The recent data coming out of Monterey Car Week indicates a noticeable shift in the classic car market. Auction sales during the event dropped by 3% compared to the previous year, with total sales at the five car auction houses falling to $391.6 million from $403 million. This decline is part of a larger trend,
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In a surprising turn of events, shareholder returns for top homebuilders D.R. Horton and Lennar have outpaced the wider S&P 500 between August 2014 and August 2024. Analysts, however, have downgraded the investment outlook of both companies this summer. Despite this, some investors remain optimistic about the industry’s prospects for performance. Industry observers have noted
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The Covid-19 pandemic brought about a significant change in the U.S. labor market with the rise of remote work. Economists suggest that this trend is not just a passing phase but has become a permanent fixture. According to Nick Bunker, the economic research director for North America at Indeed, the work-from-home revolution is one of
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Retirees face the ongoing challenge of managing their income from various sources, including Social Security, pensions, retirement plans, and other investments. With the responsibility of withholding taxes or making quarterly payments to the IRS, retirees must stay on top of their tax obligations to avoid penalties. One lesser-known strategy that can help retirees cover their
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The recent data released by the National Association of Realtors reveals a positive growth in closed sales of previously owned homes. In July, there was a 1.3% increase compared to June, reaching a seasonally adjusted annualized rate of 3.95 million units. This marks the first gain in five months despite a 2.5% drop in sales
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Philadelphia Federal Reserve President Patrick Harker recently voiced his support for an interest rate cut, indicating that a monetary policy easing is highly likely to occur in September. This endorsement came during the Fed’s annual retreat in Jackson Hole, Wyoming. Harker emphasized the importance of a methodical approach to easing and the necessity of signaling
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