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Added on the 15/09/2016 17:16:27 - Copyright : Reuters EN
Images of home belonging to the uncle of South African Paralympian Oscar Pistorius. The ex-Olympic runner was released from jail on parole Friday, having served more than half his sentence. He has been restricted to staying within the Pretoria district of Waterkloof, where his uncle lives, although precise information on his whereabouts has not been confirmed. IMAGES
Angelina Murphy paid off $100,000 in debt in just a year by making very smart money moves in her business. She says her default setting is as an artist, not a businesswoman. However, using a budget for the first time reined in her spending. According to Business Insider, the Seattle-area resident had three keys to her success: a niche market, expertise, and location. Her specialty, high-end, business offers luxury hair extensions to women with thinning hair or hair that won't grow very long. She's also very good at her job and invests in her ongoing professional development. Finally, Murphy keeps her expenses low by using her own garage as her location, instead of a pricey retail salon!
Ending a six-month run of spiraling demand, sales of existing homes in the US contracted in November. It's being read as a signal that rising prices and historically low supply is finally slowing the housing market's rally. According to Business Insider, the National Association of Realtors says home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million. The median price for existing homes fell to a six-month low as well, dipping month-over-month to $310,800 from $313,100. Even so, the pace is still up 25.8% from the year-ago period.
The cocoa market hit record highs in mid-November, and it's all down to one company's novel method of sourcing cocoa beans. Markets Insider reports the chocolate manufacturer bought cocoa beans through the ICE Futures exchange instead of from physical suppliers. The trade allows Hershey to obtain cocoa at lower prices, as chocolate producers typically buy from vendors who charge various premiums. The trade was so big it lifted December-delivery contracts as much as 13.4% from November 13 to November 16. A Hershey spokesperson says the company continues its 'substantial cocoa sustainability works' to combat poverty and deforestation. The spokesperson added Hershey continues to pay the Living Income Differential and invest in training for farmers to diversify their crops.
The price of US housing in the third quarter of 2020 saw the biggest year-over-year jump since 2013. Markets Insider reports the median price for a single-family home rose 12%, mainly fueled by record-low mortgage interest rates. But there's a downside: Not every American is benefitting from the rally. In fact, Q3 saw the proportion of first-time homebuyers drop to just 31%. That's the lowest share in over 30 years. As home prices significantly outpace median family income growth, more Americans have been pushed out of the housing market and have had to delay homeownership.
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