March 19, 2024

Markets Now March 19, 2024

Analysis: Why Zillow is worried about America’s housing market shakeup

Shares of Zillow have dropped nearly 20% since Thursday as investors feared that lower commission rates for agents could lead to less business for the real estate platform.  
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Trump’s New York properties may be on the chopping block soon

Donald Trump doesn’t have the cash he needs to stop the state of New York from seizing his assets. But he’s asking the court, an institution he’s shown little but contempt for up to now, for a bit of mercy.  
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Tradr Joe’s recalls some cashews in 16 states due to salmonella risk

Trader Joe’s is recalling select cashews from stores in 16 states because they may be contaminated with salmonella, the specialty grocer said Sunday.  
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He predicted the ’08 crash. Now he’s betting AI will turbocharge the US economy

Jan Hatzius predicted a soft landing in late 2022, back when many thought a recession was inevitable.  
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Safety regulators probe Ford driver assist features after fatal crash

The National Highway Traffic Safety Administration said on Monday it has opened an investigation into a recent Ford Mustang Mach-E fatal crash in San Antonio, Texas, where authorities suspect an advanced driver assistance system was in use.  
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Biggest fraud in Chinese history? Beijing accuses Evergrande of inflating revenues by $78 billion

Chinese regulators have accused Evergrande and its founder of inflating revenues by $78 billion, putting the insolvent property developer at the heart of the country’s biggest ever financial fraud case.  
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Source: CNN Business

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