The housing market can only defy gravity for so long

The housing market can only defy gravity for so long

However, if, as Capital Economics predicts, interest rates hit 3pc and banks start to pull in their horns by passing through the cost of mortgage borrowers, the cost of servicing the same mortgage on the same house will likely eat up over half of a standard household’s disposable income. If interest rates hit 4pc, we’re … Read more

Beyond Meat Shares Tumble on Disappointing Q1 | Business News

Beyond Meat Shares Tumble on Disappointing Q1 |  Business News

By DEE-ANN DURBIN, AP Business Writer Plant-based meat company Beyond Meat reported lower-than-expected revenue in the first quarter as it slashed prices and demand fell from restaurants. The El Segundo, California, company said its revenue rose 1.2% to 109.5 million in the January-March period. Wall Street had forecast revenue of 112 million, according to polled … Read more

5 things to know before the stock market opens Wednesday, May 11

5 things to know before the stock market opens Wednesday, May 11

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures turn lower after consumer prices remain at four decade highs Traders on the floor of the NYSE, May 10, 2022. Source: NYSE US stock futures turned lower Wednesday after the first of two key April inflation … Read more

New business on Magazine Street, Woman’s Hospital expands use of safety devices | Business News

New business on Magazine Street, Woman’s Hospital expands use of safety devices |  Business News

New ear piercing studio open on Magazine Street Rowan has opened an ear piercing studio at 3947 Magazine St. in New Orleans. The company was founded by mother and entrepreneur Lousia Serene Schneider. Rowan said all piercings are done by licensed nurses in a safe, hypoallergenic setting. Business hours are from 11 am to 6 … Read more

BBB column: Avoiding common business scams | Business

BBB column: Avoiding common business scams |  Business

Running a successful business is tough enough without throwing fraud into the mix. According to the Association of Certified Fraud Examiners (ACFE), US businesses will lose an average of five percent of their gross revenues to fraud. And while fraud is a problem for all businesses, small businesses are the most susceptible. Statistics show that … Read more

China’s economy is going backwards

China’s economy is going backwards

Hong Kong CNN Business – China’s gigantic services sector just contracted at the second sharpest pace on record as Covid lockdowns hit businesses hard. The Caixin purchasing managers’ index, a closely-watched indicator for assessing the state of the economy, plummeted to 36.2 in April from 42 in March, according to a survey released by IHS … Read more

California Moves to Embrace Cryptocurrency and Regulate It | Business News

California Moves to Embrace Cryptocurrency and Regulate It |  Business News

By DON THOMPSON, Associated Press SACRAMENTO, Calif. (AP) – California, which would have the world’s fifth-largest economy if it was a country, on Wednesday became the first US state to formally begin examining how to broadly adapt to cryptocurrency and related innovations, following a path laid out by President Joe. Biden in March. Gov. Gavin … Read more