Aerial view of tract housing neighborhood in Boise, Idaho, USA.Simonkr | E+ | Getty ImagesRenting is taking off in the suburbs as homeownership remains out of reach for many would-be buyers.Between 2018 and 2023, rentership surged by at least 5 percentage points in 11 out of 20 suburbs surrounding the largest U.S. metro areas, according to a recent analysis by Point2Homes, a rental market research company.During the same period, 15 suburbs went from being predominantly composed of homeowners to majority-renter communities. The trend spans fast-growing Sun Belt metros like Dallas, Houston and Miami as well as Northeastern cities like Boston and…
Author: usaeverydaylife
Investors fled to safe-haven assets Friday after a series of Israeli airstrikes on Iran marked a major escalation of conflict in the region.The scale of the attack, which Israel said was targeting Iran’s nuclear program, took markets by surprise, pushing up prices of assets thought to offer protection in times of heightened volatility.”The news has led to significant fears about an escalation and a wider regional conflict,” Deutsche Bank strategists said in a note early Friday. “The effects of the attack have cascaded across global markets, with a strong risk-off move for several asset classes.”Gold hit an almost two-month high…
There are 973 U.S. firms with operations in Ireland, according to the American Chamber of Commerce Ireland. Members of President Donald Trump’s administration have signaled that some of that activity should return to the states. “They have all the IP for all our great tech companies and pharma companies,” Commerce Secretary Howard Lutnick said in an appearance on the All-In podcast in March. “Those things got to end.”Companies such as Apple, Microsoft and Pfizer appear to have taken steps to stow intellectual property in Ireland, reducing their effective corporate income tax rates. For example, the European Commission found that in 2014,…
Indian Rare Earths extracts rare earth elements from beach sands in Kerala, India.Pallava Bagla | Corbis News | Getty ImagesIndia, like many countries, is facing China’s restrictions on rare earth exports — and it wants to develop its own domestic supplies. Experts say it could become an important alternative to China for partners such as the U.S., but will require much more public and private investment in the sector.In recent weeks, the world has been grappling with a rare earths shortage in light of those curbs from China. Auto manufacturers across India, the U.S., Japan, South Korea, and Germany have…
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas on Jan. 6, 2025.Steve Marcus | ReutersA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Nvidia’s soaring stock price has supercharged CEO Jensen Huang’s fortunes – as well as his charitable giving.Over the past five years, the charitable foundation launched by Huang and his wife, Lori, has grown from $828 million in assets to more than $9.1 billion,…
Alexandr Wang, CEO of ScaleAI speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.Gerry Miller | CNBCScale AI founder Alexandr Wang told employees in a memo on Thursday that he’s leaving for Meta, confirming reports from earlier in the week about his departure and a large investment from the social networking company. Meta is pumping $14.3 billion into Scale AI as part of the deal, and will have a 49% stake in the artificial intelligence startup, but will not have any voting power, a Scale AI spokesperson said.”As you’ve probably gathered from recent…
The Trump administration is facing legal challenges to its deployment of Marines and National Guard troops to Los Angeles. Shawn Hubler, the Los Angeles bureau chief for The New York Times, talks with Katrin Bennhold, a senior writer, about what she’s seen on the ground in the city. Source link
Costco’s biggest spenders will soon be getting more bang for their buck.Three months after the retailer extended hours at its North American gas stations, Costco has announced that shoppers who pay for its $130 Executive Membership will be able to enjoy early access to its warehouses.Stores will now be open to Executive Members beginning at 9 a.m., giving them an extra hour in the store before Gold Star members are let in. The new change was announced a little over a week after CEO Ron Vachris said on the company’s May 29 earnings call that customer response to the gas…
‘Fast Money’ traders talk what recent moves in the U.S. dollar mean for markets. Source link
California Governor Gavin Newsom gestures while speaking, as he announces the Golden State Literacy Plan and deployment of literacy coaches statewide, at the Clinton Elementary School in Compton, California, U.S. June 5, 2025. Daniel Cole | ReutersA group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state’s 2035 electric vehicle rules and heavy duty truck requirements.U.S. President Donald Trump on Thursday signed three resolutions approved by lawmakers barring California’s electric vehicle sales mandates and diesel engine rules, including its landmark plan to end the sale of gasoline-only vehicles by 2035.”We officially…
