Affordable housing is a vital component of Vice President Kamala Harris’ proposed “opportunity economy,” as highlighted in a recent economic policy address. Harris emphasized the importance of making homeownership more accessible and affordable in the United States. During her speech in Raleigh, North Carolina, she expressed the need to increase the supply of housing units
Travelers need to be aware that failing to pay a substantial tax bill can result in the federal government revoking their passport. This consequence has become more common in recent years as the IRS and Treasury Department are mandated by federal law to notify the State Department of any American with a “seriously delinquent tax
Boeing recently made the decision to return its Starliner capsule from the International Space Station without the NASA astronauts that it initially delivered to orbit in early June. This unexpected turn of events was announced by the agency, with the astronauts Butch Wilmore and Suni Williams now set to return via SpaceX’s Dragon spacecraft instead.
In a recent massive data breach, National Public Data, a background check company, owned by Jerico Pictures Inc., disclosed that over 2.9 billion personal records were potentially exposed. The breach included sensitive information such as Social Security numbers, names, email addresses, phone numbers, and mailing addresses. While National Public Data reported 1.3 million breached records
Federal Reserve Chair Jerome Powell has hinted at potential interest rate cuts in the near future, marking a significant shift in monetary policy. This move could have wide-reaching implications for various aspects of the economy, prompting investors to consider their next steps. For those who are already well diversified, experts suggest that minimal changes may
The Biden administration recently announced that it will be resuming the distribution of free at-home Covid-19 tests to American households starting in late September. This decision comes as the virus continues to spread rapidly throughout the United States, particularly with the rise of new variants such as the highly contagious omicron variant JN.1. The at-home
As the year 2024 progresses, individuals have the opportunity to boost their 401(k) contributions and maximize their plan accounts. However, financial advisors caution that not everyone should necessarily max out their contributions. The current limit for 401(k) deferrals is set at $23,000 for 2024, a modest increase from the previous year. Workers aged 50 and
During his keynote address at the Federal Reserve’s annual retreat in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts in the near future. He emphasized the need for policy adjustments and highlighted the importance of incoming data, the evolving economic outlook, and the balance of risks in determining the
The Monterey Car Week auction sales witnessed a 3% decline from the previous year, indicating a shift in preferences from older to newer cars. The total sales at five prestigious car auctioneers in Monterey, namely RM Sotheby’s, Broad Arrow, Gooding & Company, Mecum, and Bonhams, dropped to $391.6 million this year from $403 million in
The shareholder returns for leading homebuilders such as D.R. Horton and Lennar have shown growth above the S&P 500 index between August 2014 and August 2024. Despite this positive trend, analysts have recently downgraded their investment outlook for these companies in the current market environment. The mixed signals from industry experts have left investors with