US Home Prices Surged More Than 18 Percent in October
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
US Home Prices Surged More Than 18 Percent in October
US Home Prices Surged , More Than 18 Percent in October.
The S&P CoreLogic Case-Shiller 20-city home price index was released on Dec.
28.
It revealed an average increase of
18.4 percent in home prices for October this year.
Phoenix, AZ, had the steepest increase in home prices, with an uptick of 32.3 percent.
Tampa and Miami followed Phoenix with 28.1 and 25.7 percent increases, respectively.
.
Minneapolis and Chicago experienced the smallest increase with an uptick of 11.5 percent for each city.
Economists had been expecting an increase in line with what the S&P data revealed.
While analysts believe the increase likely is reflective of hopes for a receding COVID-19 pandemic.
They also stated that the reasons behind the significant increase are complex.
We have previously suggested that the strength in the U.S. housing market is being driven in part by a change in locational preferences as households react to the COVID pandemic.
It is also unclear if these increases are long-term or reflective of a boom in the housing market.
More data will be required to understand whether this demand surge represents an acceleration of purchases that would have occurred over the next
several years.., Craig Lazzara, S&P Dow Jones Indices, via CNBC.
... or reflects a more permanent secular change, Craig Lazzara, S&P Dow Jones Indices, via CNBC.
Mortgage rates continue to slide downward, .
Perhaps as a reflection of increased uncertainty over Omicron and other COVID-19 variants
Biden Announces Deal With Taiwan’s TSMC , to Ramp Up US Chip Production.
On April 8, the White House said that it has reached an agreement with TSMC to help build new semiconductor manufacturing facilities in Arizona, 'The Hill' reports. .
The Biden administration will
provide up to $6.6 billion in funding
via the CHIPS and Science Act.
The president said that the money
will “support the construction of
leading-edge semiconductor manufacturing facilities right here in the United States.” .
Funding would also go toward
training local workforces at the new facilities.
A year and a half ago, I toured
the site of TSMC’s first new
fab in Phoenix, Arizona, President Joe Biden, via statement.
TSMC’s renewed commitment
to the United States, and its
investment in Arizona.., President Joe Biden, via statement.
... represent a broader story for
semiconductor manufacturing that’s
made in America and with the strong
support of America’s leading technology firms
to build the products we rely on every day, President Joe Biden, via statement.
America's ability to produce its own microchips remains a key area of concern for Biden.
The CHIPS and Science Act, which was passed
with bipartisan support in 2022, is intended to
make the U.S. less dependent on foreign suppliers.
The White House has also made
agreements with Intel, GlobalFoundries
and Bae Systems, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
Krispy Kreme to Be Sold , at McDonald’s Nationwide.
Krispy Kreme to Be Sold , at McDonald’s Nationwide.
Both food chains made the announcement
on March 26, CNBC reports. .
The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide. .
That's because Krispy Kreme will have
to "more than double its distribution"
to meet demand, CNBC reports. .
We think we can service about
6,000 restaurants with our existing
infrastructure, mostly doughnut
shops, which have excess capacity, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Shares of Krispy Kreme jumped 22%
following the announcement.
Krispy Kreme is also expanding distribution
to grocery and convenience stores.
That means that the overall efficiency
and productivity of our distribution network will significantly improve over time, not just
because of all those local deliveries. , Krispy Kreme CEO Josh Charlesworth, to CNBC.
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonald’s
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonald’s
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Two Telangana students, Nivesh Mukka and Goutham Kumar Parsi, aged 19, tragically perished in a road accident in Arizona, USA. Both studying computer science engineering at Arizona State University, they were returning home when their vehicle collided head-on with another car. The families urge Indian government assistance to repatriate their bodies. The incident underscores safety concerns for Indian students abroad.
