#economic-trends

[ follow ]

Good News for Newsom, as California Deficit Slashed From $68 Billion to Just $2 Billion

California's budget deficit has dramatically decreased from $68 billion to $2 billion, reflecting recovery after significant financial instability over recent years.
#billionaires

Exclusive | NY lost 9 billionaires this year - here's how their absence is bad news for every New Yorker

New York billionaires are losing wealth, with nine dropping off Forbes 400 and a total of 18 in five years.

The 15 cities around the world with the most billionaires, ranked

The concentration of billionaires is rising in major cities, particularly New York, indicating their preference for urban living over rural or less populated areas.

Exclusive | NY lost 9 billionaires this year - here's how their absence is bad news for every New Yorker

New York billionaires are losing wealth, with nine dropping off Forbes 400 and a total of 18 in five years.

The 15 cities around the world with the most billionaires, ranked

The concentration of billionaires is rising in major cities, particularly New York, indicating their preference for urban living over rural or less populated areas.
morebillionaires

'Bleeding cash': Bay Area tech's primary funders are having a very rough time

Venture capital is struggling due to a lack of profitable exits and mounting economic challenges.
2023 marked venture capital's lowest profitability in over a decade, reflecting a downturn in the industry.

Beware the Bro-Economy

Young men are increasingly attracted to high-risk financial ventures, seeking quick gains in volatile markets like day-trading and crypto.
#baby-boomers

Boomers are the wealthiest generation that's ever lived, finds Allianz-Millennials are the 'biggest losers' thanks to economic crises

Baby boomers are the wealthiest generation due to favorable economic conditions, while millennials face wealth accumulation challenges from multiple crises.

A 'silver tsunami' of retirement-age baby boomers is creating a big opportunity for real-estate investors, research firm says

The aging baby boomer population is driving significant growth in the senior housing market, expected to surge 50% by 2040.

Boomers are the wealthiest generation that's ever lived, finds Allianz-Millennials are the 'biggest losers' thanks to economic crises

Baby boomers are the wealthiest generation due to favorable economic conditions, while millennials face wealth accumulation challenges from multiple crises.

A 'silver tsunami' of retirement-age baby boomers is creating a big opportunity for real-estate investors, research firm says

The aging baby boomer population is driving significant growth in the senior housing market, expected to surge 50% by 2040.
morebaby-boomers
#thanksgiving

Wells Fargo economist says cheap Thanksgiving meals will be more expensive this year

Thanksgiving meal costs reveal surprising trends: name brand prices are falling while store brand prices are rising, affecting consumer choices.

The 10 most expensive states to buy a Thanksgiving turkey - and the 10 cheapest

Turkey prices vary significantly by state, with an average of $31.16 for a 15-pound turkey in 2024.

Wells Fargo economist says cheap Thanksgiving meals will be more expensive this year

Thanksgiving meal costs reveal surprising trends: name brand prices are falling while store brand prices are rising, affecting consumer choices.

The 10 most expensive states to buy a Thanksgiving turkey - and the 10 cheapest

Turkey prices vary significantly by state, with an average of $31.16 for a 15-pound turkey in 2024.
morethanksgiving
#presidential-election

Wall Street invokes risk controls it 'normally might not do' to face trading uncertainty during tightest election in memory

Markets are currently pricing in significant uncertainty due to fluctuating election forecasts, with analysts advising caution and proactive risk management.

September inflation weakest in three years as price growth continued decline

Inflation has slowed to its lowest rate in nearly three years, reflecting significant economic changes before the presidential elections.

Homebuilder confidence gets a post-election boost

Homebuilder confidence is on the rise due to anticipated regulatory relief after the recent election.

Wall Street invokes risk controls it 'normally might not do' to face trading uncertainty during tightest election in memory

Markets are currently pricing in significant uncertainty due to fluctuating election forecasts, with analysts advising caution and proactive risk management.

September inflation weakest in three years as price growth continued decline

Inflation has slowed to its lowest rate in nearly three years, reflecting significant economic changes before the presidential elections.

