn't, Shephard, Tonda Curry, Curry, who's, Paige McCarver, groomer, McCarver, She's, we're, Wilkerson's, she's Organizations: Westminster Kennel, Business, BI, American Kennel Club, AKC, Getty, Dog, Wisconsin, Police, American Kennel, Grand Central, Purina, ABC, ESPN, AKC Canine Health Foundation, AKC Museum, Preservation Bank, Mars, Royal, Dog News, Kids, Florida's West Volusia Kennel Club, West Volusia Kennel Club, Boy Scouts, New York Times, US Equestrian Federation Locations: Dallas, Michigan, Florida, Louisiana, Massachusetts, American, Wee, Munden, Texas, Arizona

☆ Direct Iran-Israel war could spike oil by $30 to $40, Bank of America says
▼ + stars: | 2024-04-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

A direct war between Israel and Iran could lead to substantially higher oil prices through 2025, according to Bank of America. This scenario assumes that Iran's crude oil production falls by up to 1.5 million barrels per day due to the war. Crude oil prices have fallen for three consecutive trading sessions in the wake of Iran's weekend missile and drone assault against Israel. The bank has penciled in the first Fed interest rate cut in December, and oil prices would come down by then though remain elevated. "Should supply losses build up regionally, it may also prove difficult to access spare production capacity, so oil prices would likely settle above $150/bbl for several months," the bank's analysts forecast.

Persons: Brent, Israel, Michael Bloom Organizations: Bank of America, Israel, Bank, Federal, bbl, Israeli Locations: Israel, Iran, OPEC, U.S

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Nvidia, Kroger, GM, Super Micro Computer, Rivian, Reddit & more
▼ + stars: | 2024-04-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We downgrade HON to Hold as we only see 10% upside to our new, lower $215 price target." Goldman Sachs initiates GE Vernova as buy Goldman said it's bullish on the company's electrification opportunity. " Goldman Sachs initiates DraftKings as buy Goldman said the sports betting company is a "revenue compounder." "We initiate coverage on Genius Sports Ltd. (GENI) with a Buy rating and a 12-month price target of $7.50 (40% upside)." Argus upgrades Goldman Sachs to buy from neutral Argus upgraded Goldman Sachs following its earnings report on Monday.

Persons: Evercore, Reddit, JPMorgan, Tesla, Goldman Sachs, Goldman, it's bullish, Wells, Needham, Morgan Stanley, it's, AUNA, William Blair, Cantor Fitzgerald, Klaviyo, Cantor, SYNNEX, Baird, Guggenheim Organizations: Evercore, Nvidia, UBS, Deutsche Bank downgrades Honeywell, Deutsche, Bank of America, of America, JPMorgan, Citi, Coty Citi, COTY, GE Vernova, Genius Sports Ltd, HSBC, Devices, AMD, KR, Apple, Barclays, Tyson, TSN, Emerging Athletic Brands, Crown Holdings, Argus, Goldman, Netflix, Guggenheim, NASDAQ, Deutsche Bank, General Motors, GM

☆ A renowned market bear who called the dot-com bubble warns the AI and economic recovery narratives fueling stocks are weak as analyst optimism sours — and says the Fed is fueling a bubble as valuation
▼ + stars: | 2024-04-06 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

About 45% of changes to S&P 500 analysts' earnings estimates are upgrades, as shown in the chart below, down from 50% in early 2023. AdvertisementSociete GeneraleHistorically, analyst optimism has been a good indicator for the economy's direction. Below is the S&P 500's year-over-year percentage change along with the analyst optimism measure. He says the S&P 500 is in a bubble fueled by AI optimism and could fall as much as around 60%. He sees potential downside of 39% for the S&P 500.

Persons: —, Albert Edwards, Edwards, Powell's, Ed Yardeni, Let's, There's, Jeremy Grantham, David Rosenberg, Merrill Lynch Organizations: Service, Societe Generale, Business, Street, Nasdaq, Generale, Conference, Institute for Supply, subsiding, Fed, repo, Bureau of Labor Statistics, Bears, Rosenberg Research, policymaking

☆ China has a problem with electric cars and that's bad news for Elon Musk
▼ + stars: | 2024-04-05 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewBYD and Tesla both posted anemic first-quarter sales this week, serving up a reminder that demand for electric cars appears to be stalling around the world. China, the world's largest EV market, hasn't been immune from the slowdown. Related storiesCEO Elon Musk appears to have backed away from the price cuts strategy this year, however. There are plenty of public charging stations — about 2.7 million as at the end of 2023, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance. AdvertisementIf China joins the US in loving EVs a little less, both Tesla and BYD could be in for a difficult 2024.

