Core Insights - New York City's rental market is experiencing significant immobility, with nearly 90% of renters remaining in the same unit for over a year, which is higher than the national average of 78.4% [2][3] - The median asking rent in NYC reached $3,585 in Q4 2025, reflecting a 6.6% increase from the previous year, with the most substantial rise occurring in Manhattan [3][4] - Mayor Mamdani's proposed rent freeze on stabilized units could further restrict mobility in the rental market, potentially leading to higher market-rate rents as available inventory decreases [3][7] Rental Market Overview - The median rent in Manhattan is $4,886, requiring an annual income of $195,440 to stay below the 30% affordability threshold [4] - Brooklyn's median rent is $3,943, Queens at $3,355, and The Bronx at $3,094, with respective annual income requirements of $157,720, $134,200, and $123,756 [4] - The overall stay-in-place renter percentage in NYC is 89.3%, with the Bronx having the highest at 93.7% [4][5] Factors Influencing Immobility - Approximately 40% of NYC's rental stock is rent-stabilized, contributing to a low vacancy rate of 0.98% for these units compared to 1.84% for market-rate units [5] - Overcrowding is more prevalent in rent-stabilized units, with 13.1% of these units housing more than two persons per bedroom, compared to 6.7% in market rentals [6] Future Implications - The impending rent freeze could lead to a further decline in turnover rates, making it more challenging for new residents to find housing [7] - The lack of mobility may hinder economic activities, as renters delay significant life changes due to the high costs associated with moving and limited housing options [7]

Core Viewpoint - The California Post, a conservative daily tabloid, has launched, representing the New York Post's expansion into the West Coast media landscape [1] Group 1 - The California Post is published by Rupert Murdoch's News Corp, indicating a strategic move by the company to broaden its media presence [1] - The launch signifies an effort to tap into the West Coast market, which may present new opportunities for audience engagement and advertising revenue [1]

Group 1: Company Overview - The California Post is a new West Coast news platform launched by New York Post Media Group, headquartered in Los Angeles [2][8] - The publication aims to deliver sharp, engaging journalism focused on California, covering various topics including Hollywood, politics, and sports [7][8] - The California Post has secured notable advertising support from companies like Yaamava' Resort & Casino, Realtor.com, Fox Entertainment, and FOX Sports [5] Group 2: Editorial Team and Talent - The editorial team includes experienced professionals such as Nick Papps as Editor-in-Chief, Tatiana Siegel from Variety, and other notable hires from various media outlets [3][4] - The team is designed to cover significant stories in California, with a focus on Hollywood and statewide politics [6][7] - The publication has made aggressive hiring moves to strengthen its editorial and business teams, indicating a commitment to quality journalism [4][6] Group 3: Market Position and Strategy - The California Post aims to fill a gap in the market for journalism that resonates with Californians, emphasizing clarity and bold storytelling [6][7] - The Post Digital Network, which includes The California Post, attracts nearly 100 million monthly unique visitors, with a significant portion from California [7] - The New York Post has achieved three consecutive years of profitability since Fiscal Year 2022, showcasing a strong financial position in a challenging publishing environment [7]

Core Insights - Symbolic.ai has signed a significant deal with News Corp to utilize its AI platform for enhancing financial journalism through Dow Jones Newswires [1][3] - The AI platform developed by Symbolic.ai claims to improve productivity by up to 90% for complex research tasks, streamlining editorial workflows [2] Company Developments - News Corp, which owns major assets like MarketWatch, the New York Post, and the WSJ, is actively integrating AI into its operations [1][3] - In 2024, News Corp entered a multi-year partnership with OpenAI to license its material, indicating a strategic move towards AI collaboration [3] Technology Impact - Symbolic.ai's platform aims to enhance various editorial processes, including newsletter creation, audio transcription, fact-checking, and SEO optimization [2]