Homebuilder confidence gets a post-election boost

Homebuilder confidence is on the rise due to anticipated regulatory relief after the recent election.
morepresidential-election
#mortgage-rates

Mortgage rate hits the highest level in months

Mortgage rates are experiencing volatility, currently at 6.44%, which is up from 6.32% last week and significantly lower than a year ago.
Higher mortgage rates affect home buyers' budgets and can deter sellers from listing homes.

Housing market's lock-in effect is so intense that existing home sales are at multi-decade lows

Existing home sales remain stagnant despite improved affordability, with projections indicating a decline in 2024 sales compared to previous years.

Mortgage refinance boom takes hold, as weekly demand surges 20%

Homeowners are refinancing at a record pace due to declining mortgage rates.

Foreclosure filings are rising. Could the trend continue in 2025?

Foreclosure activity rose in October 2024, posing challenges for homebuyers as they head into 2025.

Mortgage Rates Fell, Then Rose. What Comes Next?

Rising mortgage rates have confused buyers who anticipated a prolonged period of decline, pushing many back into the rental market.

Home Prices Hit a New Record High, but the Pace of Growth Is Slowing Significantly and 'Showing Signs of Strain'

Home prices in the 20 largest U.S. metros are at an all-time high but are decelerating due to high mortgage rates.

Mortgage rate hits the highest level in months

Mortgage rates are experiencing volatility, currently at 6.44%, which is up from 6.32% last week and significantly lower than a year ago.
Higher mortgage rates affect home buyers' budgets and can deter sellers from listing homes.

Housing market's lock-in effect is so intense that existing home sales are at multi-decade lows

Existing home sales remain stagnant despite improved affordability, with projections indicating a decline in 2024 sales compared to previous years.

Mortgage refinance boom takes hold, as weekly demand surges 20%

Homeowners are refinancing at a record pace due to declining mortgage rates.

Foreclosure filings are rising. Could the trend continue in 2025?

Foreclosure activity rose in October 2024, posing challenges for homebuyers as they head into 2025.

Mortgage Rates Fell, Then Rose. What Comes Next?

Rising mortgage rates have confused buyers who anticipated a prolonged period of decline, pushing many back into the rental market.

Home Prices Hit a New Record High, but the Pace of Growth Is Slowing Significantly and 'Showing Signs of Strain'

Home prices in the 20 largest U.S. metros are at an all-time high but are decelerating due to high mortgage rates.
moremortgage-rates
#housing-market

New York City rent has increased by 36% since before the pandemic

New York City's average rent has skyrocketed by 36% since before the pandemic, significantly outpacing wage growth.

8 expensive U.S. cities losing renters to these affordable hot spots

Many Americans are relocating or downgrading to more affordable living situations due to rising rent costs.
The trend of moving for affordability continues, driven by both economic pressures and demographics.

Why aren't home prices falling?

The U.S. housing market shows surprising price stability despite increased inventory and low transaction volumes.

First-time homebuyers are now older than ever as the housing crisis deepens

The median age of first-time homebuyers in the US has reached 38, reflecting economic challenges and higher home prices.

The typical first-time homebuyer in America is older than ever before

First-time homebuyers in the U.S. are older and account for the lowest market share in decades, primarily due to affordability challenges.

Mortgage delinquencies decrease from second-quarter 2024: MBA

Mortgage delinquencies showed a slight recovery, dropping to 3.92% in Q3 2024 after high home prices and mortgage rates challenged many homeowners.

New York City rent has increased by 36% since before the pandemic

New York City's average rent has skyrocketed by 36% since before the pandemic, significantly outpacing wage growth.

8 expensive U.S. cities losing renters to these affordable hot spots

Many Americans are relocating or downgrading to more affordable living situations due to rising rent costs.
The trend of moving for affordability continues, driven by both economic pressures and demographics.

Why aren't home prices falling?

The U.S. housing market shows surprising price stability despite increased inventory and low transaction volumes.

First-time homebuyers are now older than ever as the housing crisis deepens

The median age of first-time homebuyers in the US has reached 38, reflecting economic challenges and higher home prices.

The typical first-time homebuyer in America is older than ever before

First-time homebuyers in the U.S. are older and account for the lowest market share in decades, primarily due to affordability challenges.