#indianstudentus #indianstudentsusa #indianstudentsinusatelugu #indiastudentusa #indianstudentsinusadeath #indianstudentsinusauniversities #NiveshMukka #GouthamParsi #ArizonaStateUniversity #Oneinda #Oneindia news
~HT.99~PR.152~ED.155~
Kelly Clarkson is opening up about her difficult pregnancy journey on her talk show amid Arizona's near total abortion ban. Clarkson brought on Hillary Clinton as a guest on her recent episode and discussed Arizona Supreme Court decision to allow the state to prepare to enforce a near-total abortion ban based on an 1864 law. Clarkson then shared that she was hospitalized during both of her pregnancies and feared losing her life.
Credit: The Hollywood Reporter Duration: 01:44Published
The family home where Captain Sir Tom Moore raised millions for the NHS during the COVID pandemic by walking 100 laps of the garden is up for sale for ÂŁ2.25m. Sky News
WHO consultation proposes 'through the air' descriptor for disease transmission, aiming to clarify pathogen transmission methods. Experts like Dr Neeraj Nischal.. IndiaTimes
These Foods Will Either
Boost or Drain Your Energy.
As the COVID-19 pandemic drags on, it can be a struggle to maintain consistent energy levels throughout the day.
While a cup of coffee can provide a
much-needed boost of energy, experts say eating the
right food is actually a better option. .
Here are 10 foods that'll either boost or drain your energy,
according to three registered dietitian nutritionists. .
1. Black Beans
(Energy Booster) .
2. Caffeine/Energy Drinks
(Energy Drainer).
3. Bananas
(Energy Booster).
4. Candy
(Energy Drainer).
5. Eggs
(Energy Booster).
6. Steak
(Energy Drainer).
7. Water
(Energy Booster).
8. Fruit Smoothies
(Energy Drainer).
9. Pistachios
(Energy Booster).
10. Low-Calorie
Frozen Meals
(Energy Drainer)
Credit: Wibbitz Top Stories Duration: 01:30Published
US Life Expectancy on the Rise , Following Pandemic Decline, CDC Report Says.
According to the latest federal
mortality data, life expectancy in
the United States increased in 2022. .
The report published by the Centers for
Disease Control and Prevention's National Center for Health
Statistics (NCHS) raised life expectancy to 77.5 years.
The report published by the Centers for
Disease Control and Prevention's National Center for Health
Statistics (NCHS) raised life expectancy to 77.5 years.
The positive change comes after two
years of decline following the pandemic.
The positive change comes after two
years of decline following the pandemic.
While life expectancy has yet to reach
pre-pandemic levels, 2022 showed
an increase of 1.1 years compared to 2021.
2022 ended up recording 3.27 million
deaths in the U.S., which was
184,374 fewer deaths than the year before.
According to the report, heart disease
and cancer remained the two most
prevalent causes of death in the U.S. .
According to the report, heart disease
and cancer remained the two most
prevalent causes of death in the U.S. .
COVID-19 dropped to fourth on
the list, and unintentional injuries
took over the number three spot.
COVID-19 dropped to fourth on
the list, and unintentional injuries
took over the number three spot.
ABC reports that both males and
females saw approximately the same
increase in life expectancy from 2021 to 2022.
Over the same period of time,
the death rate decreased
for nearly every age group. .
Another NCHS report found that rates of
drug overdose deaths from synthetic opioids
increased by 4.1% between 2021 and 2022.
Credit: Wibbitz Top Stories Duration: 01:30Published
Ryan Garcia is living like a king in Miami after his massive win over Devin Haney ... and it appears he's now holding queen auditions, 'cause the boxing.. TMZ.com
Don't stick a fork in Larcus after all ... Larsa Pippen and Marcus Jordan look like a couple once more -- as they were seen getting close Wednesday on a beach.. TMZ.com
Dozens of families from Mexico, Argentina, Colombia and Venezuela have chosen Madrid as a residential and investment destination, transforming the real estate, cultural and leisure fabric of the Spanish capital.
Credit: euronews (in English) Duration: 02:14Published
Homes Linked to Diddy , Are Raided by Federal Officials.
