Because of the rise in house prices, Americans need to save enough for a down payment for another year.
Because of the rise in house prices during the epidemic, potential home buyers in the United States have to save an extra year before buying a house. It now takes eight years for the typical American to save 10 per cent of his monthly income and make a 20 per cent down payment, according to a study by Tomo, a real estate technology start-up. Before COVID-19 's epidemic triggered a buying spree, the figure was seven years. The National Association of Realtors (NAR) said last week that the proportion of first-time buyers of second-hand homes fell to 29% in August, the lowest level since 2019. Skye, Chief Economist of Tomo
The prototype of the "big short": the current stock market boom reminds me of the dotcom bubble and the stock market crash of 1929.
Michael Burley, the archetypal character of the movie "the Big short", recently said in a series of tweets that the current market boom reminded him of the dotcom bubble and compared the current options trading frenzy with the rampant speculation that triggered the Great Depression of the last century. But then he deleted the tweets. Burry posted a screenshot of Financialweb.com 's stock chart on Twitter. The share price of the failed company, which once ran Stock Detective and other financial information sites, fell from a high of $28 to less than a cent after the dotcom bubble burst
The study says the world will lose $210 billion by cutting production by 7.7 million vehicles this year.
Continuing chip shortages are expected to cost the global auto industry $210 billion in revenue in 2021, according to a new study by consulting firm AlixPartners. That is nearly double the company's forecast of $110 billion in May and far more than the $60.6 billion originally forecast at the end of January. Mark Wakefield (Mark Wakefield), global co-head of automotive and industrial practices at AlixPartners, said: "of course, everyone hopes that the chip crisis has eased so far, but unfortunate events such as
The president of SEC called on young people to save money early, but they don't know how low the interest rate is.
Gary Gensler, chairman of the Securities and Exchange Commission (SEC), advised college students to "start saving as soon as possible and save regularly" in a video on Twitter on Wednesday. "if you save $5 a week, you might earn 8%," Gensler says. You may have saved more than $130000 since college and by the time you retire at 65. But if you don't start saving until you're 40, you need to save about $30 a week to reach the same amount. " The main purpose of the video is to encourage people to save, but the example provided by Gensler has aroused some opposition on Twitter, especially from the cryptocurrency community.
20:Palantir shares hit the highest level since February when retail investors watched before the turnover of US stocks on Sept. 16.
In the early morning of the 17th, Beijing time, U. S. stocks closed mixed on Thursday. The Nasdaq closed slightly higher. The Dow and the S & P 500 closed lower, extending the weak performance since September. Initial jobless claims rose to 332000 last week, with better-than-expected retail sales figures in August. The Dow fell 63.07 points, or 0.18%, to 34751.32; the Nasdaq rose 20.39 points, or 0.13%, to 15181.92; and the S & P 500 fell 6.95 points, or 0.16%, to 4473.75. In terms of economic data on Thursday, the U.S. Department of Labor reported that the United States began last week.
European stocks rose across the board. Euro zone manufacturing PMI rose slightly.
Original title: [European Express] European stocks soared across the board Meggitt surged more than 50% euro zone manufacturing PMI rose slightly source: FX168 European stock markets followed positive sentiment in global markets on Monday as corporate earnings drove share price volatility. As of this release (17:05 Beijing time), the UK's FTSE 100th index, France's CAC index and Germany's DAX index rose by 0.96%, 0.92% and 0.37%, respectively. The pan-European Stoxx 600 index rose 0.7% in early trading, while auto stocks rose 2%, leading gains in almost all sectors and major sectors.
Federal Reserve's Kashkari: The Delta variant virus “hampers the recovery of American employment” drags down the US economy
Original title: The Federal Reserve's warning is coming again! The president of the Federal Reserve Bank of Minneapolis warned that the Delta variant virus “hampers the recovery of US employment” is fearful that it will drag down the US economy Source: FX168 COVID-19 The Delta variant strain continues to spread in the US. US Minneapolis Federal Reserve President Neel Kashkari (Neel Kashkari) warned that the spread of the variant virus is likely to make it difficult for some Americans to find jobs, thereby harming the recovery of the US economy. Kashkari mentioned that he was previously very optimistic that as more Americans could return to work
Boeing rose 1.53%, and United Airlines announced that it would order 270 narrow-body jets from Boeing and Airbus
Boeing (BA.N) rose 1.53% after United Airlines announced that it would order 270 narrow-body jets from Boeing and Airbus. This was the largest order in Boeing's history.
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