Gen Z’s flocking to North America’s last 16 Rainforest Cafes to record TikTok videos of their kitschy experiences. The ’90s chain is still the best place to have a wedge salad while being screamed at by animatronic gorillas.
Stocks aren’t feeling the chill: after capping off its best month of 2024, the S&P 500 notched its 54th record close of the year on December’s first trading day. |
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Airbus had its best month of the year — but shortages weigh on the jet duopoly |
Beginning initial descent… After a bumpy start to the year, Airbus could land its annual delivery target. Boeing’s European rival is said to have delivered more than 80 planes last month, its highest total of the year. That would mark Airbus’ best November in six years, bringing it closer to hitting its goal of delivering “around 770” jets this year. Meantime, Boeing has handily won the “who’s had a worse 12 months” contest. But Airbus — on pace for its sixth straight year of out-delivering Boeing — hasn’t been free of turbulence.
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- Headwinds: In June, Airbus slashed its profit forecast by about $1B, lowered its annual delivery estimate, and pushed back a key production target. In October, the world’s top plane maker also laid off 2.5K employees.
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A wing, a prayer: Airbus would need to beat prepandemic averages and deliver about 139 jets this month (24% more than last December) to hit its annual goal. Most analysts are expecting a final tally closer to 760 deliveries — compared to Boeing’s 340.
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Clipped wings… You’d think Airbus would be thriving given that its only major rival is having one of its worst years ever (see: this, this, and this). But Airbus is supplied by many of the same manufacturers as Boeing, and bottlenecks have hurt both companies. Suppliers are stuck in the middle of a runway tug-of-war for parts between plane makers and repair shops that fix active planes for airlines. That’s saddled Airbus with an order backlog in the thousands, causing it to turn down some orders. Last week it reached a deal with an engine supplier to help it ramp up production.
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Duopolies can be codependent… Because Airbus and Boeing have a lot of supplier overlap, when one struggles the other may do the same. Last month, Spirit Aerosystems, a supplier for both, raised concerns over its ability to keep operating. Still, less bad is better than awful, and Airbus has been widening its delivery lead. |
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When the co-founder who helped grow Zillow into an industry leader starts a new company, investors take note. After all, growing a company to $8.9B in size doesn’t happen by accident. That’s why top firms like SoftBank and Maveron already invested in Pacaso’s private offering.
Taking the industry by storm all over again, Pacaso’s streamlined digital marketplace offers fractional ownership of premier properties, with technology that makes buying, co-owning, and reselling luxury homes seamless.
This co-ownership approach maximizes demand by minimizing costs and worries. Look no further than the 1,500+ happy buyers across 40 destinations — including their most recent addition, Paris — for proof.
With over $100M in adjusted gross profits1 in four years, they’re ready to bring this co-ownership model across the globe. Invest in Pacaso before their share price changes December 5.2
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When the co-founder who helped grow Zillow into an industry leader starts a new company, investors take note. After all, growing a company to $8.9B in size doesn’t happen by accident. That’s why top firms like SoftBank and Maveron already invested in Pacaso’s private offering.
Taking the industry by storm all over again, Pacaso’s streamlined digital marketplace offers fractional ownership of premier properties, with technology that makes buying, co-owning, and reselling luxury homes seamless.
This co-ownership approach maximizes demand by minimizing costs and worries. Look no further than the 1,500+ happy buyers across 40 destinations — including their most recent addition, Paris — for proof.
With over $100M in adjusted gross profits1 in four years, they’re ready to bring this co-ownership model across the globe. Invest in Pacaso before their share price changes December 5.2 |
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A US apartment giant opens its first modular complex as prefab homes go big
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You’re going to be modular… America’s biggest apartment developer, Greystar Real Estate Partners, is going all in on modular homes. Yesterday it opened its first modular apartment building near Pittsburgh. Unlike a traditional home, built on location, a modular home is mostly built in a factory before being transported and assembled on-site. Prefabricated homes are commonly used to provide affordable housing in cities, but Greystar’s new complex aims to put the fab in prefab with amenities like gyms, pools, amphitheaters, and bocce courts.
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- DIY: Greystar said the complex was built about 40% faster than its traditional home projects, required only a third of its usual workforce, and created 90% less waste.
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ROI: The modular complex was around 10% cheaper to build versus a traditional multifamily project in a similar area. The trend’s catching on…
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Small homes, big dreams… The pandemic-era housing crunch and sky-high home prices have exacerbated the need for more affordable housing. In October, Walmart began selling tiny homes online for $16K (they’re expandable and made of steel). Rivals Home Depot and Amazon also sell mini homes. And during the pandemic, one of Airbnb’s founders launched an accessory-dwelling biz (picture: small homes for backyards).
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Old foundations can be current solutions… Modular homes make up less than 4% of the current real-estate market but are growing fast as builders try to meet housing demand and consumers look for more accessible options. And experts say modular homes can be ready for occupants in less than a year — potentially a lot faster than it takes to build a traditional home. |
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Proverbs 10:22 says, “The blessing of the Lord makes a person rich,” but it’s the Good Book itself that’s driving a massive chariot of profits for many. Read more. |
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