HSI New York "executed law enforcement actions
as part of an ongoing investigation with assistance
from HSI Los Angeles, HSI Miami and our local law enforcement partners" on March 25, authorities said.
Sean "Diddy" Combs does not own the home in Los Angeles, but the mansion has ties with his company, Bad Boys Film Production.
The Miami residence, however, was bought
by Combs in 2021, NPR reports. .
Phones belonging to Combs
were seized by Homeland Security
officials in Miami prior to the 54-year-old
attempting to board a flight to the Bahamas.
The motive for the raids has not been made clear, .
but they follow a lawsuit alleging that Diddy leads an enterprise that could be considered a "widespread and dangerous criminal sex trafficking organization.".
I drive by a lot, and I see that — a lot of girls, maybe five or six girls outside, some leaving, some not, some going in. I never thought anything of it. But now, it’s crazy, Ryan Mendelsohn, 20, who used to live
in and still frequents the area, via NBC News.
The rapper and producer has also been accused
of the "solicitation and distribution of illegal narcotics and firearms," NBC News reports. .
That suit follows other claims of sexual misconduct, assault, sex trafficking and rape, most notably put forth by Combs' ex-girlfriend, Cassie Ventura. .
Producer Rodney "Lil Rod" Jones has also
sued Diddy for alleged sexual assault.
Credit: Wibbitz Top Stories Duration: 01:30Published
These 5 US Cities Have the , Fastest-Rising Home Prices.
'Newsweek' reports that five cities in the
United States saw home prices increase by more
than 8% between January 2023 and January 2024.
The S&P CoreLogic Case-Shiller National Home Price
Index showed that all 20 cities analyzed had year-
over-year increases during the same period of time.
According to the report, , these are the five cities where , home prices grew the fastest:.
Chicago, IL, Home prices increased by 8%
year-over-year in the Windy City.
According to the latest Redfin data, the median sale price of a house in Chicago was $335,000 as of February 2024, a 6.3% increase compared to the same time last year.
Charlotte, NC, Charlotte saw home prices increase
by 8.1% year-over-year for 2024,
with the median home price at $399,995.
Detroit, MI, Motor City saw home prices jump 8.3%. The median sale price of a home was $83,000, a significant 15.3% increase compared to 2023.
'Newsweek' reports that while Detroit has some of the cheapest
home prices in the nation, its housing market is seeing a
resurgence due to a boom in electric vehicle production.
'Newsweek' reports that while Detroit has some of the cheapest
home prices in the nation, its housing market is seeing a
resurgence due to a boom in electric vehicle production.
Los Angeles, CA, The city's 8.6% hike ranked as the second-highest
price increase in the nation with the median home
price at $975,000, a 5.9% increase year-over-year.
San Diego, CA, San Diego registered a whopping 11.2%
price increase for 2023 with the median sale price
sitting at $940,000, a 10% year-over-year increase.
Credit: Wibbitz Top Stories Duration: 01:31Published
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
Lollapalooza 2024 , Headliners Announced.
Lollapalooza 2024 , Headliners Announced.
Headliners for the annual Chicago
festival were announced on March 19.
They are Blink-182, Future, Hozier.
They are Blink-182, Future, Hozier.
They are Blink-182, Future, Hozier.
the Killers, Melanie Martinez, Metro Boomin.
the Killers, Melanie Martinez, Metro Boomin.
the Killers, Melanie Martinez, Metro Boomin.
Skrillex, Stray Kids, SZA and Tyler, the Creator. .
Skrillex, Stray Kids, SZA and Tyler, the Creator. .
Skrillex, Stray Kids, SZA and Tyler, the Creator. .
Skrillex, Stray Kids, SZA and Tyler, the Creator. .
Other big-name performers
include Deftones, Killer Mike.
Other big-name performers
include Deftones, Killer Mike.
Kesha, Renee Rapp, Kenny Beats.
Kesha, Renee Rapp, Kenny Beats.
Kesha, Renee Rapp, Kenny Beats.