Mortgage delinquencies decrease from second-quarter 2024: MBA

Mortgage delinquencies showed a slight recovery, dropping to 3.92% in Q3 2024 after high home prices and mortgage rates challenged many homeowners.
morehousing-market

2 maps show how Americans rely on income like Social Security more than they used to

Americans increasingly depend on government aid due to aging populations and rising healthcare costs, with programs accounting for 18% of personal income in 2022.

It's Like Trump Picked Matt Gaetz So We Could Make Fun Of Him - See Also

Legal appointments benefit from scrutiny, emphasizing the need for qualified candidates.
#inflation

Slightly Higher Inflation Rate Is Expected for October

Inflation remains persistent, with expected annual increases signaling ongoing challenges despite previous Federal Reserve interventions.

The Fed's Rate Cut Trajectory Remains Intact, Boosting the Crypto Outlook

The long-term trend in inflation is downward, allowing for potential interest rate cuts and a steady rally in risk assets.

Wealthier Americans are driving retail spending

Wealthy consumers are driving retail and restaurant spending, despite inflation and high prices affecting lower-income households.
Consumer spending remains a key factor supporting U.S. economic growth against the backdrop of high prices and interest rates.

Consumer Price Index report shows ongoing inflation risks

Inflation is less critical now, but core inflation remains a challenge, suggesting cautious optimism about interest rates.
Energy price drops helped lower overall inflation, but persistent core inflation indicates ongoing price pressures.

Chipotle, McDonald's, and other chains are still under inflation's grip. Here's why

Overall inflation for services remains high despite falling goods prices, impacting consumer spending patterns.
Key sectors facing inflation pressure include restaurants, insurance, and travel services.

Sustained decline in Mexico's inflation, but still far from target - London Business News | Londonlovesbusiness.com

Mexico's annual inflation rate dropped to 4.58% in September 2024, below market expectations and the lowest since March.
Core inflation declined to 3.91%, supporting Banxico's monetary policy efforts.

Slightly Higher Inflation Rate Is Expected for October

Inflation remains persistent, with expected annual increases signaling ongoing challenges despite previous Federal Reserve interventions.

The Fed's Rate Cut Trajectory Remains Intact, Boosting the Crypto Outlook

The long-term trend in inflation is downward, allowing for potential interest rate cuts and a steady rally in risk assets.

Wealthier Americans are driving retail spending

Wealthy consumers are driving retail and restaurant spending, despite inflation and high prices affecting lower-income households.
Consumer spending remains a key factor supporting U.S. economic growth against the backdrop of high prices and interest rates.

Consumer Price Index report shows ongoing inflation risks

Inflation is less critical now, but core inflation remains a challenge, suggesting cautious optimism about interest rates.
Energy price drops helped lower overall inflation, but persistent core inflation indicates ongoing price pressures.

Chipotle, McDonald's, and other chains are still under inflation's grip. Here's why

Overall inflation for services remains high despite falling goods prices, impacting consumer spending patterns.
Key sectors facing inflation pressure include restaurants, insurance, and travel services.

Sustained decline in Mexico's inflation, but still far from target - London Business News | Londonlovesbusiness.com

Mexico's annual inflation rate dropped to 4.58% in September 2024, below market expectations and the lowest since March.
Core inflation declined to 3.91%, supporting Banxico's monetary policy efforts.
moreinflation

This map shows the rural places where young Americans are moving

Younger Americans aged 25-44 are increasingly moving to rural areas, reshaping demographics and economies since 2020.

Budget raises fears small businesses will 'decline even further' - London Business News | Londonlovesbusiness.com

The number of UK businesses is declining, particularly small ones, with pressures from increased financial burdens.

It Costs $3.20 Each Time You Shoot This Rifle

Ammunition price tracking can help consumers find affordable options in a fluctuating market.
.22 LR is the cheapest round but has limited capabilities for serious hunting.
#personal-finance

Dave Ramsey says these are the two questions that separate rich people from poor people

The mindset difference between the rich and poor influences financial decisions and debt accumulation.
The average American is significantly in debt, indicating broader economic issues.

Over 40? This Is How Much You Should Have in the Bank

Retirement savings should match personal lifestyle and salary, not just aim for averages or benchmarks.

Dave Ramsey says these are the two questions that separate rich people from poor people

The mindset difference between the rich and poor influences financial decisions and debt accumulation.
The average American is significantly in debt, indicating broader economic issues.

