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UPS Cutting 12K Jobs, Citing Higher Costs

United Parcel Service (UPS) employees walk a “picket line practice” ahead of a possible UPS strike in Queens, New York, July 7, 2023. The Teamsters union, which represents more than 300,000 UPS drivers and warehouse workers, announced on July 5 that UPS workers have until the end of July to strike after labor negotiations with […]

Democratic senators call on Fed to cut interest rates over high housing costs

Several Democratic senators on Sunday called on the Federal Reserve to cut interest rates, arguing that rate cuts are “exacerbating this country’s persistent crisis in housing access and affordability.” In a letter to Federal Reserve Chairman Jerome Powell, Sen. Elizabeth Warren (D-Mass.), Sen. John Hickenlooper (D-Colorado), Sen. Jacky Rosen (D-Nevada), and Sen. Sheldon Sen. Whitehouse […]

Housing costs now unaffordable for record number of US renters

If you're struggling to pay your monthly rent, you're not alone. New data from Harvard University shows that more Americans than ever before are suffering from the problem. A record 22.4 million renters in the U.S. are considered “costly” to make monthly housing payments, the latest count from 2022, according to a study released Thursday […]

Housing costs now unaffordable for record number of renters in US

Global real estate advisor Jenna Stauffer insisted on “Morning with Maria” that the American dream of homeownership still exists. If you're struggling to pay your monthly rent, you're not alone. New data from Harvard University shows that more Americans than ever before are suffering from the problem. A record 22.4 million renters in the U.S. […]

Don’t let Taylor Swift be the new John Lennon, protect her at all costs

Taylor Swift's concert tour made $1 billion. She rerecorded her albums to get out of a bad contract and they all became best sellers again. She was named Time Magazine's Person of the Year. There's not much Taylor Swift can't do. And I hope that includes finally getting New York lawmakers to see sense. The […]

Alphabet’s X division lays off dozens of workers to further cut costs

Google's parent company Alphabet is reportedly laying off dozens of employees in a secret division that develops new technology as part of the search giant's broader cost-cutting drive. In recent months, the unit, known as X Lab, has been in talks with venture capitalists, sovereign wealth funds and private equity firms to raise money, according […]

Prince Harry Faces $950,000 Legal Costs After Dropping Libel Case

Prince Harry has dropped his lawsuit against the publisher. sunday mail This is one of several lawsuits the duke has filed against British newspapers over the past year. Prince Harry's lawyers were scheduled to submit documents related to his lawsuit against Associated Newspapers in court on Friday, but gave a last-minute notice that they were […]

How homebuyers could save $1,000 on closing costs this year

Government-backed mortgage giant Fannie Mae has proposed a plan to save U.S. home buyers $1,000 on closing costs. fannie mae Said Expands the types of mortgages available for purchase and provides buyers with a lower-cost alternative to expensive title insurance, which is a contractual obligation that protects property owners and mortgage lenders from losses related […]

Personal use of corporate jets has soared 50%, costs companies $65M

The number of business owners using corporate jets for personal travel has jumped 50% since the pandemic, but the free perks are costing companies millions of dollars. S&P 500 companies spent $65 million in 2022 for their senior executives to fly on corporate jets for personal travel. According to the Wall Street Journal. Early signs […]