Core Insights - The share of U.S. homeowners with mortgage rates above 6% has surpassed those with rates below 3%, indicating a significant shift in the housing market after years of low borrowing costs [1][2][9] Mortgage Rate Trends - In Q3 2025, 21.2% of outstanding mortgages had interest rates of 6% or higher, compared to 20.0% with rates below 3% [2] - Mortgage rates have decreased from a peak of 7.04% in January 2025 to the low-6% range by the end of the year, but have remained above 6% since September 2022 [2][6] Homeowner Behavior - The transition to higher-rate mortgages reflects a gradual adjustment as some households exchange low-rate mortgages for higher-rate loans or enter the market for the first time, despite the rate lock-in effect limiting inventory recovery [3][4][6] - More than half (51.5%) of outstanding mortgages still have rates at or below 4%, contributing to homeowner hesitance to sell, as moving would increase monthly payments significantly [4] Market Dynamics - The share of mortgages with rates above 6% has increased by over 4 percentage points from Q3 2024 to Q3 2025, indicating ongoing buyer activity despite high rates [6] - Housing supply has improved, leading to a more balanced national market, although inventory remains constrained in affordable areas [7] Future Outlook - Modest decreases in mortgage rates into the low-6% range could stimulate additional homebuying activity, with easing inflation and mortgage rates being crucial for increasing seller participation [8]

Core Insights - Polymarket's real-time prediction market data will be integrated into various Dow Jones consumer platforms, enhancing the information available to users [1][2] - The partnership aims to provide insights on economic, political, and cultural topics through prediction market signals [3] Partnership Details - An exclusive partnership between Polymarket and Dow Jones was announced, allowing Dow Jones to utilize Polymarket's prediction market data [2] - Dow Jones will feature this data on its digital properties and in print, including an earnings calendar that reflects market expectations for corporate performance [4] Market Impact - The prediction market data is seen as a growing source of real-time insights into collective beliefs about future events, according to Dow Jones CEO Almar Latour [4] - Polymarket's data is increasingly recognized for its reliability and transparency, combining journalistic insight with market probabilities [5] Industry Growth - The prediction market sector has experienced significant growth, with global trading volumes exceeding $28 billion in 2025, and Polymarket and Kalshi contributing $3.71 billion to venture funding [6]

Core Insights - National luxury home prices softened in November 2025, with the 90th-percentile threshold decreasing to $1.20 million, a decline of 2.3% year-over-year [1][3] - The luxury market is characterized by mixed trends, with some metropolitan areas experiencing rapid turnover while others face slower sales [3][7] National Overview - The luxury threshold at the 90th percentile is $1,199,977, down 2.0% month-over-month and 2.3% year-over-year - The high-end luxury threshold at the 95th percentile is $1,930,853, reflecting a monthly decrease of 1.2% and a yearly decline of 2.7% - The ultra-luxury threshold at the 99th percentile is $5,490,492, showing a slight monthly increase of 0.5% but a yearly decrease of 2.4% - The national median listing price stands at $415,000, down 2.2% month-over-month and 0.4% year-over-year - The share of million-dollar listings is 12.8%, a decrease of 0.4 percentage points month-over-month and unchanged year-over-year [3][4] Fastest and Slowest Luxury Markets - Luxury homes nationally spent a median of 78 days on the market in November, unchanged from the previous year - San Jose–Sunnyvale–Santa Clara, CA, had the fastest sales at a median of 56 days, while Bend, OR, recorded the slowest at 146 days [4][6] - Naples–Marco Island, FL, saw luxury homes selling 23.5% faster year-over-year, with a luxury threshold of $3.50 million [5] - Other fast-moving markets include Riverside–San Bernardino–Ontario, CA, and the Washington, D.C., area, with median selling times of 57 to 58 days [6] Luxury Pricing Trends - The luxury market is increasingly influenced by local factors rather than national trends, with some areas experiencing strong demand and quick sales while others struggle [3][7] - Markets with well-aligned pricing and demand are seeing rapid sales, while high-priced metros with specialized buyer pools are facing slower turnover [7]

