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BREAKING: RFK Jr plans to endorse Trump, per AP.
Bitcoin is up 4% today, nearly at $63,000.
Two whistleblowers will receive a total of $98 million for providing information that helped in a probe by the SEC The first tipster will receive an $82 million award. The second will get $16 million. In keeping with agency practice, the whistleblowers weren’t identified.
Sixteen Republican-led states are suing to end a program that could give immigrants without legal status who are married to U.S. citizens a path to citizenship, per AP.
The job market cannot cool too much more without a recession, former Fed vice chair Alan Blinder said.
From January to May this year, there was an average of 20 real estate, rental or leasing insolvencies in Canada every month, per the Globe. Canada is on track to reach about 240 real estate insolvencies this year, which would be 57% higher than 2023 and 13% higher than 2009,
The US is suing Thoma Bravo's RealPage for allegedly violating antitrust law by helping property managers collude to drive up rental prices on millions of units
Fed's Powell: we do not seek or welcome further cooling in labor market conditions.
California’s population has shrunk by more than 570,000 since 2020, based on Census Bureau data.
For those who missed it, US new home sales surged to 739K in July, marking a 10.6% MoM jump (!!!), highest MoM change since August 2022 now. - New Home Sales (Jul): 739K (vs 624K; prev: 668K) - New Home Sales (MoM) (Jul): 10.6% (vs 1.0%; prev: 0.3%)
"Wonder why grocery prices are still high? So does the US government," per KXAN of NBC. After surging to 13.5% in August 2022, year-over-year grocery inflation stood at 1.1% in June of 2024.
In 2023, nearly 28% of 24-year-olds owned homes, outpacing millennials and Gen X at that age, according to a January Redfin report. A quarter of Gen Z, aged 19 to 26, jumped into homeownership last year.
Here is Jerome Powell's full speech today at Jackson Hole where he became "dovish" and said the "time has come" to cut interest rates.
The personal saving rate down to 3.4% as of June 2024, updated at the end of July, per FOX. Pre-pandemic in January 2020, the personal saving rate was at 7.2%.
Food prepared at home is still the better bet for saving money — with prices growing at a pace of just 1.1% annually compared to 4.1% for dining out, per Axios.
Powell: "the time has come" for the central bank to begin lowering interest rates
Nearly 29% of single family homes were purchased by investors in Miami, per Redfin.
Millennials, once perpetually behind, are now suddenly wealthier than other generations were at their age, per WSJ.
California's private sector added just 5,400 jobs since 2022, at a time when national employment was booming, an analysis from a Stanford University economist shows.
More than half of residential investors (52%) have lost $100,000 or more on a single real estate investment, per Clever Real Estate.