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A Richcession Isn t Happening As the Ultra-Rich Keep Spending Big

The top 1% are even richer and spending more than ever. You can thank rising stock prices and YOLO spending culture for that.

S economy and marketsConsumer spendingSpending trendsPandemic savingsTop 1Stock market returnsEnnifer sor

Soaring Home Prices Means First-Time Buyers Need to Earn 13% More

The average starter home cost $243,000 in June, up 45% from the average price before the pandemic, according to Redfin.

Freddie macSheharyar bokhariTerms of serviceWall streetSilicon valleyMi exclusiveS housing marketHome pricesS home pricesHousing affordabilityNaffordable housing marketMortgage rates30 year fixed mortgage rateHousing supplyHousing inventoryStarter homes

Michael Cera s Barbie Cameo Spiked Prices for One Vintage Doll

The price for one unboxed Allan doll sold for $410 on eBay on Tuesday, while the price for another Allan doll reached $605 on Friday in an ongoing auction.

Michael ceraTerms of serviceWall streetSilicon valleyMi exclusiveBarbie movieMichael ceraMattel stock priceBarbie dollsEnnifer sor

Real Estate Storm Is Unavoidable, Recession Is Coming: Barry Sternlicht

"I like to say there's a hurricane over real estate right now. We're in a Category 5 hurricane," billionaire investor Barry Sternlicht warned.

Barry sternlichtUs economic outlookRecession outlookReal estateOmmercial real estate crashStarwood capitalReal estate investingFed interest ratesEd inflationEnnifer sor

Putin Promises Free Grain to African Allies After Sending Prices Soaring

Zimbabwe's president said the nation was grateful for Russia's free grain offer, though Zimbabwe is "not in any grain deficit at all."

Central african republicBurkina fasoBlack seaOceans generalSankt peterburgOdes ka oblastEmmerson mnangagwaVladimir putinTerms of serviceSea grain initiativeWall streetSilicon valleyPresident vladimir putinPetersburg russia africaBlack sea grain initiativeBlack sea grain

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