Luxury home prices in Miami rose 18% year-over-year in July 2026, with Tampa close behind at a 15.4% increase, significantly outpacing the 5.3% rise in the overall U.S. luxury market. This surge is driven by wealthy buyers attracted to Florida's tax benefits, warm climate, and waterfront lifestyle, with Miami and West Palm Beach becoming hotspots for ultra-rich buyers. Sales of luxury homes in West Palm Beach jumped 43.9%, supported by a growing financial sector and affluent retirees and professionals. Tight housing inventory and buyers less sensitive to mortgage rates are sustaining strong demand despite a softer broader market.
At a G20 event, Elon Musk forecasted that artificial intelligence could increase the global economy by 20% to 30%, equating to $20-$30 trillion per year. He believes AI will soon handle all tasks not requiring manual atom shaping, possibly by the end...
Morgan Stanley's stock has gained nearly 20% in 2026, outperforming major bank peers thanks to strong wealth management fees and capital markets activity. Despite a recent dip amid rising Treasury yields, the stock trades at $212, below its 52-week h...
Rising U.S. Treasury yields, with the 10-year surpassing 4.8%, are pressuring equities, especially growth stocks, amid concerns over fiscal deficits and potential rate hikes. Analysts expect immediate government intervention to contain long-term yiel...
