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Did You Know?
Black Friday online sales totaled $12 billion up 9% YOY and Cyber Monday was up 6% to $14 billion! Buy now-pay later sales rose 9%. Data shows that most of these gains are a reflection of higher prices - up around 7% - and slightly lower volume, down around 1%. (Salesforce, Prof G Markets)
Did You Know?
Want to 'tip' a business 2.35% every time you make a purchase? Credit card fees now average 2.35% of every sale, totaling at least $150 billion nationwide. Paying cash avoids this..... ie: if we wanted to eliminate inflation almost instantly, if this 2.35% was passed on to the consumer when paying cash..... Profit margins for the major card networks like Visa and Mastercard are particularly high, often exceeding 50%. And the tens of billions that are written off annually from those who don't pay their credit card bills? YOU pay for that too! (USA TODAY)
Did You Know?
Many parents and grandparents help buy their kids and grandkids a home.....but sometimes the reverse happens too! Often kids buy a home for their parents or grandparents or help them with the purchase as their careers take off. (NY TIMES)
Did You Know?
ChatGPT - almost exactly 3 years old since launch - already has around 800 million weekly users and 1 million enterprise customers, including Spotify, Canva and Zillow..... Instagram took about 7 years from its launch to reach 800 million users, more than twice as long..... (FT)
Did You Know?
In Sweden 45% of new homes and more than 80% of single-family homes are fabricated off-site. In the US it is closer to 3%. (Mordor Intelligence)
Did You Know?
The TOP 8 Wall Street Trading firms clocked in $46.4 billion in trading revenues in the third quarter....bonus season is approaching....(Bloomberg)
Did You Know?
Mazama Energy announced the creation of the world’s hottest Enhanced Geothermal System at its pilot site in Newberry, Oregon at an unprecedented 629 °F bottomhole temperature...it delivers power 24/7 from virtually anywhere in the world, regardless of weather or time of day making it ideal for hyperscale data centers and industrial electrification. Commercial projects with horizontal wells, will begin with a 15 MW pilot in 2026 and then scaling to a 200 MW development project. It also extends its drilling into the SuperHot Rock regime (>400 °C range), leveraging proprietary high-temperature materials, cooling solutions and stimulation technologies. Harnessing SuperHot Rock resources will allow Mazama to extract up to 10x more power density, use 75% less water and drill 80% fewer wells than current approaches. Mazama aims to deliver terawatts of competitive and dispatchable power globally. (Renewable Energy Magazine)
Did You Know?
A geothermal system can cost between $40,000-75,000 for a 4,000sf home. That is high, but with electric bills soaring, this could pay for itself within 4-6 years…..
Did You Know?
Private equity firms own at least 10% of U.S. apartment units.
Did You Know?
Google is allowing AI to scan every single one of your Emails to improve “user experience.” Here's how to turn it off.
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