As California continues to grapple with its long-standing housing affordability crisis, a new bill is proposing a novel solution: put a pause on changes to the state’s building code. Assembly Bill 306, introduced by Assemblymember Nick Schultz of Burbank, seeks to freeze the current building standards through at least 2031.…
What happens to mortgage rates with more trade deals?If we avoid a recession, mortgage rates could stay elevated. What will happen to mortgage rates now that China and the U.S. have made progress in their trade war, agreeing to a 90-day period of lower tariffs? Stocks are up considerably this…
An “ultimate money printer” sounds very desirable in these times — or in any time, really. To combat financial friction due to heightened tariffs on goods and the declining value of the U.S. dollar, personal finance guru Graham Stephan said many investors are turning to one thing. Read on to…
Nancy Pelosi‘s investments over 11 years have outperformed the ‘Oracle of Omaha’, Warren Buffett‘s Berkshire Hathaway Inc. (BRK), with gains that are more than double the latter’s performance. What Happened According to the data from Quiver Quantitative, Pelosi’s investments have fetched her gains of 692.75% since May 16, 2014. This…
The flagging economy is beginning to weigh heavily on the U.S. housing market. President Donald Trump’s trade war is pushing construction costs higher, and interest rates are expected to remain elevated through the rest of the year. According to the original report, “The faltering economy is starting to become a…
Warren Buffett said Saturday that he will step down as the head of Berkshire Hathaway (BRK.A) at the end of this year, ending a storied investing career that saw him beat the market year after year and earned him the nickname “Oracle of Omaha.” Buffett, Berkshire’s CEO and chairman, said…
Microsoft led the charge, with the stock jumping more than 11% for the week, fueled by surging cloud and AI demand — and management’s clear, detailed take on both in the earnings call. Azure cloud revenue grew 33% year-over-year, reaccelerating from the previous quarter and beating both internal targets and…
The S&P 500 just notched its longest winning streak in more than 20 years. After climbing for nine straight sessions and gaining 10%, it has now erased all the losses suffered since April 2 — the day President Donald Trump launched his global trade war. But as the article puts…
Homebuyers are retreating once more, with mortgage demand falling even as rates remained relatively stable last week. “Applications for a mortgage to purchase a home dropped 4% last week compared with the previous week,” according to the Mortgage Bankers Association’s seasonally adjusted index. The report noted that “volume was just…
Founders don’t move their companies across the Atlantic because they hate their home countries. They do it because they’re building businesses”European Startups”, not political programs. As the article puts it, “Founders… want to build the biggest company possible, access the largest customer base, hire great talent and access capital. In…