1.9% of multifamily properties financed with Commercial Real Estate Collateralized Loan Obligations didn't earn enough rent to cover their debts

1.9% of multifamily properties financed with Commercial Real Estate Collateralized Loan Obligations didn't earn enough rent to cover their debts, per Trepp. Recently, Due to the high housing prices, even banks are losing money on every mortgage they finance. On average, every mortgage that banks originated in

Bud Light owner Anheuser-Busch is reportedly pausing its marketing efforts and reevaluating its influencer partnerships

Bud Light owner Anheuser-Busch is reportedly pausing its marketing efforts and reevaluating its influencer partnerships, per the Daily Wire. Daily Wire claims: “No one at the senior level” of the company was aware of Bud Light’s ongoing partnerships, quoting an unnamed source. This is after a reported partnership

Supreme Court allows $6 billion student loan debt settlement, per CNBC

Supreme Court allows $6 billion student loan debt settlement, per CNBC. The class-action settlement concerns loans that borrowers claim should be canceled because they were taken out based on misrepresentation made by their schools, many of which are for-profit. The settlement could be worth more than $6 billion.

millennials

Millennials have been taken over by the Baby Boomers as the top homebuyers of 2023

Per the National Association of Realtors Millennials used to make up the largest chunk of homebuyers, but in 2023, Baby Boomers overtook them, resulting in 39% of homebuyers this year. Gen Z buyers also saw an increase, reaching 4%. In 2022, baby boomers only made up 29% of home buyers,

debt

Outstanding US debt totaling $384 billion in the first six months of 2023

Per Bloomberg The outstanding US debt reached $384 billion in the first six months of 2023. This resulted in a 32% increase compared to the same period in 2022, as the federal government's budget deficit jumped by 63% over a year ago. This reportedly meant that the budget

mortgage rates

Americans think mortgage rates could increase past 8% in the next 12 months

Per NY Feds Americans aren't too optimistic about the future of mortgage rates as they expect it to blow past 8% in the next 12 months. This was compared to the 11.5% in February of last year. Regarding real estate for investment or personal use, the New

Apple

Apple Tim Cook starts reading emails at 5 AM to start his day

Per GQ Magazine A recent piece was published taking a closer look into one of the most powerful people in the tech industry today, Tim Cook, the CEO of Apple. The report revealed the CEO's schedule and how he works throughout the day, including his first task, which

twitter

Twitter partners with eToro to add stock, crypto, and charts to the app

Per CNBC Elon Musk has previously entertained the idea of adding tickers to Twitter, and now, this feature comes to reality with the partnership of the social platform and eToro. This is part of Musk's mission to turn eToro into a "super app." The partnership will

FTX will consider restarting its crypto exchange in the second quarter

FTX will consider restarting its crypto exchange in the second quarter. In an April 12 hearing in the United States Bankruptcy Court for the District of Delaware, lawyers with Sullivan & Cromwell representing FTX said the crypto firm had recovered roughly $7.3 billion in liquid assets. A March filing

Apple, $AAPL, has hidden a bitcoin manifesto in every Mac since 2018

Apple, $AAPL, has hidden a bitcoin manifesto in every Mac since 2018. Technologist Andy Baio says he accidentally discovered a copy of Satoshi Nakamoto's bitcoin white paper on his Apple Mac computer. "While trying to fix my printer today, I discovered that a PDF copy of Satoshi

The US federal government’s budget deficit hit $1.1 trillion in the first half of the fiscal year, a 63% jump over a year ago

The US federal government’s budget deficit hit $1.1 trillion in the first half of the fiscal year, a 63% jump over a year ago, per Bloomberg. Interest payments on outstanding debt in the first six months of fiscal 2023 totaled $384 billion, an increase of 32% over the

More than dozen US special forces on the ground in Ukraine

More than dozen US special forces on the ground in Ukraine, per NYP. It specifies 14 US special forces on the ground in Ukraine. The UK has deployed 50 of its elite fighters, accounting for more than half of all Western special forces allegedly active in Ukraine. In March, the

JPMorgan, $JPM, was aware by 2006 that Jeffrey Epstein had been accused of paying cash to have underage girls and young women brought to his home — seven years before the bank dropped him as a client