Persons: —, Tesla, anemic, hasn't, That's, Seth Goldstein, Morningstar, BYD, Elon Musk, Goldstein Organizations: Service, Car Association, Bloomberg, Business, Tesla, China, Alliance, BYD Locations: China, Tesla's, Shanghai

☆ China has a problem with electric cars, and that's bad news for Elon Musk
▼ + stars: | 2024-04-05 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewBYD and Tesla both posted anemic first-quarter sales this week, serving up a reminder that demand for electric cars appears to be stalling around the world. China, the world's largest EV market, hasn't been immune to the slowdown. Goldstein said that's a sign he knows Tesla can't win the price war and remain profitable. Bloomberg reported that it recently reduced production to five days a week from 6 ½ days, in a sign of waning demand for its cars in China. AdvertisementIf China joins the US in loving EVs a little less, both Tesla and BYD could be in for a difficult 2024.

Persons: —, Tesla, anemic, hasn't, Seth Goldstein, Morningstar, Elon Musk, Goldstein, that's, BYD Organizations: Service, Car Association, Bloomberg, Business, Tesla, China, Alliance Locations: China, Tesla's, Shanghai

☆ The Key to Winning the White House: Math
▼ + stars: | 2024-03-29 | by ( Susan Milligan | ) www.usnews.com time to read: +6 min

So the Biden campaign is casting its eyes farther afield: South, to be specific, with North Carolina as a primary target and Florida part of the mix as well. That makes North Carolina and its 16 Electoral College votes a tantalizing prospect for the Biden campaign. But if the Democrat also picked up North Carolina, he'd win, 276 electoral votes to 262 for Trump. Biden and Harris also made a rare joint appearance in North Carolina earlier this week. Former President Barack Obama did win North Carolina in 2008 – but that was a somewhat fluky situation, says North Carolina Republican operative Jonathan Felts, who worked in the George W. Bush White House, noting Obama's unusually aggressive push in the state.

Persons: Joe Biden's, Donald Trump's, Biden, Christopher Cooper, Biden –, Cooper, Trump, –, he'd, Mark Robinson –, Kamala Harris, Harris, Julie Chavez Rodriguez, Barack Obama, Jonathan Felts, George W, Bush, Felts, Carolina Forward Organizations: Electoral, Trump, Haire Institute for Public, Western Carolina University, Marist Institute, Public, Biden, Democrats, – Trump, Democrat, Sunshine, GOP, Democratic, North Carolina, North Carolina Republican, Carolina Locations: Arizona , Georgia, Michigan, Nevada , Pennsylvania, Wisconsin, North Carolina, Florida, Georgia, Michigan , Pennsylvania, Swing States, Arizona, Nevada, Wisconsin , Nevada , Georgia, Trump . Florida, Parkland , Florida, Trump's, . North Carolina, Southern, Raleigh, Durham, Greensboro, Winston, Salem, Asheville, Wake County

☆ Former RNC chair McDaniel calls January 6 Capitol attack ‘unacceptable’ after years of deflection
▼ + stars: | 2024-03-24 | by ( Casey Gannon | ) edition.cnn.com time to read: +3 min

CNN —Former Republican National Committee chairwoman Ronna McDaniel on Sunday called the January 6, 2021, attack on the US Capitol “unacceptable” after years of deflecting on the issue. McDaniel, who is joining NBC News as a political analyst after exiting the RNC earlier this month, told the outlet that the Capitol riot “doesn’t represent our country. It certainly does not represent my party.”“We should not be attacking the Capitol; we should not be having violence,” she added. Asked why she didn’t offer such condemnation as RNC chairwoman, McDaniel responded, “When you’re the RNC chair, you kind of take one for the whole team. McDaniel acknowledged Sunday that Biden won the 2020 election “fair and square” even as she voiced concern over “issues” with the vote.