Pierce the Veil, Zedd, Victoria Monet,
Vince Staples and more.
Pierce the Veil, Zedd, Victoria Monet,
Vince Staples and more.
Pierce the Veil, Zedd, Victoria Monet,
Vince Staples and more.
Pierce the Veil, Zedd, Victoria Monet,
Vince Staples and more.
This year, the festival will take place
from Aug 1-4 in Grant Park. .
Presale begins March 21 at 10 a.m. Ticket prices
will increase at noon when the public sale begins.
The cost of a 4-Day General
Admission Ticket starts at $385
Credit: Wibbitz Top Stories Duration: 01:30Published
St. Patrick's Day
by the Numbers.
Everyone can be
Irish for a day on March 17.
In the U.S., St. Patrick's Day
has evolved into a reason to
celebrate your Irish heritage.
On average, 13 million pints of Guinness
are served on March 17.
Chicago has a famous tradition
of dyeing its river green.
The tradition started in 1942,
and takes 40 pounds of dye.
Boston is a great place to
celebrate with its annual parade.
It is the most Irish city in the U.S.,
with 20.4% of its citizens are of Irish ancestry.
79% of celebrators plan to wear green.
Credit: Wibbitz Top Stories Duration: 00:56Published
7 , St. Patrick's Day Traditions:, Explained.
Everyone is Irish on St. Patrick's Day,
but why are these traditions so significant?.
1. St. Patrick.
Patrick was an Irish missionary who
was kidnapped as a child and
brought to Ireland. March 17 is
believed to be the day of his death.
2. The Green River
in Chicago.
The Chicago River has been
traditionally dyed green for over 50
years. The color green is derived
from the green strip in the Irish flag.
3. Parades.
The first St. Patrick’s Day parade
in the U.S. was in 1762. They allow
people to proudly celebrate their
Irish-American identity.
4. Shamrocks.
Shamrocks used to be worn by the
Irish in defiance of the ruling British
class and to represent kinship
among the native people.
5. Drinking Guinness.
This Irish stout is the drink
of choice on St. Patrick's Day,
with about 13 million pints
consumed on the holiday.
6. Leprechauns.
These little green men come from
8th century Irish folklore. They were
said to make shoes and wreck
havoc on unsuspecting humans.
7. Corned Beef
and Cabbage.
This tradition was begun by poor
Irish-Americans of the 19th century.
Corned beef and cabbage were
the affordable option
Credit: Wibbitz Top Stories Duration: 01:34Published
California Could Get up to 10 Feet of Snow , as Blizzard Approaches.
A blizzard will reach the Sierra Nevada on the night of Feb. 29 and last until March 3, NBC News reports. .
The storm's peak could bring
1 to 2 inches of snow per hour.
Wind gusts up to 100 mph are also possible.
Donner Pass could see up to 10 feet of snow, while Blue Canyon could accumulate as much as 7 feet. .
Lake Tahoe is forecast to get 3 to 6 feet of snow, and Pollock Pines could get up to 3 feet. .
Up until now, below average snowfall
has accumulated in the Sierra,
leading to as much as an 8-foot deficit.
This storm has the potential to
set a new record, NBC News reports.
It could also create a surplus in
areas where there are deficits. .
Experts are warning about the
possibility of avalanches, "especially
in the backcountry," NBC News reports. .
Meanwhile, states to the east
are experiencing record warmth.
Cities that have experienced their
warmest February on record include
Albany, Chicago, Des Moines, Fargo.
Cities that have experienced their
warmest February on record include
Albany, Chicago, Des Moines, Fargo.
Green Bay, Little Rock, Milwaukee, Minneapolis, St. Louis, Syracuse and Tulsa. .
Green Bay, Little Rock, Milwaukee, Minneapolis, St. Louis, Syracuse and Tulsa. .
Green Bay, Little Rock, Milwaukee, Minneapolis, St. Louis, Syracuse and Tulsa.
Credit: Wibbitz Top Stories Duration: 01:30Published
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