Many young retirement savers are considering the option of raiding their 401(k) accounts in order to buy a home. According to the Real Financial Progress Index by BMO Financial Group, nearly one-third of aspiring homeowners plan to withdraw funds from their retirement savings to fund a home purchase. Millennials and Gen Zers are particularly inclined
admin
Federal Reserve Governor Christopher Waller recently expressed his views on the current state of inflation during an appearance at the Peterson Institute for International Economics. He highlighted that based on recent data, inflation seems to be easing, and he does not believe that further interest rate hikes will be necessary. While Waller acknowledged that central
Macy’s, a well-known department store operator, reported fiscal first-quarter earnings that beat Wall Street’s expectations, showing early signs of momentum in its turnaround strategy. Despite the positive performance in earnings, the company mentioned that customers are expected to remain discerning in their discretionary purchases. This indicates a complex challenge that Macy’s still faces in attracting
Lowe’s recent quarterly earnings report has caused mixed reactions on Wall Street. Despite a decrease in sales of pricey items, the home improvement retailer managed to exceed the expectations of analysts. This performance is in stark contrast to that of Home Depot, which fell short of revenue expectations due to various market challenges. In the
Recent surveys have highlighted a concerning trend – family offices are increasingly becoming targets for cybercriminals. According to a survey by Dentons, a global law firm, 79% of North American family offices believe that the likelihood of a cyberattack has significantly increased in recent years. What’s even more alarming is that a quarter of family
China’s recent efforts to support the real estate sector are being viewed with cautious optimism by analysts who believe that the impact of these measures may take some time to materialize. Despite the government’s comprehensive policy rollout, the property market is still perceived as being in a state of flux, with stability remaining elusive. The
In today’s real estate market, about one-third of available single-family homes are newly constructed, a significant increase from pre-pandemic levels. While the overall number of newly built homes per year remains steady, the shrinking inventory of existing homes has resulted in more buyers turning to new construction properties. Builders are now offering various incentives, such
Red Lobster, the popular seafood chain, has recently filed for Chapter 11 bankruptcy protection in an effort to restructure its operations and find a buyer. The company is facing significant debt and long-term leases that have weighed it down, leading to the closure of 93 underperforming locations on May 13. With assets between $1 billion
The housing market is booming, and homeowners are taking advantage of this opportunity to invest in their properties. While the pandemic-era frenzy of home renovations may have cooled off slightly, there are still plenty of opportunities to increase the value of your home. According to the 2024 Cost vs. Value report from Zonda Media, some
As Americans gear up for their summer travels, they are noticing a significant shift in airfare prices compared to last year. While there has been an overall decrease in airline fares, certain regions and destinations are still experiencing an increase in cost. According to data from travel site Hopper, the average round-trip flight to Tokyo,