Financial experts generally recommend putting no more than 30% of your income toward housing. But for many Americans, that’s next to impossible — especially if they want to be homeowners.Nationwide, Americans earning the median income need to spend 41.8% of their salary on housing to afford to own a median-priced home, according to a recent Redfin study. Redfin’s calculations assume a 6.72% mortgage rate and 15% down payment, and use household income data from the U.S. Census Bureau for 2023, adjusted for 2024 wage growth.And in certain metros, that burden is even higher. In five California cities, homebuyers earning the…
Author: usaeverydaylife
A Tesla showroom with its logo and electric vehicles on display, including the Model 3 and Model Y, is seen on January 12, 2025, in Chongqing, China. Cheng Xin | Getty ImagesElectric car companies in China welcomed the Year of the Snake with a slew of incentives for consumers, after major automakers reported a drop in deliveries at the start of the year.Softness in Chinese consumption indicators has raised worries that automakers may not be able to sell their accumulated car inventory, said Liz Lee, associate director at Counterpoint Research. “So around the Chinese New Year holidays … they just started…
Dukai Photographer | Moment | Getty ImagesAsia-Pacific markets fall Monday, tracking U.S. stocks futures that were lower ahead of key economic data, with the likelihood of more tariffs escalating trade tensions also denting investor sentiment.U.S. President Donald Trump told reporters Sunday that he was planning to announce a blanket 25% tariff on all steel and aluminum imports on Monday, according to Reuters.Over in Japan, the benchmark Nikkei 225 started the day down 0.41%, while the broader Topix index lost 0.41%The country’s bank lending grew by 3% year on year in January, falling slightly from December’s 3.1%.South Korea’s indexes also opened lower, with…
The National Academies of Sciences, Engineering and Medicine is an independent, 162-year-old nongovernmental agency tasked with investigating and reporting on a wide range of subjects. In recent years, diversity, equity and inclusion — collectively known as D.E.I. — have been central to its agenda.But the Academies’ priorities changed abruptly on Jan. 31. Shortly after receiving a “stop work” order from the Trump administration, the institute closed its Office of Diversity and Inclusion, removed prominent links to its work on D.E.I. from its website’s homepage and paused projects on related themes.Now the website highlights the Academies’ interest in artificial intelligence and…
Traders work on the floor of the New York Stock Exchange on the last day of trading for the year on Dec. 31, 2024 in New York City. Spencer Platt | Getty ImagesStock futures were lower on Sunday, as investors braced for a data-packed week ahead and eyed reports that President Donald Trump may announce a new round of tariffs on Monday.Futures tied to the Dow Jones Industrial Average fell 62 points, or 0.14%. S&P 500 futures slipped 0.18%, while Nasdaq 100 futures ticked down 0.26%.Trump told reporters on Sunday that he’s planning to announce a blanket 25% tariff on all…
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024.Justin Merriman | Bloomberg | Getty ImagesU.S. President Donald Trump said on Sunday that he will announce on Monday new 25% tariffs on all steel and aluminum imports into the U.S., which would come on top of existing metals duties in another major escalation of his trade policy overhaul.Trump, speaking to reporters on Air Force One, on his way to the NFL Super Bowl in New Orleans, also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect…
Piles of coal waiting to be transported at Guoyuan Port container terminal in Chongqing, China.Cfoto | Future Publishing | Getty ImagesThe world won’t be able to release its grip on coal anytime soon.”Nothing can destroy coal,” U.S. President Donald Trump said at the recent World Economic Forum. “Not the weather, not a bomb.”U.S. exports of coal have been rising steadily to satisfy growing global demand for the world’s dirtiest fossil fuel, even though its domestic consumption has decreased.On top of that, the world’s coal capacity reached a new record high of nearly 2,175 gigawatts in 2024, data from Global Energy…
In his new book “Who Better Than You?: The Art of Healthy Arrogance & Dreaming Big,” film producer Will Packer outlines his journey from an electrical engineering student living in Florida to one of Hollywood’s most successful producers.Packer, whose filmography includes “Girls Trip” and “Straight Outta Compton,” credits part of his success to watching, learning and then emulating how people who were more successful than him behaved.”Successful people attract successful people,” he told CNBC Make It.Packer found that the key to achieving your goals isn’t an action. It’s a mindset.”The most high achieving people I know have this feeling that…
Federal courts might be the last guard against TrumpMore than 40 lawsuits have been filed in recent days by state attorneys general, unions and nonprofits seeking to erect a barrier against President Trump’s blitzkrieg of executive orders. Vice President JD Vance yesterday accused any judges who might block the president’s orders of acting illegally. With a compliant Congress, and little significant resistance in either the streets or within the president’s own party, the judicial branch of the government may be the only check on his power. But while the executive branch is entrusted with the capacity for swift, decisive action,…
Team Canada arrives during the Parade of Nations for Invictus Games Vancouver Whistler 2025 opening ceremony at BC Place stadium in Vancouver, British Columbia, Canada on Feb 8, 2025.Corporal Conor R.g. Munn/canadia | Via ReutersEntertainers and dignitaries led by Prince Harry, Duke of Sussex, officially kicked off the 2025 Invictus Games in British Columbia on Saturday in a star-studded opening ceremony.The kickoff event at Vancouver’s BC Place Stadium featured artists Katy Perry, Roxane Bruneau, Noah Kahan, Nelly Furtado and Coldplay’s Chris Martin, with the prince and his wife Meghan, the Duchess of Sussex, seen clapping and singing along to the…
