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☆ The bank crisis threatens to spark a credit crunch as Main Street banks pull back
▼ + stars: | 2023-03-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

A possible consequence of the banking crisis is that households and businesses may soon find it harder to get a loan from their bank. Around $1 trillion in deposits have been pulled from smaller and mid-sized banks since the Fed began hiking rates last year, with half that fleeing banks since SVB collapsed. "The uncertainty generated by deposit movements could cause banks to become more cautious on lending," JPMorgan strategists wrote in a note. "This risk is heightened by the fact that mid- and small-size banks play a disproportionately large role in US bank lending." This likely could impact the trajectory of the economy, as regional and community banks are a massive source of credit to Main Street borrowers.

☆ Home prices are in their longest slump since 2012. Here's what experts think happens next.
▼ + stars: | 2023-03-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

US home prices just fell for the seventh consecutive month, Case-Shiller data showed Tuesday. Here's what economists are saying about the housing market outlook. Over the last year, the Federal Reserve's aggressive interest rate hiking campaign has helped lift mortgage rates sharply, weighing on affordability and demand. Here's what experts have said could come next for the housing market. "Long-term [the housing shortage] puts a floor under demand in this country for newly built homes," he told CNBC on Thursday.

☆ US home prices fell in January for the seventh-straight month
▼ + stars: | 2023-03-28 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —US home prices fell for the seventh month in a row in January, even as mortgage rates eased, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index, released Tuesday. Miami had a year-over-year price increase of 13.8%, followed by Tampa with a 10.5% increase and Atlanta with an 8.4% increase. That battle has caused mortgage rates to spike over the past year, resulting in many home buyers being priced out of purchasing a home. Mortgage rates are expected to be volatile for as long as the Fed has to work to pull back runaway inflation. “Just how much prices will rise from winter lows will depend on whether mortgage rates stabilize and creep downward or stay high and volatile.”

☆ Microsoft says its new version of Teams is twice as fast
▼ + stars: | 2023-03-27 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Microsoft said Monday it is starting to roll out a faster new version of its Teams communication app for Windows to commercial clients enrolled in a preview program. The software will become available to all customers later this year, and Microsoft also promises new versions of Teams for Mac and the web. Since its 2017 debut, Teams has become the jewel of Microsoft 365, the subscription-based productivity software bundle formerly known as Office 365. Microsoft Teams had some performance issues in 2020, which the company resolved. The new version also includes enhancements meant to simplify Teams, building on the more than 400 feature updates Microsoft delivered last year, some of them meant to help Microsoft catch up with rivals, Teper said.

☆ Monday, March 27, 2023: Cramer opens a new position in this retailer
▼ + stars: | 2023-03-27 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonday, March 27, 2023: Cramer opens a new position in this retailerJim Cramer and Jeff Marks discuss their market outlook after First Citizens acquires a large portion of Silicon Valley Bank. Jim says the banking crisis is not over yet but has slowed significantly. Jim shares why he is initiating a position in a new retail stock that is already performing nicely. Finally, Jim and Jeff talk about why they are not phased after one portfolio holding was hit with a downgrade.

☆ Peter Thiel's reported romantic partner was found dead in Miami. Police are investigating as possible suicide.
▼ + stars: | 2023-03-24 | by ( Jack Newsham | ) www.businessinsider.com time to read: +3 min

Jeff Thomas, a 35-year-old actor and model, was found dead in Miami in a possible suicide. Miami police view the case as a possible suicide and plan to interview Thiel, The Intercept said. The Intercept reported that Thomas and Thiel had been seen at each others' homes, including at raucous parties. "And he did, and so he didn't support Trump in 2020. Thomas said he had doubts about his relationship with Thiel, the Intercept reported, and the two were not living together.

☆ Home prices will fall this year but then enter a growth period like the one that started in the late 1980s, Zillow survey shows
▼ + stars: | 2023-03-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

US home prices will fall 1.6% in 2023, then rise by an average yearly rate of 3.5% through 2027, a Zillow survey said. Under that scenario, home prices will be up 23% in 2027 from 2021 levels, according to Zillow. In 2023, home prices will fall 1.6%, then rise at an average clip of 3.5% per year from 2024 through 2027, the Zillow Home Price Expectation survey showed. And mortgage rates will decline after the first quarter, most of the economists in the Zillow survey predicted, estimating a 6% rate to linger till the year's end. Zillow's Thursday findings provide a more moderate outlook on a housing market that has some analysts worried of a crash.