Over 40? This Is How Much You Should Have in the Bank

Retirement savings should match personal lifestyle and salary, not just aim for averages or benchmarks.
morepersonal-finance

Gold sell-offs drives prices down - London Business News | Londonlovesbusiness.com

Gold prices have fallen sharply due to institutional sell-offs and reduced central bank purchases, projecting a bleak near-term outlook.

ANALYSIS | Blockbuster years for oilpatch likely over as oodles of profit begin to fall | CBC News

Oil companies face declining prices after three years of high profits, signaling a shift in market dynamics.
#market-volatility

How Stock, Bond and Currency Markets Could Respond to the Election

Markets generally dip before elections but recover once results are clear, although uncertainty can lead to volatility.

Oil price forecasts following OPEC+ decision to delay production increase - London Business News | Londonlovesbusiness.com

Crude oil prices are driven by OPEC+ policies and economic trends, with production cuts impacting future trajectories.

How Stock, Bond and Currency Markets Could Respond to the Election

Markets generally dip before elections but recover once results are clear, although uncertainty can lead to volatility.

Oil price forecasts following OPEC+ decision to delay production increase - London Business News | Londonlovesbusiness.com

Crude oil prices are driven by OPEC+ policies and economic trends, with production cuts impacting future trajectories.
moremarket-volatility
#tech-industry

Tech layoffs continue in October 2024 as Dropbox, Tidal, Meta, and other high-profile companies cut jobs ahead of the holidays

Tech layoffs in 2024 are down significantly from 2023, despite notable cuts from major companies like Dropbox.
Dropbx reported significant layoffs due to softening demand and a complex organizational structure.

Average North American CISO salary now $565,000

CISO salaries have risen significantly, with the average reaching $565,000; job switching proves most effective for pay increases.

Tech layoffs continue in October 2024 as Dropbox, Tidal, Meta, and other high-profile companies cut jobs ahead of the holidays

Tech layoffs in 2024 are down significantly from 2023, despite notable cuts from major companies like Dropbox.
Dropbx reported significant layoffs due to softening demand and a complex organizational structure.

Average North American CISO salary now $565,000

CISO salaries have risen significantly, with the average reaching $565,000; job switching proves most effective for pay increases.
moretech-industry

October jobs report uglier than economists expected

Despite a steady unemployment rate of 4.1%, the labor market shows signs of cooling and slackening job growth.
#nevada

These Are the Best States to Start a Small Business: Study | Entrepreneur

Nevada offers the best conditions to open a small business, with a favorable ratio of openings to closures.
Louisiana has the worst ratio, with more businesses closing than opening, indicating a struggling small business environment.

Nevada Casino Gaming Revenue Again Sees Declines

Nevada casinos experienced a decline in gaming revenue in August, continuing a downward trend despite an increase in visitors.

These Are the Best States to Start a Small Business: Study | Entrepreneur

Nevada offers the best conditions to open a small business, with a favorable ratio of openings to closures.
Louisiana has the worst ratio, with more businesses closing than opening, indicating a struggling small business environment.

Nevada Casino Gaming Revenue Again Sees Declines

Nevada casinos experienced a decline in gaming revenue in August, continuing a downward trend despite an increase in visitors.
morenevada
#interest-rates

Are you prepared to respond as borrower demand shifts?

The Federal Reserve's interest rate cut impacted refinance applications but caused rates to quickly rise again, highlighting market volatility.

The Market Has Been Fabulous, Maybe Excessively So

Despite historical volatility, current stock market performances are surprisingly strong, leading to optimistic projections.
Concerns are rising about stock prices increasing too rapidly, potentially mirroring past market bubbles.

What Q3 investment banking trends reveal about the economy

CFOs can now consider long-term strategies due to reduced interest rate volatility, offering more space for strategic planning in a low-growth economy.

Mortgage market should improve to $2.3 trillion(!) in 2025, MBA says

The mortgage industry is on a recovery path with estimated $2.3 trillion in origination volume by 2025, indicating strong growth.

Are you prepared to respond as borrower demand shifts?

The Federal Reserve's interest rate cut impacted refinance applications but caused rates to quickly rise again, highlighting market volatility.

