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Us homebuilder confidence Index fell to a 13-month low in August
The confidence index of US homebuilders fell to a 13-month low in August because of high prices and costs and persistent supply shortages. Data released by the National Association of Home Builders (NAHB) / Wells Fargo & Co on Tuesday showed that the index of builders' confidence fell for the third month in a row, to 75 from 80 in July, the biggest decline since April 2020. Economists expect the median to be flat at 80. Although the recent drop in the price of building materials such as wood is good news for builders, some buyers still do not enter the market because of strong demand and low inventories. NAHB said that with supply chain constraints
The biggest increase in US manufacturing output in four months was boosted by the auto industry
Us manufacturing output rose at its fastest pace in four months in July, rebounding above pre-epidemic levels, indicating that manufacturers are struggling to address supply chain disruptions and supply shortages. Data released on Tuesday showed that manufacturing output rose 1.4 per cent in July from a month earlier; it was revised down 0.3 per cent in June. Overall industrial output, including mining and utilities, rose 0.9 per cent in July. The median expected by economists is 0.7% month-on-month growth in manufacturing output and 0.5% month-on-month growth in industrial output. Although the results included a surge in car production, the increase in production for the month was quite extensive. Solid business spending, steady spending
JPMorgan Chase & Co expects the UK to raise interest rates for the first time six months ahead of schedule due to strong employment data.
JPMorgan Chase & Co raised expectations of the timing of the Bank of England's possible rate hike, saying the strength of the UK labour market could prompt the central bank to act in the second quarter of 2022. Economist Allan Monks said the first rate hike of 15 basis points to 0.25% would come six months earlier than he had expected, after which the Bank of England would raise interest rates every six to nine months. He made the announcement after official figures showed record wage growth and job openings. "demand for net new jobs is strong, and this is in the face of labor shortages," Monks week
Tesla's share price performed poorly in the first five months of this year: it has fallen by about 20% since the beginning of the year.
[TechWeb] according to foreign media reports, Tesla's share price rose more than 700% in 2020, because the company's CEO Elon Musk (Elon Musk) led the company out of the so-called "production hell" and greatly increased the sales of electric vehicles. Entering 2021, Tesla's stock price did not perform very well. The company's share price has fallen by about 20% since the beginning of 2021, despite record production and delivery in the first quarter of 2021, and revenue and profit exceeding Wal.
Tesla raises the price of three electric vehicles in the US market by 500USD.
[TechWeb] according to foreign media reports, after raising the prices of three electric vehicles in the US market on May 6, Tesla again raised the prices of three electric vehicles in the US market. After the increase, the starting price of the standard battery life upgrade version Model 3 is close to 40000 US dollars. According to foreign media reports, the price increases of Tesla in the US market are the standard life upgrade version Model 3, the dual-motor all-wheel drive long-range flight version Model 3 and the dual-motor all-wheel drive long-range flight version Model Y, all of which have been raised by 500USD. After upward adjustment
HSBC: the number of multimillionaires in China will double in the next five years, and the middle class will exceed 500 million.
HSBC economists estimated in a report on Friday that the number of multimillionaires in China will more than double over the next five years, and the size of the middle class will increase by nearly half, thus stimulating consumption in the economy. The bank estimates that the number of high net worth individuals (with at least 10 million yuan in investable assets) in China could rise from more than 2 million today to 5 million. The number of the middle class will grow by more than 45 per cent, from about 340 million today to more than 500m. A team led by qu Hongbin, chief economist for Greater China, wrote in the report: "the expanding middle class will support medium-and long-term economic growth."
Big data Analysis Company Palantir's revenue in the first quarter increased by 49% year on year, but its net loss doubled compared with the same period last year.
The original title: big data analysis company Palantir first-quarter revenue growth of 49% year-on-year, but net loss doubled year-on-year news on May 12, according to foreign media reports, big data analysis company Palantir, released first-quarter results on Tuesday local time, this quarter's revenue growth of 49% year-on-year, but failed to turn a year-on-year profit, net loss has expanded, more than twice as much as the same period last year. Palantir reported that in the first quarter of this year, its revenue was 341 million US dollars, an increase of 112 million US dollars from 229 million US dollars in the same period last year, and an increase of 48.9 per cent over the same period last year.
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