As American society ages, the dynamics of homeownership among older adults are more complicated than they may appear. While it remains true that older Americans represent the most significant demographic of homeowners in the United States, an increasingly sizeable portion is opting for rental arrangements during their retirement years. Understanding the forces driving these choices,
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Levi Strauss & Co., a cornerstone of the denim industry, finds itself at a crossroads. As consumers increasingly seek stylish jeans, the iconic brand has seen a resurgence in its core offerings. However, the company’s financial health is not solely buoyed by this retro revival; it grapples with internal brand issues, most notably with its
In a move that has caught the attention of investors, Costco has expanded its inventory to include Swiss-made platinum bars. This strategic decision highlights the wholesaler’s keen interest in the lucrative precious metals market. Initially, Costco introduced gold bars to their offerings in August 2023, and the demand was overwhelming, demonstrating a clear appetite for
On a pivotal Thursday, the Food and Drug Administration (FDA) granted approval to Cobenfy, a groundbreaking medication developed by Bristol Myers Squibb for the treatment of schizophrenia. This innovative drug marks the first significant advancement in schizophrenia treatment in over 70 years. Schizophrenia is a chronic mental health disorder that profoundly disrupts an individual’s cognition,
David Tepper, founder of Appaloosa Management, recently expressed significant views regarding the U.S. Federal Reserve’s (Fed) latest interest rate cuts and their implications for the market. In a conversation on CNBC’s “Squawk Box,” Tepper emphasized the importance of investor trust in the Fed’s communication, asserting that the central bank must maintain its credibility. His comments
In the vibrant and competitive landscape of China’s smartphone market, the spotlight is firmly set on two tech titans: Apple and Huawei. As both companies unveiled their latest flagship devices—the iPhone 16 series and the Huawei Mate XT trifold phone—consumers are finding themselves at a crossroads, gravitating not just towards the familiar allure of Apple
In August, the housing market experienced a noticeable decline in existing home sales, with transactions for previously owned homes falling by 2.5% from July levels. The National Association of Realtors (NAR) reported that sales reached a seasonally adjusted annualized rate of 3.86 million units, slightly under analysts’ expectations and reflecting a 4.2% decrease compared to
The upcoming election has many investors concerned about potential changes to capital gains taxes. Democratic presidential nominee Vice President Kamala Harris recently proposed a 28% tax on long-term capital gains for individuals earning over $1 million annually, a plan that differs from President Joe Biden’s proposal of 39.6% for high earners. Harris also suggested raising
Vice President Kamala Harris has recently announced a proposal to increase the capital gains tax rate from 20% to 28% for households earning over $1 million annually. This increase is part of Harris’s plan to tax investment income at a rate that rewards innovators, founders, and small businesses. If implemented, this change would have significant
The housing market has been witnessing an interesting shift in recent times. While the supply of homes for sale is still lower than historical standards, it is on the rise. According to a report from Realtor.com, active listings in August saw a significant increase of 36% compared to the same month last year. This marks