Share to Twitter Share to Linkedin The pandemic fueled a meteoric rise in rental prices, and a severe shortage of supply isn’t helping. The nation’s median rental price hit its latest new high of $1,849 per month in May, representing a 26.6% increase since 2019 before the pandemic began, according to the Realtor.com monthly rental report released today. A key factor driving the ongoing rent surge is a lack of supply, as rental vacancy rates, which were already trending lower, have taken a sharp dive during the pandemic. These trends are magnified in the biggest cities that tend to attract younger residents, many of whom are in the early stages of their careers and looking for the flexibility in their living situations. “We do not have enough housing, and increased costs are a concern for all, including the 40 million Americans who choose to rent,” said Bob Pinnegar, president and CEO of the National Apartment Association. “The white-hot housing market … [Read more...] about Sky-High Rental Prices Surpass Pre-Pandemic Levels By More Than 25%
Gold silver prices today
- A + A BENGALURU (Aug 10): Gold prices hovered on Wednesday (Aug 10) near their highest levels in more than a month, supported by a weaker dollar with investors awaiting US inflation data, which is expected to influence the pace of US Federal Reserve (Fed) rate hikes. Spot gold held its ground at US$1,793.39 (RM7,993.14) per ounce as of 0318 GMT, after hitting its highest since July 5 at US$1,800.29 on Tuesday. US gold futures were down 0.1% at US$1,810. The dollar index weakened 0.1% against its rivals, making gold less expensive for other currency holders. "Clearly, the focus is on US inflation data. Also, what's really important is that where prices are currently trading, with US$1,800 being the very important level here," said Ilya Spivak, a currency strategist at DailyFX. "If inflation numbers come in stronger than expected, following last week's solid jobs report, we could see some of the rate cut expectations for next year leave the forecasts, which would … [Read more...] about Gold hovers near one-month peak ahead of US inflation data
Share to Twitter Share to Linkedin When it comes to mobile-first populations, India leads the list. The country counts more than 1 billion active mobile subscriptions with a massive appetite for mobile apps and interaction. On a single day in December 2021, for example, an astounding 1.06 billion mobile subscribers were active on their phones. Fast forward to 2022, and the State of Mobile 2022 report by Data.ai , a market intelligence and decision-making platform for the mobile app economy, shows app downloads in India hit the highest levels yet. What's more, the report highlights an uplift in the two metrics that matter most to marketers: time and money spent on apps. Indian consumers spent roughly one-third of their waking hours on mobile, using their devices for an average of 4 hours and 42 minutes per day in 2021. Compare that to the average daily television viewership of around 3 hours and 17 minutes per day, and it's clear mobile is where the … [Read more...] about Targeting India’s Smaller Cities Paves The Way To Mobile Commerce Gold
Share to Twitter Share to Linkedin It hides in plain sight in a Seattle neighborhood. A building that would not attract even a hint of curiosity. Inside it’s a bit of a different story as this seemingly bare-bones structure serves as the fulfillment center for Blue Nile , the world’s largest Internet retailer of diamond jewelry. It’s easy to view Blue Nile solely as an early eCommerce success story but perhaps its greatest feat is the ability to produce and ship jewels in a highly efficient manner based on the individual requirements of an online order. This efficiency is one of the ways it earns the trusts of customers making a highly emotional purchase. The nondescript nature of the facility is due to security concerns. The merchandise is highly valuable, consisting of diamonds, colored gems and precious metals. Inside, multiple doors are used to enter and leave certain areas for security purposes. Workers were not identified in the story for the same … [Read more...] about How Blue Nile Delivered A Million Pieces Of Bridal Jewelry
Share to Twitter Share to Linkedin Director and CIO of cKers Finance, and co-founder of global sustainability advisory firm cKinetics. Carbon markets today are estimated to be worth over $100 billion and are expected to grow in the coming years. This potential spike in value could lead to a great opportunity for both the environment and investors. Has a new gold rush started? Let’s take a closer look. Carbon Is A Way To Put Value On A Scarce Resource: Air Imagine that our Earth was the size of an apple. Our atmosphere would be similar to the skin of the apple. That is how small our atmosphere is. The atmosphere stretches a mere 6.2 miles after which it rapidly loses its air density. So far, we have deemed air to be an endless resource, but that is clearly not the case. Carbon markets are a way to put a price on the real estate that exists above our heads. Combatting Climate Change By Bringing Carbon Markets To The Forefront … [Read more...] about Could Carbon Markets Become Larger Than Oil And Gas?
