In February, 667,000 new homes were sold in the United States. Their number compared with January increased by 4.9%, the country's Department of Commerce reported. The February figure was the highest since March 2018 due to the increased availability of housing for a wider range of Americans due to lower mortgage rates. According to economists, in February a less significant growth was expected - up to 620 thousand houses. On average, the selling price of a new home was $315,300. The decrease in the indicator relative to the same month a year earlier was at the level of 3.6% In February, 340 thousand new buildings were put up for sale in the US market against 342 thousand in the previous month.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...