#Home #loans #economic #recovery #Covid19 “Home loans to reach $3.2-T in 2020, Most in 17 yrs“– Paul Ebeling US home mortgage originations are forecast to total $3.18-T this year, the most since Y 2003, as low rates drive a spike in refinancing and purchases, according to the Mortgage Bankers Association (MBA). Housing activity has soared […]
$TOL $LEN $KB Sales of new homes rose a strong 16.6% in May with the reopening of major parts of the country fueling healthy activity in the US housing market. The Commerce Department reported Tuesday that sales of new single-family homes rose to a seasonally adjusted annual rate of 676,000 last month. That was a much better […]
$RACE $F $GM $TSLA $JPM The US auto market is back on track as fast as it fell, making the V-shaped recovery real. New vehicle sales and used vehicle prices are recovering in May and June almost as fast as they declined in March and April, according to JPMorgan. “We didn’t call it, nor did […]
$DIA $SPY $QQQ $RUTX $VXX April had a record decline in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the C-19 coronavirus chaos outbreak. The National Association of Realtors (NAR) said Thursday that pending home sales index dove 21.8% from the prior month to a level of […]
The US financial markets will be closed on Wednesday, New Year’s Day, and will reopen Thursday, at their regular hours 2 January 2020. Happy New Year!
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street’s indexes set new records again, The Trump Policies are working President Trump is the main reason for the recent strength in the stock market, more so than the impartial evaluations of how the economy is performing, Nobel-prize winning economist Robert Shiller said during a appearance Sunday. Dr. Shiller […]
Glow-in-the-Dark sand and Jurassic Park-like attractions are all in the plans. There are not many reasons to visit the middle of the desert. But Saudi Arabia’s Crown Prince is hoping to change that by building a $500-B city in the middle of nowhere. Dubbed Neom, a combination of the Greek word neos (“new) and the […]
Wednesday, Thailand’s government announced a plan to set up a center to combat unverified news on social media platforms, rejecting concerns that it might be used to suppress free speech. The planned center’s goal would be to fight all kinds of fake news, with a focus on misinformation about disasters and financial matters, Minister of […]
Fish are swimming in the streets of Miami A phenom known as “king tides” a higher than normal tide caused by a Full or New Moon is getting worse in Miami maybe because of sea-level rise caused by human-induced climate change. In an analysis, the Post reported Miami set daily high tide records for more […]
$XAU, $XAG, $GLD, $GDX, $GOLD, $NEW, $FNV, $AEM, $AU, $RGLD, $KGC, $GFI, $GDX, $GDXJ Investors buy gold for several reasons, but the Key 1 is geopolitical uncertainty, it is a powerful force when it comes to gold demand. With China devaluing its RMB Yuan and halting purchases of US agricultural products in response to President Trump’s additional […]
FLASH: Homeowners enjoy a $9.7-T gain in equity in last 10 years, up from $6.1-T in Q-1 of Y 2009.. “We are lifting up forgotten communities, creating exciting new opportunities, and helping every American find their path to the American Dream, the Dream of a great job, a safe home, and a better life for […]
US new home sales rose in June, but remained below sales marked earlier this year, suggesting low mortgage rates and a healthy job market are not encouraging many more purchases. The Commerce Department said Wednesday that new home sales increased 7% to a seasonally adjusted annual rate of 646,000. That is up from 604,000 in […]
Open the dictionary now and you will find dozens of new words that reflect the digital age, although it is not just the tech savvy that are influencing our language. The entertainment world has coined dozens of terms that have found their way into Merriam-Webster, which added 600 new words to the dictionary this year and gave […]
