London is facing a severe downturn in affordable housing supply, with a sharp decline in housing starts and rising homelessness as a result. High interest rates, building safety costs, and lack of government funding are cited as major factors contributing to the crisis. The Mayor of London has warned of the most challenging period for housebuilding since the 2008 financial crash, with experts predicting a prolonged decline in home completions.
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CrowdStrike: Higher Sales, Higher Costs
CrowdStrike (NASDAQ: CRWD) recently released its financial report as it approaches the one-year mark since a significant global outage in July 2024. The cybersecurity firm exceeded earnings per share (EPS) estimates while matching revenue, although it experienced declines in earnings, free cash flow, and annual recurring revenue (ARR) compared to the previous year. The company is making strides in recovery from the incident, as indicated by these financial results. Full Article
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