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Real Estate

“Home sales spike 14.5% in February as the median price drops for the first time in over a decade…”

“Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly… Continue Reading…

Economy

“Egg prices increased 70% over the last year—here’s why”

“Grocery costs increased dramatically over the last year, but nothing beats the price of eggs, which have grown by 70.1%, according to the latest data from the Bureau of Labor Statistics… To offset inflation, the deli has added a 50-cent surcharge… Continue Reading…

Economy

“Shopper turnout hit record high over Black Friday weekend, retail trade group says”

“A record number of holiday shoppers – 196.7 million – flocked back to stores and hunted for deals from Thanksgiving Day to Cyber Monday, according to a survey by the National Retail Federation, which tracks the figure for in-person and… Continue Reading…

Business, Economy, Personal Finance

“The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings”

“If you use third-party payment platforms, like PayPal, Venmo or Cash App, to collect payments for your side gig or business, the Internal Revenue Service (IRS) wants to remind you to report payments of at least $600. This rule is aimed at individuals who… Continue Reading…

Investing, Personal Finance

“Average 401(k) balances plunged 23% year-over-year due to market volatility, Fidelity says”

“The average 401(k) balance sank for the third consecutive quarter and is now down 23% from a year ago to $97,200, according to a new report by Fidelity Investments, the nation’s largest provider of 401(k) plans. The financial services firm handles more… Continue Reading…

Cryptocurrencies

“Ether drops 15% since major Ethereum network upgrade as traders take profits and fret over rate hikes”

“…Since Sept. 15, the date the merge was completed, to Tuesday, ether is down 15.2%. Bitcoin has dropped 4.4% in the same period. Ahead of the network upgrade, the price of ether roughly doubled from the lows of the year in… Continue Reading…

Economy

“Inflation: Consumer prices rise 8.3% over last year in August, tanking stocks and clinching rate hikes”

“…The Consumer Price Index (CPI) in August reflected an 8.3% increase over last year and a 0.1% increase over the prior month, the Bureau of Labor Statistics reported Tuesday. Economists had expected prices to rise 8.1% over last year and fall 0.1%… Continue Reading…

Cryptocurrencies

“Fake crypto apps have stolen over $42 million from investors in under a year…”

“The FBI says 244 investors in under a year have been scammed out of around $42.7 million through fraudulent mobile applications that claim to be legitimate cryptocurrency investment platforms. According to a new warning from the FBI, cyber criminals are attempting to… Continue Reading…

Cryptocurrencies

“Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether”

“New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the… Continue Reading…

Cryptocurrencies

“Bitcoin tops $22,000 as crypto market hopes contagion and shakeout is over; ether jumps 10%”

“Bitcoin bounced above $22,000 on Monday, hitting its highest level in more than a month as the cryptocurrency market held out hope that the contagion and shakeout over the past few weeks is nearing its end. The world’s largest cryptocurrency was… Continue Reading…