Home Depot co-founder and billionaire businessman Bernie Marcus isn’t sure he would be able to create the home improvement chain today if he tried given onerous regulations on small businesses and a challenging economic backdrop. “I don’t think so,” Marcus — a well-known proponent of free market capitalism and small businesses — said on a new edition of Yahoo Finance Presents. “I think if we had the regulations that we have today, Home Depot would be a chain of 12 stores. I just don’t… Source link
Read More »US House Prices Are Likely to Drop as Rates Rise, Capital Economics Says
(Bloomberg) — US house prices are likely to fall as mortgage rates exceeding 6% crimp affordability for the average buyer, according to Capital Economics. Most Read from Bloomberg Property prices could contract an annual 5% by the middle of next year, Matthew Pointon, senior property economist, said in a research note Monday. He’d previously projected no change in values by that time. An average household looking to buy a home for the median price will now have to put more than a quarter of… Source link
Read More »Spotify-Joe Rogan backlash widens, but economics back streaming giant’s clout
The growing clamor surrounding Spotify (SPOT) took a new turn over the weekend, with at least two more artists vowing to depart the platform over podcaster Joe Rogan — who the streaming giant backed in a statement. On Sunday, Spotify broke its silence after the company refused to give into Neil Young’s ultimatum to drop “The Joe Rogan Experience” — the most popular podcast on Spotify — over controversies surrounding his stance on COVID-19 vaccinations. The legendary rocker’s music will… Source link
Read More »‘Fat’ 401(k)s causing people to retire early: Oxford Economics
The stock market’s all-time highs are doing wonders for workers’ 401(k)s, with the largest number of 401(k) and IRA millionaires in history, according to Fidelity data. As a result, many people are dropping out of the workforce to retire earlier than planned, turning their backs on a job seeker’s market. The Federal Reserve is letting the economy run especially hot in an attempt to bring back people into the workforce, Oxford Economics’ senior economist Bob Schwartz wrote in a note to… Source link
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