Persons: Ronna McDaniel, McDaniel, ”, Donald Trump, Trump, “, Michael Whatley, Lara Trump, ” McDaniel, Joe Biden, Biden, we’ve, … we’ve, ” CNN’s Oliver Darcy, Kaitlan Collins, Daniel Strauss, Michelle Shen, Avery Lotz Organizations: CNN, Former Republican National, Capitol, NBC News, RNC, GOP, Trump, ”, NBC, ” The Michigan Department, Michigan Locations: Michigan, Detroit

☆ Options traders are heavily trading this health stock ahead of a big conference this week
▼ + stars: | 2024-03-11 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

We'll look at a health insurer stock with an interesting set-up heading into a big industry conference this week and break down various options trades being applied on it. Centene (CNC) traded nearly 9 times the average daily call volume on Friday ahead of Barclays 26th annual Global Healthcare Conference this week. Most active were the March 22nd weekly $82 calls and the March 28th weekly $82 calls. The mid price on the March 28th weekly $82 calls was nearly $2, substantially higher than the trader who initiated the block paid, and the weekly March 22nd calls would collect less than a quarter. If one owns the stock, a hedge might make sense, such as a weekly at-the-money put spread as illustrated below.

Persons: Bernstein, Centene, Cowen, what's Organizations: Barclays, Global Healthcare, Traders Locations: Texas, Florida, Georgia

☆ Nigeria battles to halt spiraling currency crisis and rising food insecurity
▼ + stars: | 2024-03-05 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

IBADAN, Nigeria - Feb. 19, 2024: Demonstrators hold placards during a protest against the hike in price and hard living conditions in Ibadan on February 19, 2024. Inflation hit an annual 29.9% in January, driven by soaring food prices that have triggered a cost-of-living crisis in Africa's largest economy. The naira currency, meanwhile, plunged to an all-time low of around 1,600 against the U.S. dollar in late February. "With about 8 percent of Nigerians deemed food insecure, addressing rising food insecurity is the immediate policy priority." IBADAN, Nigeria - Feb. 19, 2024: Demonstrators are seen at a protest against the hike in price and hard living conditions in Ibadan on February 19, 2024.

Persons: Samuel Alabi, Bola Tinubu's, David Omojomolo, Olayemi Cardoso Organizations: Afp, Getty Images, International Monetary Fund, U.S, Bloomberg, Getty, Washington, D.C, IMF, Central Bank of, Capital Economics Locations: IBADAN, Nigeria, Ibadan, Getty Images Nigeria, Africa's, LAGOS, Lagos, Africa

☆ There's no fiscal 'bazooka' that China can aim at all of its economic troubles, Citi strategist says
▼ + stars: | 2024-03-04 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

There isn't a fiscal bazooka that can be aimed at all of China's economic issues, a Citi strategist says. The idea that China's government will be able to steer the economy towards prosperity is an assumption that needs to be revised. "We know that fiscal is the number one lever, but it's still very troubled waters for the Chinese economy." AdvertisementChina's economic situation is far too anemic for a big fiscal spending package to save the day. This story is available exclusively to Business Insider subscribers.

Persons: it's, —, Luis Costa Organizations: Citi, Service, CNBC, Business

☆ Sanctuaries Can Protect Animals From Abuse, but Not From Climate Change
▼ + stars: | 2024-02-22 | by ( Hilary Howard | ) www.nytimes.com time to read: 1 min

About 18 months ago, Catskill Animal Sanctuary in Saugerties, N.Y., rescued 42 neglected and ailing sheep. Many were anemic and had foot rot, a contagious bacterial disease that can be life-threatening if left untreated in wet environments. For the animals to recover, they should be in a clean and dry place, said Kathy Stevens, the 150-acre sanctuary’s founder and executive director. But the sheep and their new caretakers faced a rapidly developing problem: soggy pastures and flooding barn stalls. Increased rainfall, among the weather distortions caused by climate change, has finally forced the sanctuary to search for a new home, a predicament shared by a growing number of animal refuges across the United States.