#1 Men In Black: International #2 Godzilla: King of the Monsters #3 X-Men Dark Phoenix #4 The Secret Life of Pets 2 #5 Toy Story 5 #6 The Lion King #7 Fast & Furious Presents: Hobbs & Shaw #8 Joker #9 Frozen 2 #10 Spies In Disguise #11 Indiana Jones 5
$SPWR FLASH: Do not expect the renewable energy firms to endorse AOC socialist Green New Deal US solar and wind power companies may have the most to gain from the Green New Deal, an ambitious proposal backed by several Democratic Presidential candidates to end U.S. fossil fuel consumption within a decade. But do not expect […]
Inbit Corp OTC:INBT is preparing one of its hottest brands to launch on a Global level, Royal Ellamae is a brand of luxury Birds Nest based skincare products. Bird’s Nest is reputed to maintain youthfulness and enhance the complexion. From a biological standpoint, Bird’s Nest contains proteins, amino acids and minerals that are essential for […]
Sales of new US single-family homes fell in January, suggesting the housing market weakness persisted early in Q-1. The Commerce Department said on Thursday new home sales declined 6.9 percent to a seasonally adjusted annual rate of 607,000 units. December’s sales pace was revised higher to 652,000 units from the previously reported 621,000 units. Economists polled […]
FLASH: Sales of new US single-family homes rose 7-month highs in December Other data Tuesday showed an acceleration in growth in the vast services sector in February, powered by a surge in new orders. The moderation in the pace of hiring fits in with expectations of slower economic growth as the stimulus from a $1.5-T […]
FLASH: Larry Kudlow: ‘The Green New Deal Will Literally Destroy the Economy” White House economic adviser Larry Kudlow warns that Democrats proposing to overturn The Trump Administration’s success by offering socialist policies will derail economic growth. “I do notwant us to stand idly. I don’t want to let this stuff fester. I want it challenged, […]
$AAPL FLASH: Apple gambling on new products to ‘Blow fans away” Apple’s (NASDAQ:AAPL) CEO Tim Cook said he has ‘never been more optimistic’ about where the company is today and where it’s heading. In a pep talk to investors. CEO Cook said the iPhone maker is “planting seeds” and “rolling the dice” on future products […]
$AMZN Leon Cooperman, a billionaire investor and the founder of Omega Advisors, is worried the US may be steering too far left, especially after Amazon.com (NASDAQ:AMZN) opted against opening a 2nd HQ in New York City. “What happened in New York with the movement led by AOC is disgraceful and wrong,” Mr. Cooperman said Tuesday. AOC […]
A new NASA telescope, expected to be operational in the mid-2020’s, will offer a view 100X wider than the famous Hubble telescope. The WFIRST telescope is expected to find millions of galaxies with one image and discover new exoplanets, according to a video posted on the newspaper’s website Tuesday. NASA officials also anticipate the telescope will […]
FLASH: Green New Deal Reads Like a Democratic Party Suicide Pact Karl Rove, former White House deputy Chief of Staff, blasted the proposal by Representative Alexandria Ocasio-Cortez (D-NY), for a Green New Deal and called it a “laundry list of lunatic ideas.” His comments came Wednesday during an TV interview on “America’s Newsroom.” “She has a […]
The ‘bright burning’ progressive rising-starlet Representative Alexandria Ocasio-Cortez, (D-NY) is being dubbed the future of the party, if that comes to pass the Democrats are in big trouble. In remarks on TV Thursday afternoon, Joseph Lieberman, a former Democrat who was the party’s Vice Presidential nominee in Y 2000 before turning Independent said the party must […]
Progressive Dem Representative Alexandria Ocasio-Cortez’s (D-NY) call for a proposed “Green New Deal” to protect the environment “seems pointless,” Deputy Press Secretary Hogan Gidley said Friday. “It is quite rich for Congresswoman Ocasio-Cortez to point out the fact that we need to ruin our economy and stop all air travel and stop all cars in […]
Long weekends can be used for so much more than vegging out and marathon TV. A long weekend is the perfect time to go on an adventure. Taking a road trip is a great way to get to know the place where you live, and see sights you may not have ever seen. Here are […]