Core Insights - Renovated homes are still attracting online interest and selling faster than older homes, but the pricing power and returns for flipped homes have weakened due to higher mortgage rates affecting buyer demand [2][3][5] - The performance gap between flipped homes and older homes has narrowed compared to 2021, with flipped homes receiving fewer page views and spending more time on the market [4][5] Market Performance - Flipped homes have a median listing price of approximately $380,000, slightly lower than the $385,000 for other older homes, but they are typically smaller and have a higher price per square foot [3][4] - In October 2025, flipped homes received about 6.5% more page views per listing and spent roughly 10 fewer days on the market compared to older homes, a significant decrease from the 25% advantage in 2021 [4][5] Sales Dynamics - Among flipped homes listed in July 2025, the median sale price was at an 8.3% discount from the highest post-renovation listing price, compared to a 2.9% discount for older homes [5] - The typical flipped home was purchased at 51.4% of its metro's median single-family home price and listed at 87.8% of the median after renovation [6] Flip Factor - The "Flip Factor," a new metric introduced in the report, measures the price increase of flipped homes relative to their pre-renovation prices, with a national average of 36.4 percentage points [7][8] - Only eight U.S. metros saw flipped homes listed above the local median price, indicating that significant value addition through renovations is rare [8][11] Regional Insights - Pittsburgh and Cape Coral, FL, are notable for having flipped homes listed above the market median, with Pittsburgh showing a Flip Factor of 58.2 percentage points [10][11] - The report highlights that affordable markets tend to see the largest price jumps relative to the market, with several metros demonstrating significant Flip Factors [9][10]

Group 1: Trump's Criticism of CNN - President Trump has suggested that CNN should be sold as part of the ongoing deal involving its parent company Warner Bros. Discovery [1][2] - Trump has labeled the management of CNN as a disgrace and accused the network of spreading lies and biased reporting against him [2][3] Group 2: Warner Bros. Discovery and Netflix Deal - The ongoing deal involving Warner Bros. Discovery has attracted significant attention, particularly regarding Netflix's proposed acquisition of Warner Bros. assets, which excludes CNN and other cable networks [6][7] - Paramount Skydance CEO David Ellison has urged Warner Bros. to reject Netflix's $82.7 billion cash-and-stock offer in favor of a $108 billion all-cash hostile bid from Paramount [7] Group 3: Trump's Legal Actions and Media Relations - Trump has a history of legal disputes with media outlets, including a $15 billion defamation lawsuit against The New York Times and a $10 billion suit against the Wall Street Journal [4] - Trump's interactions with the media often involve personal insults, reflecting his combative relationship with journalists [5] Group 4: Regulatory Implications - Trump intends to play a direct role in the federal review of the Netflix-Warner Bros. Discovery merger, citing concerns over the merged company's significant market share [8]

Core Insights - The U.S. luxury housing market is exhibiting two contrasting trends, with a national entry point for luxury homes decreasing by 2.2% year-over-year to $1.22 million, while certain metropolitan areas are experiencing rising prices and faster sales, indicating strong buyer competition [1][3][5] National Luxury Market Overview - The national luxury benchmark, defined by the 90th percentile of listing prices, has decreased to $1.22 million, reflecting a 2.2% decline from the previous year [3][12] - The ultra-luxury segment (99th percentile) has shown signs of stabilization, increasing by 1.0% month-over-month to $5.41 million, although it remains 3.3% lower than last year [3][12] High-Velocity Markets - North Port-Bradenton-Sarasota, Florida, leads the nation with a nearly 20% year-over-year increase in its luxury entry point to $1.67 million, indicating strong demand from high-net-worth buyers [5][7] - Other competitive markets include Heber, Utah (8.4% increase), Boise City, Idaho (3.1% increase), and Minneapolis, Minnesota (2.7% increase), all showing faster sales alongside rising prices [5][8] Price Correction Markets - Markets such as Bridgeport, Connecticut, and Charleston, South Carolina, are experiencing significant price drops, with Bridgeport seeing a 7.5% decline and a 42.5% reduction in days on market, effectively clearing inventory and boosting sales [9][10] - Kahului-Wailuku, Hawaii, recorded the largest year-over-year decline in luxury pricing, falling nearly 20% to $3.79 million [9][10] Market Dynamics - The overall median time on market for typical listings has lengthened by five days year-over-year, yet the gap between luxury and typical sales times remains tighter than usual, indicating relative strength in luxury buyer demand [4][12] - The luxury market is characterized by a split between areas with rising prices and those undergoing price corrections, suggesting a re-establishment of market equilibrium in certain regions [3][9]