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Industries, Others

House prices drop at fastest rate since 2008

December 7, 2022

Via: Sky News

Prices fell 2.3% from October to November this year, the biggest monthly drop since October 2008, the UK’s largest mortgage lender said. A typical UK property is now nearly £7,000 cheaper as the average cost of a house dipped from […]


Industries, Others

Over $400 billion has been erased from the value of Europe’s tech industry this year

December 7, 2022

Via: CNBC

Europe’s tech industry has lost more than $400 billion in value this year, according to venture capital firm Atomico. The combined value of all public and private European tech firms has fallen to $2.7 trillion from a peak of $3.1 […]


Industries, Others

Homes selling for 3% below asking prices as market deteriorates, property website warns

November 28, 2022

Via: Sky News

Zoopla said that discounts had been absent from the market during 2021 and the first half of this year but the tougher economy was now taking a toll on activity. Falling demand and sales meant that current sellers were having […]


Industries, Others

Carvana falls as rising rates, inflation cut used car sales

November 8, 2022

Via: ABC News

Shares of upstart used-vehicle chain Carvana tumbled another 16% Monday, undercut by the company’s struggles with falling prices and waning demand for its products. The latest downturn comes after the shares fell almost 40% on Friday following Morgan Stanley analyst […]


Industries, Others

Average house prices fall -0.4%. Is the market cooling?

November 7, 2022

Via: MoneyWeek

House prices have recorded their biggest monthly fall in October, with the average property value lower by 0.4% – the third month-on-month drop in the past four months and the biggest drop since February, according to the latest Halifax House […]


Industries, Others

High rents and longer tenancies boost Foxtons revenues

October 27, 2022

Via: Sky News

The London-listed company reported taking in £29.2m in lettings revenue in the three months from July to September this year, an 18% increase on the £24.8m taken in over the same period last year. That increase came due to the […]


Industries, Others

UK service sector records fastest decline in activity since January 2021

October 24, 2022

Via: Sky News

The survey of 650 manufacturers and 650 service providers showed that growth was lower than expected and was at a level not seen since the financial crash, if the months of the pandemic are excluded. Scores below 50 on the […]


Industries, Others

U.S. Entertainment Industry Hits Wall in China

August 24, 2022

Via: The Wall Street Journal

Hollywood studio executives charged with projecting global box-office revenues are putting $0 in the China column. Baccarat tables in Macau sit empty. Singers skip Shanghai concert halls on tour. American entertainment and leisure industries are facing an unsettling reality: China’s […]


Industries, Others

Home prices cooled at a record pace in June, according to housing data firm

August 1, 2022

Via: NBC News

Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down. Home prices are still higher than they were a year ago, but the gains slowed at the […]


Finance Tech, Industries, Mobile Banking & Payments, Others

Apple and Amazon beat expectations but still see profits slip as inflation bites

July 29, 2022

Via: Sky News

Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession. The results came after the iPhone maker warned that its revenue would be depressed amid supply […]


Industries, Others

Chipotle is raising prices again and customers could be asked to pay up to a dollar more per burrito in some locations

July 27, 2022

Via: Markets Insider

Chipotle just announced plans to raise prices again in August. The fast-casual chain said in a second-quarter earnings call that the next price increase would be “in the mid to high-single digits” in terms of percentage. That means in New […]


Industries, Others

Heathrow and easyJet reveal huge financial hits after flight chaos

July 26, 2022

Via: Sky News

The low-cost carrier said cancellations and delays caused by staff shortages at airports and in the air had cost it £133m over its latest quarter to the end of June. EasyJet said its operations had now “normalised” after frantic cuts […]


Industries, Others

Housing market chills as mortgage rates, prices scare buyers

July 21, 2022

Via: ABC News

Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000. Tomcak became dispirited as he lost out to investors fronting cash offers $100,000 over the asking price. Then mortgage rates […]


Energy, Finance Tech, Industries, Others, Trading

US, Japan vow joint efforts on Ukraine, trade, food crisis

July 12, 2022

Via: ABC News

U.S. Treasury Secretary Janet Yellen and Japan’s finance minister agreed Tuesday to cooperate in dealing with challenges from the war in Ukraine and promoting free trade, sustainable energy and food security. Yellen was visiting Tokyo on Tuesday for talks ahead […]


Industries, Others

‘Surprising amount of momentum’ for housing market as prices hit new record

June 30, 2022

Via: Sky News

A closely-watched measure of the UK housing market has reported a “surprising amount of momentum” despite the mounting cost of living crisis, with prices hitting a new record. The Nationwide study covering June showed the annual rate of house price […]


Industries, Others

No Government Money, No Problem for Moderna and Pfizer

June 27, 2022

Via: The Wall Street Journal

A Food and Drug Administration committee will meet Tuesday to discuss how to move forward with the next generation of vaccines ahead of a booster campaign this fall. Paying for them is another matter. Congress has so far failed to […]


Industries, Others

Wizz Air reports financial loss but says it is trying to minimise travel disruption

June 8, 2022

Via: Sky News

Airlines in the UK and across Europe have been struggling to keep up with demand as travel returns to normal for many holiday destinations for the first time since the beginning of the COVID-19 pandemic and prices have shown “low […]


Industries, Others

Russia’s war heats up cooking oil prices in global squeeze

April 26, 2022

Via: ABC News

For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels. But in early April, with oil prices nearly four times higher than they were in […]


Industries, Others

Will rising mortgage rates cool off a hot housing market?

April 21, 2022

Via: NBC News

Buying a first home just keeps getting harder. The median price for an existing single family home hit a record $375,300 in March — a 15 percent jump over March 2021 — as mortgage interest rates climbed and inventory remained […]


Industries, Others

As shares plunge, Netflix takes aim at password sharing

April 20, 2022

Via: ABC News

A sharp drop in subscribers sent Netflix shares into freefall Wednesday, forcing the company to consider experimenting with ads and — hold onto your remote — cracking down on millions of freeloaders who use passwords shared by friends or family. […]