Breaking News: The FDA approved a daily pill that can lower cholesterol levels far below what statins can, clinical trials have shown. https://t.co/dTUtOXn4Wk
Artificial intelligence has turned everyone into a creator. From music to literature, we tracked how the technology is changing different fields. Discover the full story. Register to read for free https://t.co/6mm7h9h19M
Owning a car in America has never been this expensive:
The total cost of vehicle ownership in the US has risen +36% since January 2020.
Motor vehicle maintenance and repair costs have surged +50% over the same period, jumping +6.1% YoY in March alone.
Meanwhile, auto insurance prices are up +56% while motor vehicle parts and equipment are up +27%.
Vehicle ownership costs account for nearly 15% of the CPI inflation formula.
This means these costs are one of the biggest drivers of the rising cost of living for American households.
Car inflation is squeezing US consumers.
BREAKING: The S&P 500 erases $2.1 TRILLION of market cap at the open.
This puts total market cap losses since July 16th at ~$5 TRILLION.
That's $357 billion PER TRADING DAY for the last 14 straight trading days.
Mind blowing numbers.
BREAKING: The S&P 500 is on track to post its first 2%+ daily decline in 361 days.
This would end the longest streak without a 2%+ decline since 2007.
Volatility is officially back.
BREAKING: Home builders now have 102,000 completed and unsold homes for sale on the market, the highest since 2009, according to Reventure.
This comes at a time when mortgage demand is at its lowest level in nearly 30 YEARS.
Meanwhile, there are a whopping 274,000 new homes under construction.
This is just ~62,000 less homes under construction than the PEAK before the 2008 Financial Crisis.
New home supply is skyrocketing in a market where mortgage demand is plummeting.
A record 1 out of 3 homes for sale right now is new construction.
Price cuts are coming soon.
Life lessons from @rogerfederer (must watch)
1 Effortless is a myth
2 Belief in yourself has to be earned
3 Grit > Gift
4 Discipline is talent
5 Trust and loving the process is talent
6 You can do your best and still lose
7 Life is bigger than the court
BREAKING: The office vacancy rate in the US jumped to a record 19.6% in Q4 2023.
This marks the largest quarterly increase since Q1 2021 and a higher vacancy rate than the previous record of 19.3%.
As a result, new office construction just hit its lowest levels since 2012.
Office building prices in the US are currently down ~40% from the highs.
Commercial real estate is beyond bear market territory.