The US housing market’s deep freeze is likely to accelerate next year and result in the first year-over-year decrease in home prices in a decade, according to experts at real estate firm Redfin. The median US home sale price is projected to fall 4% to $368,000 in 2023, according to Redfin’s forecast for the upcoming … Read more
“Shark Tank” star Kevin O’Leary said that FTX paid him $15 million to be the company’s spokesman but he lost nearly all of it when the crypto exchange went bust. In an interview with CNBC on Thursday, O’Leary said he put about $9.7 million of his spokesman check into crypto tokens with his FTX account, … Read more
US stocks will have much further to fall if the economy careens into a severe recession next year, according to a prominent economist known as “Dr. Doom.” Nouriel Roubini, a New York University professor emeritus known for his pessimistic economic predictions, warned the S&P 500 could plunge another 25% in the event of a severe … Read more
The average long-term mortgage rate fell for the fourth consecutive week and have dropped more than three-quarters of a point since hitting a 20-year high last month. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate dipped to 6.33% from 6.49% last week. A year ago the average rate was … Read more
As big-name retailers like Walmart and Home Depot warn of rising retail thefts this holiday season, two experts are predicting the surge “only escalates from here” into an “epidemic.” “Today, this thing is an epidemic. It’s spreading faster than COVID,” former chairman and CEO of Chrysler and Home Depot CEO Bob Nardelli said on “Fox … Read more
The number of Americans filing new claims for jobless benefits increased moderately last week, while continuing claims hit a 10-month high towards the end of November, suggesting the labor market was gradually slowing down. Still, labor market conditions remain tight, keeping the Federal Reserve on course to continue increasing interest rates as it fights inflation. The labor market has … Read more
Twitter has been hit with another lawsuit stemming from the recent purging of half its workforce, this one accusing the social media company of disproportionately targeting female employees for layoffs. The proposed class action filed late on Wednesday in San Francisco federal court said that after Twitter was taken over by Elon Musk, the world’s richest … Read more
Tesla investors are growing frustrated as Elon Musk devotes more of his time and energy toward his overhaul at Twitter, even as the electric vehicle firm’s stock prices tanks. Tesla’s stock has fallen nearly 60% this year as Musk’s Twitter takeover prompted months of legal drama, political fallout and social media chaos. The billionaire’s sale … Read more
Apparently they didn’t like her Minnie blouse. Outraged female Disneyland-goers have been flocking to TikTok in droves to complain about the House Of Mouse’s allegedly unfair dress code. In one recently resurfaced video with 4 million views, a New Jersey woman claimed that she was flagged by the “Happiest Place on Earth” for wearing a … Read more
Grubhub is quietly lobbying New York City legislators to amend legislation that limits the fees food delivery companies charge restaurants for take-out orders — even as it sues the city to overturn the fee cap, The Post has learned. The delivery giant says it has secured the support of 17 City Council members — mostly … Read more