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- US Banks On The Brink, How To Lose $20 Billion and Trump Booted From Colorado Ballot
US Banks On The Brink, How To Lose $20 Billion and Trump Booted From Colorado Ballot
Anna Eisenberg
December 20, 2023
Anna's Daybreak News
Thursday, 5:18 AM
December 21, 2023
Good morning news friend! Watching the drops of rain cruising by my window while I am here sipping a delicious tea makes me feel like it is about time to share the biggest headlines of the day. 📰🌟
U.S. Banks on the Brink: The Sinking Ship of Commercial Real Estate
Small-town American banks are in hot water as office buildings and other commercial properties drop in value.
As a matter of fact, 14% of all the loans for these buildings are worth less than the properties themselves.
Even worse, nearly half of the loans for office spaces are underwater. That's bad news for the banks, since it means people might just walk away from their debts.
How exposed are banks? Experts say that anywhere from a few dozen to over 300 banks could feel the pinch.
Source: Read More
Small-town American banks are in hot water as office buildings and other commercial properties drop in value.
As a matter of fact, 14% of all the loans for these buildings are worth less than the properties themselves.
Even worse, nearly half of the loans for office spaces are underwater. That's bad news for the banks, since it means people might just walk away from their debts.
How exposed are banks? Experts say that anywhere from a few dozen to over 300 banks could feel the pinch.
Source: Read More
U.S. Home Sales Rebound in November
After a long slump, home sales in the U.S. are on the rise again.
November home sales jumped up a bit by 0.8% from October. Experts didn't see this coming, but 3.82 million homes got new owners, beating the forecast of 3.78 million.
Sure, it's still 7.3% less than last year, but prices aren't just sitting still either. They're up 4% to a median of $387,600.
Mortgage rates peaked in late October at a scary 7.79% but have since chilled to 6.95%, and this is tempting buyers to take the leap.
Source: Read More
After a long slump, home sales in the U.S. are on the rise again.
November home sales jumped up a bit by 0.8% from October. Experts didn't see this coming, but 3.82 million homes got new owners, beating the forecast of 3.78 million.
Sure, it's still 7.3% less than last year, but prices aren't just sitting still either. They're up 4% to a median of $387,600.
Mortgage rates peaked in late October at a scary 7.79% but have since chilled to 6.95%, and this is tempting buyers to take the leap.
Source: Read More
Do you think the US will be able to avoid a recession? |
Trump Booted From Colorado Ballot
The Colorado Supreme Court has blocked Donald Trump from appearing on the state's 2024 presidential primary ballot.
They ruled that due to his incitement of the January 6th Capitol attack, he's ineligible to serve as President under the 14th Amendment.
But don't think it's over yet! Trump is gearing up to take the fight to the US Supreme Court.
The ruling isn't in full force just yet; it's on pause until January 4, giving Trump time to appeal.
Source: Read More
The Colorado Supreme Court has blocked Donald Trump from appearing on the state's 2024 presidential primary ballot.
They ruled that due to his incitement of the January 6th Capitol attack, he's ineligible to serve as President under the 14th Amendment.
But don't think it's over yet! Trump is gearing up to take the fight to the US Supreme Court.
The ruling isn't in full force just yet; it's on pause until January 4, giving Trump time to appeal.
Source: Read More
How to Lose $20 Billion
Charles Ergen, once the 24th richest person in America, watched as his Dish Network empire and personal fortune tumbled from $20.1 billion to under a billion due to the rise of streaming services.
Subscriber numbers halved, share prices plummeted, and debt mounted.
Ergen, known for his frugality and legal controversies, bet on an "open radio access network" (O-RAN) technology for 5G that promises cost-efficiency and innovation.
A bold merger and a switch to 5G might be his silver bullet—or his final gamble.
Source: Read More
Charles Ergen, once the 24th richest person in America, watched as his Dish Network empire and personal fortune tumbled from $20.1 billion to under a billion due to the rise of streaming services.
Subscriber numbers halved, share prices plummeted, and debt mounted.
Ergen, known for his frugality and legal controversies, bet on an "open radio access network" (O-RAN) technology for 5G that promises cost-efficiency and innovation.
A bold merger and a switch to 5G might be his silver bullet—or his final gamble.
Source: Read More
Baked with love,
Anna Eisenberg ❤️
What did you think of today's edition? |