During the Covid pandemic, home prices have shot up nearly nationwide while household income fell. As a result, homeownership became out of reach for many would-be buyers. However, affordability was a growing problem well before 2020 and the start of the pandemic. In the last decade, the median home price rose roughly 30% and incomes
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A person using the Zilch app. Zilch LONDON — British start-up Zilch is riding the “buy now, pay later” wave to America. The London-based company said Wednesday it has raised $110 million in a fresh round of funding which values it at $2 billion — four times the $500 million Zilch was worth in its
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Quarterback Aaron Rodgers #12 of the Green Bay Packers watches from the sidelines during the second half of the NFL game at State Farm Stadium on October 28, 2021 in Glendale, Arizona. The Packers defeated the Cardinals 24-21. Christian Petersen | Getty Images The National Football League has fined the Green Bay Packers and their
In this article DASH DoorDash announced Tuesday it’s acquiring Wolt, a food delivery platform that’s expanded into groceries and retail, in an all-stock transaction valued at $8.1 billion. The move is an effort to accelerate the company’s international growth. Shares of DoorDash popped more than 11% in after-hours trading following an initial dip. Wolt has about
In this article NCLH DIS CCL U.S. News & World Report on Tuesday published its ranking of the “best” cruise lines of 2022. The publication evaluated 17 cruise lines through a combination of expert evaluations (30%), traveler reviews (50%) and health ratings published by the U.S. Centers for Disease Control and Prevention’s Vessel Sanitation Program
A prototype vehicle launches out of the company’s suborbital accelerator during its first test flight on October 22, 2021 at Spaceport America in New Mexico. SpinLaunch SpinLaunch, a start-up that is building an alternative method of launching spacecraft to orbit, last month conducted the successful first test flight of a prototype in New Mexico. The
Douglas Sacha | Moment | Getty Images Thousands of Americans living abroad received stimulus checks during the Covid-19 pandemic, according to federal data. While that may sound incongruous with the notion of “stimulus” for the U.S. economy, lawmakers generally had a sound rationale for sending funds overseas, according to tax policy experts. “They are casting
On the heels of Halloween, leaders of the world’s 20 biggest economies endorsed a global minimum tax of 15 percent on large multinational corporations. The minimum tax, signed in Rome and announced by the Organisation for Economic Co-operation and Development (OECD), is intended to curb profit shifting and limit tax rate competition between governments. In
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U.S. equity futures were little changed on Tuesday night as investors await key data on Wednesday that’ll be the next big indicator of how much rising price pressures are accelerating. Dow Jones Industrial Average futures fell 41 points, or 0.1%. S&P 500 and Nasdaq 100 futures dipped 0.1%. In regular trading, the Dow lost about
Ben Rains breaks down the market’s strong start to the fourth quarter that includes an impressive streak for the S&P 500. We then transition over to two retail titans, Walmart (WMT) and Target (TGT), ahead of their upcoming Q3 financial releases to see if either stock might be worth buying as we enter the heart
College life can be stressful as students try to juggle schoolwork, employment, internships, extracurricular activities and their social lives — all while living on their own, many for the first time. And, while the pandemic added an extra layer of stress for all of us, young adults were hit harder than other generations. “Even though
In this article BTC.BS=-USS COIN The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase, the largest cryptocurrency exchange in the U.S., reported third-quarter earnings after the bell on Tuesday
NASA Administrator Bill Nelson speaks at a press briefing at the Kennedy Space Center in advance of the launch of the Boeing Starliner Orbital Flight Test 2. Paul Hennessy | LightRocket | Getty Images The National Aeronautics and Space Administration on Tuesday delayed its plans to return astronauts to the surface of the moon, announcing
skynesher | E+ | Getty Images It’s no secret that there is a gender pay gap in the U.S. Women earned just 84% of what men made in 2020, according to the Pew Research Center. Consequently, it would take female workers an extra 42 days to make the same income men did that year. Now,
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In this article WE Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters Ousted WeWork CEO Adam Neumann said Tuesday that the company’s private, $47 billion valuation went to his head, in the first interview since departing the company in 2019 amid its botched IPO. “So yes the valuation made us feel like we were
Ornamental statues at China Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — The U.S. Federal Reserve warned Monday of potential spillover from China’s real estate troubles to the U.S. financial system. Since this summer,
Tesla Model 3 electric vehicles at a Hertz neighborhood location. Hertz Shareholders of Hertz Global Holdings increased the size of their public offering of shares by 20%, ahead of plans to relist the stock on the Nasdaq on Tuesday under the ticker symbol “HTZ.” The Estero, Florida-based car-rental company late Monday said the pricing of