Finance
by Calculated Risk on 3/02/2023 03:09:00 PM Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Feb 25, 2023•…
I think consistent with Matt's point here — you see young people identifying social media as a source of worsening mental health; but also emphasizing politics and national media.https://t.co/scOXEMNFjJ https://t.co/MGgdNIsz0m pic.twitter.com/hY47EOZFAO — Arpit Gupta (@arpitrage) March 1, 2023 I would stress this…
By Lambert Strether of Corrente. Patient readers, I have a lot more to cover on Covid, including Corsi-Rosenthal boxes and some horrid news on Carl Heneghan, the Cochrane study’s unlisted author (which violates Cochrane rules). But sadly, it must wait until…
by Calculated Risk on 3/02/2023 11:57:00 AM From CoStar: STR: Weekly US Hotel Occupancy Eclipses 64% U.S. hotel performance increased from the previous week, according to STR‘s latest data through Feb. 25.Feb. 19-25, 2023 (percentage change from comparable week in 2019*):•…
Yves here. This paper, depending on your point of view, is either thorough or long-winded. But it is well-written and has lots of data. A big reason we didn’t hear as much as anticipated about the much-touted coming European energy train…
Fascinating dive into rent increases on a county by county basis via USAFacts: Rents rose in 58% of all counties nationwide between 2020 and 2023. Data shows that rents rose and dipped between neighboring zip codes. Housing prices jumped during the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Cowen analyst Oliver Chen joins 'Squawk Box' to discuss retail earnings numbers, service inflation driving recessionary trends in consumer discretionary spending, and Macy's agile inventory and promotional management…
by Calculated Risk on 3/02/2023 09:23:00 AM Today, in the Calculated Risk Real Estate Newsletter: Year-over-year Rent Growth Continues to DecelerateA brief excerpt: The rental market has changed significantly from 2021 and the first half of 2022. ... Here is a…
ARSTechnica: On Monday, researchers from Microsoft introduced Kosmos-1, a multimodal model that can reportedly analyze images for content, solve visual puzzles, perform visual text recognition, pass visual IQ tests, and understand natural language instructions. The researchers believe multimodal AI—which integrates different modes…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Kari Firestone, chairman, CEO and co-founder of Aureus Asset Management, joins 'Squawk Box' to discuss growth in the labor market pushing up wages, companies like Salesforce with the…
How birds got their wings PhysOrg (Anthony L) Should New Zealand cats be kept indoors? BBC (furzy). Um, cats should be kept indoors. They live much longer. And don’t mass murder birds. You can leash train them, as I did, if…
While it’s been a while since yours truly has posted on the war in Ukraine and our determination to mix things up with China, we seem to be in an intermediate phase of sorts. Major country leaders in the West remain…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Sarah Hindlian-Bowler, head of technology research Americas for Macquarie Capital, joins 'Squawk Box' to discuss Salesforce's buyback activity, the expanding Salesforce board room, and opportunities for stock price…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC's Phil Lebeau, joins 'Squawk Box' to discuss takeaways from Tesla's investor day, key message points, and missed expectations. 04:55 10 minutes ago
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC's Eunice Yoon joins 'Squawk Box' to discuss the Chinese retailer Temu expanding into U.S. markets, the hyper competitive online ecommerce space, and how Temu can offer shockingly…
Yves here. I do my tiny bit to try to lower my health care costs by refusing some tests and arbitraging test costs (for instance, MRIs are way cheaper in Alabama and I don’t buy orthopedist whinging that they like a…
Yves here. While it’s a plus to see writers on what is left of the hollowed out left still thinking about how to effect large-scale change, it seems we are past the point where mere resistance will do. Also it is…
Such investigations are invariably somewhat speculative, but from some new research here goes: The strongest predictor of attractiveness-enhancing behaviors was social media usage. Other predictors, in order of effect size, included adhering to traditional gender roles, residing in countries with less…
From the NYT circa 2017: …the [South Park] Commons aims to fill a hole in the tech landscape. Northern California is littered with incubators and accelerators, organizations like Y Combinator and Techstars that help small companies develop and grow. This is…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Joe Lonsdale, 8VC founding partner, joins 'Squawk Box' to discuss what he sees as the future of artificial intelligence. 03:01 3 hours ago
S&P Global (formerly Macroeconomic Advisers) released monthly GDP for January today, indicating a rebound in activity – 0.3% m/m growth. Adding this to a graph of key indicators followed by the NBER BCDC yields the following: Figure 1: Nonfarm payroll employment,…
