In what should have been a celebratory announcement, the latest figures from the National Association of Realtors (NAR) revealed a meager 0.8% bump in sales of previously owned homes for May, reaching a seasonally adjusted annualized rate of 4.03 million units. For a market starved for dynamism, this slight upward tick feels more like a
The current climate of the U.S. housing market reflects a grim scenario for homebuilders and potential buyers alike. With higher mortgage rates serving as an effective barrier to entry for many hopeful homeowners, the sentiment among builders is plummeting. The recent report from the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)
In an era where uncertainty reigns, one might consider the defensive positions of major defense stocks as a safe harbor. Despite the skepticism surrounding President Donald Trump’s ambitious missile defense project dubbed the “Golden Dome,” analysts at Bernstein suggest a nuanced perspective: the financial landscape for the defense industry may continue to thrive regardless of
In a bold vision for Oklahoma City’s sports landscape, the city council has given the green light to a monumental deal ensuring that the Oklahoma City Thunder will remain an integral part of the community until at least 2053. This isn’t just another sports deal; it signals a long-term commitment that could define the city’s
In a political landscape often clouded by sensationalism and extreme partisanship, one might hope for a touch of rationality. As former Treasury Secretary Lawrence Summers suggests, Donald Trump’s impending selection for the next chair of the Federal Reserve could defy expectations. Contrary to the president’s recent tirades against Jerome Powell, whom he blames for a
In a sharp shift from its previously stagnant performance in the online investing arena, JPMorgan Chase is taking bold steps that assert its position as a formidable player. The unveiling of new tools allowing investors to research and purchase bonds and brokered CDs through their mobile app marks a pivotal moment for the bank. Although
As we redefine the global wealth map in 2024, it’s hard to ignore the staggering number—23.8 million millionaires residing in the United States. This figure, highlighted in a recent UBS report, positions the U.S. as a financial juggernaut, producing an astonishing 379,000 new millionaires in just one year. This equates to over a thousand affluent
Warren Buffett’s decision to step down as CEO of Berkshire Hathaway was anticipated with a mix of hope and trepidation. While many believed that the stock would soar once the Oracle finally passed the torch, reality has proven otherwise. Since Buffett’s announcement, Berkshire’s stock value has stumbled, plunging more than 10%—underperforming the S&P 500 by
In the recent deliberations of Florida’s legislature, the trajectory of governance has taken a disconcerting turn. The compromise budget, amounting to $115.1 billion, epitomizes a reluctant acceptance of mediocrity, settling for diminished tax cuts while advancing measures for state debt reduction. The abrupt reduction from the previous year’s budget of $118.6 billion doesn’t merely display
In an era characterized by economic volatility and political uncertainty, the concept of diversification has evolved from a mere best practice to an essential strategy for financial stability. Alternative investments are embracing this evolution rather than resisting it, especially as traditional markets face unprecedented challenges. A recent survey conducted by the Financial Planning Association revealed