HOME PRICES DROPPING
Single-family homes are seeing a significant drop in price, depending on where you look. The National Association of Realtors claims some of the most expensive cities to buy a home are now seeing a substantial drop in price, including cities in California. Homes in San Francisco are seeing an average price of one-point-two-three million dollars, which is actually down over six percent from last year. San Jose, Los Angeles, and Boulder also saw decreases.
MORMON CHURCH FINED
The Church of Jesus Christ of Latter-Day Saints must pay the SEC $5 million dollars in a regulatory settlement. The SEC accused Ensign Peak Advisors and the Mormon Church of misleading the public by not disclosing a major investment fund it had in place. That fund is valued at around $32 billion dollars. The church released a statement after the settlement saying "we affirm our commitment to comply with the law, and now consider this matter closed."
Target will no longer accept personal checks from shoppers as of July 15 in a sign of how a once ubiquitous payment method is going the way of the dodo.
A Delaware judge is considering a massive and unprecedented fee request by lawyers who successfully voided a pay package for Tesla CEO Elon Musk
The Bank of America Institute found that average monthly rent payment growth for the bank's small business clients rose 12% year-on-year.
A driverless ride-hailing car in China hit a pedestrian, but people on social media are taking the carmaker’s side in an AI vs. humans debate.
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in a possible sign of looming rate cuts.
America’s oldest flour company, King Arthur Baking Co., saw a six-fold increase in demand during the pandemic, and baking interest continues to rise.
The surgeon general has said there's a loneliness epidemic in America. For many people, that includes a lack of friendships at work. But there's hope!
The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and f
The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting cash.
For 30 years Ira Galtman’s job has been to document how American Express went from an express stagecoach company in New York in 1850, to what it is today.
