New York City has begun enforcing a 2022 law that restricts short-term rentals like Airbnb, $ABNB

New York City has begun enforcing a 2022 law that restricts short-term rentals like Airbnb, $ABNB. This action is anticipated to result in the removal of numerous listings from these platforms. It marks the latest and potentially the most significant development in the ongoing dispute between major cities and

70% of college seniors with student debt say looming repayments will impact their career plans

70% of college seniors with student debt say looming repayments will impact their career plans, per CNBC. Meanwhile, Federal student loan bills return in October. But a growing chorus of borrowers say they simply can’t, or won't pay, per Bloomberg. In July, U.S. President Joe Biden

Two-thirds of 50 major private builders in China are defaulters

Two-thirds of 50 major private builders in China are defaulters, per Bloomberg. Per Bloomberg: Out of the nation’s top 50 private-sector developers by dollar bond issuance, 34 have already suffered delinquencies on offshore debt, according to Bloomberg-compiled data as of Sept. 1. Chinese junk dollar bonds,

The average cost of a home in Canada is $754,700 CAD

The average cost of a home in Canada is $754,700 CAD, per DollarWise. Meanwhile, Canada's housing starting constructions are not keeping pace with record immigration, per Bloomberg. Canada's housing supply is failing to keep up with the rapid growth of its population. Multiple sources, including

Senator McConnell’s brain scans found no stroke, seizures after second freeze

Senator McConnell’s brain scans found no stroke, seizures after second freeze, per CNBC. He was cleared by his physician to continue his work. In July, during a weekly Republican leadership news conference, Senate Minority Leader Mitch McConnell experienced a sudden pause in his speech, freezing momentarily before falling silent

United Airlines, $UAL, has issued a nationwide ground stop for all flights due to a computer issue

United Airlines, $UAL, has issued a nationwide ground stop for all flights due to a computer issue, according to the FAA. "We have identified a fix for the technology issue and flights have resumed. We’re working with impacted customers to help them reach their destinations as soon as

Most of OnlyFans' profits has ended up in the owner's, Leonid Radvinsky's, pocket

Most of OnlyFans' profits has ended up in the owner's, Leonid Radvinsky's, pocket, per Bloomberg. In May, The CEO of OnlyFans has described how the platform grew to over 3 million content creators after a huge 40% surge in 2022 alone. Ami Gan, who joined

Poland cuts tax for first-time homebuyers and raises it for those buying multiple properties

Poland cuts tax for first-time homebuyers and raises it for those buying multiple properties The tax relief, which went into force at the end of August, applies to all first-time buyers on the secondary market – meaning properties that are being resold, rather than newly built ones – and not

Americans are hitting the casinos at an all time record level

Americans are hitting the casinos at an all time record level. Per BI: "The Nevada Gaming Control Board said the state's casino industry generated a record $1.4 billion in revenue in July, representing a year-over-year increase of about 7%. The return of international travel

Florida is the number 1 state bringing in and keeping the young and rich, per SmartAsset

Florida is the number 1 state bringing in and keeping the young and rich, per SmartAsset. Meanwhile, North Carolina ranked number 1 in America's top state for business for 2023, per CNBC. North Carolina also boasts the third best Economy with solid growth, stable state finances and a

62% of adults under age 35 say they drink alcohol, per Gallup

62% of adults under age 35 say they drink alcohol, per Gallup. This is down from 72% two decades ago. Meanwhile, The U.S. Health and Human Services Department has suggested a reclassification of marijuana to a lower-risk drug category, a move that could potentially ease restrictions on the

US existing home sales fell 17% over the last year, the 23rd consecutive year-over-year decline

US existing home sales fell 17% over the last year, the 23rd consecutive year-over-year decline, per Charlie Bilello. That's the longest down streak since 2007-2009. The median sales price of a home in the US is now 560% of the median household income, per Gangespost.