The Market Has Been Fabulous, Maybe Excessively So

Despite historical volatility, current stock market performances are surprisingly strong, leading to optimistic projections.
Concerns are rising about stock prices increasing too rapidly, potentially mirroring past market bubbles.

What Q3 investment banking trends reveal about the economy

CFOs can now consider long-term strategies due to reduced interest rate volatility, offering more space for strategic planning in a low-growth economy.

Mortgage market should improve to $2.3 trillion(!) in 2025, MBA says

The mortgage industry is on a recovery path with estimated $2.3 trillion in origination volume by 2025, indicating strong growth.
moreinterest-rates

Gas prices in Florida just increased for first time in weeks. See what you're paying

Gas prices in Miami are up for the first time in weeks, yet remain comparatively lower than past months and a year ago.
#remote-work

Remote Workers Outearn In-Person Workers in These WFH Hotspots

Remote workers earn significantly more than in-person workers, with median earnings of $70,280 compared to $48,755.
Cities with high remote work premiums often feature educated populations and professional service sectors.
Remote work allows companies to reduce overhead costs and improve salary offerings.

More than 50% of SMEs now plan to hire freelancers over permanent staff - London Business News | Londonlovesbusiness.com

Small business owners are increasingly hiring freelancers due to economic uncertainty and changing workplace dynamics.
A majority of small businesses are adopting remote or hybrid work policies.

Remote Workers Outearn In-Person Workers in These WFH Hotspots

Remote workers earn significantly more than in-person workers, with median earnings of $70,280 compared to $48,755.
Cities with high remote work premiums often feature educated populations and professional service sectors.
Remote work allows companies to reduce overhead costs and improve salary offerings.

More than 50% of SMEs now plan to hire freelancers over permanent staff - London Business News | Londonlovesbusiness.com

Small business owners are increasingly hiring freelancers due to economic uncertainty and changing workplace dynamics.
A majority of small businesses are adopting remote or hybrid work policies.
moreremote-work

Welcome to the 'treat yourself' economy - where skincare and long hair rule

An increase in personal care spending indicates a growing consumer confidence and a shift towards indulgent purchases following economic challenges.
#market-analysis

Wall Street cheers as billion-dollar deals make a comeback

The resurgence of billion-dollar mergers indicates a growing confidence among Wall Street executives despite economic uncertainties and geopolitical risks.

18 cities with reasonably priced homes that will be million-dollar markets in the next decade

Home prices have surged over the last decade, significantly impacting home affordability for buyers.

The office property market may finally be at a turning point

The U.S. office property market may be nearing a bottom as distressed property sales increase, suggesting potential stabilization.

Gold prices rise from one record level to another amid geopolitical risks - London Business News | Londonlovesbusiness.com

Gold prices have reached a record high due to geopolitical tensions and investor behavior, despite traditional factors like the U.S. dollar and interest rates.

There's a significant increase in the number of entrepreneurs looking to sell their business - London Business News | Londonlovesbusiness.com

There's a marked increase in SME owners planning to sell their businesses, now at 30%, driven by personal and health reasons.
Current economic conditions are prompting business owners to rethink strategies, with more looking to scale despite challenges.

Wall Street cheers as billion-dollar deals make a comeback

The resurgence of billion-dollar mergers indicates a growing confidence among Wall Street executives despite economic uncertainties and geopolitical risks.

18 cities with reasonably priced homes that will be million-dollar markets in the next decade

Home prices have surged over the last decade, significantly impacting home affordability for buyers.

The office property market may finally be at a turning point

The U.S. office property market may be nearing a bottom as distressed property sales increase, suggesting potential stabilization.

Gold prices rise from one record level to another amid geopolitical risks - London Business News | Londonlovesbusiness.com

Gold prices have reached a record high due to geopolitical tensions and investor behavior, despite traditional factors like the U.S. dollar and interest rates.

There's a significant increase in the number of entrepreneurs looking to sell their business - London Business News | Londonlovesbusiness.com

There's a marked increase in SME owners planning to sell their businesses, now at 30%, driven by personal and health reasons.
Current economic conditions are prompting business owners to rethink strategies, with more looking to scale despite challenges.
moremarket-analysis
#automotive-industry

Auto industry sees an 'affordability shift' in car sales

Consumers are shifting towards more affordable vehicles due to rising costs and economic uncertainty.

