The housing market has been experiencing unprecedented dynamics due to various factors that can be traced back two decades ago to the subprime mortgage boom. The aftermath of the subprime mortgage crisis and the Great Recession caused a significant decrease in housing starts, with new homes making up a mere 6% of total for-sale supply
Athletic Brewing Company, a leading nonalcoholic brewer, made headlines with the announcement of an additional $50 million in equity financing led by General Atlantic. This round of financing is expected to be just the beginning, with General Atlantic showing interest in investing even more. The company’s CEO and founder, Bill Shufelt, expressed his excitement about
BP, a British multinational oil and gas firm, experienced a significant drop in its shares after announcing an expected impairment of up to $2 billion in the second quarter. This news, coupled with warnings of lower refining margins, has caused concern among investors and analysts alike. The share price of BP plummeted by 2.6% in
The uncertainty surrounding President Joe Biden’s decision on seeking reelection is a headline that is currently making the rounds. Stifel, a prominent financial firm, has predicted a 40% chance that Biden will not run for another term. This prediction has raised questions about the effectiveness of Biden’s campaign as Congress resumes its activities post the
The San Francisco real estate market has been facing significant challenges, with the vacancy rate for office space reaching a record high of 34.5% in the second quarter. This increase is a concerning trend, especially when compared to the numbers from the same period a year ago, which stood at 28.1%. The drop in the
When planning for retirement, it’s crucial to understand how your investment choices could impact your future tax obligations. Many individuals have a significant portion of their savings tied up in tax-deferred accounts like traditional 401(k)s and IRAs, which means that they will be subject to income taxes upon withdrawal. This can potentially push them into
The summer of 2023 has witnessed a surge in air travel demand, with record numbers of passengers passing through U.S. airport checkpoints. However, this spike in demand has not translated into record profits for U.S. airlines. Despite forecasts of record demand and revenue by some carriers, the industry is facing financial challenges due to higher
Boeing has recently made headlines by agreeing to plead guilty to criminal fraud related to the tragic 737 Max crashes. This decision, while making the U.S. aerospace giant a felon, also allows it to avoid a trial as it tries to move past the safety and manufacturing crises it has faced. The agreement stipulates that
Imagine the sinking feeling in your stomach when you realize that your wallet is missing. That was the unfortunate situation I found myself in last week as I was packing up to leave work. The empty space in my backpack that should have held my wallet sent my heart racing and my mind into a
Paramount Global recently made headlines by announcing its agreement to merge with Skydance, in what has been a monthslong negotiation process filled with twists and turns. This merger signifies a significant change as the Redstone family relinquishes control of the iconic movie studio and media company. The agreement was reached after Paramount’s special committee gave