Category: United States

Why are eggs so expensive now?  Grocery prices continued to soar in July despite slower inflation overall, and eggs were among the foods experiencing the biggest increases. The average price of a dozen large, Grade A eggs was $ 2.94 in July, up 38% from the same period last year at $ 1.64, according to […]

Both prospective home buyers and sellers are backing off from the U.S. housing market, a new survey shows. Their anxiety over higher mortgage rates and a softening market was registered by the Fannie Mae Home Purchase Sentiment Index FNMA, -0.08%, which dropped by 2 points in July to 62.8. That’s the lowest level since 2011. […]

As rents continue to rise, consumers are beginning to feel the squeeze, a report notes. Analysis of dollars spent on Bank of America credit and debit cards in July by the Bank of America Institute found that median rent payments paid increased by 7.4%, as compared to the previous year. Median rent payments are ticking […]

Whether you think cryptocurrency is just a fad or the future of finance, it’s a fascinating technology. You probably made your last car purchase with boring old dollars, but maybe the next one will be with a digital currency. If you’re wondering if you can buy a car with cryptocurrency, you’re in the right place. Let’s take […]

Sometimes people ask me how to invest money that they won’t ever need. Most often, I hear this from investors who must take required minimum distributions from retirement accounts and don’t need the money to live on. In many cases they see this requirement as a problem. But instead, they could regard it as an […]

Sky-high housing prices still threaten to complicate the Federal Reserve’s inflation fight, even as America’s market for single-family homes shows signs of cooling in response to sharply higher interest rates. This week, Redfin reported the number of “stale” home listings climbed above 60% in July, reflecting the year’s surge in mortgage rates and concerns about […]

A 14-room duplex in one of New York City’s most well-heeled co-op buildings, 740 Park Ave., came on the market Wednesday asking $ 26 million. Built in 1929 by James T. Lee, the banker and real-estate investor grandfather of Jacqueline Kennedy Onassis, the building was designed by noted New York City architect Rosario Candela. The […]

A jersey that Michael Jordan wore during a 1998 NBA Finals game in Utah will be auctioned by Sotheby’s online from Sept. 6-14. With a presale estimate of between $ 3 million and $ 5 million, it will be the most expensive price for a Jordan jersey, or any piece of Jordan memorabilia, the auction […]

Potential homebuyers may soon see relief as the housing market added more inventory year-over-year for the first time since September 2019. Total listings increased 3.5% from July 2021, according to Realtor.com data released August 9. But the one year jump in listings isn’t enough to mitigate a years-long decline in inventory.  During this period, homebuyers […]

There’s a primal bond between parent and child. But sometimes it bends—and snaps off. As the child enters adulthood, longstanding resentments may intensify. At some point, unspoken conflict can fester and drive a wedge into the relationship. A new and painful stage sets in: estrangement. The parties are no longer in contact. And the parent […]

The S&P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned that it might not be a signal to go all in on equities. The S&P 500 SPX, +1.73% on Friday rose 1.7% to […]

The Internal Revenue Service’s operations are catching heat as the tax agency is in line for an $ 80 billion budget boost under the Democrats’ proposed spending plan — and now there’s intense attention being focused on IRS workers who actually pack heat. It started as criticism from Republican leaders that the tax-collecting agency would […]

Details of what the FBI took from former President Donald Trump’s Florida estate were released Friday, including top-secret documents. Agents took binders of photos, a handwritten note and a grant of clemency for Trump ally Roger Stone, according to a list of items removed Monday from the ex-president’s Mar-a-Lago private club in Palm Beach, Fla. […]

Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ended in June, the filing […]

Car and SUV buyers are getting closer to a first-ever tax credit for used and certified pre-owned electric vehicles, which ideally helps expand EVs from a just a luxury splurge to mass-market uptake. But in addition to tight supplies that make both new and used conventional cars and EVs harder to come by, consumers must […]

Retirees and those seeking secure income got two items of very good news this week, though you may only have heard about one. July’s inflation came in below fears (although a debate now rages on what the “real” inflation rate is—more on that below). Meanwhile, your ability to earn a guaranteed rate of return on […]

You may have noticed some older faces on the big screen this summer. We’ve had “Good Luck to You, Leo Grande,” featuring a 63-year-old Emma Thompson, as well as “Mrs. Harris Goes to Paris,” starring Lesley Manville, 66, and “Top Gun: Maverick” showcasing Tom Cruise, who just turned 60, in a role that twins action […]

GSK on Friday put out a statement saying there’s no link between a withdrawn heartburn medication and cancer, helping to stem a slide in its stock that had wiped out $ 44 billion in valuation from leading drugmakers. “The overwhelming weight of the scientific evidence supports the conclusion that there is no increased cancer risk […]

Nearly 3,000 miles from relieved Wall Street investors trading off cooler-than-expected price inflation data released this week, Vickey Vaughn was feeling sad and constrained. It’s a feeling the 64-year-old Los Angeles resident gets during grocery store trips. “I feel limited. No matter what I want to get, or the quantity, I know I have to […]

SEOUL — Samsung’s de facto leader, Lee Jae-yong, will receive a pardon on Monday, South Korea’s presidential office said, a legal reprieve underpinned by expectations that the business tycoon will help propel the nation’s economy. Lee, twice imprisoned for bribing South Korea’s former president, will have his criminal record from his 2017 conviction wiped clean. But […]