BREAKING: President Biden is calling on Congress to give middle-class first-time homebuyers a $10,000 tax credit to help lower their monthly mortgage costs.
The mortgage 'lock-in effect' could worsen wealth inequality and is likely to last for years to come, according to a group of researchers at the Federal Housing Finance Agency.
Thursday sign-offs have also shifted earlier, to around 5 p.m. on average, possibly because more workers are going into offices and commuting home rather than letting remote work bleed into the evening, per the WSJ.
“AI will substitute for a doctor making a difficult diagnosis…before it substitutes for a nurse’s ability to hold a patient’s hand when the patient is frightened,” he said.
Short selling on individual US-listed stocks is at its highest level in six months, with shares in the tech, telecom and media sector among the most targeted, according to Goldman Sachs, $GS.
Drivers of cars manufactured by General Motors, $GM, Ford, $F, Honda and other popular brands are secretly spying on their drivers and driving insurance rates through the roof, per NYP.
Nearly four in 10 (38%) of U.S. adults said their overall financial situation is more stressful than it was 12 months ago, at a time when the majority of Americans say inflation is causing them to save less for unexpected expenses.
With a total of $1.13 trillion in debt, credit card debt that moved into serious delinquency amounted to 6.6% in Q4 2023, while it had been around 4% at the end of 2022.
While the price of cereals declined 0.3% in 2023, it had increased in previous years – 6% for breakfast cereals in 2021 and 13% for breakfast cereal in 2022.