According to the US Census Bureau, new home sales surged to 8.8% month-over-month in March as a persistent shortage of pre-owned homes remains. With current mortgage rates increasing and supply and demand for housing still high, current homeowners seemed to be locked in, causing prospective new homeowners to look elsewhere.
Investors are ramping up their exits from Cathie Wood's ARK after an epic 72% decline in her flagship fund There are many more companies beyond Nvidia that will see their stocks soar on the promise of AI, Goldman says.Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says
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