New Orleans has many original delicious dishes that make it the envy of the culinary world. Chef’s there turn out specialty dishes like no other, and a trip here is as much about eating as it is touring and/or partying. So while you are in The Big Easy do not miss out on these classic […]
Citizen scientists have discovered a new Planet orbiting a Red Star 226 light-years from Earth, in the Taurus constellation, and lies in a habitable zone where liquid water or life could exist, according to reports Saturday. The Planet is about 2X the size of Earth, and is is known as K2-288Bb. This new Planet was […]
$RACE In this column over the recent past, I have reported on Ferrari’s very strong profit margins, which average about 80,000/car. Ferrari is alone in the automotive world, as it reports adjusted earnings before interest, taxes, depreciation and amortization in the 25% to 30% range. These margins have been achieved by branding Ferrari as a […]
NASA’s New Horizons spacecraft has survived humanity’s most distant exploration of another world. Just 10 houra after the middle-of-the-night encounter 4-B miles away, flight controllers in Laurel, Maryland, received word from the spacecraft late Tuesday morning. Cheers erupted at Johns Hopkins University’s Applied Physics Laboratory, home to Mission Control. “We have a healthy spacecraft. We’ve […]
Fireworks are with us a many major events world wide, they signify excitement and celebration. Here are some of the world’s best fireworks displays going off on New Year’s Eve. Reykjavík, Iceland For Midnight Fireworks You will hardly notice the cold or the just 5 hours of daylight when you celebrate with new friends and […]
The annual tradition of putting up a Christmas tree is a treasured in many cities around the world. Many have a special story, and all provide a little Joy to the people. Here are some the most beautiful Christmas trees around the world/ London, England The tree that stands in Trafalgar Square is gifted each year from […]
Porsche unveiled its new 911/992 at this year’s LA Auto Show in December $POAHY The imminent arrival of the 8th-generation Porsche 911 has been an exciting time for many car lovers, and it debuted early this month in Los Angeles. Code-named the 911/992, the new 911 marked a big event in Porsche’s (OTCMKT:POAHY) history as […]
Ferrari’s (NYSE:RACE) 488 Spider Challenged by McLaren’s New 720S Spider $RACE McLaren 720S Spider (pictures above) has arrived just in time for Christmas to challenge Ferrari’s 488 Spider (pictured below + our review) The 720S Spider features a folding hard-top arrangement that slips beneath a folding tonneau situated on top of the familiar 4-litre twin-turbocharged […]
A Ferrari (NYSE:RACE) 1956 Ferrari 290MM for Christmas $RACE, $BID A classic car and artwork auction is coming to the Petersen Museum that all car lover will enjoy Specialist classic car auction house RM Sotheby’s (NYSE:BID) will round off its 2018 calendar with a remarkable pre-Christmas Sale at the world-renowned Petersen Automotive Museum in Los Angeles. The museum was founded in Y 1994 […]
New Orders Surge, US Manufacturers Expand Pace $SOY, $UNG, $USD US manufacturers expanded at a faster pace in November as new orders surged, a positive sign for domestic economic growth heading into Y 2019. The Institute for Supply Management, an association of purchasing managers, said Monday its manufacturing index rose to 59.3 last month from 57.7 in […]
Major Snow Storms Hitting Central and Eastern US A major storm will combine snow and increasing wind to create a swath of blizzard conditions from the High Plains Saturday night to part of the Mississippi Valley on Sunday and the Great Lakes region Monday. While millions of people who had few problems heading to their […]
Ferrari (NYSE:RACE) Planning to Introduce an 812 Convertible $RACE Ferrari (NYSE:RACE) will follow up its Limited Edition Monzas will a full production run of a 812 roadster aka Spider. According to a FerrariChat forum frequented by Ferrari fans and owners a convertible version of the Ferrari 812 Superfast is in the works with some clienti saying they have placed […]