Consider the following three examples of seasonally adjusted vs. not seasonally adjusted data. Figure 1: Nonfarm payroll employment, 000’s, seasonally adjusted (blue), not seasonally adjusted (tan). NBER defined peak-to-trough recession dates shaded gray. Source: BLS via FRED, NBER. The deep trough…
by Calculated Risk on 3/01/2023 06:04:00 PM Wards Auto released their estimate of light vehicle sales for February: U.S. Light-Vehicle Sales Record Another Gain in February, Beating Expectations (pay site).Wards Auto estimates sales of 14.89 million SAAR in February 2023 (Seasonally…
By Lambert Strether of Corrente. Patient readers, I’ve been wrong-footed by a household emergency. More on Politics shortly (though the Covid section, though I say it, is especially rich today). –lambert UPDATE Finished! Bird Song of the Day Common Potoo, Mata…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brian Armstrong, Coinbase CEO, joins 'Squawk Box' to discuss whether policymakers should enact legislation to regulate crypto and more. 13:24 Wed, Mar 1 20231:05 PM EST
Fliers on some airlines can upgrade at a discounted rate to avoid what could be a cramped flight. With some cruise ships and even Amtrak getting in on the act, is bidding up worth it?Flying to Tanzania for her honeymoon on…
The connection between Left thinking and high neuroticism (as a formal personality trait) is one of the most underdiscussed yet important themes in American politics (to be clear, the Right has its own pathologies as well). Here is one excerpt from…
by Calculated Risk on 3/01/2023 10:53:00 AM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Declines for 7th Consecutive Month in JanuaryA brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) declined for…
by Calculated Risk on 3/01/2023 10:17:00 AM From the Census Bureau reported that overall construction spending decreased: Construction spending during January 2023 was estimated at a seasonally adjusted annual rate of $1,825.7 billion, 0.1 percent below the revised December estimate of…
by Calculated Risk on 3/01/2023 10:03:00 AM (Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 47.7% in February, up from 47.4% in January. The employment index was at 49.1%, down from 50.6% last month, and the…
Yves here. I’m old enough to remember when Cisco was the dominant Internet infrastructure company during peak dotcom. A falloff in Cisco’s orders was the sign the bust had started. Now it’s an also-ran. By Marie Carpenter, Professor of strategy, Institut…
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I did a brand new presentation last week, the first one since the pandemic lockdown began 3 years ago this month. I mentioned how much fun it was to get back on stage, but it definitely took a while to settle…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brian Nagel, Oppenheimer senior equity research analyst, joins 'Squawk Box' to discuss Nagel's thoughts on Lowe's quarterly earnings results, why Lowe's outperformed peers and more. 03:32 4 hours…
© 2023 CNBC LLC. All Rights Reserved. A Division of NBCUniversalData is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Market Data Terms of Use and DisclaimersData also…
© 2023 CNBC LLC. All Rights Reserved. A Division of NBCUniversalData is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Market Data Terms of Use and DisclaimersData also…
by Calculated Risk on 3/01/2023 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 5.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for…
China’s Zhurong rover reveals complex layers beneath the surface of Mars Space.com 12 exotic bacteria found to passively collect rare earth elements from wastewater (press release) NewsWise Climate Semiconductor industry: To Hell with the environment, start building fabs already The Register…
By KLG, who has held research and academic positions in three US medical schools since 1995 and is currently Professor of Biochemistry and Associate Dean. He has performed and directed research on protein structure, function, and evolution; cell adhesion and motility;…
Bloomberg’s Neil Weinberg peels back yet another layer of the soft corruption that pervades private equity dealings with modestly-paid public pension fund officials in a new article, Tuscany for $200? Private Equity Pays for State Pension Funds’ Luxury Trips. We’ve repeatedly…
Yves here. In a bit of synchronicity, Dr. Kevin just sent an article from New Scientist, Should you have children? The true costs and benefits of parenthood. One hates to put it in such a crass manner, but the personal payoffs…
It is not an airtight view, but it is also not the least plausible view. Imagine a “basic needs” argument that suggests, a’ la David Braybrooke, that individuals truly have positive rights to a certain degree of sustenance, health care, shelter,…
That is the theme of my latest Bloomberg column, as U.S. household savings rates often fall between three and five percent. From the column here is one bit: Are such low savings rates unsustainable for an advanced economy? Not in view…