As the spring housing market grapples with low supply, high prices, and increasing interest rates, potential homebuyers are turning towards new construction homes. According to Nicole Bachaud, a senior economist at Zillow Group, new homes offer more incentives and availability compared to previously owned properties. Statistics from the U.S. Census Bureau and the U.S. Department
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The wealth gap between rich and average millennials is widening, creating tension and resentment within the generation. While the majority of millennials struggle with debt, low-wage jobs, and financial insecurity, the elite few are amassing wealth at unprecedented rates. Studies show that the top 10% of millennials are far wealthier than their counterparts from previous
The recent approval by the Food and Drug Administration of Pfizer’s new gene therapy, Beqvez, marks a significant milestone in the treatment of hemophilia B, a rare genetic bleeding disorder. This treatment is set to revolutionize the way patients with moderate to severe hemophilia B manage their condition. Hemophilia B is characterized by insufficient levels
Chinese electric car start-up Nio, known for its premium vehicles costing around $50,000 or more, is now shifting its focus towards a more affordable market segment. The company’s CEO, William Li, announced their plans to release a newly branded SUV that will be priced lower than Tesla’s popular Model Y. This move comes as a
Alphabet recently released its first-quarter report, and the results were nothing short of impressive. With total revenue rising 15.4% year over year to $80.54 billion and earnings per share surging 62% to $1.89, Alphabet exceeded Wall Street expectations in all key areas. The company also initiated a quarterly dividend for the first time in its
Southwest Airlines recently reported a wider loss for the first quarter of the year compared to the same period last year. The airline also expressed concerns about Boeing’s aircraft delays hindering its growth until 2025. Due to these challenges, Southwest has revised its capacity growth plans, expecting to grow by only 4% this year instead
BlackRock, the largest asset manager, has recently introduced a groundbreaking new product called LifePath Paycheck, aimed at simplifying the process of converting retirement savings into a regular income stream that mirrors the paychecks individuals receive during their working years. This innovative strategy is seen as a potentially transformative development in the retirement landscape, as it
Bristol Myers Squibb recently announced its first-quarter results, indicating revenue that surpassed expectations but also indicating a quarterly loss due to various one-time charges. To navigate this challenge, the pharmaceutical company has articulated a plan to reduce costs by $1.5 billion by 2025. This initiative is aimed at optimizing operations, focusing on key drug brands,
As Alphabet prepares to report its first-quarter earnings, analysts are expecting earnings per share of $1.51, with revenue projected to reach $78.59 billion. YouTube advertising revenue is expected to come in at $7.72 billion, while Google Cloud revenue is estimated at $9.35 billion. Traffic acquisition costs are anticipated to be around $12.74 billion. These figures
Nvidia-backed artificial intelligence firm Synthesia has introduced a groundbreaking technology that is poised to transform the way video content is created. Their latest innovation, known as “Expressive Avatars,” has the capability to blur the lines between the virtual world and real characters. By harnessing the power of AI, Synthesia aims to streamline the video production