14 hours ago
Democrats in Congress gained the power Tuesday night to more forcefully investigate President Trump and rein in his agenda, setting up confrontations that are likely to define the final two years of his presidency.
As party leaders on Wednesday celebrated retaking the House and Senate, they vowed to put Trump and his administration on the defensive with subpoenas and hearings, a role that voters made clear they want them to play. But they also said the top priority would be the issue that swept them to power: making life more affordable.
"We are going to work hard to drive costs down with the president or without him, period," Sen. Chuck Schumer, who is poised to become Senate majority leader, said at a news conference.
Schumer's fellow New Yorker and the House Democratic leader, Rep. Hakeem Jeffries, echoed those priorities on CNN: "We ran on affordability, we won decisively on affordability, and now we have a responsibility to govern on affordability."
With power split between the legislative and executive branches, to what degree Washington avoids gridlock will depend on how Trump wields his veto pen and how the Democrats negotiate with him — and how they follow through on pledges to investigate what they called a corrupt administration.
#democrats #president #administration #leader
As party leaders on Wednesday celebrated retaking the House and Senate, they vowed to put Trump and his administration on the defensive with subpoenas and hearings, a role that voters made clear they want them to play. But they also said the top priority would be the issue that swept them to power: making life more affordable.
"We are going to work hard to drive costs down with the president or without him, period," Sen. Chuck Schumer, who is poised to become Senate majority leader, said at a news conference.
Schumer's fellow New Yorker and the House Democratic leader, Rep. Hakeem Jeffries, echoed those priorities on CNN: "We ran on affordability, we won decisively on affordability, and now we have a responsibility to govern on affordability."
With power split between the legislative and executive branches, to what degree Washington avoids gridlock will depend on how Trump wields his veto pen and how the Democrats negotiate with him — and how they follow through on pledges to investigate what they called a corrupt administration.
#democrats #president #administration #leader
19 hours ago
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Despite the ongoing affordability and cost-of-living crisis, Americans are trying to save as much money as possible for retirement. According to Fidelity's latest report, (1) the average savings rate for a 401(k) participant hit a record high of 14.4% (employee and employer contributions combined) in the second quarter of 2026.
Despite this ferocious pace of savings, many older Americans are anxious about their retirement prospects. In fact, 75% of pre-retirees over the age of 50 told F&G Annuities & Life (2) they were considering or had already delayed their retirement as of 2026.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
#Retirement #savings #according #life
Despite the ongoing affordability and cost-of-living crisis, Americans are trying to save as much money as possible for retirement. According to Fidelity's latest report, (1) the average savings rate for a 401(k) participant hit a record high of 14.4% (employee and employer contributions combined) in the second quarter of 2026.
Despite this ferocious pace of savings, many older Americans are anxious about their retirement prospects. In fact, 75% of pre-retirees over the age of 50 told F&G Annuities & Life (2) they were considering or had already delayed their retirement as of 2026.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
#Retirement #savings #according #life
10 days ago
In a housing market where affordability is increasingly out of reach for many buyers, Vic Bulbon is looking at a type of property that's becoming less expensive: condominiums.
With national home prices near record highs and mortgage rates topping 7% in recent weeks, buying a home remains out of reach for many Americans. Condos appear to offer a rare bright spot, with prices falling across the country.
But even with cheaper sales prices, rising homeowners' **** ociation (HOA) fees and one-time special **** sments are driving up ownership costs.
Now, guidelines released this year by Fannie Mae and Freddie Mac, the government-sponsored agencies that back nearly half of all US home purchases, aim to reduce the financial and structural risks of condo buildings. Real estate agents told CNN that the changes could add pressure to the condo market by further driving up HOA fees, increasing the total monthly bill for condo owners, and potentially eroding the savings of a lower purchase price.
As of mid-October, condo sales prices lagged behind single-family home prices in 99 of the 100 largest markets in the United States, according to data from financial services company Intercontinental Exchange provided to CNN. Nationally, single-family home prices rose 1.5% from a year earlier, while condo prices fell 1.1%.
#prices #home #sales #year
With national home prices near record highs and mortgage rates topping 7% in recent weeks, buying a home remains out of reach for many Americans. Condos appear to offer a rare bright spot, with prices falling across the country.
But even with cheaper sales prices, rising homeowners' **** ociation (HOA) fees and one-time special **** sments are driving up ownership costs.
Now, guidelines released this year by Fannie Mae and Freddie Mac, the government-sponsored agencies that back nearly half of all US home purchases, aim to reduce the financial and structural risks of condo buildings. Real estate agents told CNN that the changes could add pressure to the condo market by further driving up HOA fees, increasing the total monthly bill for condo owners, and potentially eroding the savings of a lower purchase price.
As of mid-October, condo sales prices lagged behind single-family home prices in 99 of the 100 largest markets in the United States, according to data from financial services company Intercontinental Exchange provided to CNN. Nationally, single-family home prices rose 1.5% from a year earlier, while condo prices fell 1.1%.
#prices #home #sales #year
29 days ago
WASHINGTON (AP) — Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank's most recent meeting.
The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years.
The increase defied President Donald Trump's repeated calls for the Fed to cut rates and prompted the president to criticize the Fed's rate-setting committee, though he still expressed support for Chairman Kevin Warsh, whom he appointed earlier this year. The rate increase comes as Americans are already struggling with high costs for groceries, gas and housing, and as affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away.
Longer-term interest rates for mortgages and other borrowing have also jumped in the past few months for a range of reasons, including rising government debt, heavy borrowing by tech firms to finance data center construction, climbing oil and gas prices, and signs that growth and inflation remain elevated. The Fed's rate hike has likely played only a limited role in the increase.
Still, key policymakers have said since the meeting that the Fed can take some time to monitor the economy and the impact of last month's rate hike before making another move. Wall Street investors now forecast the Fed will keep its rate unchanged at its next meeting Oct. 28-29, according to futures pricing, and raise it when they meet in December.
#officials
The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years.
