The tax rebellion that could reshape Western politics In Montana — where the part-time legislature won’t meet again until 2025 — upstart Democratic gubernatorial candidate Ryan Busse is putting calls to cut the property tax rate at the center of his ... 05/2/2024 - 12:00 pm | View Link
Taxpayer to fork out £85bn to cover Bank of England losses The boss of HSBC has announced he is unexpectedly retiring after five years in the job. Noel Quinn will remain in place until the bank finds a successor, with Europe’s largest bank considering ... 04/30/2024 - 6:59 am | View Link
Lawmakers want to ban Wall Street from buying up more single-family homes across the US Wall Street firms in recent years have spent billions aggressively scooping up single-family homes with cash — but a growing number of US lawmakers and state officials want to put an end to the ... 04/29/2024 - 8:14 am | View Link
Buying a home is more expensive than ever Presented by BP —{beacon} Business & Economy Business & Economy PRESENTED BY The Big Story It’s more expensive than ever to buy a homeA new report from ... 04/25/2024 - 11:05 am | View Link
Cost of buying a home in America reaches a new high, Redfin says The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds. 04/25/2024 - 9:10 am | View Link
Science Photo Library/Getty, Neziha Kalı Ertuğrul/Getty, Yevgen Romanenko/Getty, Tyler Le/BIThe economy is settling into its new shape, and it might mean lower pay for new workers. Job growth in April was concentrated in traditionally low-paying sectors like healthcare and retail. Wage growth, though slower, still outpaces inflation, which is still a boon for workers.
This black-and-white image released by the US military's Central Command shows the fire aboard the bulk carrier True Confidence after a missile attack by Yemen's Houthi rebels in the Gulf of Aden on March 6, 2024. US Central Command via APHouthi attacks on ships in the Red Sea and Gulf of Aden have gone on for months.
A person hacking people's password using a computer. Getty ImagesPro-Russia hackers are targeting infrastructure systems in the US and Europe, says a security advisory. Hackers have infiltrated infrastructure sectors in water, dams, energy, and agriculture. Security agencies say improved cyber hygiene can prevent these breaches. Infrastructure systems in the US and Europe are vulnerable targets for pro-Russia hackers, numerous security agencies cautioned in a May 1 advisory statement."In early 2024, the authoring organizations observed pro-Russia hacktivists targeting vulnerable industrial control systems in North America and Europe," the advisory said, which was authored by the FBI, the Cybersecurity and Infrastructure Security Agency, along with other domestic and international bureaus.
Business Insider
Friday's jobs report has stamped out worry of a stagflationary economy.
Fears of this scenario have flared over the past weak, set off by a weak first-quarter GDP print.
But payroll additions came in neither too hot nor too cold, and average hourly earnings fell, helping dispel a stagflation narrative.
The US economy looks to have steered clear of danger after the specter of stagflation spooked markets and put analysts on edge in recent weeks.
Fabian Sommer/picture alliance via Getty ImagesA YouTuber tested if Tesla's Cybertruck update makes the frunk safer by closing it on his finger. The frunk update worked well on produce, but crushed his finger and left it shaking with a dent. A Tesla engineer said the test was done wrong because the frunk increases in pressure every time.
Financial crises are the new normal, according to one Yale economist. PonyWang/Getty Images
Stocks and the economy look strong but there are four factors that could pose a problem, Capital Economics said.
Geopolitical risks in the Middle East and high interest rates are big risks to markets.
A depreciation of the Chinese yuan and soaring US debt are also the two factors investors need to watch.