JPMorgan, $JPM, was aware by 2006 that Jeffrey Epstein had been accused of paying cash to have underage girls and young women brought to his home — seven years before the bank dropped him as a client, legal filings in New York have alleged per FT. In March, it was announced

PBS has followed NPR in quitting Twitter

PBS has followed NPR in quitting Twitter, per Bloomberg. NPR stopped using Twitter after receiving ‘government funded media’ label. “NPR’s organizational accounts will no longer be active on Twitter because the platform is taking actions that undermine our credibility by falsely implying that we are not editorially independent,” the

Fed staff projected a mild recession starting later in 2023

Fed staff projected a mild recession starting later in 2023, in FOMC minutes. Other notes: - Policymakers scaled back expectations for interest-rate hikes this year after banking turmoil; officials stressed need to watch incoming data to see how deeply an anticipated credit crunch would slow economy, with some calling for

42% of general workers gained a job through nepotism, whereas those in Gen Z, 70% had a job from nepotism

42% of general workers gained a job through nepotism, whereas those in Gen Z, 70% had a job from nepotism, per Applied. Additionally, recently, Kantar estimated that almost half of Gen Z employee income comes from a combination of at least two roles. Only 21% of Boomers were likely to

To afford a $500,000 home in the US, a person would need to make $140,000 a year

To afford a $500,000 home in the US, a person would need to make $140,000 a year, per MarketWatch. Real median household income in the US was $70,784 as of 2021. Notably as well, due to the high housing prices, even banks are losing money on every

NPR stops using Twitter after receiving ‘government funded media’ label

NPR stops using Twitter after receiving ‘government funded media’ label. “NPR’s organizational accounts will no longer be active on Twitter because the platform is taking actions that undermine our credibility by falsely implying that we are not editorially independent,” the broadcaster said in a statement. “We are not putting

google

Google and Amazon experience hardship in letting go of workers in Europe due to labor laws

Per Gulf News Google and Amazon, along with other US big tech companies that announced that they would be laying off employees, are experiencing difficulty in Europe due to their strict local labor laws. The companies are trying to implement voluntary departures to reduce headcount. For example, in France, Alphabet,

warren buffett

Warren Buffett says there's a lot of gambling in the marketplace, adding that 'Bitcoin is a gambling token'

Per CNBC In a recent CNBC interview with Warren Buffett, the Berkshire Hathaway CEO shared his thoughts on the market, saying it is now full of gambling. He also called Bitcoin a "gambling token." Buffett argued that Bitcoin didn't have intrinsic value and that its properties

bank of america

Bank of America clients pulled out $2.3 billion from the equities market for the second consecutive week

Per Bloomberg Clients of Bank of America have pulled out $2.3 billion from the equities market for the second consecutive week. This was for all sizes of US equities. The news came from Bank of America strategists that were led by Jill Carey Hall. Hall released the information in

bank of america

Bank of America clients pulled $451 million from real estate stocks amid commercial property concerns

Per BI Clients of Bank of America have decided to pull almost half a billion from real estate stocks. Due to fears regarding commercial property concerns, clients have pulled $451 million from real estate stocks. Bank strategists led by Jill Carey Hill wrote in a note that this was the

savings

53% of Americans don't have emergency savings, with 1/4 of them only having $5,000

Per CNBC A recent survey of 4,336 respondents who were 18 and above and resided in the United States found that over half had no emergency funds. Specifically, a quarter of them had less than $5,000 saved. This was according to the CNBC Your Money Financial Confidence Survey,

Elon Musk is said to be moving forward with an artificial-intelligence project within Twitter, after recently purchasing roughly 10,000 graphics processing units for the platform

Elon Musk is said to be moving forward with an artificial-intelligence project within Twitter, after recently purchasing roughly 10,000 graphics processing units for the platform, per BI. Recently, Elon Musk and others call for a pause in AI research. They said: AI systems with human-competitive intelligence can

Italy's birth rate has hit a historical low last year with less than seven newborns for every 1,000 inhabitants

Italy's birth rate has hit a historical low last year with less than seven newborns for every 1,000 inhabitants. Since 2008, the birth rate has been on a downward trend in Italy. But it would be the first time that the country's birth rate has