The increase defied President Donald Trump's repeated calls for the Fed to cut rates and prompted the president to criticize the Fed's rate-setting committee, though he still expressed support for Chairman Kevin Warsh, whom he appointed earlier this year. The rate increase comes as Americans are already struggling with high costs for groceries, gas and housing, and as affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away.
Longer-term interest rates for mortgages and other borrowing have also jumped in the past few months for a range of reasons, including rising government debt, heavy borrowing by tech firms to finance data center construction, climbing oil and gas prices, and signs that growth and inflation remain elevated. The Fed's rate hike has likely played only a limited role in the increase.
Still, key policymakers have said since the meeting that the Fed can take some time to monitor the economy and the impact of last month's rate hike before making another move. Wall Street investors now forecast the Fed will keep its rate unchanged at its next meeting Oct. 28-29, according to futures pricing, and raise it when they meet in December.
#officials
29 days ago
By Ann Saphir
Oct 7 (Reuters) - The interest rate on the most common US home loan jumped last week to its highest in almost three years, worsening affordability for buyers four weeks before elections that will decide if President Donald Trump's Republicans keep control of Congress.
The average 30-year fixed-rate mortgage surged 19 basis points to 7.49% in the week ended October 2, the Mortgage Bankers **** ociation said on Wednesday. It was last higher in November 2023.
Mortgage rates are tied closely to the yield on US 10-year Treasury notes, which earlier this week hit a 24-year high, driven by worries over inflationary pressures from soaring oil prices and data showing stronger US economic growth.
The cost of living is the top issue on Americans' minds as they decide how they will vote on November 3, a Reuters/Ipsos poll completed on Monday showed, and is one reason why Trump's approval rating is at a record low of 32%.
#week #rate
Oct 7 (Reuters) - The interest rate on the most common US home loan jumped last week to its highest in almost three years, worsening affordability for buyers four weeks before elections that will decide if President Donald Trump's Republicans keep control of Congress.
The average 30-year fixed-rate mortgage surged 19 basis points to 7.49% in the week ended October 2, the Mortgage Bankers **** ociation said on Wednesday. It was last higher in November 2023.
Mortgage rates are tied closely to the yield on US 10-year Treasury notes, which earlier this week hit a 24-year high, driven by worries over inflationary pressures from soaring oil prices and data showing stronger US economic growth.
The cost of living is the top issue on Americans' minds as they decide how they will vote on November 3, a Reuters/Ipsos poll completed on Monday showed, and is one reason why Trump's approval rating is at a record low of 32%.
#week #rate
1 month ago
Google and Constellation Energy announced a 20-year power purchase agreement on Tuesday to bring 890 megawatts of new nuclear capacity onto the PJM Interconnection grid, with Constellation committing more than $4.3 billion to fund the build-out.
The capacity will be generated through turbine, steam generator, and digital control system upgrades at 11 Constellation nuclear units in Illinois, Pennsylvania, and New Jersey, the companies said. The first uprate is expected to be delivered by 2028. The agreement is expected to sustain roughly 4,400 existing jobs and create approximately 7,200 new construction jobs during the building period.
Alongside the power purchase agreement, the companies entered into a separate 15-year energy supply agreement covering an additional 2,700 megawatts from Constellation's existing fleet in the PJM market, the company said.
"We're committed to meeting our growth responsibly by actively investing in clean, reliable power that brings new capacity to our nation's grids," Amanda Peterson Corio, global head of energy and power at Google, said in a statement. "Our agreement with Constellation to fund nuclear reactor uprates will strengthen the PJM grid, which serves 67 million people, all while protecting energy affordability and supporting local union jobs."
Joe Dominguez, chairman, president and CEO of Constellation, said in a statement that the collaboration "can serve as a model for how technology companies and the energy industry can work together to responsibly develop the digital economy."
#energy #capacity #Jobs
The capacity will be generated through turbine, steam generator, and digital control system upgrades at 11 Constellation nuclear units in Illinois, Pennsylvania, and New Jersey, the companies said. The first uprate is expected to be delivered by 2028. The agreement is expected to sustain roughly 4,400 existing jobs and create approximately 7,200 new construction jobs during the building period.
Alongside the power purchase agreement, the companies entered into a separate 15-year energy supply agreement covering an additional 2,700 megawatts from Constellation's existing fleet in the PJM market, the company said.
"We're committed to meeting our growth responsibly by actively investing in clean, reliable power that brings new capacity to our nation's grids," Amanda Peterson Corio, global head of energy and power at Google, said in a statement. "Our agreement with Constellation to fund nuclear reactor uprates will strengthen the PJM grid, which serves 67 million people, all while protecting energy affordability and supporting local union jobs."
Joe Dominguez, chairman, president and CEO of Constellation, said in a statement that the collaboration "can serve as a model for how technology companies and the energy industry can work together to responsibly develop the digital economy."
#energy #capacity #Jobs
1 month ago
President Donald Trump on Saturday pressured Republican Sen. Tom Cotton of Arkansas to support a bill to make daylight saving time permanent, urging Americans to call what appeared to be the personal cellphone number of Cotton, the chairman of the Senate Intelligence Committee.
The Sunshine Protection Act passed the House in July, but it faces roadblocks in the Senate where some Republicans are strongly opposed. Proponents, including the White House, argue that the change would provide more daylight during the times that Americans are most active. Detractors said permanent daylight saving time would lead to darker and potentially more hazardous winter mornings when children will be waiting for school buses and parents will be driving to work in darkness.
It was a remarkable escalation on Trump's part of a longstanding fixation shared by both men — with Trump supporting making daylight saving time permanent, and Cotton vociferously opposed — at a time just weeks before the midterms, when Republicans would prefer that the president focus on talking about affordability issues and the party's achievements. Cotton is also up for reelection this November, although that race is not expected to be competitive.
Daylight saving time is that period between spring and fall when clocks in most parts of the United States are set one hour ahead of standard time. Not all states observe it — and under the bill, states can opt out of the change if their respective legislatures act to do so before the bill's enactment.
