The dream of homeownership is becoming more elusive for renters, as highlighted by a recent New York Federal Reserve survey. The survey revealed that only 13.4% of renters in February had hopes of achieving “residential mobility” – a significant decline from previous years. This pessimism is fueled by a combination of factors that are making
US
Warren Buffett recently addressed Berkshire Hathaway shareholders about the future of the conglomerate he built, focusing on the succession plan once he is no longer at the helm. With Buffett turning 94 soon, thoughts of succession have been on the minds of many investors, especially after the passing of his long-time friend and business partner,
Recently, a California man named Mark Schultz was indicted for threatening Fulton County District Attorney Fani Willis. Schultz, 66, made violent and racist comments towards Willis on YouTube livestream videos in October. These threats included statements like “FANI WILLIS WILL BE DEAD IN 2024” and other derogatory remarks. The threats against Willis are especially concerning
The recent announcement by the Securities and Exchange Commission (SEC) regarding the auditing firm for Trump Media has sent shockwaves through the financial world. The auditing firm, BF Borgers CPA, and its owner, Benjamin Borgers, were charged with “massive fraud” by the SEC for their work that impacted over 1,500 SEC filings. The federal regulator
The Warehouse Worker Protection Act, introduced by Democratic Sen. Ed Markey, aims to regulate the use of productivity quotas by warehouse employers, most notably Amazon. The bill is designed to address concerns regarding the well-being of employees, particularly in relation to working conditions and the enforcement of quotas. One of the key aspects of the
As the Federal Reserve prepares for its upcoming monetary policy decision, the debate over whether to cut interest rates continues to loom. Fund manager Freddie Lait suggests that the only reason the Fed might consider a rate cut would be to help the U.S. cover interest payments for its national debt. Despite this, the current
After 27 years as a public company, Amazon has finally reached a turning point where investors no longer have to choose between profit and growth. The first-quarter earnings report revealed an unprecedented operating margin of 10.7%, a significant leap from the previous 7.8% in the fourth quarter. This marks a historic achievement for the company,
In a world where the environment is increasingly in peril, the push for investments based on environmental, social, and governance (ESG) factors has become more crucial than ever. Despite facing backlash from political entities, Norway’s $1.6 trillion sovereign wealth fund remains steadfast in its advocacy for ESG investments. This comes at a time when environmentally
The tech industry, known for its rapid growth and innovation, has been experiencing a wave of layoffs despite blockbuster earnings from major players such as Alphabet and Microsoft. Layoffs.fyi, a platform that monitors job cuts in the tech sector, reported over 263,000 job losses in 2023 alone. Shockingly, in just the first few months of
The recent tornado outbreak in six states left a trail of destruction, with the majority of the reported 79 tornadoes occurring in Nebraska and Iowa. Homes were leveled, buildings collapsed, and entire neighborhoods were flattened. Omaha, Nebraska, Mayor Jean Stothert confirmed in a Facebook post that, fortunately, no deaths had been reported. However, the damage