November 7, 2023

Markets Now 11/07

This is the least affordable housing market since 1984. It’s getting worse

The last time America’s housing market was this unaffordable, Ronald Reagan was in the White House.  
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Meet the guy in charge of deciding how to spend $1.2 trillion from Biden’s infrastructure bill

Mitch Landrieu, senior advisor to President Joe Biden, has been handed an unusual task by the White House: handing out $1.2 trillion to rebuild America’s crumbling infrastructure.  
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Deposit delays: Banks urged to get customers help

The Federal Reserve told CNN on Tuesday officials are urging banks to work with customers hurt by deposit delays caused by an error in a key payment system.  
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UBS posts large loss on costs of Credit Suisse takeover

UBS made a hefty loss in the first full quarter since it closed a deal to rescue Credit Suisse, highlighting the scale of the challenge the bank faces as it absorbs its stricken rival.  
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Walmart is making noticeable changes in every store for morning shoppers. Here’s why

Walmart announced Tuesday that it is making changes to create a calmer shopping experience, at least for a few hours every day in all of its US stores.  
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Yet another CEO goes AWOL in China

The CEO of a Chinese live-streaming service backed by Tencent has become the latest high-flying executive to fall mysteriously silent in the world’s second largest economy.  
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Source: CNN Business

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