The anticipation surrounding Federal Reserve Chair Jerome Powell’s upcoming policy speech is palpable, yet the likelihood of any groundbreaking news emerging from his address appears slim. The market seems to have already made up its mind about the Fed’s course of action, with widespread speculation stating that the central bank will commence lowering interest rates
App
Kamala Harris, Vice President of the United States, recently unveiled an economic policy proposal that focuses on increasing affordable housing in the country. Harris aims to lower the costs of owning and renting a home in the U.S. by constructing 3 million new housing units over the next four years. This proposal has been met
Federal Reserve chair Jerome Powell’s recent announcement hinting at a potential cut in interest rates has left investors speculating about the implications for their investment strategies. The possibility of the first rate cut in over four years has raised questions about how to navigate this policy shift and adjust portfolios accordingly. Financial advisors are advising
The Biden administration recently announced that it will resume offering free at-home Covid-19 tests to American households starting in late September. This decision comes at a time when the virus is making a resurgence in the U.S. during the summer months. Through the COVIDtests.gov website, Americans will have the opportunity to request up to four
Recent reports have shown that the shareholder returns for top homebuilders, such as D.R. Horton and Lennar, have outpaced the wider S&P 500 index between August 2014 and August 2024. However, analysts have recently downgraded the investment outlook for both companies this summer. This shift in sentiment has raised concerns among investors about the future
Auction sales during Monterey Car Week experienced a 3% decline from the previous year, which can be attributed to a shift from older classic cars to newer models. This change in preference has left a surplus of unsold classics from the 1950s and 1960s, signaling a transformation within the high-end car market. This transition was
Managing taxes can be a daunting task for retirees who have income from various sources such as Social Security, pensions, retirement plans, or other investments. The quarterly estimated tax deadlines for 2024 might seem like a hassle, but there is a lesser-known strategy that can help retirees cover their taxes efficiently. Experts suggest utilizing required
The real estate market experienced a 1.3% increase in closed sales of previously owned homes in July compared to June, reaching a seasonally adjusted annual rate of 3.95 million units. Despite this slight improvement, sales were 2.5% lower compared to the same period last year. Sales performed best in the Northeast region, while the Midwest
Philadelphia Federal Reserve President Patrick Harker recently expressed his support for an interest rate cut during the upcoming September meeting. He emphasized the need for a methodical approach and clear signaling to the markets. Following the release of minutes from the previous Fed policy meeting, officials have gained confidence in the trajectory of inflation and
The future of Paramount Global hangs in the balance as the special committee announced an extension of the “go shop” period for its merger agreement with Skydance. This decision comes in light of a competing offer from Edgar Bronfman Jr. who initially proposed $4.3 billion for National Amusements, the controlling shareholder of Paramount. However, Bronfman