analysis

In today's market, Home Buyers need to earn 80% more than in 2020 to afford a home, according to Zillow. The new salary required is $106,000, well above the median income for Americans since 2020. **The rates and borrowing costs have risen much sharper in the last four years, which has left many people unable to own their own houses.

Myanmar mobile providers face uncertainty under military control

Nissan gears up for Japan's first Formula E race

The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis and was up 0.3% from a month ago. Including volatile food and energy costs, the headline PCE reading showed a 0.3% increase for the month and 2.5% at the 12-month rate compared to estimates for 0.4% and 2.5%. Both stock and bond markets were closed in observance of the Good Friday holiday. While the Fed targets 2% annual inflation, core PCE inflation hasn’t been https://tinyurl.com/28mtmjaq

The College of Art application to Harvard declined 5% from a year ago, a symbolic blow to the school after a period of turmoil including the resignation of its President and the defeat at the Supreme Court. It was the second consecutive year that Harvard's undergraduate applications fell — by the largest in the college's history and 10% more than in the previous year — of Harvard University, which had 57,465 applications — the second in the College of Arts and Sciences — on Monday. https://tinyurl.com/2b56evar

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While there is no parole in the federal system, FTX co-founder Sam Bankman-Fried could be released a few years early for stealing billions of dollars from customers.

The US stock rally is set to broaden beyond technology, according to Citigroup Inc. strategists who lowered their stance on the tech sector from overweight to market-weight on the back of a new underweight recommendation on hardware companies and also raised consumer discretionary to overweight. The S&P 500 is already trading 3% above Citigroup's end-year target of 5,100 "reflecting soft landing and AI enthusiasm"

Core PCE prices in the United States which excludes food and energy rose by 0.3% from the previous month in February 2024, extending the upwardly revised, one-year high increase of 0.5% in January, and confirming market expectations. Core PCE prices have also increased by 2.8% from the upwardly revised 2.9% increase in January.

At the end of the fourth quarter, the wealth of the top 1% hit a record $44.6 trillion as an end of annual stock rally lifted their portfolios. In the fourth quarter the total net worth of the top 1%, defined by the Fed as those with wealth over $11 million, increased by $2 trillion from $17.65 trillion the previous quarter. While their real estate values rose, the value of their privately held businesses essentially declined, essentially canceling out all other gains outside of stocks. Since 2020, https://tinyurl.com/25p7bapl