Market Update | APR 09

DID YOU KNOW?

Top Headlines: Delivered by Leonard Steinberg

April 09, 2024

01  Over the past 10 years the dollar has strengthened against the Euro by about 22%. And in the past 5 years by roughly 4.5%.

02  "It’s crazy. Why if you build renewables you’ve got to be on the left, and if you build coal or gas you’ve got to be on the right? To me, you build what makes sense to build."

– Michael Polsky, Invenergy who has a pipeline of energy projects valued at about $150 billion including an 18,000 acre solar farm in Northeast Texas.

(WSJ)

03  The vast majority of EV owners—83%—regularly charge at home.

(WSJ)

04  Home flipping has seen a significant decline in viability, plummeting at its fastest pace in 15 years, down 29% in 2023  Factors such as rising property prices, increased competition and a tightening housing market have contributed to this decline. What was once a popular way to generate quick profits in real estate is now more challenging, requiring more capital, expertise and patience to turn a profit.

(FORTUNE)

05  UK mortgage approvals rose much more than expected in February, reaching their highest level since September 2022, as mortgage interest rates fell from their peaks.

(FT)