The housing market saw a pronounced buyer-seller mismatch last month, and it’s proving difficult to draw prospective home buyers off of the sidelines, according to Zillow. That could spell good news on the housing-affordability front. Buyers holding back from buying a home due to cost concerns could eventually prompt price cuts, and just in time
Net Revenue: $185.8 million, compared to $188.3 million in the prior year quarter; $193 million on a constant currency basis. Adjusted Net Revenue: $206 million, excluding strategic decisions impacting revenue. Gross Margin: Increased by 200 basis points to 28% from 26% in the prior year quarter. Net Loss: $793.5 million, primarily due to a $700
The World Gold Council said Russians bought 75.6 metric tons of gold last year, up by 6% from 2023. Gold is a safe-haven asset that’s often in demand amid high inflation and geopolitical tensions. The price of gold hit a record on Wednesday, jumping above $2,900 an ounce. Russian consumers are buying record amounts of
HOUSTON and TUPELO, Miss., Jan. 22, 2025 /PRNewswire/ — Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter and year ended December 31, 2024. Annual highlights for 2024 included: Achieved net income available to common shareholders of $514.1 million, or $2.77 per diluted common share, and adjusted net income from continuing