Record July surge drives US home prices to new highs
The S P CoreLogic Case Shiller index shows a 19.9 percent year over year jump in July across 20 cities, led by Phoenix San Diego and Seattle with widespread gains in 17 of 20 markets though Chicago remains softer. Existing home sales rise 16 percent year to date 2021 versus last year with 87 percent of homes selling in under a month amid cooling signals as buyers grow cautious and fewer waive inspections.
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September 2023 S&P 500 Marks Weakest Month Since 2020
The S&P 500 dropped 3.3 percent in September amid inflation worries and COVID-19 uncertainty. Investors watch Washington as Democrats and Republicans argue over extending the debt limit and funding the government into December. The quarter faces a slim 1.6 percent gain, the smallest since the early pandemic period.
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Britain deploys troops to ease fuel crisis
Britain moves reserve tanker fleet to deliver gasoline as lines lengthen and pumps run dry. Kwasi Kwarteng says civilian drivers will run the reserve fleet and soon troops will operate fuel tankers, addressing a shortage of up to 100,000 drivers amid pandemic disruptions and post Brexit departures.
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