The bottom line

Foreigners are leaving U.S. real estate. Foreign purchases of U.S. homes dropped 36 percent in the past year, to 183,100. Sales to Chinese buyers fell the most, dropping to $13.4 billion last year, from $30.4 billion.

MarketWatch.com

Bitcoin value fell back below $10,000 this week after President Trump tweeted that he was “not a fan” of cryptocurrency. The volatile virtual currency is still up 160 percent since the start of the year.

CNBC.com

The black homeownership rate has fallen 8.6 percentage points since 2004, dropping to its lowest level on record. Homes in neighborhoods with a concentration of black borrowers are worth 6 percent less than they were in 2006.

The Wall Street Journal

In 2018, combined circulation for print and digital newspapers was 28.6 million on weekdays and 30.8 million on Sundays, a year-overyear drop of 8 and 9 percent respectively. Starbucks said it will stop selling newspapers at its 8,600 U.S. locations in September.

The New York Times

The stock market is up 20 percent this year, but many investors have missed out on the rally. Institutional money managers and retail investors have pulled $140.6 billion out of equities so far in 2019 and poured $255.5 billion into bonds, even though the yields have not been nearly as high. Safe short-dated government bond funds have returned just 2.4 percent this year.

Axios.com

The country that spends the most time online? The Philippines. The average Filipino spends 10 hours, 2 minutes on the internet per day, nearly double the average for Americans.

The Wall Street Journal