The bottom line
The median age of first-time home buyers jumped to 33 from July 2018 to June 2019, the oldest since the National Association of Realtors began keeping records in 1981. Meanwhile, the median age of all homebuyers rose to 47, up from just 31 in 1981.
Investor’s Business Daily
In a survey of 2,000 viewers, Americans said they are willing to spend up to $44 monthly on streaming video. That is up roughly $14 from what most people pay now. However, nearly 1 in 3 Netflix subscribers said they would likely cancel the service in the next three months.
The Wall Street Journal
Hedge fund manager Jim Simons’ Medallion Fund has generated annual returns of 39 percent after fees since 1988, with only one annual loss—and only three monthly losses between 2001 and 2010.
A New Jersey country club is suing a waiter who spilled red wine on a woman’s $30,000 Hermès Kelly bag. The woman had sued the Alpine Country Club, where members pay $19,000 annually, for the price of the since-discontinued pink clutch.
The Washington Post
Worldwide, the wealth of billionaires fell 4.3 percent in 2018 to $8.5 trillion—the first time the ultrarich had seen such a reduction since 2015. The number of billionaires fell in every nation except the United States, which claimed 749 billionaires at the end of 2018.
Chinese telecom maker Huawei will pay out $286 million in bonuses and double almost all 190,000 employees’ monthly salaries for October as a reward for helping counter U.S. sanctions.