The case for falling rentSomething strange is happening in the apartment market. More than 971,000 apartment units were under construction across the US at the end of 2022, the second-largest number on record. There's only so much people are willing to pay,'" said Jon Leckie, a researcher for Rent, a platform that helps landlords market their properties. For now, though, the wave of supply that's already underway should keep rents in check over the next couple of years. Now, as landlords shift their focus from jacking up rents to filling up units, renters can once again look ahead to better days.

☆ Qualcomm announces software business around its supply chain chips
▼ + stars: | 2023-02-21 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Feb 21 (Reuters) - Qualcomm Inc (QCOM.O) on Tuesday said it is launching a paid cloud software service to help companies that use its chips keep tabs on goods as they move through the supply chain. The San Diego, California company is the world's biggest provider of chips that help smartphones connect to mobile data networks. Qualcomm Aware, as the new service is called, works with Qualcomm chips that go into tracking devices for shipping containers, pallets, packages and other parts of supply chains to help companies track where their goods and materials are. The software service announced Tuesday aims to let Qualcomm customers program their chips from one central spot, with updates sent to the chips over the air. "We believe there's value in the chip and in the cloud service," Torrance told Reuters.

Brothers Jeff and Spencer Jan didn't have to reinvent the wheel to build a $400 million company with a cult following. Their company, Grapevine, Texas-based Solo Brands, makes the Solo Stove — a backyard fire pit that the Jan brothers describe as a "virtually smokeless" campfire alternative. As of Tuesday morning, the company now has a $406.74 million market cap under the stewardship of CEO John Merris, who signed on in 2018 after meeting with the brothers. "I remember in that first conversation with them, Spencer and Jeff telling me that they had reinvented fire," Merris tells CNBC Make It. Then, the brothers sent Merris home with a Solo Stove — and the first time he tried it out on his Texas ranch, he was "absolutely blown away."

"We have a nice little sign in front of our register that says 'Hey, credit card fees, they cost us a lot of money,'" Victor Garcia, longtime owner of Sol Dias, told CNBC. CNBC | Cait FredaThe swipe fees aren't new, but the worsening problem comes at a time when Main Street businesses across the country are increasingly struggling with changing macroeconomic conditions. Although the central bank does not conduct the same survey for credit card transactions, the processes used for debit and credit cards are similar. Meanwhile, credit card fees amount to the third-highest operating expense on average for restaurants, according to the Texas Restaurant Association. The European Union cracked down on similar increases, capping fees in 2015 at 0.2% for debit card purchases and 0.3% for credit card purchases.

WASHINGTON — Renters are on track to get some relief in 2023 as a growing number of indicators suggest the red-hot rental market has started to cool, a shift that could also help bring down decades-high inflation that has been pushing interest rates higher. That shift is good news not only for renters, but for the economy as a whole. “The balance of power in the rental market has really shifted very rapidly to renters,” said Jay Parsons, chief economist for real estate technology firm RealPage. The market has really changed materially.”In the last several months of 2022, online real estate firms Zillow, Redfin and Apartment List recorded significant drops in rental asking prices. “We saw the year-over-year growth in our rent index peak last February, and it’s been decelerating ever since then,” Tucker said.

☆ Here’s what to expect in the housing market this year
▼ + stars: | 2023-01-05 | by ( Anna Bahney | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —Last year was a wild ride in the US housing market. So what’s in store for the housing market this year? “Mortgage rates are really critical to the path of the housing market in the year ahead,” said Jeff Tucker, senior economist at Zillow. “Yes, things have cooled way down in the housing market, but we don’t have a glut of homes for sale,” said Tucker. A plain, boring, vanilla year in the housing market would be a wonderful surprise.”

