The Wall Street Journal: Japan’s economy recovers to pre-pandemic level in second quarter

TOKYO — Japan’s economy recovered its pre-pandemic size in the April-June quarter with strong consumer spending after pandemic-related movement restrictions were lifted. The world’s third-largest economy after the U.S. and China expanded 0.5% in the three months to June from the previous quarter. That compares with a flat reading in the previous quarter and consensus […]

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The Margin: The ‘crying CEO’ says, ‘I’m just a small business owner — it’s not like I’ve got a fourth mansion.’

The “crying CEO” said he never intended to become a viral phenomenon. Braden Wallake’s emotional LinkedIn post about having to lay off employees at his Ohio-based marketing-services company became the talk of social media this past week. But Wallake told MarketWatch he was as surprised as anyone that so many people responded to what he […]

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: American attitudes about whether it’s a good time to buy a home just hit the lowest level in a decade, another sign of the housing market’s slowdown

Both prospective home buyers and sellers are backing off from the U.S. housing market, a new survey shows. Their anxiety over higher mortgage rates and a softening market was registered by the Fannie Mae Home Purchase Sentiment Index FNMA, -0.08%, which dropped by 2 points in July to 62.8. That’s the lowest level since 2011. […]

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Market Extra: Why home prices can stay high, complicating the Fed’s battle against inflation

Sky-high housing prices still threaten to complicate the Federal Reserve’s inflation fight, even as America’s market for single-family homes shows signs of cooling in response to sharply higher interest rates. This week, Redfin reported the number of “stale” home listings climbed above 60% in July, reflecting the year’s surge in mortgage rates and concerns about […]

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Mansion Global: Duplex apartment in Park Avenue tower that once housed John D. Rockefeller, Jackie Kennedy and Vera Wang hits market at $26 million

A 14-room duplex in one of New York City’s most well-heeled co-op buildings, 740 Park Ave., came on the market Wednesday asking $ 26 million. Built in 1929 by James T. Lee, the banker and real-estate investor grandfather of Jacqueline Kennedy Onassis, the building was designed by noted New York City architect Rosario Candela. The […]

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