US GDP Report Set to Highlight Immigration-Driven Economic Boom
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
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Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office space is vacant, and nowhere in the country have residential real estate prices fallen further from their pandemic peak.
Mortgage rates in the US increased for a fourth straight week.
It’s independents, a growing voting bloc, who drive election victories in the swing state, where the GOP is rushing to defuse abortion as an issue.
Pending sales of existing US homes in March reached their highest levels in a year in spite of persistently high borrowing costs and a low supply.
Oct 21, 2021
Bloomberg News
,(Bloomberg) -- China property shares continued to rally, as the banking regulator’s call for support on first-home purchases cements confidence policy is easing for the sector. Local media report that China Evergrande Group has paid a bond interest also helped boost sentiment.
Developers again led gains in Hong Kong and the mainland, with the Shanghai Stock Exchange Property Index surging as much as 4.6%, the most since the start of September. Seazen Holdings Co. jumped the limit in Shanghai, while China Resources Land Ltd. advanced 7.5% to be one of the top contributors to the Hang Seng Index.
The call by the China Banking and Insurance Regulatory Commission to meet first-home buyers’ mortgage demand is “a timely positive gift” for developers, Citigroup Inc. analysts including Griffin Chan wrote in a note. “We view the latest CBIRC comments signal stronger than expected supports,” they added, seeing the sector’s rally to extend into November with another 10%-15% room of upside.
©2021 Bloomberg L.P.