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The million-dollar home is becoming surprisingly normal
A $1 million home no longer guarantees luxury in much of the United States, as years of rising prices have pushed millions of properties into seven-figure territory. The number of owner-occupied U.S. homes worth at least $1 million climbed from about 1.5…
New Mexico court orders Meta to pay $567M, overhaul teen protections on Facebook and Instagram
A New Mexico court on Thursday ordered Meta to pay $567 million and implement sweeping protections for teen users after finding Facebook and Instagram contributed to the state’s youth mental health crisis. The judgment comes after a jury in March ordered Meta…
South Korean police crack down on popular Trader Joe’s seasoning after controlled substances detected
Police in South Korea are cracking down on an American pantry favorite: Trader Joe’s Everything but the Bagel seasoning. Authorities have begun blocking sales of the popular seasoning on an online secondhand marketplace after testing detected “narcotic…
FAA orders inspections of hundreds of Boeing 737 Max jets over potential cracks
The Federal Aviation Administration (FAA) has ordered inspections of hundreds of Boeing 737 Max jets over possible cracking in the aircraft’s body, though Boeing said the issue has not been seen on the Max fleet. The airworthiness directive (AD) applies to…
LARRY KUDLOW: Democratic Party socialism is unaffordable
It’s so interesting to me how these socialists who are taking over the Democratic party, are hiding behind the veil of affordability. They don’t want to tell you that their agenda is all about unaffordability, or in short wrecking the whole economy. Think of…
More than 1.7M ladders recalled nationwide over potentially deadly fall hazard
Kentucky-based Louisville Ladder is recalling roughly 1.77 million attic stairway ladders after receiving reports that bolts can break while the products are being used, creating a potentially deadly fall hazard. The recall involves certain Louisville…
July layoffs drop to lowest level in 2 years, Challenger says
Job cuts slowed in July as companies stepped up their hiring plans, while artificial intelligence (AI) continues to be cited as a leading reason for workforce reductions, new data shows. Companies announced 33,429 job cuts in July – a decrease of 27% from the…
Here’s the income needed to afford the typical American home
Housing affordability remains a concern for would-be homebuyers as the income needed to afford a typical U.S. home remains near historic highs and well above what most American households earn, though there are signs of improvement from a year ago. Home…
Bill Ackman sounds alarm on Mamdani’s economic agenda: ‘Socialism is a disaster’
Billionaire investor Bill Ackman warned that New York City’s rent freeze, tax policies and limits on development could worsen the city’s affordability crisis by discouraging construction and investment. In a wide-ranging interview with Fortune published…
Mortgage rates hit highest level in over a year
close video Mortgage rates rose this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.69% from last week’s…