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Keyword: market

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  • Millions in Drug Money Has Made Its Way Into the South Florida Commercial Real Estate Market

    06/14/2024 5:47:14 AM PDT · by Red Badger · 15 replies
    Based Underground ^ | June 14, 2024 | Tyler Durden
    A new report is revealing how illegal drug funds have made their way through the commercial real estate market in South Florida “and beyond”, according to Bisnow. Among examples was Miami’s Sefira Capital, who agreed to forfeit over $29M in 2021 to settle a DEA investigation into money laundering, though it admitted no wrongdoing. The firm was accused of ignoring red flags about investor funds and was implicated in a DEA sting operation, revealing millions in drug money flowed through its investment fund, Bisnow reports. The probe included a $63M hotel acquisition near Washington, D.C., and an office building in...
  • Slimmed-down ‘skinny home’ slips onto the DC market for under $600K

    05/13/2024 11:27:14 AM PDT · by ChicagoConservative27 · 36 replies
    NY Post ^ | 05/13/2024 | Kellie Speed
    We all know what tiny homes are, but have you ever heard of a skinny home? What originally began as plans to construct a single-family residence in Washington, DC, suddenly shrank when the city unexpectedly changed its zoning laws. “The developer bought the property, thinking it could be a four-story home that was 15 feet wide; but the city changed the zoning laws, so he had to build this skinny home in its place,” says listing agent Jennifer Young, of Keller Williams Chantilly Ventures. “It had to be scaled down to almost half the width. This home is now just...
  • White House: We Have Job Market That’s ‘Better Than Even a Soft Landing’

    05/03/2024 7:59:43 PM PDT · by ChicagoConservative27 · 29 replies
    Breitbart ^ | 05/03/2024 | Ian hatchett
    On Friday’s broadcast of NewsNation’s “The Hill,” White House Senior Adviser Gene Sperling discussed the recent jobs report and stated that things are “not good enough, because people are still facing too high costs in their family and personal lives. But in terms of the job market, yes, this is steady, sustainable job growth, better than even a soft landing. It’s a very steady and strong landing.”
  • SEC illegally tracking Americans who invest in the stock market, lawsuit claims

    04/21/2024 6:16:44 AM PDT · by Libloather · 25 replies
    The Securities and Exchange Commission (SEC) is illegally collecting data of every citizen who invests in the stock market, according to a new lawsuit. The New Civil Liberties Alliance (NCLA) filed the suit Tuesday against the SEC claiming that the agency, through its “Consolidated Audit Trail,” or “CAT,” program, is collecting mass amounts of personally identifiable data by forcing brokers, exchanges, clearing agencies and alternative trading systems to capture and send detailed information on every investor’s trades in U.S. markets to a centralized database. The Securities and Exchange Commission (SEC) is illegally collecting data of every citizen who invests in...
  • The office market is so bleak that Canada's largest pension fund sold its stake in an NYC building for $1

    02/28/2024 8:02:59 AM PST · by Vigilanteman · 16 replies
    Business Insider ^ | 28 February 2024 | Phil Rosen
    Canada's largest pension fund sold a stake in a New York building for $1. Crashing office values have led investors to turn cautious on the sector. Office buildings have suffered from the pandemic's work-from-home boom. The Canada Pension Plan Investment Board, the biggest pension in Canada, has completed a string of recent deals at discounted prices, including a sale of its stake in a New York building for $1, Bloomberg reported Tuesday.Commercial real estate concerns have escalated thanks to the pandemic's work-from-home boom and high interest rates in the wake of the Federal Reserve's inflation fight, and the gravest fears...
  • New York cannabis farmers may have to throw away 250,000 pounds of product due to retail-store bottleneck

    02/05/2024 1:19:01 PM PST · by NautiNurse · 74 replies
    Marketwatch ^ | 5 February 2024 | Steve Gelsi
    State’s licensing process has created too much product and not enough places to sell it, a consultant and retail-store applicant sayNew York state has only opened about 50 legal stores, yet state-legal cannabis farmers grew enough product this past summer and fall to supply up to 1,500 stores, a consultant who works in the industry said. [Snip] Meanwhile, the illicit market continues to thrive, with thousands of unlicensed shops. While the state has issued 460 retail licenses to nonprofits and people displaced by the war on drugs under its CAURD program, it’s been difficult for most licensees to find real...
  • China's Stock Market in Turmoil: Nearly 30% of Stocks Halted, Small Caps Limited Down in 8% Freefall

    02/05/2024 3:07:22 AM PST · by davikkm · 18 replies
    In a startling turn of events, China's stock market faces unprecedented turmoil as nearly 30% of all stocks come to a grinding halt, with small caps limited down in an alarming 8% freefall within a matter of hours. This financial upheaval sparks concerns, hinting at an impending storm in the Chinese market. The tumultuous scene unfolds with Chinese stock market indices experiencing significant disruptions: CSI 1000: -8% Star 50: -5% Beijing 50: -4% Shenzhen: -4% Shanghai Composite: -3% However, amidst the chaos, the CSI 100 and Hong Kong 50 indices, representing Chinese large caps, oddly remain in positive territory. The...
  • Warning Bells Ring as Market Concentration Hits Record High: Is the Euphoria Sustainable?

