Home price gains are accelerating again, and in some cities those values are overheating. Four of the nation’s largest cities are now considered overvalued, according to CoreLogic. Home prices in Denver, Houston, Miami and the Washington, D.C., metropolitan area now exceed sustainable levels. To determine if a market is overvalued, CoreLogic compares current prices to […]
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While most economists say President Donald Trump may be overstating his responsibility for recent better growth and jobs numbers, they say his policies may have had a limited positive influence in some areas. At the same time, they warn, there are ways the president might also be a drag on growth. Take the GDP number […]
Read moreAutomation haunts many discussions about the future of work, employment, and the economy. But technological advances may soon hit homes in an unexpected way: could real estate appraisers be replaced by robots? That’s the conclusion of a recent article in Bloomberg, which discusses how advances in big data and computing are helping automate this knowledge-based […]
Read moreAmazon announced Monday that Amazon Echo owners who also own an Amazon Fire TV can now control their TVs by voice using the Echo. Previously, customers had to use an included remote, which had to be held by a user. Now, you can just walk into your living room or bedroom and ask Alexa to […]
Read moreNational factory activity continued to expand in July, building on June’s return to expansion not seen since August 2014. The U.S. manufacturing index registered 56.3 percent, coming in just below the 56.5 percent expected by economics polled by Reuters. A reading above 50 on the Institute for Supply Management’s (ISM) index indicates an expansion in […]
Read moreClimate change has been linked to the suicides of almost 60,000 farmers over the last three decades in India, a study published Monday has revealed. For temperatures above 20 degrees Celsius, an increase of a single degree causes approximately 70 suicides, according to a researcher at the University of California, Berkeley. The link is understood […]
Read moreDays after Apple yanked anti-censorship tools off its app store in China, another major American technology company is moving to implement the country’s tough restrictions on online content. A Chinese company that operates Amazon’s cloud-computing and online services business there said on Tuesday that it told local customers to cease using any software that would […]
Read moreA blogger known for his nearly perfect track record for leaking photos of new phones, Evan Blass, has published images of what he says is Samsung’s next flagship smartphone. The device above is almost certainly the new Galaxy Note 8, according to Blass. The phone is expected to be unveiled during Samsung’s New York City […]
Read moreAlan Greenspan, the former Federal Reserve chairman who has a knack for saying memorable things about the markets, is warning of a bond bubble. “By any measure, real long-term interest rates are much too low and therefore unsustainable,” Greenspan told Bloomberg News in an interview. “When they move higher they are likely to move reasonably […]
Read moreSprint on Tuesday swung to a quarterly profit for the first time in three years and its chief executive said an announcement on merger talks should come in the “near future,” sending shares in the No. 4 U.S. wireless carrier up more than 6 percent. Sprint, majority owned by Japan’s SoftBank, is exploring options including […]
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