24 June 2024 – The Fund Society

Nasdaq notches biggest drop in 2 months as tech tumble offsets broader gains

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Mapped: The World’s Least Affordable Housing Markets in 2024

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June 24, 2024 Graphics/Design:

See this visualization first on the Voronoi app.

The World’s Least Affordable Housing Markets in 2024

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Many cities around the world have become very expensive to buy a home in, but which ones are the absolute most unattainable?

In this graphic, we highlight a number of housing markets that are deemed to be “impossibly unaffordable” in 2024, ranked by their median price-to-income ratio.

This data comes from the Demographia International Housing Affordability Report, which is produced by the Chapman University Center for Demographics and Policy.

Data and Key Takeaway

The median price-to-income ratio compares median house price to median household income within each market. A higher ratio (higher prices relative to incomes) means a city is less affordable.

See the following table for all of the data we used to create this graphic. Note that this analysis covers 94 markets across eight countries: Australia, Canada, China, Ireland, New Zealand, Singapore, the United Kingdom, and the United States.

RankMetropolitan MarketCountryMedian price-to-income
ratio 1Hong Kong (SAR)🇨🇳 China16.7 2Sydney🇦🇺 Australia13.8 3Vancouver🇨🇦 Canada12.3 4San Jose🇺🇸 U.S.11.9 5Los Angeles🇺🇸 U.S.10.9 6Honolulu🇺🇸 U.S.10.5 7Melbourne🇦🇺 Australia9.8 8San Francisco🇺🇸 U.S.9.7 9Adelaide🇦🇺 Australia9.7 10San Diego🇺🇸 U.S.9.5 11Toronto🇨🇦 Canada9.3 12Auckland🇳🇿 New Zealand8.2

According to the Demographia report, cities with a median price-to-income ratio of over 9.0 are considered “impossibly unaffordable”.

We can see that the top city in this ranking, Hong Kong, has a ratio of 16.7. This means that the median price of a home is 16.7 times greater than the median income.

Which Cities are More Affordable?

On the flipside, here are the top 12 most affordable cities that were analyzed in the Demographia report.

RankMetropolitan MarketCountryMedian price-to-income
ratio 1Pittsburgh🇺🇸 U.S.3.1 2Rochester🇺🇸 U.S.3.4 2St. Louis🇺🇸 U.S.3.4 4Cleveland🇺🇸 U.S.3.5 5Edmonton🇨🇦 Canada3.6 5Buffalo🇺🇸 U.S.3.6 5Detroit🇺🇸 U.S.3.6 5Oklahoma City🇺🇸 U.S.3.6 9Cincinnati🇺🇸 U.S.3.7

Goldman Sachs names Hess chief to its board as it guides oil company sale

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Adnoc’s long Covestro chase set to achieve Europe’s largest takeover of year

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Nvidia share slide erases $500bn in market value

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Shein files confidential paperwork ahead of possible London listing

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Stocks making the biggest moves midday: ResMed, Affirm, Nvidia, Anheuser-Busch and more