White House Writing Up ‘New Rules’ for Press President Donald Trump says the White House is “writing up rules and regulations” for reporters after a judge ordered the administration to restore credentials for CNN reporter Jim Acosta. President Trump told reporters Friday that “people have to behave.” He added that if journalists “do not listen […]
F1: Liberty Media Fuels a Air of Uncertainty, Stock Tanks $RACE, $FWONK Liberty Media claims that F1 reversing stock price may have been fueled by an air of uncertainty over if it will strike a new deal with the 10 racing Teams before their current contract expires in years. Liberty bought F1 for $4.6-B, and […]
Ryanair Holdings (OTCMKT:RYAOF) and CEO Michael O’Leary Sued in New York for Stock Fraud $RYAOF Ryanair Holdings Plc (OTCMKT:RYAOF) and CEO Michael O’Leary have been sued in New York by a shareholder that said Europe’s largest airline defrauded investors and inflated its share price by overstating its ability to manage labor relations and keep costs […]
Tesla’s (NASDAQ:TSLA) Future Is Not Secure Yet $TSLA Following Tesla (NASDAQ:TSLA) and Elon Musk has been Wild, that will not change in the foreseeable future. Last week stronger-than-expected Q-3 results relieved some of the pressure on the company and its deposed Chairman, Elon Musk, after a turbulent several months. In early August Mr. Musk smothered […]
Ferrari (NYSE:RACE) ‘Quietly’ Prepares for Hybrid Introductions in 2020 $RACE Most of the cars built by Ferrari will be hybrid petrol-electric by Y 2022, the Italian luxury car manufacturer says including its newly announced FUV named the Purosangue, Italian for Thoroughbred. “By 2022, nearly 60% of the models we produce will be built around hybrid power-trains,” […]
US New Home Sales Fall as Mortgages Rates Rise Sales of new US single-family homes fell to a near 2-year low in September and data for the prior three months was revised lower, the latest indications that rising mortgage rates and higher prices were sapping demand for housing. Though housing accounts for a small share […]
Rio Tinto (NYSE:RIO) Reveals Largest Fancy Purplish Red Diamond in New York $RIO Rio Tinto (NYSE:RIO) has revealed its 2018 Argyle Pink Diamonds Tender in New York to collectors, connoisseurs and those in search of the incomparable, including the Argyle Muse™, the largest purplish red diamond ever offered at Tender. Rio Tinto’s Argyle mine is […]
The Top 5 US Beaches Whether you want to snorkel in crystal-clear coves, surf the biggest breaks in the US, or walk along a rocky shore, there is a super US beach for you. But with so many options, where should you begin? Dr. Beach, aka Dr. Stephen P. Leatherman, professor and director of the Laboratory […]
Of the 101 Top Rated Pizza Makers in the US, 10 are in California New York and Chicago are known for having great pizza, but California also has some of the best pizza places in the country, according to a new list by The Daily Meal. The Daily Meal set out to find the best […]
Cryptocurrency Exchanges Are at Risk for Manipulation $BTCUSD Several cryptocurrency exchanges are beleagured by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published Tuesday. The study found that online platforms where virtual currencies such as bitcoin can be bought and sold […]
Doubts Being Cast on #MeToo Movement Former New York City Mayor Michael Bloomberg expressed doubt in an interview with The New York Times about the #MeToo movement, calling the allegations of sexual misconduct “disgraceful” but also saying “I don’t know how true all of it is.” Bringing up unprompted the case of TV anchor Charlie Rose, who […]
President Trump Going to Impose New China Tariffs Sunday we learned that US President Trump is going ahead with plans to impose new tariffs on about $200-B of Chinese imports. Both sides were preparing to hold new talks on their tariff dispute. Last week President Trump told reporters such a move could come “very soon.” […]
