Keeping Track Of The Economy: 10 Stories You Need To Read Today

Here are 10 economy stories you need to read today.

Read more at: https://www.bisnow.com/national/news/economy/bisnow-economy-watch-10-must-reads-from-todays-markets-57257?utm_source=CopyShare&utm_medium=BrowserHere are 10 economy stories you need to read today.

Read more at: https://www.bisnow.com/national/news/economy/bisnow-economy-watch-10-must-reads-from-todays-markets-57257?utm_source=CopyShare&utm_medium=Browser

From the largest technology-focused fund ever raised to first-time homebuyers losing out, here are the 10 economic stories you need to read today.

10 economy stories you need to read today.

Read more at: https://www.bisnow.com/national/news/economy/bisnow-economy-watch-10-must-reads-from-todays-markets-57257?utm_source=CopyShare&utm_medium=Browser10 economy stories you need to read today.

Read more at: https://www.bisnow.com/national/news/economy/bisnow-economy-watch-10-must-reads-from-todays-markets-57257?utm_source=CopyShare&utm_medium=Browser
Photo credit: Vimeo

1. Vista Equity Partners sets a $10B upper limit for its sixth flagship buyout fund, making it one of the largest technology-focused funds ever raised. [WSJ]

2. For the second month counting US factory production rose, largely due to increasing demand for business equipment—suggesting US manufacturing may have stabilized. [Bloomberg]

Photo credit: Bisnow Archives
Construction dropped in the first quarter

3. Homebuilding also rose, climbing to its highest level since September after construction of single-family homes surged 5.2% from January. [WSJ]

4. Yet despite that growth, first-time house hunters are losing out in the busy US homebuying season as competition often drives prices up 10% or more. [Bloomberg]

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Photo credit: Flickr/Aranami

5. But consumer prices fell in February—in part due to slipping gas prices—but other signs point to building inflation pressures, which should reassure the Fed as it thinks about raising rates. [WSJ]

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6. This week the Fed will finally clarify where they stand on the outlook for interest rates, here's what to look for when the Fed breaks its silence. [Bloomberg]

7. But don't let rate hikes scare you away from REITs—even though they couldn't repeat their stellar 2014 performance last year, REITs still outperformed the broader market. [Nasdaq]

Photo credit: Valeant

8. Maybe this should scare you—Valeant (VRX) stock crashed 51% after the drugmaker not only couldn't reassure investors it's getting back on track, but went on to admit it's in danger of defaulting on its debt. [LAT]

Photo credit: Flickr/Partidul Social Democrat

9. Moving over to China, Premier Li Keqiang says the country has a difficult, yet doable, task ahead—avoid mass unemployment from the country's failing mines and factories as it cuts back on the current overproduction of coal and steel. [NYT]

Photo credit: Yamashiro Hollywood

10. And the Chinese JE Group snatches up Hollywood Hills landmark Yamashiro restaurant for a price tag approaching $40M, marking the group's first US acquisition. [LAT]

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