Every developer in Montreal, Canada opted to pay a fine instead of building affordable housing, totalling $24.5 million

Every developer in Montreal, Canada opted to pay a fine instead of building affordable housing, totalling $24.5 million. Canadian real estate prices vs income have hit an all time high difference. See more: https://twitter.com/unusual_whales/status/1667955102743957505 Meanwhile, the Bank of Canada shared its findings regarding

Elon Musk has said that video and voice calls are coming to X, with no phone number necessary

Elon Musk has said that video and voice calls are coming to X, with no phone number necessary. The company also updated its privacy policies that will allow for the collection of biometric data and employment history, among other information. Musk posted on the former Twitter that the site'

The Fed may have destroyed the housing market by crushing both supply and demand, Mohamed El-Erian has said

The Fed may have destroyed the housing market by crushing both supply and demand, Mohamed El-Erian has said. Meanwhile, a recent report from the National Association of Realtors and Realtor.com highlights the alarming state of the US housing market, where more than 75% of homes available are beyond

Around 50% of major global companies will need less real estate in the next three years

Around 50% of major global companies will need less real estate in the next three years, with American cities — led by San Francisco — most exposed to empty offices, per CNN. According to a report by the McKinsey Global Institute, there is a forecast that office property values in nine major

The number of real estate agents in the US is near an all time high

The number of real estate agents in the US is near an all time high. But More than 60,000 have exited the sector over the last six months, according to data from the National Association of Realtors, analyzed by Reventure Consulting. There were about 1.537 million in April,

The SEC is giving itself at least another 45 days to rule on bitcoin ETF proposals by BlackRock, Fidelity, VanEck and Bitwise

The list of bitcoin ETF applications awaiting a ruling from the US Securities and Exchange Commission (SEC) is expanding, as BlackRock, Fidelity, Bitwise, and VanEck faced delays on Thursday. The SEC's inclination for additional time has become a pattern, with these extensions following postponed decisions on analogous proposals

Applications for home purchase mortgages have dropped to their lowest level since April 1995

Mortgage applications in the United States have taken a sharp plunge, reaching their lowest point in 28 years, primarily due to a surge in mortgage rates. The latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 18, 2023, reveals a significant

Nordstrom has closed the doors of its five-story department store in San Francisco, ending a 35-year run.

Nordstrom bid farewell to its longstanding five-story department store in San Francisco, marking the end of a 35-year era. The closure comes amidst a broader retail exodus that has gripped the city, reflecting shifting dynamics in the urban retail landscape. The closure of the 312,000-square-foot

More than 1.2 million small businesses in Japan have owners aged about 70 with no successor

In a significant demographic shift, Japan has reported its most substantial annual population decline since 1968, signaling a pivotal moment in the nation's demographic landscape. The decrease in population is attributed to declining birth rates alongside a noteworthy increase in the foreign population. Japan's Ministry of

Old houses now cost as much as new houses

Recent data has illuminated a fascinating trend in the U.S. housing market, highlighting the convergence of prices between existing single-family homes and newly built residences. In June, the median price for existing single-family homes, which excludes newly constructed properties, stood at $416,000. Intriguingly, this figure aligns

A top official at the DEA, Department of Health and Human Services has called for marijuana to be reclassified as a lower Schedule III drug under the Controlled Substances Act

The U.S. Health and Human Services Department has suggested a reclassification of marijuana to a lower-risk drug category, a move that could potentially ease restrictions on the cannabis industry, according to a Drug Enforcement Agency (DEA) spokesperson's statement to CNBC on Wednesday. Currently categorized as a

Biden has blocked sale of Nvidia, $NVDA, AI chips to Middle East over China fears

The Biden administration has imposed restrictions on the sale of Nvidia's key microchips to the Middle East due to growing concerns about China's access to critical artificial intelligence (AI) resources. Nvidia, valued at $1.2 trillion, has been directed to obtain permission before exporting certain chips

New York City plans to pay for Ubers, $UBER, Lyfts, $LYFT, and MetroCards to get tens of thousands of students to school if it fails to strike a deal with the yellow-bus-drivers union

New York City officials have unveiled a contingency plan to ensure that students can get to school in the event of a school bus drivers' union strike. The plan involves providing alternative transportation options, including ride-sharing services like Uber and Lyft, as well as MetroCards for public transportation.