Demand for rural properties has dropped in the U.K. Geography Photos / Contributor / Getty Images Demand for rural homes in Britain dropped as the pandemic trend of relocating to the countryside faded, according to real estate website Zoopla. Enquiries for properties in areas of Kent, known as the GardenContinue Reading
U.S. stocks cratered on Friday in their worst day since the throes of September’s sell-off after the government’s monthly employment report showed labor conditions remained tight last month despite a slowdown in hiring — dashing any hopes the Federal Reserve will pivot on its aggressive rate hiking path. The U.S.Continue Reading
The third quarter of every year is historically the busiest for apartment rentals, but demand fell this year, according to RealPage. It’s the first time the rental technology platform has recorded a third-quarter drop in the 30 years it’s been tracking the metric. Demand fell by more than 82,000 unitsContinue Reading
The Biden administration plans to expand export restrictions for U.S. chip companies to China, according to a new report. Reuters reported Sunday night that the new curbs on artificial-intelligence semiconductors and chip-making tools will be based on restrictions issued earlier this year in letters to KLA Corp. KLAC, +2.16%, LamContinue Reading
WESTLAKE, Texas–(BUSINESS WIRE)– According to Charles Schwab’s SDBA Indicators Report, an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts (SDBAs), the average account balance across all participant accounts finished at $283,485 for the second quarter ending June 30, an 18.58% decrease year-over-year and a 14.62% decrease fromContinue Reading
Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Dick’s Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and boosted its financial outlook for the year. TheContinue Reading
andresr | E+ | Getty Images Covid-19 relief and record-low interest rates boosted many Americans’ finances during the pandemic. That has been especially true for millennials, who have on average built significant wealth. Millennials, born between 1981 and 1996, have more than doubled their total net worth, reaching $9.38 trillionContinue Reading
Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower. The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on Wednesday, when the Fed announced its latest rate hike, according to Mortgage News Daily. TheContinue Reading
(Bloomberg) — Elon Musk denied he had an affair with Sergey Brin’s wife, after the Wall Street Journal reported that the liaison led the Google co-founder to sell his investments in Musk’s companies. Most Read from Bloomberg Musk, the co-founder of Tesla Inc., had an alleged liaison in early DecemberContinue Reading
The U.S. Bureau of Labor Statistics said Tuesday that a release circulating online purporting to show June inflation data, due for release on Wednesday morning, was a forgery. “We’re aware of a fake CPI release image circulating on Twitter. It is a fake. Stay tuned for the real CPI releaseContinue Reading