"It's a lot of work for a lot of people, running around for two days, changing all the clocks in the house," Trump told reporters as his left the White House on Saturday for a rally in Vandalia, Ohio. "It discombobulates everybody," he said.
#House #Trump #saving #states
The Sunshine Protection Act passed the House in July, but it faces roadblocks in the Senate where some Republicans are strongly opposed. Proponents, including the White House, argue that the change would provide more daylight during the times that Americans are most active. Detractors said permanent daylight saving time would lead to darker and potentially more hazardous winter mornings when children will be waiting for school buses and parents will be driving to work in darkness.
It was a remarkable escalation on Trump's part of a longstanding fixation shared by both men — with Trump supporting making daylight saving time permanent, and Cotton vociferously opposed — at a time just weeks before the midterms, when Republicans would prefer that the president focus on talking about affordability issues and the party's achievements. Cotton is also up for reelection this November, although that race is not expected to be competitive.
Daylight saving time is that period between spring and fall when clocks in most parts of the United States are set one hour ahead of standard time. Not all states observe it — and under the bill, states can opt out of the change if their respective legislatures act to do so before the bill's enactment.
"It's a lot of work for a lot of people, running around for two days, changing all the clocks in the house," Trump told reporters as his left the White House on Saturday for a rally in Vandalia, Ohio. "It discombobulates everybody," he said.
#House #Trump #saving #states
1 month ago
JOINT BASE ANDREWS, Md. — Vice President JD Vance acknowledged Thursday that Republicans face an “uphill climb” in next month’s midterm elections — and that the results may be a data point he reviews as he decides whether to run for president in 2028.
“Historically there’s always a bit of an uphill climb, and I think you definitely sense that,” Vance said in an interview with NBC News. “I also think you can sense a sense of cautious optimism, in the sense that, you know, people feel like the numbers are sort of moving, maybe in our direction.”
He added: “Politically, there’s just a recognition that it’s always going to be hard to win a midterm when you have the White House, the Senate and the House.”
Vance spoke aboard Air Force Two shortly after it landed on a return trip from Lakeland, Florida, where he campaigned for Sen. Ashley Moody and Rep. Byron Donalds, the Republican nominee for governor. It was his latest headlining gig at a rally meant to boost support for the party’s candidates in what is expected to be a challenging year for the GOP.
Aside from the historical trends Vance mentioned, polls have shown President Donald Trump and the war in Iran highly unpopular among voters. A related rise in gas prices has added to a cascade of affordability concerns. And Americans are growing more skeptical of artificial intelligence and the large, power-hungry data centers being built to accommodate the technology. All of those issues could factor into voters’ choices in this fall’s key races for the House, the Senate and governor.
#vance #House #president
“Historically there’s always a bit of an uphill climb, and I think you definitely sense that,” Vance said in an interview with NBC News. “I also think you can sense a sense of cautious optimism, in the sense that, you know, people feel like the numbers are sort of moving, maybe in our direction.”
He added: “Politically, there’s just a recognition that it’s always going to be hard to win a midterm when you have the White House, the Senate and the House.”
Vance spoke aboard Air Force Two shortly after it landed on a return trip from Lakeland, Florida, where he campaigned for Sen. Ashley Moody and Rep. Byron Donalds, the Republican nominee for governor. It was his latest headlining gig at a rally meant to boost support for the party’s candidates in what is expected to be a challenging year for the GOP.
Aside from the historical trends Vance mentioned, polls have shown President Donald Trump and the war in Iran highly unpopular among voters. A related rise in gas prices has added to a cascade of affordability concerns. And Americans are growing more skeptical of artificial intelligence and the large, power-hungry data centers being built to accommodate the technology. All of those issues could factor into voters’ choices in this fall’s key races for the House, the Senate and governor.
#vance #House #president
2 months ago
On September 14, NextEra Energy, Inc. (NYSE:NEE) and Dominion Energy, Inc. (NYSE:D) announced a "transformational" Virginia benefits package to address concerns regarding their proposed $66.8 billion merger. The Virginia supplier program, worth up to $1 billion annually for five years, will direct spending toward contractors, suppliers, and service providers in the state.
Additionally, the companies also proposed doubling residential bill credits to four years, protecting retail customers from grid costs tied to Northern Virginia's rapidly expanding AI data centers, and committing $100 million toward directly supporting workforce development in the Commonwealth. NextEra also stated that it plans to add 600 new energy jobs in Virginia, while expecting suppliers to create another 400 positions.
The updated package comes after the proposed merger attracted a great deal of political scrutiny due to the impact it can have on everyday consumers. Virginia Governor Abigail Spanberger also stated last month that she would formally intervene in the regulatory review to press for commitments on electric bill affordability, job protections, and clean-energy investments.
John Ketchum, Chairman, President, and CEO of NextEra Energy, commented:
"This is a Virginia-first package, and it starts with customers. We are proposing to double residential bill relief from two years to four years, along with expanded low-income financial ******* istance and long-term affordability benefits. We are also reaffirming our support for the State Corporation Commission, Governor and General ******* embly's efforts to protect residential and small business customers from costs ******* ociated with serving data centers. Just as important, this package would help Virginia build more of the clean energy and infrastructure it needs faster, so the Commonwealth can reduce its reliance on expensive imported power. And it would do that while positioning Virginia as a major energy leader, bringing NextEra Energy jobs, good-paying supplier jobs, workforce investment, economic development and national-scale energy technology and innovation to Virginia. This is the kind of customer-focused, job-creating package this combination makes possible."
#energy #years #Jobs
Additionally, the companies also proposed doubling residential bill credits to four years, protecting retail customers from grid costs tied to Northern Virginia's rapidly expanding AI data centers, and committing $100 million toward directly supporting workforce development in the Commonwealth. NextEra also stated that it plans to add 600 new energy jobs in Virginia, while expecting suppliers to create another 400 positions.
The updated package comes after the proposed merger attracted a great deal of political scrutiny due to the impact it can have on everyday consumers. Virginia Governor Abigail Spanberger also stated last month that she would formally intervene in the regulatory review to press for commitments on electric bill affordability, job protections, and clean-energy investments.
