According to a recent report by Barclays, spending on rent and mortgages saw a significant increase in May. The data revealed that consumers were allocating more of their income towards housing costs, signaling potential financial strain. This trend may have been influenced by rising housing prices and inflation, highlighting the importance of budgeting and financial planning.
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Is CrowdStrike a Buy a Year After the Big IT Outage?
CrowdStrike (NASDAQ: CRWD) faced significant challenges a year ago due to a faulty software update that caused a major IT outage, costing U.S. Fortune 500 companies over $5 billion. Despite this setback, the company has achieved double-digit revenue growth and maintained strong customer relationships, leading to a stock increase of over 50% since the incident. Want More Context? 🔎
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