November 17, 2023

Markets Now 11/17

Volvo’s shares crash to all-time low as China’s Geely cuts stake

Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value.  
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Analysis: Homebuilder stocks could get another boost from rate hikes ending

For the past year, the red-hot housing market has been at the mercy of the Federal Reserve’s punishing pace of rate hikes that’s driven mortgage rates to sky-high levels.  
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Analysis: With antisemitic tweet, Elon Musk reveals his ‘actual truth’

Elon Musk has publicly endorsed an antisemitic conspiracy theory popular among White supremacists: that Jewish communities push “hatred against Whites.”  
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Analysis: What America’s shoplifting panic is really about

Public anxiety over shoplifting is an enduring phenomenon and is often a stand-in for larger concerns of cultural, economic or political changes  
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Gas prices are tumbling, just in time for Thanksgiving

Slug: oil refinery 08282023  
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Award-winning Nigerian architect is redefining identity and culture

Tosin Oshinowo is reshaping architectural landscapes through her unique approach that prioritizes cultural identity and sustainability.  
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Source: CNN Business

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