John Ketchum, Chairman, President, and CEO of NextEra Energy, commented:
"This is a Virginia-first package, and it starts with customers. We are proposing to double residential bill relief from two years to four years, along with expanded low-income financial ******* istance and long-term affordability benefits. We are also reaffirming our support for the State Corporation Commission, Governor and General ******* embly's efforts to protect residential and small business customers from costs ******* ociated with serving data centers. Just as important, this package would help Virginia build more of the clean energy and infrastructure it needs faster, so the Commonwealth can reduce its reliance on expensive imported power. And it would do that while positioning Virginia as a major energy leader, bringing NextEra Energy jobs, good-paying supplier jobs, workforce investment, economic development and national-scale energy technology and innovation to Virginia. This is the kind of customer-focused, job-creating package this combination makes possible."
#energy #years #Jobs
2 months ago
As high mortgage rates and elevated home prices continue to crimp housing affordability, Federal Housing Finance Agency's Bill Pulte is seeking cuts to a common "hidden cost" of homeownership.
Targeting private mortgage insurance, which around 800,000 borrowers used to buy homes last year, Pulte is aligning policies between mortgage giants Fannie Mae and Freddie Mac to allow loan servicers to proactively call borrowers when they're eligible to drop their mortgage insurance. Previously, only Freddie Mac allowed servicers to do so.
"If your Home is worth more, or you have paid the loan down far enough, you should be able to drop EXTRA Mortgage Insurance," Pulte wrote in a post on X on Tuesday.
"Right now Fannie Mae will not let your loan company call and tell you that you may qualify because your home has gone up in value! You have to know to ask. Freddie Mac will let them call. That is crazy. We are fixing that. Fannie Mae will follow Freddie's rule: if you may qualify to drop unnecessary extra insurance because your home has gained value, they can contact you and walk you through how to cancel your PMI. You can stop paying for coverage you do not need and keep the money."
Read more: What is private mortgage insurance (PMI)? Definition, cost, and how to avoid it
#freddie #loan #call
Targeting private mortgage insurance, which around 800,000 borrowers used to buy homes last year, Pulte is aligning policies between mortgage giants Fannie Mae and Freddie Mac to allow loan servicers to proactively call borrowers when they're eligible to drop their mortgage insurance. Previously, only Freddie Mac allowed servicers to do so.
"If your Home is worth more, or you have paid the loan down far enough, you should be able to drop EXTRA Mortgage Insurance," Pulte wrote in a post on X on Tuesday.
"Right now Fannie Mae will not let your loan company call and tell you that you may qualify because your home has gone up in value! You have to know to ask. Freddie Mac will let them call. That is crazy. We are fixing that. Fannie Mae will follow Freddie's rule: if you may qualify to drop unnecessary extra insurance because your home has gained value, they can contact you and walk you through how to cancel your PMI. You can stop paying for coverage you do not need and keep the money."
Read more: What is private mortgage insurance (PMI)? Definition, cost, and how to avoid it
#freddie #loan #call
2 months ago
With a market cap of $49.4 billion, Vistra Corp. (VST) is a leading integrated electricity and power generation company. The company provides essential energy resources to customers, businesses, and communities across the United States, with a strong focus on reliability, affordability, and sustainability.
Companies valued at more than $10 billion are generally considered "large-cap" stocks, and Vistra fits this criterion perfectly. Vistra operates a diverse and efficient power generation portfolio spanning natural gas, nuclear, coal, solar, and battery energy storage, complemented by a customer-centric retail business.
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#Stock #energy #corp
Companies valued at more than $10 billion are generally considered "large-cap" stocks, and Vistra fits this criterion perfectly. Vistra operates a diverse and efficient power generation portfolio spanning natural gas, nuclear, coal, solar, and battery energy storage, complemented by a customer-centric retail business.
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#Stock #energy #corp
2 months ago
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses.
Here's a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you.
U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters as midterm elections near.
The Labor Department said Friday that the consumer price index rose 3.4% last month compared with a year ago, the same as in July. But on a monthly basis, inflation accelerated, as costs jumped 0.4% from July to August, up from an increase of just 0.1% the previous month.
The figures show that inflation remains stubbornly elevated, more than five years after prices first soared as the economy emerged from the COVID pandemic. Persistent inflation has presented a major challenge for the inflation-fighters at the Federal Reserve and has soured many voters on the Trump administration's economic management.
#year
Here's a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you.
U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters as midterm elections near.
The Labor Department said Friday that the consumer price index rose 3.4% last month compared with a year ago, the same as in July. But on a monthly basis, inflation accelerated, as costs jumped 0.4% from July to August, up from an increase of just 0.1% the previous month.
The figures show that inflation remains stubbornly elevated, more than five years after prices first soared as the economy emerged from the COVID pandemic. Persistent inflation has presented a major challenge for the inflation-fighters at the Federal Reserve and has soured many voters on the Trump administration's economic management.
#year
2 months ago
Affordability in a car market usually looks like a math problem. Every so often it turns out to be a permission problem.
Americans have spent four years watching window stickers climb and calling it inflation. The average new vehicle sold for $50,089 in August, the first month of 2026 that the industry average cleared $50,000, according to Kelley Blue Book.
Buyers feel it without reading the data.
"Many American households are under significant financial pressure," said Erin Keating, executive ***** yst at ***** Automotive, in comments published by Kelley Blue Book.
Electric cars sit higher up the ladder. The cheapest new EV on sale in the U.S. starts at $29,990 before destination, a price Nissan (NSANY) called "the lowest starting MSRP for any new EV currently on sale in the U.S.," according to Electrek.
#according
Americans have spent four years watching window stickers climb and calling it inflation. The average new vehicle sold for $50,089 in August, the first month of 2026 that the industry average cleared $50,000, according to Kelley Blue Book.
Buyers feel it without reading the data.
