Wednesday Sector Laggards: Utilities, Consumer Products

Limited housing supplies continue to dominate Colorado’s housing market. A new study from Point2 shows that the median home sale price doubled nationally in the past decade primarily due to a housing shortage. In Colorado, it took less than a decade for median home prices to double in nine cities. Research from Clever shows Denver ranks as the 11th-least affordable metro for homebuyers based on income-to-home-price ratios. Meanwhile, a Zillow analysis shows that listing a home in late May can result in a $17,000 higher sale price compared to other times of the year. How fast did home prices double? Limited supply, surging demand, the pandemic, and inflation caused the median home price nationally to double from $200k to $400k in the past decade. Point2 analysts studied the country’s 100 largest U.

Few colleges are preparing students for how to survive in today’s economy, which doesn’t always revolve around 9-to-5 jobs. Some teachers want to change that. Fletcher Medler, a student at Berklee College of Music, is enrolled in “The General Business Gig,” a course dedicated to teaching musicians how to survive in the gig economy.

The lawsuit blames major cellular carriers for failure to report outages to emergency agencies. Had emergency responders known about widespread cellphone outages during the height of last summer’s deadly Maui wildfires, they would have used other methods to warn about the disaster, county officials said in a lawsuit. Alerts the county sent to cellphones warning people to immediately evacuate were never received, unbeknownst to the county, the lawsuit said.

The buyback announcement comes as iPhone sales have declined, although the tech giant still beat analysts’ earnings estimates this week. Yesterday, Apple revealed earnings for its fiscal second quarter. While iPhone sales were down almost 10%, the company’s revenues and earnings per share beat expectations, albeit slightly. On the company’s earnings call, in addition to execs talking up the prospects of Apple’s AI plans, the company also announced another share buyback—this one the largest in U.

U. S. District Judge Amit Mehta questioned the likelihood of any other company’s ability to have the resources needed to compete against Google’s search engine. The judge overseeing a pivotal antitrust trial focused on whether Google is stifling competition and innovation repeatedly indicated Thursday that he believes it would be difficult for a formidable rival search engine to emerge.

The USDA has issued a recall notice for ground beef distributed by Cargill Meat Solutions. Here’s what to know: The U. S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) has issued a recall notice for over 16,000 pounds of ground beef due to fears that it may be contaminated with E.