Chicago Approves 19% Hotel Tax To Fund Tourism Push

US New Home Sales Tumbled In April As Prices Soared With Case-Shiller reporting existing home price declines in half of America's largest cities, and after two straight months of rip-roaring demand, NAR reports that New Home Sales in April tumbled 6.2% MoM (almost twice as bad as the 3.2% MoM decline expected). March's 7.4% MoM spike was revised down bigly to just +3.4%, all of which left new home sales down  Source: Bloomberg Overall, new home sales have really gone nowhere for four years... It seems lower mortgage rates did nothing to help new...

Apollo's President Warns AI Is Coming For Professional Services Jobs Next First AI came for Software, disrupting its various offshoots and sparking a brutal bear market at the start of the year before a powerful squeeze sent software stocks surging in recent weeks. Now, it's the turn of professional services, including law firms, accountancies and consulting firms, which according to Apollo’s co-president, Scott Kleinman are likely to be the next sector to face disruption from artificial intelligence. Investors have had their worries focused on the software sector, and the extent to which AI...