WASHINGTON — Joe Biden’s campaign finance team is offering a series of sweeteners to its most prodigious fundraisers, promising invitations to events with the president and Vice President Kamala Harris, participation in Zoom meetings with campaign staff, or other perks depending on how much money people bring in. A breakdown of the benefits shows that…
Here are three of the week’s top pieces of financial insight, gathered from around the web: The 1% down mortgage Forget 20%. Zillow is offering some homebuyers a 1% down payment, said Matthew Fox in Business Insider. For now, the hefty financing option is “only offered to eligible borrowers in Arizona, though the company intends…
The smartest insight and analysis, from all perspectives, rounded up from around the web: Retailers are blaming rampant shoplifting for their shrinking bottom lines, said Hamza Shaban in Yahoo.com. “In waves of earnings calls” last week, major store chains like Dick’s Sporting Goods, Target, Macy’s, Home Depot, and Dollar Tree took pains to mention “the…
The smartest insight and analysis, from all perspectives, rounded up from around the web: If you want to see everything wrong with the U.S. housing market, just head to Southern California, said Alena Botros in Fortune. It’s no secret that housing in Los Angeles is expensive; the average value of a single-family home there is…
The disparity in the United States between those who have money and those who don’t is continuing to rise. In the first quarter of 2023, “69% of the total wealth in the United States was owned by the top 10% of earners,” according to Statista, while the “lowest 50% of earners only owned 2.4% of…
Here are three of the week’s top pieces of financial insight, gathered from around the web: Oversharing on Venmo Venmo is still sharing way too much of your personal life, said Brian X. Chen in The New York Times. Despite numerous complaints, the money-transfer app “is still set by default to publicly share when you…
The smartest insight and analysis, from all perspectives, rounded up from around the web: The world’s economic engine is sputtering, said The Economist. When China abandoned its draconian zero Covid controls last year, the expectation was that it “would stage a rapid recovery, even as other countries courted recession.” In fact, China’s economic growth has…
The smartest insight and analysis, from all perspectives, rounded up from around the web: The world’s economic engine is sputtering, said The Economist. When China abandoned its draconian zero Covid controls last year, the expectation was that it “would stage a rapid recovery, even as other countries courted recession.” In fact, China’s economic growth has…
Here are three of the week’s top pieces of financial insight, gathered from around the web: A terrible gold deal for retirees Gold IRAs are no safe haven, said Jeremy B. Merrill and Hanna Kozlowska in The Washington Post. Gold IRA investment companies like Lear Capital and Hartford Gold Group typically promote their products as…
America just saw its credit rating drop. The Associated Press reported that Fitch Ratings downgraded the U.S. debt rating from AAA to AA. That was “a move that spurred debate in Washington about spending and tax policies.” Fitch said the government’s rising debt burden and the country’s increasingly ugly political fights — including factors like…