Global

US bans sales of Huawei and ZTE equipment over fears of Chinese espionage

The Biden administration has banned the approval of new telecommunications equipment from China’s Huawei Technologies and ZTE because it poses an “unacceptable risk” to US national security. The FCC said on Friday it has passed final rules that also ban the sale or import of equipment made by Chinese surveillance equipment maker Dahua Technology, video

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Massive cancellations spoil the already low sales of new homes. Inventory overload at Deep Housing Bust level 1. Drop in customer traffic

Lambert here: More problems…. Wolf Richter, editor of Wolf Street. Originally published on Wolf Street. Sales of new single-family homes have been zigzag down for months. They rose 7.5% in October from September, after falling 11% in September, according to the Census Bureau. At a seasonally adjusted annualized rate of 632,000 homes, they are down

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Global

Black Friday 2022: How do sales affect the environment?

Key points Australians are predicted to spend around $6.2 billion on Black Friday sales from November 24 to 28. The annual sale, which began in the US, has become a major global shopping event. As buyers close deals, advocates warn of a cost to the planet and workers in the fast fashion clothing industry. Black

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New home sales rise in October, but outlook remains cautious

New single-family home sales rose in October, up 7.5% to a seasonally adjusted 632,000 year-on-year from 588,000 in September. The October gain was the third increase in the past eleven months, bringing sales down 5.8 percent year-over-year and down 39.0 percent from August 2020’s post-crisis peak. October sales remain below the 50-year average (see first

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New home sales rise to 632,000 a year in October

on Estimated risk per 23.11.2022 10:08:00 Census Bureau reports New home sales in October were 632,000 seasonally adjusted (SAAR). The previous two months were revised down. Sales of New Single-Family Homes in October 2022 seasonally adjusted annual rate 632,000, according to estimates released today jointly by the US Census Bureau and the Department of Housing

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Jobless Claims, Durable Goods, New Home Sales, FOMC Minutes

on Estimated risk per 22.11.2022 20:50:00 Note: Mortgage rates are from MortgageNewsDaily.com and are intended for high-level scenarios. Wednesday:• Mortgage Bankers Association (MBA) to release results at 7:00 AM ET mortgage bid index. • At 8:30 am initial weekly jobless claims the report will be published. The consensus concerns 225,000 initial claims, up from 222,000

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