The median monthly mortgage payment has risen to an all-time high of $2,632, per Redfin. That's up 13.9% compared to one year ago, and it comes as mortgage rates hit 7.25% this week for the typical 30-year fixed rate. In August, the average entry-level home

Numerous average house prices in Canada have broken a million. The average home price in Vancouver, Canada is $1,188,000. The average home price in Toronto, Canada, is $1,164,400. The average cost of a home in Canada is $754,700 CAD, per DollarWise. Meanwhile, Canada's

American workers are demanding almost $80,000 a year to take a new job, per CNBC. The desire for a higher salary when considering a job has reached an all-time high this year, indicating that inflation remains a prominent factor, especially within the job market. According to the most recent

24% of mortgage holders in Canada are having trouble paying their monthly payments, per the Canada Mortgage and Housing Corporation. Meanwhile, three prominent Canadian banks have disclosed that approximately 20% of their residential mortgage borrowers, representing nearly $130 billion in loans, are experiencing a situation where their outstanding balances are

The average monthly payment for new vehicles reached a record $738 in August, per CNBC. Meanwhile, buying a car has become extremely expensive as now only 8% of new vehicles cost less than $30,000, down from 38% during pre-pandemic levels, according to CoPilot. This means that the car market

Nearly 50% of American parents say they’d prefer their kids not enroll in a 4-ear college, per WSJ. Nine in ten graduates said learning a skilled trade can create a better pathway to financial security than going to college Per Bloomberg: Almost half of respondents in the poll of

Some buyers with low credit scores and high debt-to-income ratios are getting 30-year average mortgage quotes in the 8% range, per Bloomberg. Additionally, a recent surge in US mortgage rates has pushed affordability to the lowest level in nearly four decades, per Bloomberg. The housing market is stuck, per BI:

YouTube influencers Kevin Paffrath and Tom Nash, as well as NFL quarterback Trevor Lawrence, have agreed to settle claims for an unknown amount alleging that they helped dupe investors who lost billions in the collapse of FTX, per Bloomberg. The settlement terms remain undisclosed by Lawrence and the Youtube duo.

"You make almost $30 million. Why should your workers not get the same pay increases that you're getting leading the company?" General Motors, $GM, CEO: "My compensation, 92% of it is based on performance of the company... When the company does well, everyone does well.

Mark Cuban had one of his hot wallets hacked for around $870,000, per Cointelegraph. According to the transaction history on Etherscan, several batches of assets such as USD Coin, Tether and Lido Staked Ether were suddenly withdrawn from the wallet within a 10-minute window. Cuban added that he had

Powerball winner bought a new $47 million LA mansion after his $2 billion win, per NYP. Edwin Castro was 31 years old when he won a whopping $2.04 billion Powerball jackpot in November 2022. He chose the $997.6 million cash option in February 2023 and claimed his prize.

Billionaire property developer Tim Gurner said that "We need to see unemployment rise. We need it to rise 40-50%. We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around." Gurner admitted his remarks “were

On September 15th, 2008, 15 years ago to the date, Lehman Brothers declared the largest bankruptcy in history, following the subprime mortgage crisis. When housing prices dropped and homeowners couldn't afford their payments or refinance their mortgages, they defaulted on their loans. Scores of people had their homes

Senator Josh Hawley has introduced a bill to cap credit card interest rates at 18%. "You just can’t convince me that these credit cards need to make more than 18% profit in order to be making plenty of cash. So they’re doing great right now, they’re

Yellow paid bonuses totaling about $4.6 million to eight current and two former executives in the weeks before the company went bankrupt, per Bloomberg. Just weeks before its closure and the subsequent dismissal of thousands of employees, Yellow Corp. disbursed substantial bonuses to its executives as a measure to

Researchers at the Federal Reserve have issued warnings in recent weeks about possible disruptions in U.S. Treasuries due to hedge funds' short positions hitting a record high with basis trades, per Reuters. In recent weeks, researchers at the Federal Reserve have issued cautions regarding potential disruptions in the

Cocaine is set to become Colombia’s main export, overtaking oil, per Bloomberg. Cocaine is set to become Colombia’s main export, overtaking oil, as production of the narcotic continues to expand as the government take a more lenient policy regarding drugs, according to estimates by Bloomberg Economics. Oil exports

Canada aims to bring in a record half a million new permanent residents in 2025 to deal with an acute labor shortage, per CTV. Meanwhile,  Canada’s population growth from immigration is causing rents to surge in its biggest cities, per Bloomberg. They showed this figure: Prime Minister Justin Trudeau’

Return-to-office policies are driving people to sell their homes, even at a loss, per BI. Meanwhile, workers making over $150,000 a year prefer working from home and would be willing to take a 20% pay cut to continue doing so, per BI. Criticism often falls on younger workers for

United Auto Workers will strike Ford, General Motors, and Stellantis. Thousands of autoworkers will hit the picket line and shut down key plants across the country. This is the first time in history the union is striking all of the Big 3 at once. They've announced targeted stand-up

Half of Canadians are living paycheque to paycheque, per the Canadian Press. Canada’s population growth from immigration is causing rents to surge in its biggest cities, per Bloomberg. They showed this figure: Prime Minister Justin Trudeau’s government plans to welcome 465,000 new permanent residents this year, and

ustin Trudeau, the Prime Minister of Canada, has said home prices in Canada are too high and his government will take steps to improve affordability for residents who increasingly feel the “promise” of his country is out of reach, per Bloomberg. The average cost of a home in Canada is

Venice, Italy has approved a €5 daily entrance fee, per Bloomberg. All visitors over the age of 14 will have to pay the charge and book their entry to the city in advance. City council member for tourism Simone Venturini says the trial will run during peak tourist periods next

Tipping at full-service restaurants has fallen to the lowest level since the start of the Covid-19 pandemic, per CNBC. Meanwhile, Tipping has become a commonplace, especially in the food and hospitality industry, and although it's a culture, a recent survey by Bankrate found that 30% of Americans think

A report from UBS estimates that global car production will exceed sales by 6% this year, leaving an excess of 5 million vehicles that will require price cuts to get sold off of lots, per Yahoo Finance. The U.S. automotive market has experienced a rapid slowdown in just a