Housing affordability in the US is near all-time-lows, per $GS. In November, nationwide, households need six-figure incomes to comfortably afford the typical home for sale, according to a report by Redfin. Last month, the nation’s home buyers needed to make about $107,000 annually, up from about $74,000

Starting salaries for graduates with a bachelor’s degree in computer science are projected to drop by 4% to $72,843 for the class of 2023 compared to a year ago, per NACE. Meanwhile, software engineering and data science job listings are down 24% and 27% from last year, per

The largest US pension fund, California Public Employees' Retirement System, has only had a return of 0.49% on its VC investments, per BI. Because venture is such a risky asset class, institutional investors generally expect 25% to 30% IRR for early-stage funds, Leonard Sherman, a professor at Columbia

Biden is considering issuing an executive order on US-China investments, per Politico. Per Politico: President Joe Biden is expected to forego expansive new restrictions on American investment in China, denying a push by some hawks in his administration and in Congress. The order may still prohibit U.S. investments in

Elon Musk has reportedly approached AI researchers in recent weeks about forming a new research lab to develop an alternative to ChatGPT, per the Information. Musk co-founded OpenAI in 2015 with Sam Altman, president of startup accelerator Y Combinator, in 2015 to keep tabs on AI development and served as

White House gives agencies 30 days to impose federal device TikTok ban, per CNBC. Canada recently banned it, on Feb 27, as well. "This may be a first step, it may be the only step we need to take," Justin Trudeau said. As government bans TikTok on work

Canada bans TikTok from all federal government devices. It stated that TikTok presents an "unacceptable" level of risk to privacy and security. In December, the US Senate voted to ban TikTok from all government devices. Reportedly, Reuters states that a proposal will be included to do the same

Elon Musk is the world’s richest person again, per Bloomberg. The Tesla CEO was unseated from the top spot by Bernard Arnault, CEO of French luxury brand LVMH in December of last year, making Musk No. 2 on the list for more than two months. As of Monday, however,

Govenor Ron DeSantis has signed legislation that gives the state of Florida control over Walt Disney, $DIS, World's self-governing district, Reedy Creek. “Today, the corporate kingdom finally comes to an end,” DeSantis said Monday at a Reedy Creek fire station in Lake Buena Vista, Florida. “There’s a

An office landlord tied to money manager Pimco has defaulted on $1.7 billion of mortgage notes, per Bloomberg. The buildings — in San Francisco, New York, Boston and Jersey City, New Jersey — are owned by Columbia Property Trust, which was acquired in 2021 for $3.9 billion by funds managed

Elon Musk just announced Twitter will be making significant performance-based stock and compensation awards for remaining employees. This is after letting go approximately 1/3 of workers, for about 2,500 remaining. In January, as well, Twitter begun applying for regulatory licenses across the US and designing the software required

Gen Z workers are putting away 20% of their annual salary into their 401(k) or a similar plan, per Forbes. Here are the age groups and the average amount they have in their retirement savings. * Gen Z - people born from 1997 to 2012 - have a median of

The U.S. Energy Department has concluded that the Covid-19 pandemic was most likely caused by a laboratory leak, the Wall Street Journal reported. The Energy Department, which oversees many U.S. laboratories, came to its conclusion based on new intelligence, but deemed its level of confidence in its judgment

Berkshire’s Performance vs. the S&P 500 Year Berkshire  Included 1965 ......................................................................... 49.5 10.0  1966 ......................................................................... (3.4) (11.7)  1967 ......................................................................... 13.3 30.9  1968 ......................................................................... 77.8 11.0  1969 .................................................................

Supreme Court has ruled 9 to 0 that bankruptcy filers can’t avoid debt incurred by another’s fraud, per CNBC. “Innocent people are sometimes held liable for fraud they did not personally commit, and, if they declare bankruptcy, [the bankruptcy code] bars discharge of that debt,” Barrett wrote. “So