Home Sales Slump to 16-Year Low in May

 

Existing home sales in May reached their slowest pace since 2009, declining 0.7% year-over-year, according to the National Association of Realtors. Chief Economist Lawrence Yun attributes the sluggish sales to affordability issues, with median home prices up 52% since 2019 compared to a 30% wage increase. While inventory...

Holcim and Amrize Report Strong 2024 Financial Results

 

Holcim, a leading sustainable construction partner with CHF 16.2 billion in 2024 net sales, and its spin-off Amrize ($11.7 billion revenue), reported strong financial results. Holcim operates in 45 markets globally, offering building materials and solutions. Amrize focuses on North American professional builders, boasting a vast distribution network. ...

Stellantis Appoints Filosa as New CEO Amidst Challenges

 

Stellantis' new CEO, Antonio Filosa, assumes his role amid significant challenges. He succeeds Carlos Tavares, whose tenure saw declining sales and strained relationships with dealers and employees. Filosa, a 25-year Stellantis veteran, is tasked with revitalizing US market performance, streamlining the brand portfolio, and mending damaged relationships. While praised...

Markets shrug off US-Iran escalation, see limited risk

 

Global markets showed mild reactions to the U.S. attack on Iranian nuclear sites, with the MSCI World index dipping only slightly. Analysts largely view the conflict as contained, even potentially bullish for some assets. Safe havens like the Japanese yen weakened, while gold prices fell. Despite the...

Bitcoin Plunges Below $100K Amidst Iran Strikes

 

Bitcoin fell below $100,000 for the first time in a month, dropping 4% to around $99,300 following U.S. airstrikes on Iran. Ether also experienced a significant decline of almost 10%, and the overall crypto market plummeted by 7%. This selloff comes after a year of gains for Bitcoin, fueled...

Bitcoin Rebounds Above $102,000 After Sharp Dip

 

Bitcoin surged past $102,000 after a brief dip below $101,000, fueled by increased trading volume. The rebound followed a post by James Lavish, Managing Partner of the Bitcoin Opportunity Fund, emphasizing Bitcoin's value even amidst geopolitical uncertainty. The price had been range-bound between $100,000 and $110,000 for about...

FedEx Founder Fred Smith Dies at 80

 

FedEx founder and chairman, Frederick W. Smith, passed away at 80. Smith, a Marine Corps veteran, revolutionized global commerce with FedEx, transforming Memphis in the process. His innovative vision, starting with a Yale paper, led to the creation of a global logistics giant that played a crucial role...

Healthcare Job Losses Looming from Budget Cuts

 

Proposed budget cuts to Medicaid and the Affordable Care Act threaten to eliminate nearly 500,000 healthcare jobs over the next decade, according to analyses by George Washington University and the Commonwealth Fund. Reduced funding would lead to fewer patient visits and procedures, impacting hospitals, health centers, and pharmacies. This...

Splitgate 2 Layoffs Follow Disappointing Launch

 

1047 Games, developers of the free-to-play Splitgate 2, have laid off a small number of employees. The decision follows a mixed reception to the game's launch, including criticism of CEO Ian Proulx's Summer Game Fest appearance. Despite the layoffs, 1047 Games affirms its commitment to improving Splitgate 2...

SEGA reveals surprising game sales figures

 

SEGA Sammy's Management Meeting 2025 revealed sales figures for several titles. Sonic Frontiers sold 4.57 million copies, while Persona 5 Royal reached 7.25 million. Sonic Superstars, despite initial concerns, sold 2.43 million, and Shin Megami Tensei 5 sold 2.11 million. Team Sonic Racing totaled 3.5 million sales. ...