The dream of homeownership seems to be slipping further away for renters, according to a recent survey released by the New York Federal Reserve. The survey revealed that only 13.4% of renters as of February possessed hopes of “residential mobility,” marking a record low in the central bank’s annual housing survey for 2024. This percentage
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During Berkshire Hathaway’s shareholder’s meeting, Warren Buffett openly discussed a future where he is no longer at the helm of the conglomerate he founded. At the age of 94, he delved into thoughts on his own mortality, especially after the passing of his close friend and business partner, Charlie Munger. The void left by Munger’s
The article discusses the indictment of Mark Schultz, a California man, on charges of threatening Fulton County District Attorney Fani Willis. Schultz made violent threats against Willis, including one comment that implied she would be killed. Additionally, he used racial slurs in his threats against her. This behavior is deeply concerning and highlights the dangers
The recent news that the auditing firm for Trump Media and its owner were charged with “massive fraud” by the Securities and Exchange Commission has sent shockwaves through the financial industry. This case highlights the serious repercussions of fraudulent practices in the auditing profession and raises questions about the reliability of financial information provided to
Workplace productivity quotas have long been a topic of debate, especially when it comes to warehouse employers like Amazon. The pressure to meet these quotas often leads to employees working faster and without taking necessary breaks, putting their safety and well-being at risk. Recently, Democratic Sen. Ed Markey introduced the Warehouse Worker Protection Act, aiming
Investors eagerly await the Federal Reserve’s monetary policy decision, speculating on the potential for a rate cut to assist in covering interest payments for the national debt. According to fund manager Freddie Lait, any rate cut by the Fed may not necessarily be driven by economic factors but rather by the need to manage the
In a significant shift, Amazon’s operating margin hit double digits for the first time in its history during the first quarter. The company’s margin surged to 10.7%, surpassing previous highs and reaching levels that have exceeded investor expectations. This milestone is a testament to CEO Andy Jassy’s focus on services and cost management strategies that
Norway’s $1.6 trillion sovereign wealth fund has made it clear that they will continue to prioritize investments based on environmental, social, and governance (ESG) factors. Despite facing backlash from certain political quarters, the fund remains committed to its agenda. In a time where environmentally conscious investments have become a contentious issue in the Western world,
The tech industry, known for its fast-paced growth and innovation, has been experiencing a wave of layoffs despite significant earnings from industry giants like Alphabet and Microsoft. According to Layoffs.fyi, over 263,000 jobs were lost in the tech sector in 2023 alone, and there have already been more than 75,000 job cuts in 2024. This
Following the aftermath of a series of 79 tornadoes across six states, including Nebraska and Iowa, reports of demolished homes and collapsed buildings have been flooding in. The city of Omaha, Nebraska, felt the brunt of the destructive tornado, with Mayor Jean Stothert confirming in a Facebook post that while no deaths had been reported,