Check out the companies making the biggest moves midday: Inspire Medical Systems , ResMed — Inspire Medical Systems and ResMed, which manufacture devices to treat obstructive sleep apnea, dropped 14% and 11%, respectively, following Friday’s news that Eli Lilly ‘s weight loss drug tirzepatide reduced the severity of the condition. Eli Lilly also said it applied for approval from the Food and Drug Administration for the drug’s treatment of sleep apnea. Eli Lilly’s stock advanced 2%. RXO — Shares jumped 23% after the freight company said it struck a deal to buy Coyote Logistics from UPS for more than $1 billion. UPS was up 1.5%. Alnylam Pharmaceuticals — The clinical-stage therapeutics company soared 37% after a phase three study found that its drug vutrisiran showed a statistically significant reduction in the number of deaths and cardiovascular events in patients with ATTR amyloidosis with cardiomyopathy. Nvidia — Shares shed nearly 5%. Nvidia’s latest decline adds to last week’s drop of 4% when it snapped its eight-week winning streak. The artificial intelligence darling had briefly dethroned Microsoft as the most valuable company in the U.S. last week. Affirm — The buy now, pay later stock popped 10% after Goldman Sachs assumed coverage of the name at a buy rating. Analyst Will Nance cited the stock’s strong fundamentals, including its differentiated credit underwriting approach, as catalysts for the name. Cinemark — Shares of the movie theater chain rose more than 5%. Roth MKM upgraded Cinemark to a buy from a neutral rating, saying that headwinds should soon shift to “very attractive tailwinds.” The firm also cited “meaningful box office improvement.” Anheuser-Busch InBev — The brewing company’s shares rose around 3% after UBS upgraded the stock to buy from neutral. The bank noted that Anheuser-Busch is “at the cusp of delivering the ideal consumer staples growth profile,” citing an inflection point in growth, margins and cash returns. IBM — The stock spiked close to 3% after Goldman Sachs initiated coverage with a buy rating and a price target of $200, which implies 16% upside from Friday’s close. The firm said the legacy tech company is on track to sustain long-term revenue and free-cash-flow growth, which are being driven by growth in AI products and services, market share gains in consulting and growth in its core software portfolio. Ryder System — Shares of

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Visualizing Saudi Aramco’s Massive Oil Reserves

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June 24, 2024 Article/Editing: Graphics/Design:

See this visualization first on the Voronoi app.

Visualizing Saudi Aramco’s Massive Oil Reserves

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Saudi Aramco controls 259 billion barrels worth of oil and gas reserves, which is unmatched by any other company globally. This is a key factor in the company’s massive $1.8 trillion valuation.

To illustrate that, this chart compares the proved reserves of major oil companies as of 2022. Data was compiled by Statista from various company reports.

Crown Jewel

Saudi Aramco is the national oil company of Saudi Arabia. As of 2024, it is the sixth-largest company in the world by market capitalization.

Its oil reserves are over four times bigger than the reserves of all the other six companies on our list combined.

CompanyProved reserves (billion barrels of oil equivalent) Saudi Aramco258.8 ExxonMobil17.7 Chevron11.2 Total Energies10.2 Shell9.6 BP7.2 Eni6.6

Behind Saudi Aramco, American company ExxonMobil comes in second with 17.7 billion barrels of oil equivalent, followed by another American company, Chevron, with 11.2 billion barrels of oil equivalent.

Saudi Aramco produces 9 million barrels of oil a day, more than any other firm and nearly a tenth of the world’s total.

In addition, the state-run oil giant is the world’s most profitable company, generating $722 billion in profits between 2016 and 2023.

Saudi Aramco is also expected to play a big part in Saudi Arabia’s plans to diversify its economy and reduce oil dependence. Recently, Saudi Arabia’s Crown Prince Mohammed Bin Salman confirmed that the kingdom is in talks to sell a 1% stake in the state oil giant, which could help fund the country’s projects in clean energy and technology.

If you enjoyed this post, be sure to check out this graphic, which ranks oil production by country.

BP chevron Commodities Energy Exxon Mobil Fossil fuel Fuel Gas major companies oil Oil and Gas petroleum saudi arabia saudi aramco shell

The London Tunnels ditches London IPO for Amsterdam listing

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Active ETF AUM hits record $889bn in May

According to ETFGI’s monthly report, active ETFs gathered net inflows of $27.5bn in May alone, bringing the total value since January to $125.1bn globally. Debunking the passive myth: active engagement in ETFs At the end of May, there were 2,612 active ETFs with a total of 3,246 listings globally and $889bn worth of assets. In addition, there were 449 providers listed on 37 exchanges in 29 countries. Net inflows for active equity-focused ETFs reached $16.3bn in May, bringing the year-to-date total to $74.3bn, surpassing the $41bn reached in 2023 overall. Meanwhile, actively mana…