"Many American households are under significant financial pressure," said Erin Keating, executive ***** yst at ***** Automotive, in comments published by Kelley Blue Book.
Electric cars sit higher up the ladder. The cheapest new EV on sale in the U.S. starts at $29,990 before destination, a price Nissan (NSANY) called "the lowest starting MSRP for any new EV currently on sale in the U.S.," according to Electrek.
#according
2 months ago
Steve Reinke helped his son Scott build a modest one-bedroom home in Isanti County, Minnesota, in 2015. The goal was affordability: The total cost of land and materials came to just over $130,000. Eleven years later, the county has ***** sed the property at just over $484,000 for 2027.
Reinke says the property tax bill has become nearly as large as the mortgage payment, and the county hasn't explained why the valuation jumped so dramatically.
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#build
Reinke says the property tax bill has become nearly as large as the mortgage payment, and the county hasn't explained why the valuation jumped so dramatically.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#build
2 months ago
On August 6, Installed Building Products (NYSE:IBP) reported second-quarter results that told two different stories at once. Net revenue hit a second-quarter record of $777.8 million, yet profit and margins moved the other way, and the board still found room to raise the dividend for the fifth straight year.
The headline number was $777.8 million in net revenue, up 2.3% from $760.3 million a year earlier. That growth came almost entirely from outside the core insulation installation business. Other revenue, which covers IBP's manufacturing and distribution operations, jumped 50.4% to $67.1 million, while commercial work inside the Installation segment posted same-branch sales growth of 10.4%. Acquisitions did heavy lifting too. The company closed Diamond Energy Systems in May, then Harkraft and Builders Hardware of South Carolina in July, adding roughly $30 million in combined annual revenue. Year to date, IBP has acquired about $59 million in revenue and still expects to reach at least $100 million for all of 2026.
The balance sheet backed that ambition, with $394.5 million in cash on hand at quarter-end. Management also kept returning cash to shareholders, repurchasing about 365,000 shares for $76.2 million in the quarter, with $398 million still available under the buyback authorization through March 2027. The board topped it off by declaring a third-quarter dividend of $0.39 per share, payable September 30 to holders of record on September 15, more than a 5% increase over last year's third-quarter payout.
The strength was uneven. Residential same-branch installation sales fell 6.1% for the quarter, and job volume excluding heavy commercial work dropped 5.2%, evidence that the housing slowdown is landing directly on IBP's biggest business line. That mix shift showed up in the bottom line. Net income fell to $64.9 million, or $2.43 per diluted share, from $69.0 million and $2.52 a year ago. Adjusted EBITDA slid 2.3% to $130.9 million, with the margin compressing to 16.9% from 17.6%.
Gross profit margin also narrowed to 33.3% from 34.2%, and the company pointed to a specific cause: the faster-growing Other segment carries a 24.7% gross margin, well below the 36.5% margin in core Installation work, so revenue mix worked against profitability even as total sales climbed. Higher fuel costs added further pressure on gross margin, while administrative expense crept up as a percentage of revenue, driven by higher medical insurance costs. CEO Jeff Edwards acknowledged the backdrop directly, saying the company expects affordability and consumer confidence to keep weighing on the residential market.
#million #installation #year #sales
The headline number was $777.8 million in net revenue, up 2.3% from $760.3 million a year earlier. That growth came almost entirely from outside the core insulation installation business. Other revenue, which covers IBP's manufacturing and distribution operations, jumped 50.4% to $67.1 million, while commercial work inside the Installation segment posted same-branch sales growth of 10.4%. Acquisitions did heavy lifting too. The company closed Diamond Energy Systems in May, then Harkraft and Builders Hardware of South Carolina in July, adding roughly $30 million in combined annual revenue. Year to date, IBP has acquired about $59 million in revenue and still expects to reach at least $100 million for all of 2026.
The balance sheet backed that ambition, with $394.5 million in cash on hand at quarter-end. Management also kept returning cash to shareholders, repurchasing about 365,000 shares for $76.2 million in the quarter, with $398 million still available under the buyback authorization through March 2027. The board topped it off by declaring a third-quarter dividend of $0.39 per share, payable September 30 to holders of record on September 15, more than a 5% increase over last year's third-quarter payout.
The strength was uneven. Residential same-branch installation sales fell 6.1% for the quarter, and job volume excluding heavy commercial work dropped 5.2%, evidence that the housing slowdown is landing directly on IBP's biggest business line. That mix shift showed up in the bottom line. Net income fell to $64.9 million, or $2.43 per diluted share, from $69.0 million and $2.52 a year ago. Adjusted EBITDA slid 2.3% to $130.9 million, with the margin compressing to 16.9% from 17.6%.
Gross profit margin also narrowed to 33.3% from 34.2%, and the company pointed to a specific cause: the faster-growing Other segment carries a 24.7% gross margin, well below the 36.5% margin in core Installation work, so revenue mix worked against profitability even as total sales climbed. Higher fuel costs added further pressure on gross margin, while administrative expense crept up as a percentage of revenue, driven by higher medical insurance costs. CEO Jeff Edwards acknowledged the backdrop directly, saying the company expects affordability and consumer confidence to keep weighing on the residential market.
#million #installation #year #sales
2 months ago
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The median price of a sold home in July 2026 was over $434,100 — more than 10 times higher than housing prices 50 years ago. Inflation is one reason, but building costs have risen faster than the consumer price index because labor and material costs have increased. A shortage of homes for sale and increasing affordability issues are also to blame. Here's what hopeful homebuyers need to know about today's elevated home prices.
Read more: The best low- and no-down-payment mortgage lenders
This table shows the median prices of existing home sales over the past year.
July 2025
#price #offers
The median price of a sold home in July 2026 was over $434,100 — more than 10 times higher than housing prices 50 years ago. Inflation is one reason, but building costs have risen faster than the consumer price index because labor and material costs have increased. A shortage of homes for sale and increasing affordability issues are also to blame. Here's what hopeful homebuyers need to know about today's elevated home prices.
