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."
WSJ reporter Ray Smith breaks down why more companies are offering ‘dry’ promotions – a responsibility or title bump with no pay raise – and the pros and cons of accepting them.
Apple says a Justice Department antitrust lawsuit accusing it of engineering an illegal monopoly in smartphones in the U.S. is “wrong on the facts and the law.”
As Reddit shares begin trading at the NYSE, ‘Einstein of Wall Street’ Peter Tuchman breaks down the social platform’s debut and what it means for the overall IPO market in 2024.
CEO and co-founder of Alix, Alexandra Mysoor, discusses why it’s so important for everyone, regardless of income, to both plan and settle their estates.
After the Fed forecast three cuts to come in 2024, Kevin D. Mahn, President and CIO at Hennion & Walsh Asset Management breaks down why the market looks strong, and he sees some reasons for concern in Reddit’s choice to IPO.
Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of the year.
