(Bloomberg) — China home-price growth accelerated in August after a brief slowdown the previous month as credit growth rebounded and wider property curbs did little to damp buyer enthusiasm.
New home prices in 70 major cities, excluding state-subsidized housing, rose 0.56% last month, compared to a 0.47% gain in July, National Bureau of Statistics data released Monday showed. Values in the secondary market, which is largely free from government intervention, gained 0.34%, the fastest in more than a year.
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Policy makers have in recent months stepped up regulatory caution against developers’ leverage and excessive home-price growth, after frenetic buying spread from the country’s biggest cities to some booming regional centers. In August, cities including Nanjing and Wuxi followed Shenzhen in tightening home-purchase rules.
“Local governments rolled out targeted
(Bloomberg) — Peloton Interactive Inc. reported quarterly sales that topped analyst projections as stay-at-home orders and gym closures continued to spur purchases of the company’s exercise equipment and workout subscriptions. The shares jumped about 10%.
The New York-based fitness technology company said fiscal fourth-quarter revenue came in at $607.1 million, up 172% from a year earlier. Analysts were looking for $581 million, according to data compiled by Bloomberg. Profit, excluding certain items, was $89.1 million, or 27 cents a share,