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July 1, 2022

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Housing shortage starts easing as listings surge in June

CNBC Real Estate
A historic housing shortage brought on by the one-two punch of slow construction and strong pandemic-induced demand is finally starting to ease. Active listings for homes jumped 19% in June, the fastest annual pace since Realtor.com began tracking the metric five years ago. And the number of new listings during......

China’s easing COVID curbs spark travel inquiry surge, and caution

Reuters
Travellers walk at a terminal hall of the Beijing Capital International Airport in Beijing, China March 23, 2022. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register BEIJING, June 29 (Reuters) – Online searches for Chinese airline tickets on domestic and international routes surged on Wednesday, after Beijing......

In Boebert’s District, as Elsewhere, Democrats Surge Into G.O.P. Primary

New York Times
BASALT, Colo. — Claudia Cunningham had never voted for a Republican in her life. She swore she couldn’t or her father would roll over in his grave. But ahead of the Colorado primary on Tuesday, she did the once-unthinkable: registered as unaffiliated so that she could vote in the G.O.P.......

UK inflation hits new 40-year high of 9.1% as food and energy price surge persists

CNBC
CNBC – For more and to sign up click here LONDON — U.K. inflation hit 9.1% year-on-year in May as soaring food and energy prices continue to deepen the country’s cost-of-living crisis. The 9.1% rise in the consumer price index, released Wednesday, was in line with expectations from economists in......

Airline stocks tumble as economic concerns overshadow travel surge

CNBC
CNBC – For more and to sign up click here An American Eagle aircraft taxis as a Southwest Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, January 24, 2022. Joshua Roberts | Reuters Packed planes. Sky-high airfare. An end to Covid testing for international arrivals. So much is......

Here’s what people expect to spend more on as inflation continues to surge

CNBC
CNBC – For more and to sign up click here Regular unleaded gasoline was $4.69 a gallon (cash) at a Houston Exxon Mobil station on June 9, 2022. Gas prices are breaching record highs as demand increases and supply fails to keep up. Brandon Bell | Getty Images News |......

Warriors’ Seven-Point Possession Ignites Third-Quarter Surge

Sports Illustrated
SI – For more and to sign up click here Nick Selbe When you’re playing a team as loaded offensively as the Warriors, no lead is ever safe. A 13-second stretch during Wednesday night’s Game 3 of the NBA Finals perfectly illustrated that point. Midway through the third quarter, the......

Shipping giant CMA CGM sees uncertain outlook as earnings surge again

Reuters
The logo of CMA-CGM shipping company is pictured on a container in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June 3 (Reuters) – CMA CGM said on Friday that geopolitical and economic risks were clouding its outlook despite......

Airfares surge 50% as domestic and international travel rebound

CBS News
CBS News – For more and to sign up click here More Americans are taking to the skies this summer than there are available plane seats, driving up ticket prices as airlines grapple with surging fuel costs, staffing challenges and smaller fleets. Airfares at American Airlines, Delta Air Lines and United......

Wendy’s shares surge as Trian, its largest shareholder, explores potential deal

CNBC
CNBC – For more and to sign up click here A drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Shares of Wendy’s surged roughly 15% in extended trading Tuesday after a filing revealed hedge fund Trian Partners, its largest shareholder, is exploring......

Georgia’s early-vote surge shows the smears about its voting law were complete nonsense

NYPost
Rich Lowry The surge in the early vote in Georgia shows that all the smears about the state’s new voting law, repeated by everyone from the president on down, were complete nonsense. Source – For more click here To Return to the Main Aggregate News Page – click here Break’n......

Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue

CNBC
CNBC – For more and to sign up click here Singapore, Singapore – 2021: A large Shopee logo at the entrance to the e-commerce platform’s headquarters at Science Park. (Exact photography date unknown due to incorrect camera settings) Kokkai | Istock Unreleased | Getty Images Shares of Southeast Asia’s e-commerce......

Oz fights off McCormick’s millions and Barnette’s surge in final days of Pennsylvania Senate primary

CNN
USA TODAY – For more and to sign up click here But here in Secane, Oz portrayed himself as the kind of conservative who would “never let you down,” proudly noting Trump said he is the most electable GOP candidate in the race that could determine the future party control......

Affirm lifts revenue outlook, extends Shopify deal; shares surge

Reuters
May 12 (Reuters) – Affirm Holdings Inc (AFRM.O)raised its annual revenue forecast and said it has extended a multi-year partnership with Shopify (SHOP.TO)in the United States, sending shares of the buy now, pay later (BNPL) firm up 23% aftermarket on Thursday. San Francisco-based Affirm’s third-quarter revenue surged 54%, surpassing the......

China’s factory inflation defies global surge, leaving room for stimulus

Reuters
A man pays for meat at a market in Beijing, China January 11, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Producer inflation at slowest pace in a year Consumer inflation perks up but remains contained – analysts BEIJING, May 11 (Reuters) – China’s factory-gate inflation......

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