Persons: Kathy Stevens Locations: Catskill, Saugerties, United States

☆ China boosts property funding with first cut in key loan rate since June
▼ + stars: | 2024-02-20 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

China's lenders cut the country's benchmark five-year loan prime rate for the first time since June, extending Beijing's efforts to revive the country's anemic property market. The Chinese central bank kept its one-year loan prime rate — the peg for most household and corporate loans in China — unchanged at 3.45%. The benchmark five-year loan rate — the peg for most mortgages — was cut by 25 basis points to 3.95%, according to a statement Tuesday from the People's Bank of China. This was also the largest one-time cut in the five-year rate and the first since the five-year rate was last trimmed in June by 10 basis points. China calculates its loan prime rates each month after 20 designated commercial lenders submit their proposed rates to the PBOC.

Persons: Louise Loo, Loo, CNBC's Lee Ying Shan Organizations: People's Bank of China, Oxford Economics, Sunday Locations: China, Beijing

☆ Weekend Box Office: ‘Madame Web’ struggles to get off the ground, ‘One Love’ soars
▼ + stars: | 2024-02-19 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

New York CNN —“Madame Web” swung to No. In November, “The Marvels” saw a lackluster $47 million in domestic sales its opening weekend, and DC’s “Aquaman and the Lost Kingdom” opened in December to a feeble $27.6 million. It’s still too soon to estimate gross domestic sales for “Madame Web,” but, by the time it exited theaters, “Morbius” had made just $73 million. But “Madame Web,” which released February 14, struggled to gain upward momentum even along its six-day opening, which straddled two holidays: Valentine’s Day and Presidents’ Day. Recent months have seen musical box office hits like “Wonka,” “Mean Girls,” and successful concert films from both Beyonce and Taylor Swift.

Persons: ”, Bob Marley, Web, “, BoxOffice, Shawn Robbins, Madame Web’s, ” theatergoers, DC’s, Paul Dergarabedian, ‘ Deadpool, Venom ”, It’s, Madame, Morbius ”, Robbins, “ Wonka, Beyonce, Taylor Swift, Bob Marley’s, ” Dergarabedian, Compton ” Organizations: New, New York CNN, Sony Pictures, Disney’s Marvel Studios, Marvel, Sony, BoxOffice Pro, Avengers, Warner Bros, CNN, Comscore, ’ Locations: New York, Comscore

☆ House impeaches Alejandro Mayorkas, first Cabinet secretary to be impeached in almost 150 years
▼ + stars: | 2024-02-13 | by ( Annie Grayer | Clare Foran | ) edition.cnn.com time to read: +7 min

The House of Representatives, by an extremely narrow margin, voted Tuesday to impeach Homeland Security Secretary Alejandro Mayorkas, the first Cabinet secretary to be impeached in almost 150 years. The Department of Homeland Security said that House Republicans “will be remembered by history for trampling on the Constitution” following the vote to impeach. “Secretary Mayorkas and the Department of Homeland Security will continue working every day to keep Americans safe,” the statement said. Ken Buck, Tom McClintock, and Mike Gallagher are three House Republicans who voted against impeaching Mayorkas. Mayorkas has sent a letter to House Republicans to defend his record in public service in advance of the vote.

Persons: Alejandro Mayorkas, Mayorkas, Joe Biden, William Belknap, Republicans – Ken Buck, Republicans – Ken Buck of Colorado, Mike Gallagher of, Tom McClintock, California –, Republicans “, Mia Ehrenberg, Steve Scalise, Texas Democrat Al Green, Ken Buck, Mike Gallagher, impeaching Mayorkas, “, Troy Nehls, we’re, ”, Lance Gooden, Patrick McHenry of, Kevin McCarthy, Mike Johnson, “ He’s, Ian Sams, Chuck Schumer’s, Pro Tempore Patty Murray, ” Schumer, Johnson, Donald Trump, ” Mayorkas, CNN’s Morgan Rimmer, Manu Raju Organizations: Homeland, Republicans, Biden, Department of Homeland Security, “, Texas Democrat, AP, Getty, GOP, CNN, Texas, Democratic, Pro Tempore, House Republicans, ”, Communist, Democrats, Homeland Security, Republican, Border Patrol Locations: Republicans – Ken Buck of, Mike Gallagher of Wisconsin, California, Israel, Texas, “, Patrick McHenry of North Carolina, Cuba

☆ The US, China, and Europe's economies are drifting apart. The global 'decoupling' is moving markets.
▼ + stars: | 2024-02-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Read previewThe biggest players in the global economy are on different trajectories, and markets around the world are reflecting the shifting landscape. "Signs of decoupling are present in global growth, trade, and equity markets," Bank of America strategists wrote in a Friday note. AdvertisementTo that point, the outlook for the Euro area looks softer. BofA expects Euro area growth at 0.4% in 2024 and 1.1% in 2025. Growth forecasts for US, Euro Area, and China.

