South Korea’s housing crisis offers a warning to other countries

“B”buying the house in 2021 could be one of the biggest regrets of my life,” says Kim Myung-soo, a 33-year-old man whose house in Jamsil, east of Seoul, has lost about $400,000 in value. His wife is 33 weeks pregnant and Mr. Kim doesn’t know how he will pay the mortgage. He had planned to … Read more

City centers: from offices to single-family homes

Ldowntown manhattan The skyline has long symbolized the fortunes of corporate America. The rise of skyscrapers in the 1920s heralded the boom of the modern office, replete with swivel chairs and desks. As corporate giants emerged and Wall Street firms flourished, office space requirements skyrocketed in the 1970s, fueling a wave of new high-rises like … Read more

Stocks that move after hours: Nvidia, Lucid, Etsy, Bumble

Nvidia’s sales in its latest quarter were $6.05 billion, beating Wall Street analysts’ expectations of $6.01 billion. Adjusted earnings per share of 88 cents beat estimates of 81 cents. The chipmaker’s revenue forecast of $6.5 billion, plus or minus 2%, also beat Wall Street expectations. Since early 2023, Nvidia shares are up 41% amid an … Read more

Intel’s dividend cut is the result of ‘very specific problems’: DoubleLine’s Monica Erickson

American tech icon Intel (INTC) cutting its dividend on Wednesday is not a total shock to a money manager. “Intel is an interesting story because they have very specific issues with their business. They’ve been losing market share to their competitors and I think cutting their dividend is an indication” of that, Monica Erickson, an … Read more

The Federal Reserve’s $2.5 Trillion Question

C.a central bank make $2.5 trillion in cash disappear without anyone noticing? That is the unlikely, even daring, mission the Federal Reserve has begun, trying to reduce its vast balance sheet while minimizing disruptions to the economy. The process, known as “quantitative adjustment” (qt), went live in mid-2022. The Federal Reserve has already dumped nearly … Read more

Google, Microsoft and the threat of powerful trust hunters

youhere are mergers to worry about and mergers to welcome. In the first category are the alliances between larger firms in the same line of business. In these “horizontal” mergers, a competitor is removed from the market, removing a price constraint. In such cases, the competition authorities will investigate the merger and may block it. … Read more

Investors hope the economy avoids recession

Wwith his trajectories, headwinds and tailwinds, the language of central banking abounds with aviation metaphors. It comes as no surprise, then, that the politician’s most heroic feat is named after the success of Apollo 11 in the space race. For experts, a “soft landing” occurs when the heat is removed from the economy without causing … Read more

Lael Brainard to Take Control of America’s Economic Powerhouse

TO dimly lit The room, with a small conference table and desk, may not seem like a focal point for the US economy. But the director of the National Economic Council (national executive committee‘s office), in the West Wing of the White House, is a crucial location. Its occupant for the past two years, Brian … Read more

The smartphone market is expected to grow at a CAGR of 6.8% globally to reach US$982.8 billion by 2031 – World News Report

The smartphone market is expected to grow at a CAGR of 6.8% globally to reach US$982.8 billion by 2031 - World News Report

Smartphone Market Research: Emergence of 5G for Substantial Market Growth The smartphone market is segmented by mobile vendors, Android, iOS, Windows, Blackberry operating systems NEW YORK, NEW YORK, INDIA, February 21, 2023 / — According to Persistence Market Research Smartphone market, the market was valued at $507.5 billion in 2021 and is expected to grow … Read more

Beleaguered World Bank chief resigns

D.greedy for malpass The World Bank presidency began and ended in controversy. When Donald Trump chose the former investment banking crispcorand Treasury official in 2019, Malpass was seen as someone who did not believe in multilateralism and could sabotage the bank. On February 15, when he announced his intention to resign in June, he was … Read more