Key Points Airbnb is being added to the S&P 500 index on Sept. 18, 2023. Airbnb faces growing regulatory headwinds like Title 18 in New York City, requiring hosts to register and obtain permits for rentals under 30 days. Fines can be imposed on hosts and rental platforms like Airbnb, VRBO and Booking.com up to...
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Does Dell Technologies Blowout Quarter Mean a New Demand Cycle?
Key Points Dell reported a large EPS beat and raised guidance during its fiscal Q2 2024 earnings report. Artificial Intelligence (AI) demand is driving a new demand cycle as Dell reports nearly a $2 billion backlog for its PowerEdge XE9680 server for AI, machine learning (ML), and high performance computing (HPC). DELL trades at 13.6X...
These 20 Cities Cost Single-Family Home Renters The Most Last Month
While median SFR asking rent crept upward (just $5!) in August, data shows that prices remained relatively stable nationwide. That said, if you live in one of these 20 expensive cities, don’t expect a break from your landlord. Los Altos, CA (September 2023) – After enduring Earth’s hottest summer – and hottest August – on...
August CPI Comes In Hotter Than Expected
In his Daily Market Notes report to investors, Louis Navellier wrote: Shaking Off CPI CPI came in slightly higher than forecast, stocks and bonds shake it off. Higher energy prices bumped the inflation data higher, but that was information everyone knew was coming. Core CPI y-o-y came in at 4.3% as expected. After the initial...
10 Essential Retirement Planning Steps You Should Start Today
Retirement planning may seem like a distant goal, but the sooner you start, the better off you’ll be when the time comes to bid farewell to the daily grind. Budgeting, investing, and planning for future costs, such as housing and healthcare, are all important aspects of a well thought out retirement plan. In this article,...
What is shadow banking? Unpacking the risks for China
China’s real estate market woes have again drawn attention to the world of shadow banking and the risks it poses to the economy.
‘Just a temporary blip’: Chinese travelers will be back, says Banyan Tree founder
Banyan Tree Holdings founder Ho Kwon Ping said his company — which operates more than 60 hotels — is seeing “Chinese tourism coming back quite strongly.”
Taiwan slams Elon Musk, says it’s ‘not for sale’ nor part of China
Taiwan is not for sale, and neither is it part of China, said Taiwan foreign affairs ministry, in a rebuke to Elon Musk.
The EU should have ‘isolated’ the Ukraine war, Hungarian foreign minister says
The European Union should have “isolated” the Ukraine war, Hungary’s foreign minister told CNBC.
China says it hasn’t banned iPhones or foreign devices for government staff
The Chinese government has not instituted any formal guidance or regulation barring the use of iPhones, despite media reports, a Ministry of Foreign Affairs spokesperson said.