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September 25, 2021

Boom

England sees ‘boom’ in second homes flipped to holiday lets

BBC
https://www.bbc.co.uk/news/uk-england-58460350?at_medium=RSS&at_campaign=KARANGA Robert Hayton, UK president of Altus Group, said: “The grants for second homeowners will have been far more lucrative than ‘business as usual’ for many, especially in the off-seasons, whilst there is a pivot towards holiday lets as rental prices boom in hotspots.” BBC – For more and to......

‘Property market on steroids’: Asia-Pacific’s real estate boom sees buyers bidding up prices

CNBC Real Estate
Singapore has hinted that unvaccinated travelers may be subject to longer quarantine periods and additional testing. franckreporter | E+ | Getty Images SINGAPORE — Housing prices have shot up across cities in Asia-Pacific this year, fueled by record low interest rates amid the pandemic. Optimism has also gained steam as......

Here’s why experts believe the U.S. is in a housing boom and not a bubble

CNBC Real Estate
The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic. During the pandemic, home prices have climbed at a record pace. The median price for an existing home reached over $363,000 in June 2021, a 23.4% year-over-year increase. “You can see in just basically the last 15......

Wall St awaits Zoom’s next act as pandemic boom cools

Reuters
A 3D printed Zoom logo is placed on the keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/Files Aug 30 (Reuters) – When stay-at-home favorite Zoom (ZM.O) reports quarterly results on Monday, Wall Street will look for details on how the video conferencing platform plans to attract more users......

Euro zone business activity remains robust in August as jobs boom

CNBC
CNBC – For more and to sign up click here Gondolas and gondoliers, one of the characteristic presences of the canals of the city of Venice, have resumed carrying tourists around with small limitations on the number of contemporary passengers to avoid possible infections. NurPhoto | NurPhoto | Getty Images......

The electric vehicle boom is pay-dirt for factory machinery makers

Reuters
DETROIT, Aug 20 (Reuters) – The investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush. The good times for the makers of robots......

Concrete and cement industries brace for demand boom from $1 trillion infrastructure plan

CNBC
CNBC – For more and to sign up click here Concrete is the foundation of just about everything. It’s used to construct buildings, highways, bridges, roads and more. During the Covid-19 pandemic, concrete fell victim to the same phenomena impacting other essential materials and goods: snarled supply chains and labor......

An auto rental shortage sparked a boom in peer-to-peer car-sharing. Entrepreneurs are hopping on the trend

CNBC
CNBC – For more and to sign up click here Jordan Siemens | Stone | Getty Images When the coronavirus pandemic put a halt to nearly all travel, Anwar Ali was forced to store a fleet of cars he rents out through car-sharing platform Turo in an unused gym in......

Why the boating industry’s boom could carry on for a long time

CNBC
CNBC – For more and to sign up click here Boating is booming. Even before the Covid-19 pandemic left many Americans stuck at home, boating was on the rise. The boom has been fueled in part by innovations that make boats easier to use, new models of drawing customers —......

Etsy stock plunges as weak guidance suggests pandemic e-commerce boom is stalling

CNBC
CNBC – For more and to sign up click here An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy reported better-than-expected second-quarter results after the bell on Wednesday, but it gave guidance for the current......

France’s TotalEnergies to buy back shares as fuel prices boom

Reuters
PARIS, July 29 (Reuters) – France’s TotalEnergies (TTEF.PA) said on Thursday it would use part of its cash flow for share buybacks, as rising oil and gas prices boosted profit and helped to offset the hit from selling out of one of its Venezuelan ventures at a loss. TotalEnergies has......

Google parent Alphabet reaches record quarterly revenue, profit in ad boom

Reuters
July 27 (Reuters) – Google parent Alphabet Inc’s (GOOGL.O) quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online. Shares of Alphabet, the world’s largest provider of search and video ads, rose 3.3% in extended......

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