Affordable housing has become a hot topic within the political landscape, especially with Vice President Kamala Harris outlining her intentions to tackle the issue. However, not everyone is convinced that her proposals will effectively address the growing housing crisis in the U.S. Edward Pinto, a senior fellow and codirector of the American Enterprise Institute’s Housing
The Inflation Reduction Act has been instrumental in sparking a manufacturing boom across the United States, with an influx of tens of billions of dollars in investments. This surge in investment has been particularly beneficial for rural communities in dire need of economic development. Companies have announced a staggering $133 billion worth of investments in
The bid from Edgar Bronfman Jr. for a controlling stake in Paramount Global has the potential to impact the future of the company significantly. The offer, if successful, could involve Shari Redstone, the current non-executive chairman at Paramount, remaining involved with the company. Bronfman’s consortium has raised $6 billion to challenge Skydance Media for ownership
The cost of attending college has continued to rise in recent years, with some institutions now approaching a staggering six figures annually. Among the elite schools listed in The Princeton Review’s “The Best 389 Colleges,” there are eight institutions with a sticker price exceeding $90,000 for the academic year 2024-2025. This rapid increase in tuition
As we look ahead to the much-anticipated Federal Reserve Chair Jerome Powell’s policy speech, it is essential to assess the current economic landscape. The market sentiment is strongly in favor of rate cuts starting in September, with potential further cuts into 2025. The focus now is on the magnitude and frequency of these reductions, with
After back-to-back weekly gains, Wall Street is faced with an overbought market heading into a crucial week. With Nvidia earnings and updates on the Federal Reserve’s preferred inflation measure on the horizon, investors are closely watching the market dynamics. Fed Chairman Jerome Powell’s speech at Jackson Hole provided the reassurance investors were seeking. His remarks
The retail sector stocks showed a mixed performance on Wednesday, with Target and TJX witnessing price boosts of 11% and 6% respectively. Meanwhile, Macy’s faced a dip of nearly 13% in the same session. The overall retail earnings for this season, including big players like Target, TJX, and Macy’s, indicate a growing sense of caution
In a surprising turn of events, Cava has announced that it is raising its full-year outlook after reporting strong traffic at its restaurants. The Mediterranean restaurant chain’s quarterly earnings and revenue exceeded expectations, leading to a 7% increase in its stock price during extended trading. This remarkable performance has contributed to a more than doubling
When it comes to settling tax bills, the federal government is not playing around. In recent years, there has been an increase in the frequency of the government revoking passports of individuals with seriously delinquent tax debts. According to federal law, if a taxpayer has a total federal tax debt of more than $62,000 that
Social Security survivor benefits are a crucial source of financial stability for many families in the United States. Gov. Tim Walz emphasized this point during his acceptance speech at the Democratic National Convention. His personal experience of losing his father at a young age and the subsequent support from Social Security survivor benefits highlighted the