Surging mortgage rates aren’t just raising the cost of purchasing a new home. An alarming number of recent homebuyers have discovered they already owe more on their property than it’s worth, according to a new analysis. Some 250,000 people who took out a mortgage this year to buy a home …
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Sales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market. Existing home sales fell 5.9% last …
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Disgraced Theranos CEO Elizabeth Holmes is casting herself as a Silicon Valley scapegoat who overcame an abusive relationship to become a loving mother in an effort to avoid a lengthy prison sentence for duping investors in her failed blood-testing company. In an 82-page document filed late Thursday, Holmes’ lawyers tried …
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Elon Musk tweeted Sunday that Twitter will permanently suspend any account on the social media platform that impersonates another. The platform’s new owner issued the warning after some celebrities changed their Twitter display names – not their account names – and tweeted as “Elon Musk” in reaction to the billionaire’s …
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Stocks are rising in afternoon trading on Wall Street Tuesday as traders take in a heavy round of earnings reports from big U.S. companies. The S&P 500 rose 62 points, or 1.6%, to 3,859. The Dow Jones Industrial Average rose 337 points, or 1.1%, to 31,836 and the Nasdaq rose …
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Stockholm — This year’s Nobel Prize in economic sciences has been awarded to the former chair of the U.S. Federal Reserve Board, Ben S. Bernanke, and two U.S.-based economists, Douglas W. Diamond and Philip H. Dybvig, “for research on banks and financial crises.” The prize was announced Monday by the …
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Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle. The report also found that the large banks that …
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The nearly 70 million older Americans and others who receive Social Security benefits could get an average bump of $1,729 next year, which for most would amount to the biggest increase ever. Given current inflation trends, the Social Security Administration is likely to boost monthly payments by 8.7%, which would …
Read More »The man who was pictured as a baby on the cover of an iconic Nirvana album is appealing his lawsuit against the band. A judge last week dismissed the lawsuit, which accused the grunge rock group of child pornography. Los Angeles artist Spencer Elden, now 31, filed the lawsuit in …
Read More »A U.S. government agency has rejected a trademark application by Donald Trump’s Truth Social because the social network’s name isn’t unique enough. In a filing from August 2, the U.S. Patent and Trademark Office said Truth Social’s name is too similar to other businesses, which could cause consumers to be …
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