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Real Estate

“Home prices rose 2.4 times faster than inflation since 1960s, study finds…”

“While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found…. In reality, the cost of a typical house in the U.S. is closer to half a million dollars. The median… Continue Reading…

Business, Stocks

“Altria adds $2.4 billion to share repurchase kitty, lifts earnings forecast on AB InBev stake sale”

“Altria Group expanded its share buyback program by $2.4 billion and raised its annual profit forecast on Thursday, after the Marlboro maker agreed to sell about 10% of its stake in brewer Anheuser-Busch InBev… The company now expects 2024 adjusted… Continue Reading…

Stocks

“Terran Orbital stock surges after winning $2.4 billion contract to build satellites for Rivada”

“Terran Orbital shares surged in early trading on Wednesday, after the company announced a $2.4 billion contract to build communications satellites for Rivada Space Networks. The spacecraft builder will design, manufacture and deploy 288 satellites for Rivada out of Terran’s… Continue Reading…

Economy

“Jobless claims total 2.4 million, still elevated levels but a declining pace from previous weeks”

“First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market. Economists surveyed by Dow Jones had been looking for 2.4 million claims. The seasonally adjusted… Continue Reading…