U.S. stocks continued to claw their way back last week, especially growth stocks . For the week, the Nasdaq posted a gain of 2.2% and the S&P 500 rose 0.4%. The Dow? Not so much, sliding just 0.1%. A blowout jobs report for July offered up another dose of good news for the economy and not-so-good news for the stock market, but equity investors hung in there. U.S. employers added 528,000 jobs to their payrolls last month , which was more than twice what was expected, and that added credence to the Federal Reserve 's stance that the U.S. economy is not in a recession given the continued strength of the labor market. So, the thinking goes, the Fed will continue to be aggressive in raising interest rates to cool down inflation, because it's not impacting companies' willingness to hire. That led to a steep selloff in U.S. Treasurys, with the yield on the 10-year Treasury note ending the week at 2.83%. Oil prices continue to tumble, hitting their lowest level since early … [Read more...] about Live from InvestFest with Downtown Josh Brown, BitBoy Crypto, and Lamar Wilson
- A + A KUALA LUMPUR (Aug 9): Leong Hup International Bhd's unit Leong Hup Feedmill Malaysia Sdn Bhd (LFM), one of the five feed millers recently issued with a proposed decision by the Malaysia Competition Commission (MyCC), said that MyCC has proposed to impose a financial penalty of RM157.47 million in the event LFM is found to have infringed the Competition Act 2010. In a filing with Bursa Malaysia on Tuesday (Aug 9), Leong Hup said that it provided the additional information for the purpose of clarity. Besides the RM157.47 million fine, Leong Hup also said that if LFM is found to have infringed the Act, MyCC proposed to direct LFM to undertake the following: i) to cease and desist from participating and engaging in the alleged anti-competitive horizontal agreement in relation to any discussion on price-related matters pertaining to chicken feed; ii) to submit monthly price-related matters to MyCC including the announcement of price adjustment to customers, a … [Read more...] about Leong Hup’s unit to be fined RM157.47 mil if found to have infringed Competition Act 2010
Representative image Impostor syndrome seems to be more common than actually thought, though at a collective level. People may often feel that the groups they are affiliated with may be underperforming in comparison to other groups. Although this self-critical approach may work in certain cases, it may also overlook the positives, and decrease the morale of those affiliated with the group. Many in India seem to have a collective/national-level impostor syndrome. While the Indian economy is much better placed than its peers in the emerging markets, and other economies, the government is being criticised on the economic front. The criticism comes when the fundamentals of the Indian economy are robust, despite the exogenous shocks caused by the COVID-19 pandemic, supply chain disruptions, monetary policy tightening by the US Federal Reserve, the Ukraine-Russia conflict, and inflated crude oil prices. India's macroeconomic health remains robust despite external pressures, and ongoing … [Read more...] about Bibek Debroy writes: India’s economy is better placed than its peers, other economies around the world
GAS LINES IN AMERICA… Four Governors Declare States Of Emergency Due To Gasoline Shortage Four governors declared states of emergency in response to gas shortages brought on by the Colonial Pipeline hack. Democratic North Carolina Gov. Roy Cooper declared a state of emergency on Monday due to his state’s gas shortage. Republicans Govs. Brian Kemp of Georgia and Ron DeSantis of Florida, and Democratic Virginia Gov. Ralph Northam declared states of emergency on Tuesday. Republican South Carolina Gov. Henry McMaster announced that he would not declare a new state of emergency because the state was already in one due to the COVID-19 pandemic. Kemp suspended Georgia’s gas taxes, while Cooper eliminated transportation regulations. McMaster instituted anti-price gouging laws. Virginia Republicans called on Northam to suspend the state’s gas tax. CBS NEWS… The South was being hit hardest. Late Monday, almost 6.5% of gas stations in Virginia were out of fuel, … [Read more...] about Editor Daily Rundown: Governors Declare States Of Emergency In Response To Gas Shortages
Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?