In a recent survey conducted by Clever.com, it was found that 77% of potential homebuyers have already started saving for their down payment. The study also revealed that more than half of these buyers plan to put down less than 20% of the home’s value. While the traditional belief is that a 20% down payment
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Norfolk Southern, a major railway company, has reached a settlement agreement to pay a substantial sum of $310 million to address the aftermath of a toxic train derailment that occurred in East Palestine, Ohio, in February 2023. The company disclosed that a significant portion of the settlement, approximately $235 million, will be allocated towards covering
In recent years, activist investors have faced defeat after defeat in proxy fights, leading to questions about their credibility and power. These so-called “activist investors” differ from the original activists who championed governance reforms years ago. The ultimate question remains: Do today’s activist investors truly add economic value? Judging by their track records, it seems
The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, over alleged antitrust violations. This legal action stems from a DOJ investigation that began in 2022, focusing on whether Live Nation holds a monopoly within the ticketing industry. The probe was initiated after fan
One of the prime opportunities for teenagers working summer jobs is to open a retirement account and start saving for the future, according to experts. Certified financial planner Carol Fabbri explains that Roth individual retirement accounts (IRAs) can be “triple-tax efficient” for teenagers. Roth IRAs are funded with after-tax dollars, and since teens often earn
The sales of newly built homes experienced a significant decline of 4.7% in April compared to March. Additionally, there was a larger drop of 7.7% from the previous year, as reported by the U.S. Census. The data indicates a concerning trend in the new home sales market, which can be attributed to various factors. One
Housekeepers in Palm Beach are experiencing a surge in demand, with salaries often exceeding $150,000. This increase in demand can be attributed to the mass wealth migration from high-tax states to Florida, especially elite enclaves like Palm Beach. Staffing agencies have noted that wealthy homeowners are now engaged in bidding wars to secure household staff,
Nvidia shares skyrocketed to over $1,000 for the first time in extended trading following the release of the chipmaker’s fiscal first-quarter results that exceeded analyst expectations. This remarkable jump in stock price highlights the confidence investors have in Nvidia’s performance and the AI industry as a whole. Financial Performance Highlights Nvidia reported impressive figures in
E.l.f. Beauty, a popular eyes, lip, face company, celebrated its first billion-dollar fiscal year recently. The sales of the company saw a massive spike of 77%, showcasing its popularity among consumers. Despite these impressive numbers, the shares of the retailer fell as E.l.f. Beauty made a statement about expecting its growth to slow down in
The S&P 500 recently reached a new record close, with a remarkable 53% increase since the peak of inflation in 2022. Experts at the CNBC Financial Advisor Summit highlighted the positive outlook for equities, with Savita Subramanian from Bank of America expressing a strong confidence in the market. Despite concerns such as wealth inequality and