The market for previously owned homes is facing challenges, with sales at a 30-year low and minimal movement seen in May. Existing home sales remained relatively flat, dropping by 0.7% from April to a seasonally adjusted annual rate of 4.11 million units. This trend mirrors a 2.8% decrease from the previous year. The consistency in
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China’s investment of $230.8 billion over more than a decade to develop its electric car industry is a staggering figure. This amount of government support represents a significant 18.8% of total electric car sales between 2009 and 2023. This demonstrates a clear commitment from Beijing to push the growth of the electric vehicle (EV) sector
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New York has recently introduced a program that provides homeowners with the opportunity to receive rebates of up to $14,000 for making energy-efficient upgrades to their properties. This initiative is part of the federal Inflation Reduction Act, which is the largest climate-focused legislation in U.S. history. The goal of these rebate programs is to help
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Darden Restaurants recently released its quarterly results, which caused mixed reactions in the market. Despite an increase in net sales, the same-store sales of its flagship brand, Olive Garden, declined for the second consecutive quarter. Additionally, Darden provided a modest forecast for the coming fiscal year, predicting a mere 1% to 2% growth in same-store
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As older members of Generation X approach retirement age, the pressure to save for retirement has intensified. A study conducted by a global asset management company revealed that a significant percentage of Gen Xers are worried about not having enough money to enjoy their golden years. With the dual financial responsibilities of caring for elderly
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The latest drop in mortgage rates did not seem to have a significant impact on consumer behavior. Despite the decrease in the average contract interest rate for 30-year fixed-rate mortgages, the total mortgage application volume only rose by 0.9% compared with the previous week. This indicates that consumers were largely unimpressed by the rate reduction.
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In recent years, the box office has been missing a crucial element – family films. However, in the last few months, there has been a resurgence of kid-friendly movies hitting the big screen. This resurgence has brought new life to the box office, giving hope to movie theater operators for a stronger second half of
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