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Apartment demand unexpectedly fell during its busiest season, according to a new report
The third quarter of every year is historically the busiest for apartment rentals, but demand fell this year, according to RealPage. It’s the first time the rental technology platform has recorded a third-quarter drop in the 30 years it’s been tracking the metric. Demand fell by more than 82,000 units nationally, according to the report.…
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Oregon school district takes a ratings hit on financial woes
A school district in the Portland, Oregon, suburbs was downgraded two notches by Moody’s Investors Service. The issuer and general obligation unlimited tax bond ratings of the Sherwood School District, formally Washington, Clackamas and Yamhill Counties School District 88J, were cut to A3 from A1, with a negative outlook assigned. The downgrade affects $302.5 million…
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BoE says £65bn gilt intervention staved off UK financial ‘spiral’
The Bank of England has defended last week’s intervention in the UK government debt market, saying it stepped in to prevent a £50bn fire sale of gilts that would have taken Britain to the brink of a financial crisis. The central bank said on Thursday that had it not launched its emergency bond-buying scheme in…
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CDIAC: Economic Outlook
Chief Economist Dr. Lindsey Piegza will look at the current state of the economy amid the ongoing pandemic and what it means going forward for overall growth, interest rates and monetary policy. She will cover macro-economic trends in consumer spending and investment, in addition to new monetary and fiscal policy initiatives and the potential economic…
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Wall Street disaster expert Bill Noble: Crypto spring is inevitable
In another reality, Bill Noble would be just another guy in a suit behind a big desk at the Fed or the SEC, probably murmuring negative incantations like “crypto is bad.” He’s certainly got the track record for it: JP Morgan, UBS, Morgan Stanley, Goldman Sachs. But that’s Noble in an evil mirror dimension. In…
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Thoma Bravo-backed workplace software firms merge as shift to hybrid work creates new opportunities
Pixelseffect | E+ | Getty Images Offices are busier now than they’ve been at any point since Covid first sent employees home in March 2020. But companies are still in the thick of adapting to a more distributed workforce, creating an opportunity for workplace technology companies like Condeco and iOffice + SpaceIQ. The two companies…
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Stocks making the biggest moves midday: Tesla, Enphase Energy, Exxon Mobil and more
In this article GS CCL TWTR ENPH Follow your favorite stocksCREATE FREE ACCOUNT A Tesla service and sales center is shown in Vista, California, June 3, 2022. Mike Blake | Reuters Check out the companies making headlines in midday trading Wednesday. Tesla, Twitter — Shares of Tesla fell 5.5% after a Tuesday filing confirmed that…
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A $29.75 Million Home With Mountain Views Is The Most Expensive Home For Sale In The Carolinas
High in the Blue Ridge mountains with a rocky landscape and extensive surrounding peak views sits the Lazy Bear Lodge on 5.86 acres of ridgetop in Linville, North Carolina. The estate has entered the market for $29.75 million, making it the priciest home for sale in North and South Carolina. “This luxurious lodge was designed…
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Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand
A sign points toward an Open House in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage…
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Will bulls take charge now that Bitcoin price trades above a long term trendline resistance?
On Oct. 4 and 5, Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to April 22 or Nov. 15, depending on one’s style of technical analysis. Some traders might be feeling a bit celebratory now that the price trades outside…
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Software Valuations: How to Use the Rule of 40
Investors are learning that paying 20X sales is nothing if the growth numbers are right.
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Court deals Rivian setback on PILOT bond plans for factory in Georgia
The fate of a planned 16-million-square-foot Georgia factory for electric vehicle manufacturer Rivian is in question after a judge denied validation of $15 billion in PILOT bonds planned to back its construction. The Georgia Economic Development Commission, along with the Joint Development Authority for Jasper, Morgan, Newton, and Walton counties and Rivian, negotiated an agreement…
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Opec+ agrees to cut output by 2mn barrels a day
Saudi Arabia and Russia have led the Opec+ cartel in a deal to make deep oil production cuts to raise prices, risking a backlash from the US and European countries already battling surging energy inflation. The Opec+ group will cut 2mn barrels a day, equivalent to 2 per cent of global supply, it said, following…
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Munis rally in constructive trading day
Municipal yields fell Tuesday by as much as 10 basis points out long while U.S. Treasuries were little changed and equities rallied. Triple-A yields fell four to 10 basis points across the curve amid robust secondary trading with high-grade names showing clear moves to lower yields. New York City priced $1.35 billion of exempt and…
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The Fed is going to cause ‘unbelievable calamities’ if they keep hiking, according to Barry Sternlicht
The Federal Reserve’s aggressive rate hike path – an attempt to tamp down the highest inflation in decades – is set to cause damage to the global economy if the central bank keeps going, according to billionaire Barry Sternlicht. “They are going to cause unbelievable calamities if they keep up their action, and not just…
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Stocks making the biggest moves midday: Twitter, Poshmark, Rivian and more
In this article F GM TSLA DAL AAL RIVN GILD TWTR Follow your favorite stocksCREATE FREE ACCOUNT Poshmark Inc. signage outside the Nasdaq MarketSite during the company’s initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday…
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If Credit Suisse collapses, will it bring more volatility to the crypto market? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the potential collapse of the Credit Suisse bank could bring more volatility in the crypto market. To kick things off, we break down the latest news in the markets this week: BTC price still not at ‘max pain’ Bitcoin (BTC) starts a new…
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High Mortgage Rates Mean Smaller Homes For Many Buyers
The sharp increase in mortgage rates to their highest level in 15 years is not only cutting into home buyer budgets across the country, but also trimming at least 100 square feet out of the homes in would-be buyers’ price range in 29 of the 50 metros analyzed by Redfin. The technology-powered real estate brokerage…
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High mortgage rates, tight supply and economic uncertainty: Here’s what’s happening with home prices
Daniel Acker | Bloomberg | Getty Images Home prices are softening in most markets across the nation. Yet home prices are still higher compared with a year ago, and it’s unlikely they will fall too steeply. The sharp rise in mortgage rates over the past several months has made housing more expensive for anyone needing…
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Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid
According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1. A report published last week noted that…
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