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...Homeowners, holding cheap legacy mortgages, become unwilling to sell their homes....
...The government’s Green Deal loan scheme, which allows homeowners to spread the cost of buying solar over 10 to 25 years, has been offered through private providers since 2017....
...The basket of blue-chip US stocks rose as high as 5,000.4 on Thursday, seconds before closing the session 0.1 per cent higher at a record 4.997.91....
...In the year ending March 2023, construction began on 72,000 new homes in Houston, Texas, population 7.5mn: more than three times the 20,500 new homes started in London, whose population is considerably larger...
...For example, in recent decades, a swing of just 1 million barrels can swing crude oil prices dramatically even in a market supplied by roughly 100 million barrels per day....
...As we’ve covered before, high current mortgage rates + homeowners locked into 30yr rates below 1 per cent = very few homeowners who want to sell today....
...On Monday, Rishi Sunak’s government issued a statement confirming that, thanks to “one of the most generous schemes in Europe”, homeowners could get a £7,500 subsidy that could make heat pumps cheaper than...
...UK average mortgage rates fell for the first time in over two years, according to data from the Bank of England, suggesting that the burden on homeowners is easing as lower borrowing costs filter through...
...Second, homeowners will also still be able to rent out their main house or flat for up to 90 nights a year without approval. Airbnb says a typical UK host makes £5,500 a year....
...While the S&P 500 has blasted through many analysts’ end-of-2024 target levels, the equal-weighted version of the index has barely moved and remains below the all-time high it set in early 2021....
...The equal-weighted version of the S&P 500 has fallen back 1 per cent so far this year. That lack of breadth has added to expectations that the outlook could be bumpy....
...Of the almost $1.7tn invested in dedicated small and mid-cap funds globally, nearly $1.3tn of it is invested solely in the US, according to Morningstar....
...Elsewhere, used-car platform Carvana soared more than 1,000 per cent, providing a reminder that painstaking stockpicking can still make a difference....
...The US president sought to ease the pressure on would-be homeowners through tax credits outlined in this month’s State of the Union address, but that benefit is unlikely to have as big an impact as lowering...
...A similar picture holds for forward price-to-sales (2.9 in 2021 vs 2.6 today vs 1.9 historically)....
...Unilever is to split off its ice cream business and accelerate its growth action plan in moves that will affect 7,500 staff globally and raise its restructuring costs to an estimated 1.2 per cent of group...
...They include The Top 500 Poems ($1,000-$1,500) – a collection that was presented to Albright by president Bill Clinton, with a handwritten note highlighting his three favourites – and an Encyclopedia Britannica...
...Wall Street’s blue-chip S&P 500 stock index closed 1.2 per cent lower, its sharpest daily decline since the middle of February, while the tech-heavy Nasdaq Composite fell 1.4 per cent....
...Dimon sat for a seven-hour deposition in May but lawyers for the Jane Doe plaintiff want to talk to him again to ask him about more than 1,500 documents that JPMorgan turned over after the deposition....
...As many as four in 10 renters reported difficulty in meeting their rent payments, according to the analysis, which used data from February 8 to May 1....
...The BoE raised the cost of borrowing from a record low of 0.1 per cent in November 2021 to 5.25 per cent last year in an attempt to tame the surge in inflation....
...Abolishing the Aim relief could raise at least £1.1bn in the current tax year, rising to £1.6bn in 2029-30, the think-tank said....
...The down-filled jackets and ski pants of Grenoble’s performance segment are designed for professional and expert skiers (Men’s Pramint ski jacket, €1,600; women’s jumpsuit, €1,500)....
...Just look at Roche (down 15.8 per cent in 2023, and a further 4.6 per cent year-to-date in 2024) and Nestlé (down 9 per cent and 5.1 per cent over the same periods)....
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