As temperatures soar during the summer months, the real estate market is feeling the heat—quite literally. A recent analysis reveals that heat waves have significantly diminished the foot traffic in open houses across various regions. In fact, the drop in pending home sales by 5.6% compared to a year ago marks the steepest decline observed
As the Nasdaq 100 reaches its 40th anniversary this week, significant discussions are arising regarding the future trajectory of this tech-heavy index. Historically synonymous with innovation and high-growth technology stocks, the Nasdaq 100 is possibly on the brink of embracing an entirely new domain—cryptocurrency. Notably, Todd Sohn, a strategist from Strategas Securities, suggests that the
In a significant move to enhance aviation safety, the Federal Aviation Administration (FAA) has announced new restrictions on helicopter traffic surrounding Ronald Reagan Washington National Airport, following a catastrophic collision involving an Army Black Hawk helicopter and an American Airlines jetliner earlier this week. This incident, which resulted in the loss of all personnel aboard
On Wednesday, the Federal Reserve reaffirmed its decision to maintain the existing interest rates, even as inflation stabilizes above the target rate of 2%. This decision comes on the heels of significant economic shifts that include a substantial reduction of the benchmark interest rate by one percentage point last year. The backdrop of this announcement
In an age where the power of the written word holds unprecedented sway, the controversy surrounding the book titled “The 38 Letters from J.D. Rockefeller to His Son: Perspective, Ideology, and Wisdom” presents a fascinating case of how narratives can be distorted in the world of publishing. This so-called collection of letters purportedly authored by
In a recent discussion, DoubleLine Capital CEO Jeffrey Gundlach provided a tempered forecast for interest rate changes by the Federal Reserve. During his appearance on CNBC’s “Closing Bell,” he mentioned his expectation of only one, possibly two, rate cuts in 2025. This perspective underscores a cautious approach as the Fed continues to monitor key economic
Tariffs have been a hot-button issue in American economic policy, often stirring up debates among policymakers, economists, and the public alike. As President Donald Trump prepares to impose tariffs on imports from Canada, Mexico, and China, significant economic implications loom on the horizon. Although proponents argue that tariffs can protect American industries, an overwhelming consensus
In the past week, a singular force emerged from the shadows of obscurity to become the talk of the tech world: China’s DeepSeek. This artificial intelligence model has garnered attention not only for its technological prowess but also for its cost-effectiveness compared to its American counterparts. Major tech leaders, including Microsoft’s Satya Nadella, OpenAI’s Sam
As 2025 unfolds, the initial public offering (IPO) landscape exhibits mixed signals amidst a flurry of new entries. Over a dozen companies have launched their stocks, yet the market’s response has largely been lukewarm. Nasdaq president Nelson Griggs remains optimistic, suggesting that a resurgence in the IPO market may be on the horizon. “I believe
In the wake of the COVID-19 pandemic, New York City’s commercial real estate market faced unprecedented challenges as businesses adapted to remote work. However, recent reports indicate a remarkable turnaround, showing that the demand for office space has returned to pre-pandemic levels. A substantial 25% increase in office demand during the fourth quarter from the