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  • 🚀 Home Sales fall 4.9%

🚀 Home Sales fall 4.9%

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

Dow Jones  43,807.79 2.97%
S&P 500  6,082.09 3.41%
Nasdaq  19,809.02 2.58%
Russell 2000 2,234.08 0.18%
TSX  25,360.77 2.56%
Bitcoin $98,295.80 6.40%
Ethereum $2,738.90 -17.75%
US to Canadian Dollar $1.42 -1.35%
  1. Home sales in the U.S. dropped 4.9% in January. Home sales in the U.S. dropped 4.9% in January as high mortgage rates and record prices continued to weigh on affordability, according to the National Association of Realtors. The median home price hit a January record of $396,900—up 4.8% from last year—despite a 17% year-over-year increase in inventory, though supply remains tight at just 3.5 months’ worth. All-cash offers accounted for 29% of sales, first-time buyers remained historically low at 28%, and the market showed a stark divide as sales declined for lower-priced homes but surged nearly 27% for those over $1 million.

  2. The European Commission is set to charge Google with breaching the Digital Markets Act after the company’s proposed changes to its search results failed to address regulatory concerns. The case focuses on whether Google unfairly favors its own services, such as Google Shopping and Google Flights, over competitors. Regulators and rival companies have rejected Google's recent modifications, arguing they are not compliant with the DMA. If found guilty, Google could face fines of up to 10% of its global annual revenue. The charges are expected to be formally issued after separate investigations into Apple and Meta conclude in the coming months.

  3. UnitedHealth Group’s troubles are piling up, with a reported DOJ investigation into its Medicare billing practices, employee buyouts, potential layoffs, and public clashes with billionaire Bill Ackman. The company is also still dealing with fallout from a costly cyberattack and rising medical costs. Shares have plunged 23% in three months, with a 9% drop on Friday following news of the probe. UnitedHealth has denied wrongdoing, calling the allegations “outrageous and false.” Analysts warn the investigation could be a long process, adding further uncertainty to the healthcare giant’s already turbulent year.

  4. Headlines

    1. The Senate has adopted a $340B budget, which boosts funding for President Trump’s policies, including immigration enforcement, energy production and military spending.

    2. Coinbase says the SEC has dropped its case against the exchange.

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