For the first time in 2 years, there’s no major American metro where home prices are falling, per Redfin.
Nationwide, the median sale price rose to a near-record $383,188, up 4.8% year over year. Median monthly housing payment is at a record $2,890, up 15% year over year.
63% of new audits as of Summer 2023 targeted taxpayers with income of less than $200,000, according to figures compiled by The Wall Street Journal’s editorial board
'The Diverse Investing Collective has launched a data dashboard that measures how much money is in the hands of gender-diverse and racially diverse portfolio management teams.... The initial version of the dashboard focuses on gender and a second version that will provide data on race and ethnicity in addition to gender will be released later in 2024.'
MST offers expert insights on finance lease accounting, simplifying compliance and enhancing your financial strategy with accurate, efficient solutions.
>160k student loan borrowers are now in line to have their balances canceled, bringing the total amount of #DebtForgiveness allowed under the Biden admin’s policies to $167B, the #Education Dept announced Wed.
With the #election months away, #POTUS#Biden is lauding his admin’s achievements in delivering loan cancellation to nearly 4.8M people through a mix of existing programs & new policies. #Republicans have remained staunchly opposed to the effort, decrying it as a waste of taxpayers’ money & patently unfair to Americans who never went to college.
“I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” #Biden said in a stmnt Wed. “I will never stop working to cancel student debt — no matter how many times Republican elected ofcls try to stop us.”
Canada’s Big Five banks are still infiltrated by fossil fuel directors
🧵 1/?
"Canada’s largest banks are deeply entrenched in fossil fuels, having pumped at least $1.2 trillion into the sector since the Paris Agreement was signed in late 2015. But it’s not just their investments and lending that are increasingly under scrutiny –– it’s their leadership, too."
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It's fun to blame Red Lobster going down because of all you can eat shrimp, but no one really emphasizes this bit:
"A private equity firm bought the chain ten years ago from Darden Restaurants.... The firm, Golden Gate Capital, funded the deal partly by selling Red Lobster's real estate.
That meant the chain had to start paying rent. That's now a major financial factor in Red Lobster's bankruptcy filing"
VC again leaving a trail of destruction behind them
There should be written more about the businesscases Bigtech sees with regard to AI, especially in the consumer market. Functionalities and costs increase but i read very little about how will they get a reward on their investment of billions. In the end we will have to pay, somewhere, somehow.... #AI#businesscase#costs#finance
This week: Using paper for finance tracking has been invaluable for helping me understand the process, shaping my Markdown budget trackers into a text-based, hands-on envelope budgeting approach. Simple calculations mean I can take charge of my incomings and outgoings without a standard spreadsheet.
As an #engineer, if I had any other #data series that was pretty smooth for several years and then started getting very spiky month to month, I'd look for some underlying malfunction.
Foreign ministers from 13 countries warn Israel against Rafah assault
Foreign ministers from 13 countries have signed a letter warning Israel to halt its ground invasion of Rafah and to allow more aid to reach the Palestinian population.
The letter was signed by the foreign ministers of the G7 states: Germany, France, the UK, Italy, Japan and Canada, as well as their counterparts from Australia, Denmark, Finland, the Netherlands, New Zealand, South Korea and Sweden.
Speculators have purchased long-forgotten 2nd mortgages from back during the housing loan crisis, sometimes at pennies on the dollar. They've made little attempt to collect for years, then suddenly they're demanding payment with interest or they'll foreclose on the home.
MST: Comprehensive Guide to Finance Lease Accounting for Your Business (www.mstiller.com)
MST offers expert insights on finance lease accounting, simplifying compliance and enhancing your financial strategy with accurate, efficient solutions.