THE PRICE OF GOODS AND SERVICES ARE DROPPING!

PRMG HOUSING MARKET NEWS AND UPDATES: May 25th, 2023

Good news, folks! The prices of goods and services are dropping, which means you’re paying less overall. Can you believe it? Even used cars have become more affordable. The recent manufacturing data shows a decline, indicating some challenges in the industry. The US PPI and inflation started to decrease. So, things are looking brighter for your wallets! In a whirlwind of financial moves, Western Digital soared by 11% fueled by merger rumors, while Newmont, the leading gold miner, diversified into copper by acquiring Australian miner Newcrest. Meanwhile, ONEOK secured a $19 billion cash deal to acquire Magellan, a midstream oil and gas pipeline rival. The banking sector witnessed bailouts, with three major banks being rescued. Simultaneously, various private companies chose to merge for increased strength, rather than giving up.

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