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1 Article
Source: Common Domain

Eight cities on the verge of a housing bubble — and not one of them is in the U.S.

Today 00:36 GMT

UBS’s 2017 Global Real Estate Bubble Index lists the cities whose housing markets are at greatest risk of becoming bubbles that could eventually deflate, or worse.

In fact, none of the eight cities that rank as top bubble risks are in the U.S.:. No. 1 on the bubble-risk list is Toronto, where housing prices have risen 50% over the past five years. San Francisco’s score in the UBS index is pulled out of bubble territory by the city’s “strong economic fundamentals amid the astonishing boom of tech companies,” according to UBS.

1 Article
Source: DW

Britain's anti-EU UKIP party ousts latest leader Henry Bolton

Today 00:36 GMT

Members of the UK Independence Party (UKIP) have voted to sack their latest leader Henry Bolton after only five months in charge.

The anti-EU UKIP party removed leader Henry Bolton following criticism of his leadership and a scandal about racist comments made by his lover. At an extraordinary general meeting in the central English city of Birmingham, activists voted by 867 to 500 ballots to endorse a no confidence vote.

1 Article
Source: Common Domain

Shake Shack: The Plot, Like a Concrete, Thickens

Saturday 17:16 GMT

For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

• Shake Shack (SHAK) directed investors toward flat-same store sales for the year, including December price increases, for example—and another slide in average unit volume and what it calls “Shack-level operating profit margins,” a nonstandard accounting shorthand. (The current storecount is at roughly 90 company-owned, and 70 licensed, shacks.)

1 Article
Source: Common Domain

Apple: How a New iPhone Lineup Could Shake Up Sales

Friday 21:54 GMT

This is no longer about maximizing unit sales, since given iPhone penetration rates, we don’t think there’s much Apple could do at this point to substantially grow iPhone units.

If Apple makes some of the changes in its iPhone lineup many expect, it could boost its average selling price and total phone revenues substantially if shipments grow 1.4%, according to Raymond James. According to a Friday note, based on assumptions about Apple’s (AAPL) lineup and the price that would go with it: We view Apple’s pricing strategy to be aimed at maximizing operating profit against the backdrop of somewhat mature iPhone unit demand.

1 Article
Source: CBS News

Buying a house Mortgage rates are near a 4-year peak

Saturday 13:36 GMT

Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 4.38 percent this week, up from 4.32 percent last week.

Bankrate's forecast calls for rates on the 30-year, fixed-rate mortgage to climb above 5 percent, then pull back to finish the year at 4.5 percent. "The first home I bought in the '80s was at double-digit interest rates," said Mark Hamrick, senior economic analyst at Bankrate.com.

1 Article
Source: Common Domain

It’s time to invest in what is not hot

Saturday 13:36 GMT

He has appeared on CNBC and FOX News, and has been published in the Wall Street Journal, Barron’s, Forbes, Investors Business Daily and USA Today.

CNBC, Feb. 7. Here is one trade that probably presents less risk and more upside potential regardless of what the broader market does.

1 Article
Source: Common Domain

Why Equifax stock could be a better bet than Apple in 2018

Saturday 01:32 GMT

That’s because Equifax EFX, +2.74%  — at least according to a list from 24/7 Wall Street — is the most hated company in America right now, while Apple AAPL, +3.36%   is on Fortune magazine’s recently-released list of most admired companies.

Equifax jumps over this hurdle, as I reported last fall: Teal Linde, editor of the Linde Equity Report, recommended Equifax soon after its stock plummeted in the wake of the data breach.

1 Article
Source: Common Domain

U.S. Housing Inventory Sinks in January

Friday 21:53 GMT

In a Redfin survey, 21% of respondents said they would look for a less expensive home in the face of rising interest rates, and 6% said they would stop their search if mortgage rates rise about 5%.

America’s housing shortage continues to spiral—with the number of homes for sale nationwide dropping 14.4% year-over-year in January, according to a report Thursday from Redfin. It was the largest year-over-year decline since U.S. supply began falling every month 28 months ago.

1 Article
Source: NBC News

In Houston, outrage over a school arrest that landed a student in immigration detention

Friday 21:52 GMT

The Houston school district is under fire after a student without legal status ended up in immigration detention following his arrest by a school police officer for an altercation with a female student.

Outrage over the youth's detention has forced the Houston Independent School District to make clear that it did not turn Rivera over to Immigration and Customs Enforcement or call ICE. The district said in a written statement Wednesday it does not use district resources "to assist in deportation actions and we do not report students to ICE.". "Our superintendent and administration remain steadfast in the district’s commitment to educating every student regardless of their immigration status.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte