Business

Redfin: These housing markets are the most at risk of falling home prices

Redfin: These housing markets are the most at risk of falling home prices

Homebuyers had enough. Spiked mortgage rates on top of record home price appreciation—up 42% since the onset of the pandemic—pushed monthly mortgage payments to a level that is simply unattainable for tens of millions of would-be buyers. As more buyers take a rain check, the housing market correction only gets more intense. This week, we …

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What is a recession? Wikipedia can't decide

What is a recession? Wikipedia can’t decide

Wikipedia has locked its page for “recession,” setting restrictions on who can edit the entry until next week. The freeze was set after editors made a series of revisions to the definition of “recession.” Pavlo Gonchar/SOPA Images/LightRocket via Getty Images hide caption toggle caption Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Wikipedia has locked its page …

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$7 billion verdict awarded after Charter Spectrum tried to forge documents in a murder case

$7 billion verdict awarded after Charter Spectrum tried to forge documents in a murder case

A jury in Texas found Charter Communications liable for $7 billion in punitive damages this week as the result of a lawsuit from the family of Betty Jo McClain Thomas, an 83-year-old woman who was stabbed to death by one of its employees in December 2019. The $7 billion is in addition to $375 million …

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Elon Musk flips bird at Twitter, files countersuit in legal battle

Elon Musk flips bird at Twitter, files countersuit in legal battle

Elon Musk filed a countersuit against Twitter on Friday, escalating his legal battle with the social media company over his abandoned $44 billion agreement to take over the site. The 164-page suit was filed under seal just before the judge-imposed 5 p.m. deadline, so its contents were not immediately visible to the public. Under court …

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Investing Club: The week in review, the week ahead — July 29, 2022

Investing Club: The week in review, the week ahead — July 29, 2022

The major averages all gained for another winning week, capping the best month for stocks in 2022. It was also a week that perfectly exemplified why it’s often the expectations that matter far more than the actual numbers reported. On the macro front, in addition to a 75 basis point rate hike from the Federal …

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Top economic takeaways as US wrangles with recession fears

Top economic takeaways as US wrangles with recession fears

Back-to-back GDP slowdown, Fed doubling down, a cooling jobs market, red-hot prices and tech’s big bang, here are the main economic highlights from a busy week. It was an eventful, data-packed week for the US economy. The Federal Reserve, the country’s central bank, raised interest rates by 75 basis points on Wednesday, the second time …

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Southwest Airlines Introduces A Perk Customers Will Love

Southwest Airlines Introduces A Perk Customers Will Love

The airline industry, as well as the world at large, was grounded once covid hit in March of 2020. Eventually some flights were available in 2020 with enhanced safety precautions, but relatively few people felt like taking the risk. So it was no surprise when the The International Air Transport Association confirmed that 2020 was …

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The Federal Reserve's slight shift in monetary policy will drive bullish momentum in gold price next week

The Federal Reserve’s slight shift in monetary policy will drive bullish momentum in gold price next week

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – According to the latest Kitco News Weekly Gold Survey, Wall Street analysts and Main Street investors see the …

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Carnival Cruise Line Ship

Carnival Cruise Line Drops Testing on Shorter Sailings and Updates Protocols

Carnival Cruise Line has announced today, July 29, that it will be removing all pre-cruise testing requirements for vaccinated guests on short cruises of 5 nights or less, effective August 4. The cruise line will be introducing further changes in phases.  Carnival will also be changing the amount of time that guests will need to …

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