Read more: The best low- and no-down-payment mortgage lenders
This table shows the median prices of existing home sales over the past year.
July 2025
#price #offers
2 months ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
The U.S. economy may not be as divided as the popular "K-shaped" narrative suggests. Economist Ed Yardeni says a generational divide better explains why consumer spending has remained resilient.
Yardeni, a longtime Wall Street economist and founder of Yardeni Research, calls this the "G-shaped economy." In an Aug. 3 research note, he argued that older Americans have accumulated far more wealth than younger generations, while financial support from older households is helping younger Americans cope with affordability pressures.
The K-shaped economy describes a widening gap between higher- and lower-income Americans, with the two groups experiencing different trends in income, spending and wealth. Recent debate has focused on whether that divide is still widening or beginning to narrow.
Don't Miss:
#americans
The U.S. economy may not be as divided as the popular "K-shaped" narrative suggests. Economist Ed Yardeni says a generational divide better explains why consumer spending has remained resilient.
Yardeni, a longtime Wall Street economist and founder of Yardeni Research, calls this the "G-shaped economy." In an Aug. 3 research note, he argued that older Americans have accumulated far more wealth than younger generations, while financial support from older households is helping younger Americans cope with affordability pressures.
The K-shaped economy describes a widening gap between higher- and lower-income Americans, with the two groups experiencing different trends in income, spending and wealth. Recent debate has focused on whether that divide is still widening or beginning to narrow.
Don't Miss:
#americans
2 months ago
Sept 2 (Reuters) - Utility PG&E said on Wednesday it will defer about $2 billion in 2027 spending, leaving a capital plan of about $11.4 billion, as it launches a strategic review amid wildfire liability concerns.
The review comes as PG&E faces renewed uncertainty over liability costs after a Senate bill amendment did little to reduce utilities' exposure to expenses related to the fires or address the long-term solvency of California's fund for it.
The company had previously planned to spend $13.4 billion in 2027.
"California's wildfire liability framework continues to create financing risks that drive higher costs, affect customer affordability, and limit investment in the energy system," CEO Patti Poppe said.
"Something has to change so that we can better serve our customers."
#reuters #utility #wednesday
The review comes as PG&E faces renewed uncertainty over liability costs after a Senate bill amendment did little to reduce utilities' exposure to expenses related to the fires or address the long-term solvency of California's fund for it.
The company had previously planned to spend $13.4 billion in 2027.
"California's wildfire liability framework continues to create financing risks that drive higher costs, affect customer affordability, and limit investment in the energy system," CEO Patti Poppe said.
"Something has to change so that we can better serve our customers."
#reuters #utility #wednesday
2 months ago
Sept 2 (Reuters) - Utility PG&E said on Wednesday it will defer about $2 billion in 2027 spending, leaving a capital plan of about $11.4 billion, as it launches a strategic review amid wildfire liability concerns.
The review comes as PG&E faces renewed uncertainty over liability costs after a Senate bill amendment did little to reduce utilities' exposure to expenses related to the fires or address the long-term solvency of California's fund for it.
The company had previously planned to spend $13.4 billion in 2027.
"California's wildfire liability framework continues to create financing risks that drive higher costs, affect customer affordability, and limit investment in the energy system," CEO Patti Poppe said.
"Something has to change so that we can better serve our customers."
#sept #senate
The review comes as PG&E faces renewed uncertainty over liability costs after a Senate bill amendment did little to reduce utilities' exposure to expenses related to the fires or address the long-term solvency of California's fund for it.
The company had previously planned to spend $13.4 billion in 2027.
"California's wildfire liability framework continues to create financing risks that drive higher costs, affect customer affordability, and limit investment in the energy system," CEO Patti Poppe said.
"Something has to change so that we can better serve our customers."
#sept #senate
2 months ago
It takes a truly exceptional affordability crisis to put Bill Ackman and Zohran Mamdani on the same side of the barricade. Yet this month the billionaire hedge fund manager and New York's democratic socialist mayor found common cause over an unlikely grievance: the cost of getting into the US Open.
Ackman took objection to the cost of a grounds pass listed for $363. Mamdani responded to the broader uproar by securing 1,000 tickets for New York residents at $100 apiece, prompting more than 336,000 people to apply for them. Somewhere between the two sits the uneasy economics of the modern US Open, where a $65 ticket with no guaranteed seat on any court can fetch more than five times that amount on the tournament's resale marketplace.
For generations the US Open has traded on its reputation as the people's slam. Take the 7 train to Queens, buy a grounds pass and spend the day milling about within a few feet of the world's best tennis players. But as the final major of the season begins in earnest on Sunday, that democratic ideal has been confronted with a basic problem: more and more of the people are being priced out.
"The US Open is owned by the USTA which is a non-profit," Ackman wrote on social media. "The idea that a day one ground pass is $363 is absurd. The USTA's mission is to promote the sport of tennis. How is a $363 ground pass consistent with this mission?"
Related: Novak Djokovic feels 'as best as I can be' before tilt at 25th grand slam ***** le in New York
#open #pass #mamdani #democratic
Ackman took objection to the cost of a grounds pass listed for $363. Mamdani responded to the broader uproar by securing 1,000 tickets for New York residents at $100 apiece, prompting more than 336,000 people to apply for them. Somewhere between the two sits the uneasy economics of the modern US Open, where a $65 ticket with no guaranteed seat on any court can fetch more than five times that amount on the tournament's resale marketplace.
For generations the US Open has traded on its reputation as the people's slam. Take the 7 train to Queens, buy a grounds pass and spend the day milling about within a few feet of the world's best tennis players. But as the final major of the season begins in earnest on Sunday, that democratic ideal has been confronted with a basic problem: more and more of the people are being priced out.
"The US Open is owned by the USTA which is a non-profit," Ackman wrote on social media. "The idea that a day one ground pass is $363 is absurd. The USTA's mission is to promote the sport of tennis. How is a $363 ground pass consistent with this mission?"
