This news article covers various economic and market trends. It highlights the challenges in the U.S. housing market, the difficulties faced by the restaurant industry due to inflation, and Apple's competition with Huawei in the Chinese smartphone market.
The U.S. housing market has strong supply — but that's not necessarily a good sign. Nasdaq-100 futures gained 1%. Still, it's not looking good for the traditional 'Santa Claus rally' — in which stocks usually advance in the five final days of a calendar year and the first two trading days of January — since the averages suffered into the 2024 year-end. Follow It was a tough year for restaurants, as inflation-fatigued Americans stayed home and visits to U.S. eateries broadly fell.
Twenty-six restaurant companies filed for Chapter 11 bankruptcy protection in 2024, and scores of chains closed down locations. Active listings in November were up 12% year over year, largely because houses are staying on the market longer, according to data from Redfin. More than half of the homes listed in November had been up for sale for at least 60 days, the highest share for any November in five years. As one Redfin agent put it: 'A lot of listings on the market are either stale or uninhabitable. There's a lot of inventory, but it doesn't feel like enough.' Apple is facing stiff competition from Huawei in China. Shipments of Apple smartphones fell 6% year over year in China during the third quarter, according to Canalys, while shipments of Huawei devices jumped 24% year over year. In response, Apple is offering discounts of as much as 500 Chinese yuan ($68.50) off its top-line phones in the all-important market around the upcoming Chinese New Year. An incident on Wednesday in the French Quarter of New Orleans killed at least 15 people and injured 30 more
BUSINESS ECONOMY HOUSING MARKET RESTAURANTS TECHNOLOGY
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Logan Square march demands affordable housing from Chicago Housing Authority, landlordsLeaders in Logan Square took to streets to protest on Saturday, accusing the CHA of allowing usable properties to fall into disrepair instead of renovating them and renting them to families languishing on wait lists.
Read more »
Huawei FreeBuds Pro 4: The Earbuds For Audiophiles With Huawei PhonesThe FreeBuds Pro 4 are the first in the industry to offer 48kHz audio at 24 bit resolution — but you need the latest Huawei foldable phone to unlock it.
Read more »
Voices: In Utah, the need for accessible housing is just as great as affordable housing“It’s time we prioritize affordable, accessible housing so anyone, regardless of their physical ability or age, can live with dignity,” write Kristy Chambers and Andrew Riggle.
Read more »
Housing advocates look to multigenerational living as a possible solution to Anchorage housing crunchFinding affordable housing in Anchorage is a challenge, and housing experts are looking for solutions. One idea is making it easier for people to live in multigenerational homes.
Read more »
Denver housing market changes: What to expect in 2025Veronica Acosta joined Denver7 in January 2021 as a reporter.
Read more »
Realtor.com Predicts Balanced Housing Market in 2025For the first time in nine years, Realtor.com projects that the housing market in 2025 will be 'balanced,' with inventory and demand aligning. Expected growth in single-family home inventory by 13.8% and existing for-sale home inventory by 11.7%. President-elect Donald Trump's proposals, such as making more federal land available for homebuilding, could help bolster supply. However, implementation of such policies will depend on cooperation from other branches and levels of government.
Read more »