The real estate market has experienced a significant setback as sales of previously owned homes dropped by 2% in September compared to August, reaching a seasonally adjusted annualized rate of 3.96 million units. This decline is alarming, being the slowest pace of sales since October 2010, during the Great Recession. Several factors contribute to this
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Over the past few weeks, mortgage rates have been steadily increasing, leading to a significant decline in demand for home loans. This surge in rates has resulted in the lowest level of loan applications since 1995. As potential buyers are now faced with higher borrowing costs, the housing market is experiencing a notable slowdown. In
Goldman Sachs is set to release its third-quarter earnings before the opening bell on Tuesday. Analysts are predicting earnings of $5.31 a share, with revenue expected to come in at $11.19 billion. In terms of trading revenue, it is projected that fixed income will reach $2.8 billion and equities will reach $2.73 billion. Additionally, investment
Taylor Swift’s highly anticipated Eras Tour concert film has hit theaters with an impressive bang, establishing itself as the second-highest domestic opener of October to date. Garnering a remarkable $92.8 million in just three days, it falls slightly short of AMC’s initial expectations of a $95 million to $97 million opening, as well as the
Taylor Swift’s highly anticipated Eras Tour concert film has taken the box office by storm, surpassing all expectations. While it fell short of the $100 million benchmark, the film’s domestic ticket sales still reached an impressive $95 million. The distributor, AMC Entertainment, reported a range of $95 million to $97 million for the opening weekend,
For the majority of the year, Tim LeBel holds the esteemed position of Mars Wrigley’s president of sales. However, for the month of October, LeBel wears a different hat as the chief Halloween officer. This unique role speaks to the significance of Halloween for candy manufacturers like Mars Wrigley. Over the years, Halloween has evolved
Taylor Swift fans were in for a pleasant surprise when they found out that last-minute Thursday night previews of her highly anticipated The Eras Tour concert film were available. With just an eight-hour window to purchase tickets, the film managed to generate an impressive $2.8 million in ticket sales. This unexpected release strategy, coupled with
American banks are facing yet another quarter in which interest rates have surged, resulting in renewed concerns about shrinking margins and increasing loan losses. As the industry struggles with these challenges, some analysts are trying to find a silver lining amidst the chaos. However, the fundamental outlook for banks seems difficult in the near term,
Chipotle Mexican Grill has recently announced its plans to raise menu prices once again. Laurie Schalow, the Chief Corporate Affairs Officer at Chipotle, stated that this would be the first price increase in over a year, and it is intended to counter the effects of inflation. However, no specific details regarding the magnitude of the
Taylor Swift fans, get ready to have the time of your life in movie theaters with the arrival of Taylor Swift’s The Eras Tour film. This cinematic experience brings with it a certain expectation of exuberance, as concertgoers are encouraged to fully immerse themselves in the Taylor Swift universe. From friendship bracelet swapping to outfits