Related: Novak Djokovic feels 'as best as I can be' before tilt at 25th grand slam ***** le in New York
#open #pass #mamdani #democratic
2 months ago
Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Achieved record adjusted EBITDA margins of 48% by leveraging technology and AI to reduce human-handled service calls by 25% year-over-year.
Delivered record Q2 new HSA sales growth of 24%, demonstrating that healthcare affordability challenges are driving enterprise adoption of high-deductible plans despite macro labor market fluctuations.
Transitioned the platform toward a 'healthcare financial operating system' by integrating accounts, ***** ets, and marketplace capabilities into a single mobile-first experience.
Observed that HSA members who engage with the Marketplace are more likely to begin contributing to their accounts, creating a flywheel for long-term ***** et growth.
#tell #achieved
Achieved record adjusted EBITDA margins of 48% by leveraging technology and AI to reduce human-handled service calls by 25% year-over-year.
Delivered record Q2 new HSA sales growth of 24%, demonstrating that healthcare affordability challenges are driving enterprise adoption of high-deductible plans despite macro labor market fluctuations.
Transitioned the platform toward a 'healthcare financial operating system' by integrating accounts, ***** ets, and marketplace capabilities into a single mobile-first experience.
Observed that HSA members who engage with the Marketplace are more likely to begin contributing to their accounts, creating a flywheel for long-term ***** et growth.
#tell #achieved
2 months ago
Japan is today set to announce an energy import diversification plan that will include stipulations about support for pipelines in the Middle East aimed at diverting export oil flows away from the Strait of Hormuz.
The plan also features a push to reduce the country's reliance on oil and gas overall, and also reduce its reliance on Middle Eastern oil and gas specifically, Reuters has reported, citing ****** anese media. The government also plans to make energy companies share the higher costs of importing crude from places other than the Middle East.
Before the U.S.-Israeli war with Iran broke out, ****** an relied on the Middle East for almost all of its crude oil imports, which are vital for the resource-poor country. After the war, the ****** anese government rushed to secure alternative suppliers. These include the United States, Canada, African oil producers, and Azerbaijan.
This diversification has carried a hefty price tag, however. Last month, ****** an's total import bill hit an all-time high of $76.39 billion because of higher international oil prices. That monthly import figure beat the previous record set a month earlier, suggesting this month's import bill could be record-breaking as well.
Japan is also one of the world's biggest LNG importers, and earlier this summer reduced gas-fired generation in favor of coal as the price of liquefied natural gas remained elevated. ****** an has been burning more coal and less gas for power generation since the war in the Middle East started, and it is not the only one. Many Asian countries have been forced to make the switch from gas to coal on affordability and availability grounds.
#Japan #east #coal #energy
The plan also features a push to reduce the country's reliance on oil and gas overall, and also reduce its reliance on Middle Eastern oil and gas specifically, Reuters has reported, citing ****** anese media. The government also plans to make energy companies share the higher costs of importing crude from places other than the Middle East.
Before the U.S.-Israeli war with Iran broke out, ****** an relied on the Middle East for almost all of its crude oil imports, which are vital for the resource-poor country. After the war, the ****** anese government rushed to secure alternative suppliers. These include the United States, Canada, African oil producers, and Azerbaijan.
This diversification has carried a hefty price tag, however. Last month, ****** an's total import bill hit an all-time high of $76.39 billion because of higher international oil prices. That monthly import figure beat the previous record set a month earlier, suggesting this month's import bill could be record-breaking as well.
Japan is also one of the world's biggest LNG importers, and earlier this summer reduced gas-fired generation in favor of coal as the price of liquefied natural gas remained elevated. ****** an has been burning more coal and less gas for power generation since the war in the Middle East started, and it is not the only one. Many Asian countries have been forced to make the switch from gas to coal on affordability and availability grounds.
#Japan #east #coal #energy
2 months ago
House Minority Leader Hakeem Jeffries (D-N.Y.) on Monday said "no one from the Trump Cartel is getting a pass" in a post on the social media platform X. The video comes after he faced backlash for meeting with Jared Kushner, President Trump's son-in-law.
The New York Times reported Sunday that the two met privately ahead of November's midterms to discuss common ground on issues like housing, immigration and the high cost of living.
Jeffries said Kushner reached out to him first, and he accepted so the pair could discuss affordability. His post emphasized, however, that House Democrats have pushed the Trump administration on issues including tariffs, the Affordable Care Act, nutritional ****** istance and more.
"I shouldn't have to say it, but I am. No one is going to get a pass," he said. "We're going to follow the facts, apply the law, and be guided by the Constitution beginning on day one. And hold the crooks accountable."
Reactions to the meeting have been mixed. Tommy Vietor, a co-host of "Pod Save America" and former Obama aide, took to X on Sunday to criticize Kushner.
#Trump #issues
The New York Times reported Sunday that the two met privately ahead of November's midterms to discuss common ground on issues like housing, immigration and the high cost of living.
Jeffries said Kushner reached out to him first, and he accepted so the pair could discuss affordability. His post emphasized, however, that House Democrats have pushed the Trump administration on issues including tariffs, the Affordable Care Act, nutritional ****** istance and more.
"I shouldn't have to say it, but I am. No one is going to get a pass," he said. "We're going to follow the facts, apply the law, and be guided by the Constitution beginning on day one. And hold the crooks accountable."
Reactions to the meeting have been mixed. Tommy Vietor, a co-host of "Pod Save America" and former Obama aide, took to X on Sunday to criticize Kushner.
#Trump #issues
2 months ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Ever since coming of age in the wake of the 2008 financial crisis, millennials have struggled to get ahead. Whether facing a bleak job market, a housing affordability crisis, or dealing with crushing student loan debt, this generation has overcome a great deal to find their financial footing.
But lately their efforts have been paying off, albeit slowly. A Fidelity Investments report from earlier this year shows the number of 401(k) millionaires reached 645,000 (1). That's a 26% increase from the year before, which Fidelity attributes to both steadier worker contribution rates and years of market gains. And millennials are finally showing up in that club, even if only in small numbers so far.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#Gold #millennials #finance
Ever since coming of age in the wake of the 2008 financial crisis, millennials have struggled to get ahead. Whether facing a bleak job market, a housing affordability crisis, or dealing with crushing student loan debt, this generation has overcome a great deal to find their financial footing.
