Redfin expects home sales to fall through 2023. Sundry Photography/Shutterstock Redfin said it expects home sales to keep falling through 2023, as it laid off 13% of its workforce. US housing companies are “in the jungle” now, its CEO said, as buyer demand falters. Rising mortgage rates and high inflation are key pressures pulling down…
Rivian manufacturing Rivian The electric-vehicle startups Rivian, Lucid, and Canoo released third-quarter results this week. Startups are still scrambling to get cars to customers as production increases. Industry experts remain optimistic after the results. Rivian, Lucid, and Canoo all reported third-quarter earnings this week, and the results make clear that the electric-vehicle startups are still…
Jim “Mattress Mack” McIngvale. Getty/Carmen Mandato American businessman Jim McIngvale, most widely known as ‘Mattress Mack,’ built Gallery Furniture, a succesfull furniture retail chain based in Houston, Texas. The Texas furniture kingpin has also broken gambling records, including winning $75 million in the largest payout in sports betting history. Here’s how McIngvale’s career has evolved…
Kanye West arriving at the Balenciaga show for Paris Fashion Week in October. Jacopo M. Raule/Getty Images For Balenciaga Rolling Stone reports that Kanye West said he was inspired by “skinheads and Nazis.” He reportedly made the “casual remark” while working on a Yeezy collection for Paris Fashion Week. West has been dropped by Adidas…
“Yellowstone”/”Game of Thrones” Paramount Network/HBO “Yellowstone” creator Taylor Sheridan pushed back against the notion it’s a right-leaning series. “I just sit back laughing. I’m like, ‘Really?’” he told The Atlantic in a new profile published Thursday. It’s not the first time he’s contested that “Yellowstone” is a conservative TV show. Paramount Network’s “Yellowstone,” the biggest…
Sam Bankman-Fried. Craig Barritt/Getty Images for CARE For Special Children Sam Bankman-Fried transferred at least $4 billion in FTX funds to Alameda Research earlier this year, sources told Reuters. The money included customer funds as well as those backed by FTX’s native token FTT and shares in Robinhood. The Wall Street Journal reported FTX lent more…
The ’67 by Charge Cars. Charge Cars The ’67 by Charge Cars is a brand-new, electrified take on the 1960s Ford Mustang Fastback. Despite its vintage looks, the ’67 is very much a modern EV with four motors and 536 horsepower. The ’67 is set to hit streets in late 2023 with a starting price…
Getty Images Inflation rose 7.7% year-over-year in October, slowing down from the previous month. This shows the Fed’s aggressive efforts to fight inflation might be working. That’s good news for a potential recession next year that won’t be as bad as many might expect. Even if a recession does come next year, it probably won’t…
Russian President Vladimir Putin attends a wreath laying ceremony marking the 73rd anniversary of the Soviet Union’s victory over Nazi Germany during World War II on May 9, 2018, in Moscow. Mikhail Klimentyev/Getty Images A former Putin advisor likened Russia’s retreat from Kherson to the collapse of the USSR. Sergei Markov, the ex-advisor, said there…
Former President Donald Trump speaks to reporters alongside his wife, former first lady Melania Trump. Joe Raedle/Getty Images Trump said he was sorry to Melania after a report that he’s privately blaming her for faulty election advice. The New York Times reported that Trump is trying to cast the blame on others for his backing…