Ferrari’s (NYSE:RACE) New Models Debut on 17 September $RACE Ferrari (NYSE:RACE) is planning to unveil a new model on 17 September and maybe more than 1. It is being reported that Ferrari could be working on some different models that are based on the 812 Superfast. These rumors may be taken with a grain of salt, but […]
THEMAC Copper Flats Permitting Update THEMAC Resources Group Limited(TSX VENTURE:MAC) through its wholly-owned subsidiary New Mexico Copper Corporation (NMCC), is currently engaged in securing 2 important state operating permits: a Groundwater Discharge Permit (focused on groundwater protection) from the New Mexico Environment Department (NMED); and a New Mine Permit to regulate mine operation and reclamation […]
New Homes Sales Slow for the 4th Month Running Sales of new US single-family homes fell in July to a 9-month low in a sign the housing market was cooling and could give less support to the overall economy. The Commerce Department said on Thursday new home sales decreased 1.7%to a seasonally adjusted annual rate of […]
Ferrari (NYSE:RACE) Trading Over $125/share $RACE Ferrari (NYSE:RACE) shares have been under some pressure lately after the death of Fiat Chrysler Automobiles (NYSE:FCAU) CEO Sergio Marchionne, who had led Ferrari too. Ferrari’s new CEO Louis Camilleri, 63 anni, at a recent press conference, had described ambitious $2.3-B EBITDA (earnings before interest, taxation, depreciation and amortization) […]
Ferrari’s (NYSE:RACE) New ‘Mystery Model’ Due for Unavailing Mid-September $RACE The word in the automotive world is that Ferrari (NYSE:RACE) is set to unveil a new model at its HQ in Maranello, Italy on 17 September. The new model is code-named the F176 and thought to be based on the 812 Superfast. This indicated that it […]
Now the Ferrari (NYSE:RACE) Powered Lavante GTS 550PS SUV $RACE, $FCAU The Maserati Levante has welcomed the GTS nomenclature, along with an extensive list of upgrades and a powerful V8 engine breathing air from behind a large Trident of Poseidon badged grille. Presented for the 1st time at the Goodwood Festival of Speed, it uses the […]
Astronomers Reveal 1st Image of a Planet Being Formed Astronomers say they captured the 1st confirmed image of a planet forming in the dust swirling around a young star. Scientists said Monday the planet appears as a bright spot in the snapshot taken using the European Southern Observatory’s Very Large Telescope in Chile. Miriam Kepler […]
Thailand Has New Pioneering Rules Covering Cryptocurrencies $BTC, $ETH Thailand’s leadership, innovation and clear rules has it right in the middle of the Cryptocurrency market Regulators around the world have grappled with the issue of what category digital currencies and assets fall into, Thailand has skipped that debate. Instead, Thai authorities wrote a new law to cover […]
Record breaking Australian first-season sire Zoustar, part-owned by Qatar Racing, will stand at Tweenhills Stud in Gloucestershire for the 2019 breeding season. Currently based at Widden Stud in New South Wales, Zoustar will shuttle to the UK next season where he will join the Qatar Racing stallion roster. European breeders will have access to the most promising young […]
China and Europe retaliate tariffs against US goods China vowed to “immediately” retaliate to US tariffs on Friday as Washington moved closer to imposing duties that could trigger a trade war. US President Donald Trump is due to unveil later Friday a final list of roughly $50 billion in Chinese imports that would face punishing […]
Expect Italy’s New anti-Establishment Government to ‘Dump’ Euro $EUR Thursday, just a few minutes after the announcement on of a deal on a new anti-establishment government in Italy, 1 of its leaders attacked a top Eurozone official for comments he deemed racist in a fresh sign of cracked relations with Brussels. In a conference Thursday, […]
President Trump Influenced NFL’s New Rules on National Anthem President Trump spoke, the NFL Owners Listened National Football League team owners admit that President Donald Trump’s position on players kneeling during the National Anthem made an impact on how they decided to respond Several NFL team owners acknowledged that President Trump’s coming out against the protests […]