☆ It's official: Remote work is going to make it easier to buy a home
▼ + stars: | 2023-01-04 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

Remote work pushed housing trends into warp speedIn some ways, the pandemic's housing shifts were a long time coming. The shift to remote work also hastened many people's desire for more space. Across the country, remote workers chose to part ways with roommates or seek out larger homes. Elon Musk asserted his authority at Twitter by putting an end to remote work. On the other hand, as my colleague Aki Ito previously argued, a recession could further ingrain remote work as employers look to cut spending on real estate.

☆ 5 ways to make affordable housing for all in 2023 — from construction laws to mortgage financing
▼ + stars: | 2023-01-01 | by ( Kelsey Neubauer | Alcynna Lloyd | ) www.businessinsider.com time to read: +11 min

Houston has been able to keep its housing affordable in large part because of just this, he said. Jeff Tucker, the chief economist at Zillow, also told Insider that the biggest hurdle to affordable housing was "zoning reform." California has already done this when its citizens voted to pass Proposition 46, which provides funding specifically for affordable housing. It allocated just shy of $1 billion to the multifamily sector, according to CCIM, and is expected to see $13 billion in private funds be pushed into affordable housing. In July, Ginnie Mae, a federally-backed mortgage provider, specifically focused on affordable housing, requested that a manufactured home mortgage program be extended.

When their kids were young, Jeff and Leslie Fuller set up an allowance system that involved taxes. When Jeff shared his unconventional plan with his wife, Leslie Fuller, she loved the idea, and together they implemented the system. Unlike many of their peers, Danielle and Sami didn't beg and harass their parents to satisfy their every whim. These kinds of stories illustrate Danielle's description of her parents' system as "cradle-to-grave financial literacy." The system evolved over the years as the girls grew upOver the years, Jeff and Leslie evolved the system to reflect their daughters' ages.

☆ This chart shows just how out-of-control rent has gotten: The typical person has to work 64.2 hours just to pay rent — up from 56 hours just two years ago
▼ + stars: | 2022-10-25 | by ( Britney Nguyen | Madison Hoff | ) www.businessinsider.com time to read: +3 min

Demands for rental units are declining as housing costs soar with the price of essentials like food. The average renter in the US would have to work over 64 hours to afford rent, Zillow data shows. Phoenix, Orlando, and Las Vegas are among the metropolitan areas where demand is slowing the most. In metropolitan areas like Phoenix, Orlando, and Las Vegas, demand for rental units is slowing down the most, according to rental-data tracker RealPage. The good news, Tucker said, is that rent growth is "cooling off," and there are more rental homes that will be available.

☆ Home prices are finally falling. But how low will they go?
▼ + stars: | 2022-10-22 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

From the 2006 peak to the 2012 trough, national home prices fell by 27%, according to S&P CoreLogic Case-Shiller Indices, which measures US home prices. Now they are coming down.”With mortgage rates more than doubling since the start of this year, the calculations for a homebuyer have changed considerably. They predict prices will rebound and rise again in 2024, with the median price ticking up 3.3% to 376,000 by the end of 2024. “If our forecast for Fed rate cuts is realized, mortgage rates are likely to fall slightly just as cooling inflation pressures boost real income growth. And Boise, Idaho, where prices surged nearly 60% during the pandemic, is already seeing annual declines, with prices falling 3.9% year over year in September, according to Zillow.

☆ Digital Risk: Mortgage rates are set at a national level, but real estate is local
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDigital Risk: Mortgage rates are set at a national level, but real estate is localJeff Taylor of Digital Risk discusses how homebuyers and sellers can navigate around the highest average mortgage rates in 20 years.

☆ Monday, Oct. 17, 2022: Why Cramer is trimming shares of this chipmaker
▼ + stars: | 2022-10-17 | by ( Alison Conklin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonday, Oct. 17, 2022: Why Cramer is trimming shares of this chipmakerJim Cramer and Jeff Marks explain why they are selling shares of one semiconductor name in the portfolio as Jim calls it "sacrificing the pearls" due to changes in the business and political environment between China and the U.S. They also break down big tech Trust holdings and reiterate the strength they see for specific stocks. Finally, Jim and Jeff talk about one retailer they say you must own.

