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Top Headlines: Delivered by Leonard Steinberg

September 20, 2024

01  Home-price gains in the U.S. slowed in June as buyers pulled back from the market while listings started to climb. The S&P CoreLogic Case-Shiller rose 5.4% from a year earlier, compared to a 5.9% annual increase in May.

02  "Failure is more the result of randomness than human error."

– Marc Andreessen, co-founder of the venture capital firm Andreessen Horowitz

03  Since 1980, rents have risen 1.27% faster than inflation in the U.S.

(FT)

04  Peggy Porschen’s pink Belgravia bakery in London cemented itself as Instagram catnip in 2016 after it sprouted faux cherry blossoms, abundant foxgloves and roses to celebrate that year’s RHS Chelsea Flower Show......the faux floral facade gained momentum in 2020 when outdoor dining during Covid required outdoor design. The trend keeps going....

(FT)

05  Last year, Boston Consulting Group, Harvard Business School, and Wharton released a study that compared two groups of BCG consultants — those with access to AI and those without. The consultants with AI completed 12% more tasks and did so 25% faster. They also produced results their bosses thought were 40% better. Consultants are thought partners, and AI is Super Soldier Serum.

(Scott Galloway)