August Sees 759K Multifamily Units Completed, Highest Since 1974
US multifamily housing completions reached a 50-year high in August, signaling a potential shift in the housing market as supply begins to catch up with demand.
23andMe’s Board Resigns as CEO’s Buyout Plan Falters
23andMe is in turmoil after its entire board resigned following disagreements with CEO Anne Wojcicki over her failed plan to take the company private.
Wall Street’s New Frontier Targets Main Street With Private Funds
Wall Street firms are creating new ways for retail investors to buy into private equity and credit, raising questions about risk, liquidity, and transparency.
Great Fall Of China Continues As Country Faces Deflationary Spiral
China faces a persistent deflationary spiral driven by property market failure, weak consumer demand, and rising international trade tensions.
US Traffic Surges 12% Above Pre-COVID Levels
US vehicle miles traveled hit a new record, climbing 12% above 2019 levels as hybrid work patterns influence commuting and road congestion.
Americans Used 100T Megabytes of Data In 2023, And Carriers Are Feeling The Pressure
US cellular data use has doubled since 2021, creating a looming spectrum shortage that threatens 5G services and carrier profitability.
Oracle’s Stock On Cloud Nine Thanks To Strong Earnings And Partnerships
Oracle is surging as it pivots toward AI infrastructure, securing major partnerships with cloud rivals and solidifying its position among industry leaders.
Can Amazon Win Over Grocery Shoppers With Cheaper Goods and Faster Delivery?
Amazon is ramping up its grocery strategy with the launch of Amazon Saver, aggressive price cuts, and a new delivery subscription to challenge industry leaders.
Airbus Jets Grounded Due to Engine Problems, Adding to Aviation Industry’s 2024 Woes
Engine problems at Pratt & Whitney and Rolls-Royce are forcing groundings of Airbus jets, adding to airline industry operational challenges.
Palantir and Dell To Join S&P 500 On Bumper AI Demand, Sales
Palantir and Dell are set to join the S&P 500 index on September 23, replacing three companies in a major quarterly rebalancing.
Canada Goose is Getting Cooked, So It’s Stirring The Pot Beyond Parkas
Canada Goose is shifting its product strategy toward year-round apparel to combat seasonal risks and declining stock performance.
