A recent report has highlighted the challenges that Gen Z homebuyers face in the current housing market. Approximately 22% of Gen Zers identify a lack of affordable starter homes as a significant barrier to homeownership. This has led many young buyers to consider fixer-upper homes as a potential solution. These properties, which require varying degrees
Audi, the Volkswagen-owned company, has recently announced a multiyear partnership with Inter Miami CF, becoming the official premium automotive partner of the South Florida soccer club. This move is part of Audi’s strategy to tap into the ever-growing soccer fan base in the United States. According to Emilie Cotter, the Chief Marketing Officer of Audi
The National Football League is considering a groundbreaking shift in its ownership policies, with Commissioner Roger Goodell hinting at the possibility of allowing minority private equity ownership for its 32 teams. This move comes in response to the changing landscape of sports ownership and the financial challenges faced by potential team owners in a rapidly
Thursday’s market saw the S & P 500 and Nasdaq step back from their record highs as investors shifted away from Big Tech stocks towards smaller-cap names. This move came after a lower-than-expected inflation report for June, which signaled the potential for the Federal Reserve to lower interest rates sooner rather than later. The consumer
In recent news, Pfizer has announced its plans to move forward with a once-daily version of its weight loss pill, danuglipron, following positive data from an early-stage study. This decision comes after the pharmaceutical giant evaluated various formulations of the drug and identified one with the most promising safety profile and efficacy. According to Pfizer,
Housing inflation in the United States has been a persistent issue, remaining high even as the broader economy has shown signs of cooling off from the peak levels experienced during the pandemic. This slow decline in housing inflation has become a significant barrier to achieving the desired target for the Consumer Price Index (CPI), according
PepsiCo recently reported mixed quarterly results, with declining demand in North America for its drinks and snacks being a significant contributing factor. The company also narrowed its revenue outlook for the year, now anticipating organic revenue growth of only approximately 4%, which is a more conservative estimate compared to its previous forecast of at least
With the upcoming Summer Olympics in Paris, set to kick off on July 26, sportsbooks and daily fantasy operators are bracing for a potential increase in betting activity. This particular event holds significance as it will be the first Olympics since the widespread legalization of gambling in the United States. The gaming industry sees this
Inflation in the United States fell further in June, providing some relief for consumer wallets. The consumer price index (CPI) rose 3% in June from a year ago, down from 3.3% in May, according to data from the U.S. Labor Department. The CPI is a key indicator of inflation and measures how prices are changing
The U.S. Department of the Treasury and the IRS recently revealed a significant achievement in collecting over $1 billion in tax debt from high-income individuals within the past year. This milestone was attributed to the IRS’s increased focus on scrutinizing individuals earning above $1 million annually with recognized tax debts of more than $250,000. Treasury