Car buyers are switching to discount models as average price breaks $47,000

A shift towards purchasing smaller, less costly vehicles is growing as buyers seek affordability amidst rising car prices and economic uncertainties.

Auto industry sees an 'affordability shift' in car sales

Consumers are shifting towards more affordable vehicles due to rising costs and economic uncertainty.

Car buyers are switching to discount models as average price breaks $47,000

A shift towards purchasing smaller, less costly vehicles is growing as buyers seek affordability amidst rising car prices and economic uncertainties.
moreautomotive-industry
#real-estate

Mapped: House prices grow to almost two-year high in September

UK house prices increased by 3.2% in September 2024, the fastest annual growth in nearly two years.

Average rent across the UK reaches record high

Rent prices continue to rise outside London, with record highs reached and signs of adjustments in the rental market dynamics.

Mapped: House prices grow to almost two-year high in September

UK house prices increased by 3.2% in September 2024, the fastest annual growth in nearly two years.

Average rent across the UK reaches record high

Rent prices continue to rise outside London, with record highs reached and signs of adjustments in the rental market dynamics.
morereal-estate

Iron falls like lead: The problem facing the commodities market

China's demand for iron ore is pivotal for its infrastructure growth but faces challenges due to economic slowdown and overcapacity in real estate.

These 10 watches make the smartest investment pieces

The secondary watch market declined, but Rolex, Patek Philippe, and Audemars Piguet still see premium resales.

Agency execs from Stagwell, Havas, VML, Wieden & others share their top 2025 predictions

Leaders predict increased ad spending driven by improved economic conditions and advancements in AI, emphasizing the importance of creativity and brand-building.

The new auction calendar: everything, everywhere, at every opportunity

The auction market is adjusting to economic challenges and shifting calendars after major art fairs, aiming for quality over quantity.
from The Mercury News
1 month ago

Mystery surge in California tax revenue points to tech companies like Nvidia

California's corporate tax revenue exceeded forecasts significantly, driven by changes in tax rules.

Insurtech growth fuels recruitment surge as London's insurance giants expand - London Business News | Londonlovesbusiness.com

The insurance market is experiencing the most favorable underwriting conditions in over a decade, with increasing job vacancies and rising profits.
from InsideEVs
1 month ago

The 'EV Slowdown' Comes For Gas Cars

The entire auto industry, including gas cars, is facing a slowdown due to economic factors like high costs and ongoing supply chain disruptions.

Wet weather drives UK retailers to slash prices in September

UK retailers experienced a 0.6% drop in shop prices in September, the steepest decline in three years due to significant discounts.

Boomers are selling off their businesses. Millennials are swooping in.

Older business owners are struggling to find successors as they near retirement, impacting a vast sector of the economy.

Young Chinese are looking for dupes and cheaper substitutes for everything from Hermes to travel

Young Chinese consumers are prioritizing affordable alternatives due to economic pressures, a trend called 'pingti'.

TOP 4 INSIGHTS C-SUITE LEADERS SHOULD FOCUS ON AS 2025 APPROACHES

2024 brings business lethargy where brands struggle with consumer loyalty and spending amid global unrest and political uncertainty.

Peak luxury: how long can London's grand hotel boom last?

The London luxury hotel market is experiencing a boom, but rising costs are leading to a reevaluation of pricing strategies and promotions.

Cannabis Workers Now Outnumber These Industries

The cannabis industry has more workers than computer programming as of 2020, signaling a shift in job markets.

This Southern State Has the Poorest Middle Class

The middle class in America is becoming less financially secure due to rising inflation and stagnant wages.

Think twice before following financial advice you find on social media

Many seek financial advice on social media, but a significant portion encounters false information, leading to dissatisfaction with their personal finances.
from New York Post
1 month ago

NYC rent continues to rise: Here's how much you need to earn to leave in each borough

New York City's rental market remains competitive and increasingly costly, with rents rising despite broader trends of decline elsewhere.

The mortgage industry is hiring again but at different terms

UWM adopts a cautious hiring strategy with in-house training, responding to the cyclicality of the mortgage industry while avoiding fast-paced hiring and layoffs.
[ Load more ]