Keeping Track Of The Economy: 10 Stories You Need To Read Today
From the largest technology-focused fund ever raised to first-time homebuyers losing out, here are the 10 economic stories you need to read today.
Read more at: https://www.bisnow.com/national/news/economy/bisnow-economy-watch-10-must-reads-from-todays-markets-57257?utm_source=CopyShare&utm_medium=Browser
Read more at: https://www.bisnow.com/national/news/economy/bisnow-economy-watch-10-must-reads-from-todays-markets-57257?utm_source=CopyShare&utm_medium=Browser
1. Vista Equity Partners sets a $10B upper limit for its sixth flagship buyout fund, making it one of the largest technology-focused funds ever raised. [WSJ]
2. For the second month counting US factory production rose, largely due to increasing demand for business equipment—suggesting US manufacturing may have stabilized. [Bloomberg]
3. Homebuilding also rose, climbing to its highest level since September after construction of single-family homes surged 5.2% from January. [WSJ]
4. Yet despite that growth, first-time house hunters are losing out in the busy US homebuying season as competition often drives prices up 10% or more. [Bloomberg]
5. But consumer prices fell in February—in part due to slipping gas prices—but other signs point to building inflation pressures, which should reassure the Fed as it thinks about raising rates. [WSJ]
6. This week the Fed will finally clarify where they stand on the outlook for interest rates, here's what to look for when the Fed breaks its silence. [Bloomberg]
7. But don't let rate hikes scare you away from REITs—even though they couldn't repeat their stellar 2014 performance last year, REITs still outperformed the broader market. [Nasdaq]
8. Maybe this should scare you—Valeant (VRX) stock crashed 51% after the drugmaker not only couldn't reassure investors it's getting back on track, but went on to admit it's in danger of defaulting on its debt. [LAT]
9. Moving over to China, Premier Li Keqiang says the country has a difficult, yet doable, task ahead—avoid mass unemployment from the country's failing mines and factories as it cuts back on the current overproduction of coal and steel. [NYT]
10. And the Chinese JE Group snatches up Hollywood Hills landmark Yamashiro restaurant for a price tag approaching $40M, marking the group's first US acquisition. [LAT]