But lately their efforts have been paying off, albeit slowly. A Fidelity Investments report from earlier this year shows the number of 401(k) millionaires reached 645,000 (1). That's a 26% increase from the year before, which Fidelity attributes to both steadier worker contribution rates and years of market gains. And millennials are finally showing up in that club, even if only in small numbers so far.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#Gold #millennials #finance
2 months ago
In an exclusive interview with Meet the Press, Sen. Chris Van Hollen (D-Md.) says the Democratic Party hasn't "answered the call" on affordability concerns as he acknowledges he's mulling a presidential run in 2028.
#chris #hollen #party #interview
#chris #hollen #party #interview
2 months ago
Meet the Press moderator Kristen Welker joins Sunday TODAY's Willie Geist to discuss how Republicans are feeling about the midterm elections as affordability continues to be the no.1 issue for voters and races in states like Texas move to toss-ups. "No Democrat has won the senate seat there since the 1980s. Could this cycle be different? That's one of the big questions and could determine control of the senate and ultimately the House as well," Kristen says.
#geist #republicans
#geist #republicans
2 months ago
Donald Trump is accidentally overseeing a massive buildout of the country's renewable energy capacity and infrastructure. Not only are investments in renewable technologies soaring to new highs, the national energy grid is rapidly transforming to accommodate an increasingly solar- and wind-powered energy mix.
Despite massive rollbacks of Biden- and Obama-era clean energy incentives and financial supports, investment in clean energy tech keeps soaring to new heights, buoyed by market forces far outside of the federal government's control. Clean energy capital expenditures already reached $74 billion in the first half of 2026, and they're on track to reach a record $180 billion by the end of the year, according to fintech firm Crux's State of Clean Energy Finance: 2026 Mid-Year Market Intelligence Report.
"The market is proving resilient," Crux CEO and co-founder Alfred Johnson was recently quoted by Politico's E&E News. "We're seeing a significant amount of investment subsequent to the tax law changes of last year."
The insatiable energy demand coming from data center hyperscalers and the artificial intelligence boom has spurred a tidal wave of investment into all kinds of energy projects, and especially renewables due to their noted advantages when it comes to energy security and affordability. These advantages have been underscored in recent months by extreme volatility in fossil fuel markets thanks to the war in Iran and resultant supply chain vulnerabilities. "Renewables and storage continue to be the fastest way to get new electrons on the grid until additional gas-fired generation can be built," NextEra Energy CEO John Ketchum was recently quoted by Reuters.
As a result, we are currently "living in what arguably is one of the best periods to invest in renewables in the US over the last 20 years" according to Miguel Stilwell d'Andrade, chief executive officer of Portuguese electric utilities company EDP. Accordingly, EDP is directing approximately USD $5.3 billion – more than half of its capital expenditures – toward United States renewables projects over the next three years.
#year
Despite massive rollbacks of Biden- and Obama-era clean energy incentives and financial supports, investment in clean energy tech keeps soaring to new heights, buoyed by market forces far outside of the federal government's control. Clean energy capital expenditures already reached $74 billion in the first half of 2026, and they're on track to reach a record $180 billion by the end of the year, according to fintech firm Crux's State of Clean Energy Finance: 2026 Mid-Year Market Intelligence Report.
"The market is proving resilient," Crux CEO and co-founder Alfred Johnson was recently quoted by Politico's E&E News. "We're seeing a significant amount of investment subsequent to the tax law changes of last year."
The insatiable energy demand coming from data center hyperscalers and the artificial intelligence boom has spurred a tidal wave of investment into all kinds of energy projects, and especially renewables due to their noted advantages when it comes to energy security and affordability. These advantages have been underscored in recent months by extreme volatility in fossil fuel markets thanks to the war in Iran and resultant supply chain vulnerabilities. "Renewables and storage continue to be the fastest way to get new electrons on the grid until additional gas-fired generation can be built," NextEra Energy CEO John Ketchum was recently quoted by Reuters.
As a result, we are currently "living in what arguably is one of the best periods to invest in renewables in the US over the last 20 years" according to Miguel Stilwell d'Andrade, chief executive officer of Portuguese electric utilities company EDP. Accordingly, EDP is directing approximately USD $5.3 billion – more than half of its capital expenditures – toward United States renewables projects over the next three years.
#year
2 months ago
For economist Mohamed El-Erian, sky-high interest rates on U.S. bonds are the harbinger of an even greater affordability crisis.
"This is no ordinary bond-market sell-off," El-Erian announced in his latest opinion piece for The New York Times. The former PIMCO CEO argued that, if selling pressure on bonds continues, "it could mark the beginning of a structural economic shift more enduring and more globally consequential than most previous episodes of market volatility."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#erian #mohamed #york #pimco
"This is no ordinary bond-market sell-off," El-Erian announced in his latest opinion piece for The New York Times. The former PIMCO CEO argued that, if selling pressure on bonds continues, "it could mark the beginning of a structural economic shift more enduring and more globally consequential than most previous episodes of market volatility."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#erian #mohamed #york #pimco
2 months ago
For economist Mohamed El-Erian, sky-high interest rates on U.S. bonds are the harbinger of an even greater affordability crisis.
"This is no ordinary bond-market sell-off," El-Erian announced in his latest opinion piece for The New York Times. The former PIMCO CEO argued that, if selling pressure on bonds continues, "it could mark the beginning of a structural economic shift more enduring and more globally consequential than most previous episodes of market volatility."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#erian #mohamed #pimco
"This is no ordinary bond-market sell-off," El-Erian announced in his latest opinion piece for The New York Times. The former PIMCO CEO argued that, if selling pressure on bonds continues, "it could mark the beginning of a structural economic shift more enduring and more globally consequential than most previous episodes of market volatility."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#erian #mohamed #pimco
