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Housing Market's Crucial "Spring Selling Season" Is In Tatters
Housing Market's Crucial "Spring Selling Season" Is In Tatters
Authored by Wolf Richter via Wolf Street,
Late last year and early this year, the story was that dropping mortgage rates, powered by big rate cuts from the Fed, would unleash demand in the housing market in the spring – the key spring selling season – and that sales volume would take off and that Realtors’ commissions would rocket to the moon.
And so that didn’t happen. Inflation has been reheating for months before the war and before the energy price spike. The...
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May 17, 2026 / Tyler Durden
Audemars Piguet x Swatch's Affordable Watch Launch Sparks Lines Across World
Audemars Piguet x Swatch's Affordable Watch Launch Sparks Lines Across World
Luxury watchmakers Audemars Piguet and Swatch have done the unthinkable: unveiling a new, affordable collaboration aimed at younger buyers, with prices ranging from $400 to, of course, $420.
Called the "Royal Pop," the affordable handheld watch inspired by pop art is clearly a mass-market move aimed at stimulating the Swiss watch market after muted activity over the last few years, following the massive run-up fueled by cheap money during the pandemic.
Keep in mind that the average Audemars Piguet watch...
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Oct 26, 2026 / Tyler Durden
Can Undersea Volcanoes Power Cities? A Seattle Startup Just Took The First Step
Can Undersea Volcanoes Power Cities? A Seattle Startup Just Took The First Step
Authored by Haley Zaremba via OilPrice,
A geothermal startup aiming to source energy directly from undersea volcanoes just hit a major milestone that could bring round-the-clock clean energy to cities on the northwest coast of the United States and serve as a critical proof of concept for other regions, with particular relevance for the other 14 countries situated along the Pacific Ring of Fire.
Seattle-based energy startup Endurance Energy just announced that it successfully created net-positive energy from its...
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Jul 3, 2026 / Tyler Durden
Futures Rebound With Cash Markets Closed; Gold, Bitcoin Jump
Futures Rebound With Cash Markets Closed; Gold, Bitcoin Jump
While US cash markets are closed for the July 4th holiday, stocks around the world rebounded from yesterday's momentum rout as the latest round of jitters about the AI trade subsided, with Europe’s benchmark rising to an all-time high. S&P futures rose 0.3% and Nasdaq 100 futures rebounded 1.2% in thin holiday trading after South Korean memory giants SK Hynix and Samsung Electronics recovered, helping to drive a 2% rally in Asian shares after earlier tumbling with SK Hynix plunging as much as 30% from its all...
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