President Joe Biden has recently announced plans to tackle the issue of affordable housing in the country by introducing new strategies such as tax breaks for first-time homebuyers and “starter home” sellers. During his State of the Union speech, Biden emphasized the importance of housing costs and presented his ideas to address the ongoing crisis.
President Joe Biden’s State of the Union address highlighted the administration’s achievements in combating inflation. He emphasized that wages are rising while inflation is decreasing, painting a positive picture of the economic landscape. However, despite these assertions, the reality on the ground tells a different story. Many households are still grappling with the challenges of
Terran Orbital, a prominent satellite manufacturer, is currently in a pivotal moment as it contemplates its future amidst Lockheed Martin’s recent acquisition offer. CEO Marc Bell revealed that the company is taking a comprehensive look at all possibilities moving forward. This includes evaluating Lockheed’s proposition, which values Terran Orbital at nearly $600 million, significantly below
In recent years, the number of family offices around the world has seen a dramatic increase, with the total figure tripling since 2019. According to a recent report by Preqin, there are now over 4,500 family offices globally, with North America leading the way with 1,682 offices. Furthermore, family offices in North America hold more
It is no secret that California is known for having some of the highest gas prices in the nation. According to AAA, the national average for a gallon of regular unleaded gas was $3.40, while California soared above at an average of $4.87. This stark difference can be attributed to various factors such as refining
The popular mobile payment app Alipay in China has announced a significant increase in transaction limits for foreign visitors. Previously capped at $500 annually without the need for ID registration, the new limit has now been raised to $2,000, allowing international tourists to make larger purchases using the app. This move is aimed at attracting
The process of obtaining civet cat coffee, also known as kopi luwak, has long been a subject of controversy due to the inhumane treatment of the Asian palm civet. Recent footage released by People for the Ethical Treatment of Animals (PETA) revealed the harsh reality faced by these animals in Bali. The undercover investigation showed
New York Community Bank has recently experienced a significant decrease in deposits, with a loss of 7% over a turbulent month. This has raised concerns among customers, leading many to withdraw their money from the regional commercial bank. In an effort to stabilize the situation, a new capital infusion of over $1 billion has been
United Airlines recently announced that they will be pausing pilot hiring this spring as a result of aircraft delivery delays from Boeing. This decision comes after ongoing issues with manufacturing and certification delays at the plane maker, impacting one of its biggest customers. The pause in new hire classes is expected to take place in
New York Community Bank recently reported a significant loss of deposits, totaling 7% in the month leading up to a capital injection of over $1 billion. This injection was facilitated by investors, with former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital taking the lead. The bank’s total deposits stood at $77.2 billion as of March