    02/04/2024 6:32:23 PM PST · by davikkm · 19 replies
    In the ever-evolving landscape of financial markets, a red flag is waving high as market concentration risk reaches an unprecedented peak. The Top 10 stocks in the Russell 1000 now hold a staggering 31.3% of the index, marking a historic high and raising questions about the sustainability of the current market euphoria. The earnings gap between Mega Cap Tech Stocks and Small Caps has widened to an all-time high, creating a stark dichotomy in the performance of different segments of the market. As history unfolds, it’s vital to pay heed to the lessons of the past, where the most significant...
  • Market Faces Risks as Tech Sector Shows Signs of Peak, JPMorgan Warns of Dot-Com Style Concentration

    01/30/2024 4:13:45 PM PST · by davikkm · 4 replies
    Signs of a potential market peak are emerging as the technology sector, which peaked in July, shows renewed vulnerability. This week, marked by the largest shooting star for Tech since July, is seen as a significant indicator. JPMorgan Chase & Co. quant strategists are raising concerns about the concentration of the market, drawing parallels with the dot-com bubble and emphasizing the risk of a substantial selloff. The dominance of the 10 largest stocks in U.S. equity markets is a focal point of concern. The strategists note that highly concentrated markets pose a clear and present risk to equity markets in...
  • Biden’s Housing Market! New Home Sales Disappoint, Rising Over 4% Versus 10% Expected As Existing Sales Hit Record Low

    01/25/2024 8:08:53 AM PST · by Kaiser8408a · 2 replies
    Confounded Interest ^ | 01/25/2024 | Anthony B. Sanders
    Sweet home ANYWHERE is getting more difficult under Biden’s vision for the economy. On the heels of the worst year ever for existing home sales, new home sales were expected to rebound 10.0% MoM in December after plunging back to reality in November (-12.2%) as mortgage rates tumbled. New home sales disappointed in December, rising just 8% MoM (vs 10% exp) but that is still the biggest MoM jump since last December. Source: Bloomberg Of course, having pointed out the dramatic series of downward revisions to this data series this year, November’s 12.2% plunge was revised up to a 8.0%...
  • China’s Stock Market in Freefall: Beijing Considers Desperate Multi-Trillion Rescue Package…

    01/23/2024 1:36:03 PM PST · by davikkm · 19 replies
    Stock markets in China and Hong Kong are witnessing a severe downturn, reaching multi-year lows, as confidence in the world’s second-largest economy dissipates. The alarming situation has prompted Beijing to consider an ambitious multi-trillion market rescue package. This unprecedented decline in Chinese markets has captured global attention, raising questions about the effectiveness of intervention measures. The recent plunge in Chinese stocks has been described as a multi-year low, with foreign investors withdrawing their money amid growing concerns about sputtering economic growth and a deepening real estate crisis. Despite various attempts, including short selling bans and interventions by China’s Plunge Protection...
  • Market euphoria clashes with rising defaults—echoes of 2008, a storm brewing?

    12/26/2023 1:31:29 PM PST · by davikkm · 7 replies
    In a week marked by the S&P500 witnessing its largest-ever inflow at a staggering $21 billion, there’s an unsettling undercurrent in the financial landscape that demands attention. Bankruptcy filings are surging ominously, casting a shadow on the euphoria of market inflows. Additionally, the U.S. Corporate Default Rate, a key indicator of anticipated defaults among corporations with speculative-grade credit ratings, has witnessed a notable spike. The paradox between record-breaking market inflows and rising defaults raises questions about the Federal Reserve’s seemingly dovish stance. Is the Fed preemptively responding to an imminent storm on the financial horizon?
  • Market Overbought: Echoes of 2008-09 Recession Loom as Traders Disregard Warning Signs

    12/15/2023 6:03:35 PM PST · by davikkm · 22 replies
    The stock market is currently experiencing its most overbought conditions since the early days of the pandemic, with traders displaying a fervent appetite for bullish options contracts. This surge in bullish sentiment is reminiscent of the situation leading up to the 2008-09 recession, raising concerns among seasoned analysts. A striking comparison can be drawn between the current market state and the situation in December 2021, particularly in the context of "Min vol." Despite a similar move, this time it took half the duration as volatility rapidly collapsed. The prevailing sentiment suggests that, post-options expiration (OpEx), markets are poised to surge...
  • Fed’s Powell warns market must be flexible with forecasts, ‘dynamic’ economy

