Despite the increase in mortgage interest rates, home prices have soared to their highest levels ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. According to recent data released, there was a 5.4% increase nationally in home prices on a three-month running average ending in June compared to the same period in 2023.
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The concept of automated 401(k) plan savings has been gaining popularity among employers in recent years. This strategy involves automatically enrolling workers in their company’s 401(k) plan and gradually increasing their savings rate over time. The intention behind this approach is to encourage employees to save more for retirement by leveraging their inherent inertia. However,
The traditional concept of ownership is evolving rapidly in today’s society. More and more Americans are opting to rent various items, ranging from cars and apartments to clothing and furniture. A report by Intuit Credit Karma reveals a significant shift towards a “rent-first” lifestyle, with 28% of adults regularly choosing to rent goods and services.
American Eagle missed Wall Street’s sales targets for the second quarter in a row, but managed to grow its profit by nearly 60%. The company reported a net income of $77.3 million, or 39 cents per share, up significantly from $48.6 million, or 25 cents per share, a year earlier. Sales rose to $1.29 billion,
Chinese President Xi Jinping expressed his hopes for a positive and constructive relationship with the United States during a meeting with U.S. national security advisor Jake Sullivan. Despite escalating tensions between the two countries in recent years, Xi emphasized China’s commitment to a stable, healthy, and sustainable relationship with the U.S. He called for finding
One of the key highlights from the latest trading session was the tech earnings parade, particularly Marvell Technology. The stock surged by approximately 8% after hours following a stellar quarterly report that surpassed revenue expectations. However, it’s worth noting that Marvell is still down by 18% from its peak in March, although it has seen
As fall approaches, many career experts speculate that there is a “September surge” in job postings. This surge is believed to be a result of job recruiters and hiring managers returning from vacation after a summer slowdown. The idea is that with more people back in the office, there are more job opportunities becoming available.
In recent years, cannabis consumption has taken a new turn in New York City. Fifth Avenue, an iconic stretch known for luxury retailers, now caters not only to high-end shoppers looking for designer goods but also to those seeking premium marijuana products. With the legalization of adult-use marijuana in New York state three and a
Manhattan, New York is notorious for its exorbitantly high real estate prices, with the median price per square foot reaching $1,500 according to My Dolce Casa. The city consistently ranks as one of the most expensive places to reside in worldwide. As a result, purchasing a modest 500-square-foot condo in New York City can set
In a surprising turn of events, airlines that were once eagerly awaiting new aircraft are now pulling back on their spending due to financial constraints. Cash-strapped budget airlines, facing challenges in achieving steady profitability, are postponing billions of dollars worth of new aircraft deliveries. This shift in approach has been triggered by the need to