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We heard a lot about the need for millions of new homes during the run-up to the election, so I can imagine how shocked some people are to see today’s report on housing starts and permits at recession levels. Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher. Since a Fed president makes this claim, it’s worth examining the data closely as he and his staff should be able to see the same housing data we are all looking at.  We should note that existing home sales are…

On Tuesday, Walmart announced its fiscal third quarter results as the retail giant promotes its ongoing Black Friday and Cyber Monday holiday shopping events next week.The company reported revenue of $169.59 billion for the period, which beat analysts’ expectation of $167.72 billion, according to LSEG consensus estimates. Additionally, Walmart reported earnings per share of 58 cents, adjusted, compared with the 53 cents analysts’ predicted.Notably, the company appears to be optimistic heading into the holiday spending season and says Walmart customers have been purchasing more general merchandise outside of groceries.”In the U.S., in-store volumes grew, pickup from store grew faster, and…

Multiple injuries are feared after a car was driven into a crowd of people outside a primary school in China’s southern Hunan province. State media said “several students and adults were injured and fell to the ground”, and several people were hospitalised, but a police statement later said there were no life-threatening injuries.The driver of the vehicle – identified as a white SUV – was caught by parents and school security officers and handed over to police. This is the third attack on a crowd in China in a week, and it has fuelled concerns about public safety. “About a…

The streaming quality during the Mike Tyson vs. Jake Paul fight was so bad, Netflix has actually just been hit with a class-action lawsuit over it, TMZ Sports has learned. Court documents we obtained show Ronald “Blue” Denton filed the suit in Florida on Monday … just three days after he says he and thousands of others struggled to watch Netflix’s broadcast of El Gallo’s big win over Iron Mike. Denton claims that as soon as he and others tuned in to the broadcast at around 8 PM ET on Friday — they “were faced with legendary problems, including: no…

Great Rooms A visual diary by Design Editor Wendy Goodman. The Parlor: The first room you enter off the street was covered in cedar and big pink floor tiles with a popcorn ceiling, “but the minute I walked into the house,” Vivian Reiss says, “this was the room that caught my imagination.” The paintings are hers, and she restored the architectural details. Photo: Annie Schlechter The circa-1850 townhouse looks conventional enough from the street. But once through the doors, you’re in Vivian Reiss’s world. One room is painted ballet-slipper pink, and all the walls are hung with her big colorful…

Donald Trump’s cabinet shortlist is set to include billionaires and wealthy execs.These appointees can defer millions in taxes thanks to a little-known loophole.Here is how the policy works and why lawyers say it’s justified.The cabinet for Donald Trump’s first term was the richest in US history. His next cabinet may prove even richer.For Commerce Secretary, he is reportedly about to nominate Howard Lutnick, the billionaire CEO and majority owner of financial services firm Cantor Fitzgerald. Major Trump donor and fracking company CEO Chris Wright has been nominated for Secretary of Energy.Two of the reported candidates for Treasury Secretary made their…

Palestinian Canadians have renewed their calls for Canada to take concrete action to get their loved ones out of the Gaza Strip amid Israel’s unrelenting bombardment, slamming a temporary Gaza visa scheme launched earlier this year as a failure. Omar Omar, a representative of the advocacy group Gazan Families, said on Tuesday that he has been trying to get his relatives out of Gaza for months. “It’s been over a year now, and I’m still asking that my family – stranded in Gaza, under the continuous threat of losing their lives at any moment – be treated with the same…

Niall Horan has reappeared in public. He’s been going through a lot. Following Liam Payne’s tragic death in October, those who knew him best processed and mourned in their own ways. Few people had more complex relationships with the late singer than fellow One Direction alums. Including Niall Horan, with whom Liam had planned to mend fences. Now, fans are spotting Niall as he resurfaces a month after Liam’s passing. Niall Horan attends TikTok In The Mix at Sloan Park on December 10, 2023. (Photo Credit: Rodin Eckenroth/Getty Images for TikTok) Fans are spotting Niall Horan out in the wild…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. It seems as though the National Association of Realtors (NAR) is committed to gambling with the membership once again based on their comments at this year’s NAR NXT Conference. We discussed this in another article, but let’s revisit two glaring potential lawsuits facing members again.   TAKE THE…

A Walmart store in Martinez, California, US, on Monday, Nov. 18, 2024. Walmart Inc. is scheduled to release earnings figures on November 19. David Paul Morris | Bloomberg | Getty ImagesWalmart’s CFO, John David Rainey, said the retailer could have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect.”We never want to raise prices,” he said in an interview with CNBC on Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will go up for consumers.”Rainey added that it’s too soon to say which products could cost more due to…