President Trump’s NKorean Peace Efforts Accelerate President Donald Trump confirmed Tuesday that a top NKorean official is headed to New York for talks on an upcoming Summit between President Trump and NKorean leader Kim Jong Un. President Trump Tweeted that Kim Yong Chol was traveling to New York as part of ongoing meetings between the […]
High Taxed Blue State’s Triggers Migrations to Low Taxed Red States A provision within President Trump’s new tax law will induce a mass migration from high-tax blue states to low-tax red states, a “change could be good for all the states,” Professors’Art Laffer and Stephen Moore wrote today in the WS-J. Capping the deduction for […]
US New Home Sales Up 4%, West Marks 11-Year Highs Sales of new US single-family homes increased in March as sales in the West rose to their highest marks in more than 11 years. The Commerce Department said on Tuesday new home sales increased 4.0% to a seasonally adjusted annual rate of 694,000 units last month. February’s […]
Sotheby’s (NYSE:BID) Fine Wine Sale Indicate Prices are Rebounding $BID Prices for leading Bordeaux wines are rebounding The 18 April totaled GBP 1.05-M. Auctions are scheduled for New York this week and in London on 16 May. Six magnums of rare Chateau Lafleur 1982 wine from the Pomerol region hammered for $77,095, or more than […]
Rudy Giuliani Joins President Trump’s Legal Team “for the good of the Country” Thursday, former New York Mayor Rudolph Giuliani, 73 anni, said he was joining US President Donald Trump’s legal team to try to end Russia special counsel Robert Mueller’s probe “for the good of the Country.” “I’m doing it because I hope we […]
Cadillac is the Car of Choice for Presidential Limousines $GM Thursday it was reported that there is a new fleet of Presidential limos coming Cadillac Division of General Motors (NYSE:GM) this Summer, and that the US Secret Service already has 1 of the cars. General Motors (NYSE:GM) built 12 official state cars at a reported […]
Runaway Bestseller ‘Deep State’ Banned from NY-T’s List $NYT, $AMZN Jerome Corsi’s bestselling new book “Killing the Deep State: The Fight to Save President Trump” is a runaway bestseller, but you will not see or read anything about it in the The New York Times. “Killing the Deep State” debuted last week at #10 on […]
Ferrari (NYSE:RACE) Engineered Maserati Levante Trofeo Fastest SUV in the World $RACE, $FCAU Maserati unveiled the 2019 Levante Trofeo performance SUV Wednesday at the 2018 New York International Auto Show. The Limited Edition Levante Trofeo is powered by 590 hp, twin-turbocharged Ferrari V8. According to Maserati, the Levante Trofeo can do 0-60 mph in 3.7 secs and reach […]
How That $1.3-T Omnibus Spending Bill Got Passed, Amazing! “All you need to know why this was a bad bill is to look at the roll call,” a Republican insider e-Mailed me Saturday. And, yes he is right. US President Donald Trump, faked a veto, then reluctantly signed the $1.3-M spending bill Friday. Now, a […]
World Famous Ocean Liner, QE2 Moved to Dubai’s Drydocks for Conversion The ship is set to reopen as a hotel more than a decade after being acquired by a Dubai investment firm. The world famous Queen Elizabeth II (aka QE2) liner has been moved to Dubai’s Drydocks World as it undergoes a conversion into a […]
F1: Ferrari’s (NYSE:RACE) New Racer, a Close Look $RACE Ferrari have made some significant technical additions this year to try to Top MercedesAMG and capture its 1st world title since Y 2008. Below is a close look and explanation of what The Scuderia’s engineers created to accomplish that Mission. With its Y 2018 car, the […]
World’s New Tallest Hotel to Open in Dubai The Emirate already holds the record for the world’s tallest hotel with the JW Marriott Marquis Dubai will become the home of the world’s new tallest hotel in the coming weeks as the Gevora prepares to opens its doors. The emirate already held the record for the […]
China’s President Xi’s New Year Speech Heralds ‘Golden Age’ for China The New Year’s speech given by Chinese President Xi Jinping Sunday promises a Golden Age for China and shows a global vision to brush aside challenges hindering prosperity for humanity. Bangladeshi Commerce Minister Tofail Ahmed said that President Xi once again made a historic speech, saying […]
