In a recent story, we examined how homeownership has changed since the days of the 2000s housing bubble, its bursting, and the ensuing Great Recession. As September 2022 dawns, it has been almost 15 years since the beginning of the Great Recession. According to the National Bureau of Economic Research (NBER), the Great Recession started
Month: August 2022
In this article WMT A sign hangs outside a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson |Getty Images Walmart-owned Sam’s Club said Wednesday it will raise its annual fees this fall, as the warehouse club’s membership hovers at a record high and inflation-pinched shoppers seek deals on bulk items. Fees
In this article DIS PSTG OKTA NTNX MDB FIVE The inside of one of Five Below’s existing locations. Five Below Check out the companies making headlines after hours. Pure Storage — The tech stock jumped 7% after the data storage developer surpassed profit and revenue expectations. Pure Storage also issued strong third-quarter and full-year revenue
When Warren Buffett writes his name on something, it becomes instantly valuable — to the tune of $75,100. That’s how much an anonymous eBay user bid on Tuesday to win a unique piece of artwork: a 26-inch autographed print of Buffett overlaid with motivational quotes from the billionaire, including “Women make me optimistic about America.”
Morsa Images | E+ | Getty Images Many investors worry a recession is coming amid rising interest rates, high inflation and stock market volatility. But the majority haven’t changed their portfolios, according to research from Fidelity Investments. Only 5% of 401(k) and 403(b) investors shifted asset allocations during the second quarter of 2022, the report
d3sign | Moment | Getty Images Identity crime involving government benefits, social media accounts and other scams jumped by 36% in 2021 to an all-time high, according to the Identity Theft Resource Center. The good news is that there are several ways individuals can protect themselves. About 15,000 people reported an identity-related crime or attempted
When it comes to inventory taxes, five issues are readily identified. First, they are complex. Second, businesses that pay inventory taxes hate them. Third, inventory taxes are unfair because they are nonneutral, and businesses that must maintain large inventories, such as manufacturers and retailers, are penalized by paying more in tax than businesses maintaining smaller
Who won the $1 billion+ Mega Millions lottery drawing of July 29, 2022? No announcement has been made as of yet, and in fact, it is possible that we may never know the identity of the winner. (The winning ticket was purchased in Illinois, a state that permits lottery-winner anonymity for those who win prizes
A collection of fine art photography by internationally acclaimed artist and musician Julian Lennon will be on display and for sale at the opening celebration of The Heritage – A Legacy Show Home, located in the gated Heritage Dunes community in scenic Seagrove Beach, Florida. The opening night soiree for Lennon’s photography will take place
In this article BBBY A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond said Wednesday that it secured more than $500 million in new financing and that it is closing stores and laying off staff as
Russia’s Gazprom saw its shares surge on Wednesday after reporting bumper first-half profits and announcing a new dividend to shareholders. Stoyan Vassev | Press service of Gazprom Neft | via Reuters Russian gas giant Gazprom posted a record first-half profit and promised new dividends to shareholders, sending its shares soaring more than 27% in early
The logo of Swedish payment provider Klarna. Thomas Trutschel | Photothek | Getty Images Klarna on Wednesday reported a dramatic jump in losses in the first half, adding to a deluge of negative news for the “buy now, pay later” pioneer. The Swedish payments firm generated revenues of 9.1 billion Swedish krona ($950 million) in
If there’s one thing Kevin O’Leary has learned from more than three decades as an investor, it’s that not every bet pays off. On ABC’s “Shark Tank,” O’Leary has invested more than $8.5 million in roughly 40 companies since the show debuted in 2009, according to an estimate from Sharkalytics. The longtime investor and chairman
zimmytws | iStock | Getty Images As the November elections midterm elections approach, leaders on both sides of the aisle are trading barbs on one key program that affects millions of Americans — Social Security. Over the weekend, President Joe Biden called out certain lawmakers on Twitter, including Republican Senators Rick Scott of Florida and
The IRS gets a piece of most lawsuit recoveries, but how taxes play out on this one might surprise you. A Los Angeles jury found LA County liable for negligence and invasion of privacy, awarding Kobe Bryant’s widow $16 million and $15 million to Chris Chester, whose wife and daughter Peyton were also killed. The
The median net worth of retirees aged 65-74 was only $266,000 in 2019, of which $240,000 was in their homes. All indications are that in the last few years, the problem has gotten worse. Bottom line, at least half of all retirees today live in fear of having to live on meager social security benefits.
The days of frenzied sales with waived inspections might be behind us as buyers regain a bit of bargaining power. According to a new Realtor.com survey, 92% of people who sold their home within the last year accepted some buyer-friendly terms and 41% accepted some contingencies to entice buyers into signing contracts. Additionally, among those
Grainwave, a Belgian-Style white ale, THC infused, non-alcoholic cannabis beer at the Ceria Brewing Co. at the Keef Cola facility December 13, 2018. Andy Cross | Denver Post | Getty Images You can smoke it, vape it and eat it. Now as more U.S. states legalize recreational marijuana, companies are betting people will also want
In this article CRWD HPQ CHWY PVH Chewy CEO Sumit Singh (C) rings the opening bell to commence the day’s trading for the Chewy Inc. IPO at the New York Stock Exchange (NYSE), June 14, 2019. Andrew Kelly | Reuters Check out the companies making headlines after the bell: Chewy — Chewy shares slumped 8%
Stan Horwitz and his family didn’t have any plans regarding long-term care until there was a crisis. His father, Martin, was in his late 80s and lived alone. He was reluctant to accept any assistance from his children. One day, Stan and his sister found their dad unconscious in his living room after a fall.
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