Front Row at the Revolution

Most Americans Can't Afford New Homes Most Americans can’t afford a new home. A new analysis from the National Association of Home Builders (NAHB) shows that 65% of U.S. households are priced out of newly built homes, based on current prices and mortgage rates. In some parts of the country, the situation is even more extreme. More than 80% of households can’t afford a new home, highlighting how widespread the affordability gap has become. This map, via Visual Capitalist's Dorosthy Neufeld, shows where Americans are being priced out and where barriers to homeownership are highest. Ranked:...

CXMT Becomes China's Most Valuable Company As UBS Calls Apple Sourcing Report A "Key Catalyst" Shares of ChangXin Memory Technologies (CXMT), China's top DRAM maker, surged 12% to a record 61.80 yuan on Monday, lifting its market capitalization to 4.13 trillion yuan. The upside is because reports that Apple is considering using CXMT memory chips, alongside continued momentum across chip stocks following last week's gains in SanDisk and Micron.  UBS analyst Jason Milao, who covers CXMT (now China's most valuable company) with a "Buy" rating and a 70 yuan price target, wrote...

The Pentagon is considering renaming the war with Iran from “Operation Epic Fury” to “Operation Sledgehammer” if President Trump decides to restart the full-scale bombing campaign against Iran, NBC News reported on Tuesday. Sources also told NBC that the US currently has more firepower in the region before the US and Israel launched the war […]