☆ Microsoft insiders describe a leadership vacuum in its metaverse unit as its gigantic US Military contract fell short in its latest test: 'The devices would have gotten us killed'
▼ + stars: | 2022-10-10 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +8 min

While "Alex needed to go," insiders say, the mixed reality unit split up after his exit and left a leadership vacuum. In June, Microsoft's Mixed Reality unit — responsible for the HoloLens goggles and other nascent metaverse projects — saw a huge shakeup. Now, months later, Microsoft insiders say the company's metaverse and mixed reality ambitions remain uncertain amid canceled projects, budget cuts, a struggling contract with the United States military, and lack of leadership. One insider said that there's "no roadmap to speak of" for HoloLens as Microsoft instead focuses on the Army contract. Mixed reality teams have already seen significant cuts to their expenses.

☆ Stocks week ahead: Intel is the Dow's biggest loser
▼ + stars: | 2022-09-25 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Shares of Intel (INTC) are down more than 45% this year, making it the biggest dog of the Dow. Intel (INTC) is struggling despite well-publicized plans to build more plants in the United States and hire more at home. To be fair, Intel is not the only chip company that’s having a tough time this year. But longer-term, I think Intel will right the ship,” said Jeff Travis, portfolio manager of Oak Associates Funds. Travis does think that semiconductor stocks are still a good “secular growth industry” and that valuations are now attractive given how sharply the stocks have fallen.

☆ Covid-19 Vaccine Rollout Carries Lessons for Pharma Supply Chains, Says Pfizer Executive
▼ + stars: | 2022-09-24 | by ( Liz Young | ) www.wsj.com time to read: +4 min

Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. As the coronavirus rapidly spread across the U.S. in early 2020, Pfizer and Moderna each threw enormous resources behind the effort to perfect vaccines using novel technology that delivers mRNA, a type of genetic material. With the vaccine still under development, the company began designing its supply chain to rapidly scale up production and to start distribution of millions of doses once regulators approved the vaccine. Trucks carrying the first shipment of Pfizer’s Covid-19 vaccine in December 2020. Pfizer created a shipping container about the size of a suitcase that was packed with vaccine vials and dry ice to keep the doses effective for up to 10 days.

☆ Walmart and Target push to lower credit card fees
▼ + stars: | 2022-09-20 | by ( Nathaniel Meyersohn | Cnn Business | ) edition.cnn.com time to read: +3 min

A pair of bipartisan bills in Congress aim to lower the swipe fees, also known as interchange fees, that retailers pay every time a customer makes a purchase with their card. Visa V Mastercard MA anddominate more than 80% of the US credit card market. Proponents of these bills say they would generate more competition in the credit card network market and break Visa and Mastercard's hold over the industry. "Credit card swipe fees inflate the prices that consumers pay for groceries and gas," Durbin said in July. "Bringing real competition to credit card networks will help reduce swipe fees and hold down costs for Main Street merchants and their customers."

☆ Bogații vor să se bage în față pentru a se vaccina anti-COVID. "Dacă dau 25.000 de dolari pot fi pe listă?"
▼ + stars: | 2020-12-19 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

"Primim sute de apeluri în fiecare zi", spune dr. Ehsan Ali, coordonatorul unui centru medical din Beverly Hills. Urmează muncitorii calificați din domeniile esențiale și cei cu boli cronice. "Oamenii sunt dispuși să plătească zeci de mii de dolari", spune Dr. Jeff Toll. Aceste centre medicale s-au aprovizionat deja cu congelatoare cu temperatură foarte scăzută pentru a păstra vaccinul Pfizer. Gavin Newsom, guvernatorul statului California, a avertizat însă: "Cei care cred că pot merge mai departe pentru că au resursele sau legăturile necesare pentru a face acest lucru ... Vom urmări acest lucru foarte, foarte atent. "

Persons: ., Ali, Îi, Ariana Grande, Justin Bieber, Totul, Dr . Jeff Toll, Doctorul, Hipocrate, Gavin Newsom Organizations: Los, Los Angeles Times Locations: Statele Unite, Beverly Hills, California, Sinai, Los Angeles, SUA

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