Celebrants World Wide ‘Ring In’ This New Year From spectacular fireworks in Hong Kong and Australia to a huge LED lightshow at the world’s tallest building in Dubai, a look at how revelers around the world are ringing in Y 2018: UNITED ARAB EMIRATES (UAE) Dubai’s Burj Khalifa, the world’s tallest building, has again served […]
President Trump’s New Year Tweet to Friends and Foes President Donald Trump’s a New Year’s Eve message: “What a year it’s been, and we’re just getting started.” President Trump also tweeted Sunday: “Together, we are MAKING AMERICA GREAT AGAIN! Happy New Year!!” Donald J. Trump ✔@realDonaldTrump What a year it’s been, and we’re just getting […]
Work Towards a Healthy Lifestyle in the New Year Whether it is a New Year’s Resolution, a disturbing medical report, or you are just fed up with the way you look and feel, you may finally be motivated to adopt a healthier lifestyle in Y 2018. That is a smart move. But, the truth is […]
Countdown to New Year’s Has Begun Some Facts! New Year’s Eve ranks as the 6th most favorite Holiday among Americans. An estimated 92% of US adults celebrate the Holiday, and about 70% of Americans plan to stay up past Midnight as they welcome the New Year. Cities around the world hold public celebrations attended by […]
In the New Year, Focus, Keep Eyes on the Target The New Year is a time for resolutions, but change can be and for many very challenging. To help turn this New Year’s resolutions into a permanent lifestyle I will be providing 1 health tip daily in our Health Section in January. The Big Q: […]
The Rolls-Royce Phantom VIII Sitting back and enjoying the deep-seated luxury of the new Rolls-Royce Phantom VIII Rolls-Royce’s Phantom models justifiably claim to be monarchs of the automotive world, having been in almost continuous production for 92 years There’s no other nameplate out there that is even close to achieving 100 anni status, so the […]
New-Home Sales Spike 17.5% in Biggest Rise in 25 Years New US home sales saw their largest monthly increase in more than 25 years in November, with buyers in the fire-stricken West snatching up new houses at a rapid pace, according to government data released Friday. The increase pushed the volume of sales to a […]
FLASH :Disney, Fox Deal Made $52.4-B $DIS, $FOXA Walt Disney Co. agreed to a $52.4-B deal to acquire much of the global empire that media baron Rupert Murdoch assembled over three decades, from a fabled Hollywood studio to Europe’s largest satellite-TV provider to one of India’s most-watched channels. Holders of Murdoch’s 21st Century Fox Inc. (NASDAQ:FOXA) […]
US’ Failed Immigration Policies Create Security Issue Tuesday, US Attorney General Jeff Sessions said that an attack on the New York City subway system showed in the “starkest terms” that the failures of the U.S. immigration system are a national security issue. Speaking at a news conference with the new Chief of Homeland Security, AG […]
Saudi Stock Exchange Upgrades Systems The upgrade will enable market members to provide new categories of securities and services to investors The Saudi Stock Exchange (Tadawul) has announced an agreement with Nasdaq to develop new clearing and settlements systems. The deal will see the current Tadawul registration, filing and settlement system replaced by a central […]
1959 Ferrari 250 GT LWB California Spyder Hammers for $17.99-M in New York $RACE, $BID RM Sotheby’s (NYSE:BID) wrapped up its auction in New York, where it sold 2 Silver roadsters, 1 of them selling for the price of $17.99-M. There were just 4 of the Ferrari 250 GTS LWB all aluminum California’s w/0 covered headlights, I owned […]
Ferrari (NYSE:RACE) Design, ‘Sensual but Logical’ $RACE Ferrari design boss Flavio Manzoni, 52 anni, was in London recently for the opening of an exhibition of the iconic Italian brand at the world-famous Design Museum. The man behind the La Ferrari, FXX, 488 GTB and more was asked about his design approach and inspirations, and what he thinks about designing […]
