On Wall Street, it is called the “black car indicator” — a reference to the limousines lined up around investment banks to ferry home young analysts who have pulled near-all-nighters while working on deals. Based on the surprising number of mergers and acquisitions this month, those black town cars must be double-parked.
Are mergers back? Well, sort of
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.