Affordable housing is a key component of the opportunity economy that Vice President Kamala Harris has recently outlined. She emphasized the importance of making homeownership more accessible in the U.S. during a speech in Raleigh, North Carolina. Harris proposed the construction of 3 million new housing units, both for rent and for sale, over the
Last week, Fed Chairman Jerome Powell’s speech at Jackson Hole provided investors with the news they were waiting for. Powell mentioned the possibility of interest rate cuts, which resulted in the market expecting cuts totaling 100 basis points by the end of the year. The CME FedWatch tool predicts a 25-basis-point cut in September, a
Cava Group, a fast-casual restaurant brand, saw its shares climb nearly 6% in after-hours trading following a better-than-expected earnings report. The company posted a profit of 17 cents per share, which was 4 cents above the LSEG estimate. Additionally, its revenue also exceeded expectations, contributing to the positive movement in its stock price. Uber: Down
Minnesota Gov. Tim Walz recently highlighted the importance of Social Security survivor benefits in his family’s life during his speech at the Democratic National Convention. His personal experience shed light on the pivotal role these benefits play in supporting families who have lost a parent. Despite the significant impact these benefits can have, many families
In anticipation of the Federal Reserve’s interest rate decision in September, more investors are turning their attention towards dividend stocks. This strategic move is being suggested by Paul Baiocchi of SS&C ALPS Advisors, who believes that the Fed will likely ease rates. Baiocchi, the chief ETF strategist, highlighted that investors are veering away from money
Boeing’s Starliner capsule, which was intended to return NASA astronauts from the International Space Station, will now be returning empty. This decision came as a surprising announcement from NASA, as it revealed that the astronauts Butch Wilmore and Suni Williams will be returning via SpaceX’s Dragon spacecraft instead. The decision has brought about a significant
The recent statements made by Federal Reserve Chair Jerome Powell have raised speculation about a potential interest rate cut in the near future. This move, if implemented, would be the first rate cut in over four years, marking a significant shift in monetary policy. Experts are predicting that this adjustment may come as soon as
The recent massive data breach at National Public Data, a background check company owned by Jerico Pictures Inc., has raised concerns about the security of personal information. The breach, which may have exposed over 2.9 billion personal records, has sparked fears among consumers about the safety of their sensitive data. While the company has released
When it comes to 401(k) contributions, there is a fine line between maximizing your savings and making financially sound decisions. While it is tempting to contribute the maximum amount allowed into your 401(k) plan, it may not be the best choice for everyone. Financial advisors advise that before making the decision to maximize your contributions,
Federal Reserve Chair Jerome Powell recently addressed the nation at the Fed’s annual retreat in Jackson Hole, Wyoming. During his speech, Powell emphasized the need for policy adjustments to be made in the near future. While he did not provide specific details on the timing or extent of these adjustments, he made it clear that