Home prices in the United States jumped by the most in over seven years in March, as a growing number of eager buyers competed for a dwindling supply of housing stock. The March Case-Shiller 20-city home price index, released May 25, soared 13.3 percent in March on a year-over-year basis, the biggest gain since December…
WallStreetBets Investor Forum Gave Good ‘Buy’ Advice on Average, Researchers Say
The popular small investor online forum WallStreetBets (WSB) had been on average producing sound investment advice, a team of researchers concluded. The Reddit forum, now sporting over 10 million subscribers, gained spotlight after many of its users organized to buy GameStop stock earlier this year, starting a buying spree that boosted stock price of the…
Bitcoin Fights Back After Sunday Sell-Off
Cryptocurrencies fought back on Monday, clawing back ground after a bout of weekend selling fuelled by further signs of a gathering Chinese crackdown on the emerging sector.
Woke Social Engineering With a Big Price Tag: Victorian Budget
Commentary One of the most intriguing announcements in last week’s Victorian state budget was the removal of a land tax exemption for gender-exclusive clubs (affecting men-only or women-only clubs). It was also one of the smallest changes in a big-spending, big-taxing budget, reaping the state just $100,000 or so out of a total revenue of…
India’s National Carrier Says Hack Leaked Passengers’ Data
NEW DELHI—Personal data of an unspecified number of travelers has been compromised after a company that serves India’s national carrier was hacked, Air India said. The hackers were able to access 10 years’ worth of data including names, passport and credit card details from the Atlanta-based SITA Passenger Service System, Air India said in a…
Court Allows Suez Canal to Keep Holding Ever Given: Lawyers
CAIRO—An Egyptian court on Sunday rejected a complaint by the Japanese owner of a container ship that blocked traffic in the Suez Canal for six days in March against the vessel’s continued detention by canal authorities, a lawyer said. The Ever Given, one of the world’s largest container ships, became jammed across the canal in…
Bitcoin Down Almost 50 Percent From Year’s High
Bitcoin fell 13 percent on Sunday after the world’s biggest and best-known cryptocurrency suffered another sell-off that left it down nearly 50 percent from the year’s high. Bitcoin fell to $32,601 at 1800 GMT (2 p.m. ET), losing $4,899.54 from its previous close. It hit a high for the year of $64,895.22 on April 14. Ether,…
Virgin Galactic Moves One Step Closer to Commercial Space Flights
Flying at Mach 3 and reaching more than 55 miles above the Earth Saturday, British billionaire Sir Richard Branson’s private spaceship company Virgin Galactic Holdings Inc completed its first manned space flight from its new home port in New Mexico. This is a milestone in Branson’s near two-decades effort to create a commercial “spaceline” to…
Severe Supply Bottlenecks Add to Inflation Pressures
WASHINGTON—Worldwide supply shortages have led to price hikes for raw materials in recent months raising production costs for many businesses. Due to the “depth and breadth of supply chain disruptions” economists expect consumer prices to continue to rise for some time. According to a recent report by Institute of International Finance (IIF), the supply disruptions…
Chinese Companies Facing Largest Wave of Dollar Debt Maturities in History
Chinese companies are facing mounting pressure to repay their dollar debts. More than $100 billion of Chinese corporate dollar bonds are due to mature this year, the largest wave of maturities in history. According to Refinitiv, a global financial market data provider, China’s wave of dollar maturities will reach $118 billion. Japanese investment bank Nomura…
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