Brookfield Properties Abandons Revel Casino Deal

The video covers various economic and business updates. Existing home sales have reached a one-year high, while jobless claims remain low. Best Buy's profits have exceeded expectations due to increased demand for electronics. In Atlantic City, a deal to purchase the Revel Casino has collapsed. Jack Ma warns Alibaba investors about high expectations post-IPO. Severe weather in New York is causing significant snowfall and potential flooding.

What was the significant trend in existing home sales last month?

• They decreased slightly.

• They unexpectedly rose to a one-year high.

• They fell to a record low.

• They remained unchanged.

For how many consecutive weeks did jobless claims remain below 300,000?

• 14 weeks

• 8 weeks

• 5 weeks

• 10 weeks

What contributed to the rise in Best Buy's shares?

• Decrease in store sales

• Increased demand for televisions and tablets

• Reduction in electronic prices

• Lower third-quarter profits

Why did Brookfield Property drop plans to buy the Revel Casino?

• They couldn't agree on a purchase price.

• They couldn't secure a reduction in electricity payments.

• The casino was no longer for sale.

• They found a better investment opportunity.

What warning did Jack Ma give to Alibaba investors?

• Investors are expecting too much post-IPO.

• The company is moving its headquarters.

• The company is planning to shut down.

• Alibaba is going to merge with another company.