Purchasing a new home can be an exciting and fulfilling experience, but it can also come with unexpected financial burdens. According to a recent survey by Real Estate Witch, nearly 75% of new homeowners have regrets about their purchase, with property taxes being the most common concern, surprising 33% of new owners. This is particularly
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General Motors’ Cruise self-driving vehicle unit is making a comeback on U.S. roads after a hiatus since October. The company announced that it will be redeploying a small fleet of human-driven vehicles in Phoenix to kickstart their reentry into the autonomous vehicle market. This relaunch follows an unfortunate incident that occurred in San Francisco in
The Federal Insurance Deposit Corporation (FDIC) recently implemented new requirements for deposit insurance for trust accounts. While the intention behind these changes is to simplify insurance coverage rules for trust accounts, it may have unintended consequences for depositors with over $250,000 in deposits at a bank. The FDIC, established by Congress after the Great Depression
Brazilian private equity firm 3G Capital recently made headlines when it quietly sold off its 16.1% stake in Kraft Heinz, marking the end of an era for the firm. After nearly nine years of being involved in the blockbuster merger of Kraft Foods and Heinz with Warren Buffett, 3G’s influence over Kraft Heinz had been
The U.S. real estate market is currently experiencing a significant increase in the number of “million-dollar” cities, with a record 550 areas where the typical home is valued at $1 million or more. This surge in million-dollar cities can be attributed to the mortgage lock-in effect, according to a recent analysis by Zillow. The lock-in
As the April 15 federal tax deadline approaches, the IRS has introduced a significant update to its Direct File program, an initiative aimed at simplifying the tax filing process for eligible individuals. This update allows users to import crucial information required to verify returns before filing, addressing a key issue that has hindered successful filings
Monday’s solar eclipse has brought about some unexpected disruptions at smaller airports across the country, with flights being halted ahead of the total eclipse. While such disruptions are more commonly caused by weather or heavy traffic in major cities, the high demand for prime eclipse viewing spots caused smaller airports to face unprecedented challenges. According
The recent talks between U.S. Treasury Secretary Janet Yellen and Chinese officials have highlighted the need for China to make significant changes to its industrial and economic policies. Yellen emphasized the importance of shifting policy during her discussions with Vice Premier He Lifeng, pointing to the potential impact on global trade and the economy. This
President Joe Biden has revealed his revised plan to tackle the issue of student debt forgiveness, which comes after facing legal challenges in the past. This new proposal aims to be more targeted and sustainable, focusing on specific groups of borrowers who are in financial need. The main goal is to relieve individuals from the
Jamie Dimon, the CEO and chairman of JPMorgan Chase, recently expressed his conviction that artificial intelligence (AI) will have a significant impact on society. In his annual letter to shareholders, Dimon discussed the potential transformative effects of AI, highlighting its importance as a key issue facing the largest U.S. bank by assets. While acknowledging the