Persons: —, Janet Yellen, BofA, SPX Organizations: Service, Bank, Business, Bank of America, Wall, Federal Reserve, ECB, Bank of America Global Locations: China, There's, Germany, Spain, Europe

☆ Spring home buying season is near. Real estate pros say this year's rush could push prices up 5% after a weak 2023.
▼ + stars: | 2024-02-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The housing market will see a stronger, prolonged spring homebuying rush this year, real estate pros say. Buyers and sellers are slowly wading back into the market as mortgage rates edge lower. That's not what economists had originally expected for the housing market this year. "Until we see mortgage rates really improve, we don't expect owners to come back very, very quickly." Affordability conditions have been steadily improving after a bad year for the housing market.

Persons: —, Redfin, Daryl Fairweather, Fairweather, Skylar Olsen, Olsen, Zillow, " Fairweather, Freddie Mac, That's, –, aren't Organizations: Service, National Association of Realtors Locations: Zillow

“I was embarrassed for our conference, for our party, because we can do better than we did last night,” said GOP Rep. Lance Gooden of Texas. It was a huge mistake,” said GOP Rep. Patrick McHenry of North Carolina, an ally to former Speaker Kevin McCarthy. And the stunning defeat, which prompted a chaotic scene on the House floor, completely overshadowed the Democratic opposition to the Israel bill. “The Democrats played hide and seek with us,” GOP Rep. Carlos Gimenez of Florida told CNN. We’ll put it back up.”For their part, Democrats took a victory lap in their maneuvering that led to a nail-biter vote and embarrassment for House Republicans.

Persons: Alejandro Mayorkas, Troy Nehls, “, we’re, ”, Lance Gooden, GOP Sen, Lisa Murkowski, I’ve, I’m, Nancy Pelosi, George Santos, Pelosi, Ralph Norman of, Patrick McHenry of, Kevin McCarthy, Mike Johnson, “ He’s, Jen Kiggans, Johnson, speakership, ” Johnson, Donald Trump, Mitch McConnell’s, James Lankford of, Kevin Dietsch, Mayorkas, Mike Gallagher of, impeaching Mayorkas, ” Gallagher, Hugh Hewitt, Dan Bishop of, Steve Womack, ” Womack, Mitch McConnell, Chip Somodevilla, they’re, ’, Steve Scalise, Tom Cole of, Al Green of, Carlos Gimenez, “ It’s, Scalise, We’ll, ” Pelosi, ” CNN’s Haley Talbot, Lauren Fox, Sam Fossum Organizations: Homeland, GOP, CNN, Texas, Republican, ”, Republicans, House Democrats, GOP Rep, Caucus, Congress, Navy, Capitol, Getty, Democratic, Democrat, Arkansas Republican, House Republicans Locations: “, Texas, Israel, Alaska, Ralph Norman of South Carolina, Patrick McHenry of North Carolina, Virginia, James Lankford of Oklahoma, Washington , DC, Mike Gallagher of Wisconsin, Dan Bishop of North Carolina, Arkansas, ”, Washington ,, Tom Cole of Oklahoma, Al Green of Texas, Florida

Many Trump supporters not only dislike DeSantis, but echo Trump's assertions that DeSantis betrayed him and say they would never consider him again. DeSantis' campaign against Trump had soured her on the governor, she said. “He backstabbed President Trump. DeSantis' allies believe the Florida governor has a clear path to another presidential bid should he want one. But he hasn’t yet offered an olive branch to angry Trump supporters.