US New-Home Sales Spikes 6.2% to 10 year Highs Americans bought new homes in October at the fastest pace in a decades, a 6.2% monthly increase that reflects both the underlying strength of the economy and a shortage of existing homes for sale. The Commerce Department said Monday that new-home sales last month rose to a seasonally […]
Diabetes Costs US $245.5-B Annually Diabetes costs the US $245.5-B a year in total healthcare expenditures and lost productivity, according to a new report that tabulates the financial toll of the metabolic disorder. For the one in 10 Americans with diabetes, that breaks down to an extra $8,480 annually, compared with those who have not […]
Worst Terrorist Attack in NYC Since 9/11, 8 Dead Tuesday at 3:00p EDT, a Muslim terrorist driving a rented truck mowed down pedestrians and cyclists on a bike path alongside the Hudson River in New York City. He killed 8 people and injured 11 others in what authorities said was an act of terrorism. It […]
US Homebuilder Sentiment (NHAB) Rises, as Sales Slow US homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose 4 points […]
Dubai’s New Tallest Tower is Taking Shape The $1-B mixed-use building will form the centerpiece of the 6 sqkm Dubai Creek Harbour The Tower at Dubai Creek Harbour, slated to become the new tallest tower in Dubai is now taking shape in the Emirate. Launched in April last year, the $1-B mixed-use building will form […]
New Drug Lowers Heart Risks by Curbing Inflammation $NVS For the 1st time, a drug has helped prevent heart attacks by curbing inflammation, a new and very different approach than lowering cholesterol. People on the drug also had surprisingly lower cancer death rates, especially from lung cancer. An anti-tumor effect is an exciting possibility. Doctors […]
Federal Regulations at All-Time Low Under President Trump President Donald Trump has kept to his campaign promise to clear federal regulations, bringing them down to a record low, according to a new study. “The results are substantial,” reads the report. “New regulatory burdens are a fraction of those established under President Obama’s 1st 6 months; […]
UAE Debuts Smart System to Provide Visas in 10 mins The smart system will allow UAE citizens and residents to undertake all Visa-related activity The UAE’s Ministry of Interior launched a new smart services system that will allow nationals and residents apply for entry permits and residency Visas within 10 minutes. The new service, called […]
US New Home Sales Rise in June, Prices Fall $DIA, $SPY, $QQQ, $VXX Sales of new homes rose slightly in June, hitting their highest level in 3 months, as demand for housing remained stiff, according to government data released Wednesday. But prices retreated from an all-time high and supplies rose, suggesting new construction could be […]
Ukraine Breaking Up, No Comment from Kremlin Yet Separatists in Eastern Ukraine Tuesday proclaimed a new state that aspires to include not only the areas they control but also the rest of Ukraine. The announcement in the rebel stronghold of Donetsk casts further doubt on the Y 2015 cease-fire deal that was supposed to stop […]
July New York Manufacturing Activity Off Sharply $DIA, $SPY, $QQQ, $VXX Manufacturing in New York State grew for a 2nd month in July but at a slower pace, as new orders and shipments both dipped. The Federal Reserve Bank of New York said Monday that its Empire State manufacturing index dropped to 9.8 from 19.8 […]
Ferrari (NYSE:RACE) a New Aristocrat Stock $RACE Ferrari (NYSE:RACE) is the New Aristocrat stock and a core position for managed money and savvy investors. Iconic Italian Supercar maker Ferrari’s stock is up over 70% since its 2015 IPO, it has not slowed since reversing at 40/share in July 2016, I do not expect it to for […]
A New World of Travel Luxury: The Anam Vietnam Set to celebrate its grand opening in April, The Anam overlooks 300 metres of absolute beachfront on Vietnam’s scenic Cam Ranh peninsula, basking in sunshine at least 300 days of the year. The luxurious five-star resort, which will celebrate its grand opening in April this year, […]