Home Flipping Gross Profits Rose To 30.2% Last Quarter; Amazon Hits $2 Trillion Market Cap | Business Matters Full Broadcast (June 26)

Business Matters with Don Ma

Home flippers earned a 30.2% gross profit nationwide before expenses on homes sold during the first quarter of 2024, up from 27.7 percent in the fourth quarter of 2023. This is according to real estate data firm ATTOM. Home flipping activity also went up.

Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks.

The organic farmers watchdog group OrganicEye says American farmers are being disadvantaged versus foreign importers when it comes to organic food. Foreign imports aren't being held to the same requirements as American products. Organiceye is now telling the USDA to level the playing field.