Persons: DeSantis, “, Trump, ”, Pamela Shinkwin, Mary Sullivan, Nikki Haley, Donald Trump, Sullivan, President Trump, Trump’s, he’ll, Joe Biden, needled Trump, Florida Sen, Marco Rubio, Little Marco, Carly Fiorina’s, Ted Cruz’s, John F, Kennedy, —, Ron DeSanctimonious ”, Haley, Melissa Davis, “ DeSantis, ” Davis, What’s, Edward X . Young, diehard Trump, DeSantis “, ‘ Trump, ’ I’ll, ” Young, Jacob Morgan, Morgan, Steve Peoples, Michelle L, Price, Linley Sanders Organizations: Trump, Florida, Florida Republican, PAC, CNN, University of New, GOP, ABC, Republicans, Republican, DeSantis, Associated Press Locations: Florida, Massachusetts, New Hampshire, Manchester, Texas, University of New Hampshire, Iowa, Windsor Heights , Iowa, He’s, New Jersey, Rochester , New Hampshire, New York, Washington

☆ Eurozone Economy Flatlines, Raising Concerns About Falling Behind
▼ + stars: | 2024-01-30 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

The eurozone economy stagnated late last year as a lingering energy crisis sparked a loss of competitiveness in some European industries, and consumers reined in spending to grapple with high living costs, Europe’s statistics agency reported Tuesday. But economists believe the worst may be over, as the European Central Bank continues its campaign to wring out inflation without plunging the eurozone economy into a deep downturn. Compared with a year ago, the eurozone grew by just 0.1 percent. The anemic pace is keeping Europe far behind the United States, where the economy, although slowing from a breakneck growth pace, continues to be powered by consumer spending. Aggressive interest rate increases by the Federal Reserve have brought a slowdown in inflation, and the Fed is expected to begin unwinding those increases soon.

Organizations: European Central Bank, Federal Reserve Locations: Europe, United States

☆ China's rapidly dwindling future will shape the world for decades to come
▼ + stars: | 2024-01-21 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

Everything was getting bigger — its cultural influence, geopolitical ambition, population — and seemed poised to continue until the world was remade in China's image. But now China's economy is withering, and the future Beijing imagined is being cut down to size along with it. What Beijing does — or fails to do — to fight this malaise will determine the course of humanity for decades to come. China's deflation worries started in earnest in the summer. Years of overbuilding — by about double the population, according to some estimates — and slowing population growth caused prices to collapse .

Persons: Minxin Pei, there's, Charlene Chu, Autonomous Research Charlene Chu, Chu, Wei Yao, Générale, I'm, Ben Bernanke, Bernanke, Xi Jinping, Xie Huanchi, Société Générale's Yao, Yao, It's, —, aren't, Logan Wright, Wright, Xi doesn't, Jinping, it's, Xi, Claremont's Pei, magnanimity Organizations: Claremont McKenna College, Autonomous Research, Federal Reserve, Getty Images Japan, Chinese Communist Party, Xi, CCP Locations: China, Beijing, dauphin, Xinhua, Japan, Xi's China, East Asia, Taiwan, Europe

☆ The housing market will take off in a 2024 renaissance as construction, demand are set to surge, National Association of Home Builders CEO says
▼ + stars: | 2024-01-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewThe housing market is about to exit its slowdown and take off in a new growth period, according to National Association of Home Builders CEO Jim Tobin. AdvertisementThat's partly because mortgage rates have continued their steady decline in recent months. At the same time, prospective buyers are likely warming up to the new norm of 6% mortgage rates, and could be readying themselves to jump back into the housing market, he said. "I think that the world is getting ready to realize that we're no longer going back to those 3%-4% mortgage rates. Improving affordability conditions could cause home sales to jump 5% while home prices decline 1% in 2024, according to Redfin.

Persons: —, Jim Tobin, Tobin, Freddie Mac Organizations: Service, National Association of Home Builders, Business, Yahoo Finance, Mortgage, Association . Housing

Dr. Deborah Harrington appears on CNN on Wednesday, January 17. “There is no antenatal care for women… and the women I saw were really severely anemic,” she said. Fourteen were directly hit, based on the evidence collected and verified by CNN and analyzed by experts. The Hamas-run Ministry of Health in Gaza says Israel “has deliberately targeted 150 health institutions, putting 30 hospitals and 53 health centers out of service, and targeting 122 ambulances." CNN cannot independently verify these numbers and CNN has reached out to the Israeli military for comment.

Persons: Deborah Harrington, Dr, CNN’s Christiane Amanpour, Harrington, “, ” Harrington, …, ”, Israel “ Organizations: CNN, Al, Aqsa Martyrs Hospital, International Rescue, Medical Aid, Palestine, Hamas, of Health Locations: British, Aqsa, Gaza, Israel

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