Mixed Results Meta Platforms (FB) share price popped after it beat on earnings and also announced it added more users than analysts expected in the first quarter. This follows the previous quarter when poor results triggered a 26% plunge in its share price, the largest loss ever recorded for the [...]
I Got Five on It What went up, came back down. From the most recent S&P low on Mar 8, the index ripped higher by 11% in the span of three weeks. Investors let out a collective sigh of relief, but many warned not to get too comfortable at that [...]
Turning to Adjustable Rates Demand for mortgages is plummeting, as the Mortgage Bankers Association reported total mortgage application volume fell 8.3% last week, compared to seven days prior. Going back a full calendar year, applications were down by half. Analysts say this is due to rising mortgage rates, as the [...]
Shrinking Demand March’s consumer spending data will be released on Friday, after the most recent report showed a decline in the purchase of big-ticket items. In February, spending on things such as motor vehicles and home furnishings fell, and price pressure is likely a factor, with inflation at its highest [...]
Still Rising The Case-Shiller national home price index shows the average cost of a home increased by 19.8% in February, year-over-year. Tracking 20 US cities, home values saw their biggest increase in Phoenix, Arizona, as well as Tampa and Miami, Florida. Each city’s average home price spiked by around 30% [...]
Cross Generational Fun The fastest growing sport in America is one that many have never heard of – pickleball. The paddle sport is a mix of tennis and badminton, with some table tennis thrown in. Enthusiasts claim it’s easy to learn, is enjoyed by people of all ages, and can [...]
A $12.5 Billion Revenue Goal Upscale fitness apparel retailer Lululemon (LULU) has ambitious plans to double its revenue by 2026. The company has traditionally focused on chic women’s athletic wear, with yoga pants going for $100 a pop. Lululemon recently announced plans to expand into men’s fashion, as well as [...]
$1 Billion Venture Amazon’s (AMZN) “Prime” membership provides its customers with fast, free shipping, as well as access to entertainment such as music and videos, some of which is free to members. The service, launched in 2005, has been popular: there are currently over 200 million members world-wide. The cost [...]
Steak Without the Cow Upside Foods of Berkeley, California wants to put cultivated meat on Americans’ plates. The company produces beef, chicken, and duck in their lab, with products developed from stem-cells. The process is meant to provide ground and whole cut versions to satisfy consumer demand, while bypassing the [...]
An Eighty-Story Wooden Building Wood construction of multi-story buildings is an emerging trend. Mass timber is created by mixing wood with glue that’s then pressed, giving it the strength of steel and concrete. North America has 17 mass timber manufacturing plants. Some estimate the global market for engineered wood, which [...]
