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- 🚀 Home Sales Increase
🚀 Home Sales Increase
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Market Overview
Read time 1.4 minutes
Year To Date Performances:
Dow Jones | 40,795.69 | 8.17% |
S&P 500 | 5,616.51 | 18.42% |
Nasdaq | 17,891.72 | 21.17% |
Russell 2000 | 2,160.46 | 7.34% |
TSX | 23,020.22 | 10.29% |
Bitcoin | $60,627.70 | 43.37% |
Ethereum | $2,615.78 | 14.67% |
US to Canadian Dollar | $1.36 | 2.83% |
Sales of previously owned homes increased by 1.3% in July, marking the first rise in four months, with an annualized rate of 3.95 million units, according to the National Association of Realtors. Despite this modest gain, sales were still 2.5% lower than the same period last year, with the Northeast leading in both sales and price increases. The uptick in sales occurred despite higher mortgage rates earlier in the summer, and while inventory grew nearly 20% year-over-year, home prices continued to climb. First-time buyers made up 29% of the market, with overall demand beginning to recover as interest rates edge lower.
President Donald Trump announced the upcoming launch of "The DeFiant Ones," a crypto platform by the Trump Organization, via Truth Social, marking his first direct promotion of the project. Trump, positioning himself as a champion of decentralized finance, aims to challenge traditional banking systems, a move that aligns with his evolving pro-crypto stance. The platform, teased by his sons Eric and Donald Jr., promises "digital real estate" and could potentially tokenize real-world assets. This initiative coincides with Trump's efforts to regain momentum in his presidential campaign, emphasizing his shift from previous skepticism to embracing the crypto industry, which has already garnered him significant financial support.
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Headlines
Peloton reported its first sales increase in nine quarters as the company begins to stabilize following significant financial struggles.
WeRide has postponed its IPO in the US due to a failure to submit the necessary documents.
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Onwards and Upwards,
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