On an August afternoon last year in Washington, Kamala Harris appeared at a retail village to promote the Biden administration’s economic record.“Bidenomics is working,” the vice president announced, touting the latest round of job numbers. “That is called Bidenomics, and we are very proud of Bidenomics.”It was a fateful declaration, one that has dogged Harris since she took over as the Democratic standard-bearer and has attempted to seize the mantle of change candidate in the 2024 presidential race.The Trump campaign and its allies have spent more than $38 million replaying that soundbite almost 70,000 times in campaign advertisements since Harris…
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front porch of a small two story homeAn often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s review the data together.Purchase application dataFirst, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates. Also, purchase apps are very seasonal. The volume curve comes at the start…
Currency Exchange International (CXI), a leading provider of foreign exchange services, reported a marginal decrease in net income to $3.9 million for the third quarter ending July 31, 2024, compared to $4 million in the same period last year. The company’s total revenue increased by 2% year-over-year to $24 million, primarily driven by new customer acquisitions in the U.S. market. Despite a loss in Canadian operations, U.S. net income saw a 13% rise to $5.14 million, contributing significantly to the overall performance. Key TakeawaysNet income for Q3 slightly down to $3.9 million from $4 million year-over-year.Total revenue rose by 2%…
Expert Says Warren Buffett’s Top Executive Ajit Jain Sold Berkshire Hathaway Stake Because ‘The Stock Was Fully Pricing The Business’Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) executives have recently made significant sales of the company’s stock, raising questions about the market’s valuation. The sales, which come amid a historic market cap milestone, could indicate a shift in the company’s outlook.What Happened: On Monday, it was revealed that Ajit Jain, the insurance chief at Berkshire Hathaway for nearly four decades, sold over half of his Berkshire stake, amounting to $139 million. This marked Jain’s largest stock sale since joining the company in 1986.Don’t…
We recently published Jim Cramer’s Exclusive List: 10 Stocks You Should Keep an Eye On. In this article, we are going to take a look at where Energy Transfer L.P. (NYSE:ET) stands against Jim Cramer’s other stocks to keep an eye on.In a recent episode of Mad Money, Jim Cramer expressed frustration with analysts who attempt to explain stock movements during each trading session without acknowledging the unpredictable nature of the market and those who trade stocks for a living. He noted that while the Dow rose by 125 points, the S&P increased by 1.07%, and the NASDAQ jumped 2.17%,…
New Jersey Devils38-39-5, 81 Pts. 7th Metro, 23rd Overall3.22 GF/GP (12th), 3.43 GA/GP (26th), 22.5 PP% (13th), 80.7 PK% (10th)Top scorer: Jesper Bratt. 82 GP. 27-56-83, 27 PPP, 248 Shots, 19:18 TOI/GP2024-25 BetMGM Stanley Cup Odds:Opening: +1300Current: +1100 (as of August 22, 2024)Ticket: 3.4%. Handle: 3.5% (as of August 22, 2024)2023-24 Fantasy RecapRelative to the prior season, yeah, it wasn’t good. The Devils have a ton of promise, and a disappointing 2023-24 season still hasn’t diminished that thought, but it was tough to watch. Jack Hughes missed time due to injury, which has become an annual thing; Timo Meier didn’t really…
Spencer Platt/Getty ImagesMore analysts are recommending “defensive” shares over AI plays as macro conditions change.Utilities, a classic defensive sector, are going toe-to-toe with tech.With some questioning the AI rally, investors could benefit from non-tech growth companies, an analyst said.Defensive recommendations have taken center stage on Wall Street as the artificial intelligence trade shows signs of being overextended and as economic conditions change.Utility stocks — a common buy when times look tough — have gone toe-to-toe with the technology sector’s blowout performance this year. Year-to-date, the utilities and tech sectors have gained 22.08% and 25.69%, respectively.Defensive sectors of the stock market,…
Grilled recently about the costs of childcare at the New York Economic Club, Donald Trump turned to tariffs, which he said would generate trillions of dollars for the government.”As much as childcare is talked about as being expensive, it is relatively speaking not very expensive compared to the kind of numbers we’ll be taking in,” he said in an off-topic answer to the question.But tariffs − which, along with tax cuts and deporting undocumented immigrants, are among Trump’s top priorities − are at odds with Trump’s promise to eradicate inflation.In poll after poll, American voters report inflation as one of…
©CRISTOBAL HERRERA-ULASHKEVICH/EPA-EFE / ShutterstockFormer President Donald Trump has been inconsistent with his messaging around Social Security and his ideas for the plan’s future. During a March interview with CNBC, Trump said that “cutting” could keep the Social Security program for retirement-age folks solvent.“So first of all, there is a lot you can do in terms of entitlements, in terms of cutting,” Trump told CNBC. “And in terms of, also, the theft and the bad management of entitlements — tremendous bad management of entitlements — there’s tremendous amounts of things and numbers of things you can do.”Shortly after the CNBC interview,…
The ‘Gilmore Girls’ actress looks back on her bond with her late costar in her new memoir ‘The Third Gilmore Girl’Danny Feld/Warner Bros./Everett Collection Edward Herrmann and Kelly Bishop on ‘Gilmore Girls’In her new memoir The Third Gilmore Girl, out this month from Gallery Books, acclaimed actress Kelly Bishop is taking a look back on her career.She started her career as a Broadway dancer, originating the role of Sheila in A Chorus Line, before she transitioned to acting. In the years to come, she’d play a number of memorable women, including Jennifer Grey’s mother in 1987’s Dirty Dancing and Benedetta…