Homeowners are acquiring record amounts of home equity, thanks to fast-rising values in the housing market. People are starting to tap into that cash, mainly to make their homes even more valuable.
Spending on home renovations topped $152 billion in 2017, and is expected to increase almost 5% this year. According to the National Association of Home Builders, projects included regular updates and repairs, as well as large remodeling requests.
Homeowners are using that cash for education expenses and paying down other debt. Additionally, owners are borrowing against their homes and putting cash into other investments such as as stocks and additional real estate.
Build-A-Bear Workshop has been one of the most recognizable and beloved toy brands in the world since opening in 1997. Sharon Price John, CEO of Build-A-Bear Workshop, spoke with Cheddar News about its plans for the holiday season this year as well as the company's first animated feature film.
Stocks were generally flat after the opening bell on Friday ahead of Federal Reserve Chair Jerome Powell's comments in a speech at Spelman College later. Investors are growing optimistic that the central bank is done raising rates and may start cutting next year.
The network of nearly 4,800 fake accounts was attempting to build an audience when it was identified and eliminated by the tech company, which owns Facebook and Instagram.
Someone in China created thousands of fake social media accounts designed to appear to be from Americans and used them to spread polarizing political content in an apparent effort to divide the U.S. ahead of next year's elections, Meta said Thursday.
