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China Yibai acquires cleaning services firm TidyCall
China Yibai United Guarantee International Holding Inc. Signs Letter of Intent to Acquire TidyCall Inc.
The net worth of US households reached a record high in the first quarter, thanks to the appreciation of real estate and stocks.
The net worth of US households rose to a record high in the first quarter of this year, driven by further increases in share prices and house prices. According to a report released by the Federal Reserve on Thursday, household net worth rose by $5,000bn, or 3.8 per cent, to $136.9 trillion in the first quarter. Of this total, the value of shares held by families increased by $3.2 trillion, and the value of real estate increased by more than $968 billion. The trillions of dollars of stimulus in 2020 and the larger-than-expected fiscal stimulus package signed in mid-March are adding momentum to the stock market. In addition, the Fed has kept interest rates near zero. This led to record low mortgage rates.