Month: August 2023

China’s massive real estate market has struggled after decades of debt-fueled, rapid growth. Bloomberg | Bloomberg | Getty Images BEIJING — China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record highs in recent months. Retail
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The Biden administration released new guidance Monday on how colleges can “lawfully achieve a diverse student body” in the wake of the Supreme Court‘s ruling striking down affirmative action. In a “Dear Colleague” letter and a questions and answers page, the U.S. Department of Education outlined what policies and practices for promoting a diverse student body remain
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A new Government Accountability Office (GAO) report, Older Workers: Retirement Account Disparities Have Increased by Income and Persisted by Race Over Time, is quite unsettling. The analysis finds that many Americans are losing ground when it comes to building retirement savings, despite policy efforts to improve workers’ savings. For households aged 51 to 64, GAO
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Curb appeal is important to buyers – and it’s also important to your neighbors. Both groups are forming first impressions about the type of homeowner you are, based on your home’s exterior. And for good reason, since your home’s curb appeal can affect the entire neighborhood. “Curb appeal is the first-impression that buyers get of
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A Discover Financial Services credit card. Scott Eelis | Bloomberg | Getty Images Check out the companies making headlines after the bell. Discover Financial Services — The financial services stock fell more than 5% after announcing the resignation of its CEO. The board announced that Roger Hochschild would step down from the position, effectively immediately, and
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On Aug. 8, a series of small brush fires started in Maui. They quickly spread due to dry weather and high winds from Hurricane Dora, which passed Hawaii a few hundred miles to the south. The fires have since been mostly contained, but residents are still dealing with the destruction left in their wake. The
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After more than a year of recession predictions, some experts have backed off past forecasts and now embrace what’s known as a “soft landing” for the economy. Even so, one financial advisor is stressing the importance of preparing for future stock market volatility. A soft landing could include an economic slowdown and unemployment ticking higher
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Well-informed Forbes.com readers are surely aware that co-working giant WeWork stated last week in a 10-Q filing that “substantial doubt exists about the company’s ability to continue as a going concern”. Given that WeWork lost about $600 million in the last six months and only has approximately $680 million in liquidity currently available, I can
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Workers replace a roller that compresses steel at the A&T Stainless steel plant in Midland, Pennsylvania, March 2, 2020. Michael Rayne Swensen | Bloomberg via Getty Images Check out the companies making headlines in premarket trading. U.S. Steel — Shares of the steel producer surged more than 26% premarket after it rejected a $7.3 billion buyout
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Franckreporter | E+ | Getty Images People can easily fall into “false financial comparisons,” a scenario in which we believe we can afford the same lifestyles people we perceive as “just like us” have, said author Manisha Thakor in her new book, “MoneyZen: The Secret to Finding Your ‘Enough.'” A certified financial planner, Thakor noticed
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