This developer is happy that new home construction is falling | CNN Business

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David O’Reilly, CEO of the real estate developer Howard Hughes Corp., told CNN that he’s “cautiously optimistic” that the residential housing market is rebounding

Mortgage applications fell in late February to a 28-year low, according to the Mortgage Bankers Association. But some of the country’s largest homebuilders are undeterred. after a downturn in the second half of 2022. Before the Bell spoke with O’Reilly about Howard Hughes Corp\n \n . and his outlook for the market. This interview has been edited for clarity. Recent data point to doom and gloom for the housing market.

Jobs, Powell and Biden: What investors are watching this week ▸ It’s all about the labor market this week as a slew of jobs data for February is set to be released. Last month’s massive surprise — 517,000 jobs were added to the US economy when economists were expecting 185,000 — sent the stock market reeling. Investors are hoping that numbers fall back down to earth to help cool the economy and inflation along with it.

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CNN anchor Kasie Hunt gives birth in surprise 13-minute labor | CNN BusinessCNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to the world last week in an unforgettable way. Congrats! Yay Kasie!!! The day of unveiling the truth is near!
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Despite toxic disaster, railroads still want single-person crews | CNN BusinessThe nation's major freight railroads have long desired to have only one crew member, a lone engineer, in the cab of their locomotives. And that desire hasn't changed despite the derailment of a Norfolk Southern train on February 3 that released toxic chemicals into the air, water and soil of East Palestine, Ohio, that is still being cleaned up. 1st time I hear about a 1 person crew idea lmao, now try telling me their profits aren’t above safety there Y . . ASK FOR 2 POLISH Sus btw
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Tesla recalls almost 3,500 Model Y cars for loose bolts | CNN BusinessThe loose bolts could cause the seat belts to not work properly in a crash, “which may increase the risk of an injury for occupants seated in affected second-row seating positions,” the National Highway Traffic Administration said. elonmusk said the robots responsible for the loose bolts claimed their AI made them do it. My VW Polo had a recall for something very similar on the middle, rear seatbelt. I was advised not to use the middle seat for 4 Months until they had the part in. Didn't make the news funnily enough... Musk will want to tighten the bolts online.
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Video: Here's how US presidents would look with a mullet | CNN BusinessSee all of America's presidents sporting mullets. Who wears it best? mullet uspresidents alabamanewsnetwork
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Passenger dies after severe turbulence on private business jet, aviation officials say | CNNOne person died as a result of severe turbulence on a private business jet that was diverted to the Bradley International Airport in Windsor Locks, Connecticut, on Friday, according to aviation officials. Were they wearing seat belts? Business deal murder 😔
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