    11/08/2023 9:14:40 AM PST · by ChicagoConservative27 · 3 replies
    The Hill ^ | 11/08/2023 | Julia Shapero
    Federal Reserve Chair Jerome Powell urged the central bank’s forecasters on Wednesday to remain flexible and “think outside” traditional economic models, as they continue to offer projections for a post-pandemic economy that has repeatedly confounded expectations. Powell touted the Division of Research & Statistics, which provides the Fed with economic data and analysis ahead of its interest rate decisions, at a conference celebrating the division’s 100th anniversary.
  • Bond Market Collapsing Now -- Says Michael Pento

    10/06/2023 9:55:14 AM PDT · by appeal2 · 71 replies
    Financial Survival Network ^ | 10-02-2023 | Kerry Lutz
    Michael Pento discussed the current state of the bond market and warned of the potential collapse of the US dollar due to the erosion of faith in the world’s reserve currency. He advised investors to sell long duration bond exposure and invest in short term US government debt. Pento also discussed the inflation and GDP acceleration, as well as China and Japan’s selling of US treasuries. He warned of the massive issuance and supply of US debt and questioned who will buy it, as the Federal Reserve is no longer buying and is instead selling their balance sheet, adding to...
  • Los Angeles housing market up $202B in past year, Zillow says

    09/26/2023 12:28:17 PM PDT · by ChicagoConservative27 · 8 replies
    KTLA ^ | 09/26/2023 | Cameron Kiszla
    Everyone knows buying a house in Los Angeles is expensive, but the numbers just released Zillow are likely still jaw-dropping to many. In a report released Tuesday, Zillow estimated the total value of the housing market in the L.A. metro area — the sum of Zillow’s estimates for every home — is up $202 billion in the last year alone. The area’s total value, $3.7 trillion, has seen a rapid increase since the start of the COVID-19 pandemic in 2020, rising 38% over the past three years, Zillow said. In August 2023 alone, the median price in Los Angeles County...
  • Russian missile turns Ukrainian market into fiery, blackened ruin strewn with bodies

    09/07/2023 3:33:12 AM PDT · by Timber Rattler · 115 replies
    The Associated Press ^ | September 6, 2023 | MSTYSLAV CHERNOV
    The Russian missile that struck Wednesday in eastern Ukraine turned an outdoor market into a fiery, blackened ruin where weeping civilians looked for loved ones among the mangled, burned bodies scattered across the ground. The blast in the town of Kostiantynivka killed 17 people and wounded at least 32 in one of Russia’s deadliest strikes on civilians in months, Ukrainian officials said. “There was no military target here. This is a peaceful neighborhood in the city center,” Stefan Slovak, who lives in Kostiantynivka, said in a trembling voice. Behind him were the remnants of the market, where charred bodies could...
  • NYC pot market will yield $1.2 billion in sales — after 2030

    08/25/2023 10:42:36 AM PDT · by ChicagoConservative27 · 19 replies
    NY Post ^ | 08/25/2023 | Carl Campanile
    New York City’s legal marijuana market could generate $1.2 billion in sales and $47 million in tax revenue for city coffers when fully operational — but the high times might not happen until after 2030. The long wait for the bud bucks to finally bloom is due to the current slow rollout of the opening of pot stores, of which only a handful of legal shops have opened, a new analysis released Thursday reveals. “The rollout of the legal cannabis market has been slowed, however, by several challenges: illicit sales by unlicensed businesses, siting and funding issues for dispensary owners,...
  • Chinese manufacturers dominate wind power, taking 60% of global market

    08/20/2023 3:53:26 AM PDT · by FarCenter · 10 replies
    TOKYO -- China is emerging as a dominant player in global wind power generation, with the country's manufacturers supplying nearly 60% of installed capacity worldwide in 2022. The figures, compiled by the Brussels-based Global Wind Energy Council, signal that China is claiming a commanding share in both the wind power and solar panel markets. China's Goldwind, the leader in the domestic market, ranked second in the world market with a 13% share, behind Denmark's Vestas with 14%. Of the top 15 companies worldwide, 10 were Chinese, including fifth-place Envision with a 9% share and sixth-place Mingyang Smart Energy with 7%....
  • Adams claims he’ll deal with seedy NYC ‘Market of Sweethearts’ — but cops still a no-show at alleged Queens brothels

    08/01/2023 11:31:39 AM PDT · by ChicagoConservative27 · 25 replies
    NY Post ^ | 08/01/2023 | Jared Downing, Bernadette Hogan and Jorge Fitz-Gibbon
    Mayor Eric Adams vowed Monday to deal with the illicit sex market that’s been thriving in Queens for months — even as the open-air red-light district continued unabated two days after being exposed in an exclusive report by The Post. Adams said he took a wee-hours tour of the seedy strip to see for himself, and was shocked by what he witnessed, telling reporters: “It was filthy.” “There was just a state of disorder,” the mayor said at an unrelated press conference. “I was out there about 1 a.m., 2 in the morning because I wanted to get an observation...