Author: News Room

The U.S. housing market has remained stagnant, with just 25 out of every 1,000 homes changing hands in 2024, according to recent data from real estate firm Redfin.  The first eight months of the year marked the lowest turnover rate in at least 30 years, according to Redfin, which conducted an analysis of housing turnover by comparing the first eight months of 2024 across different metro areas, home and neighborhood types. It is using turnover as a way to measure housing availability.  Comparatively, there were 37% fewer homes sold this year compared with during the middle of the COVID-19 pandemic…

This month, the U.S. Senate’s Special Committee On Aging held a hearing to address elder financial fraud. It is entitled Fighting Fraud: How Scammers are Stealing from Older Adults. Ranking member Senator Braun stated that Medicare fraud alone cost taxpayers $60B in 2023. The committee thoroughly explored the broad topic of financial elder abuse and solutions. Here at AgingParents.com, where we see the vulnerability of elders firsthand, and repeatedly hear about clients’ aging parents being ripped off, we are glad to see the Senate paying attention. There was testimony from various qualified witnesses at the hearing, which is recorded. Among…

President Biden accused former President Donald Trump of “lying” about the federal response to Hurricane Helene after a reporter started to ask Biden about Trump’s baseless accusation that he and the federal government were going out of their way to avoid helping people in Republican areas. Read the full article here

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel has launched a “limited” ground operation in southern Lebanon, its military said in the early hours of Tuesday morning, capping a devastating escalation against Hizbollah during which it has dealt a series of debilitating blows to the Iran-backed militant group.In the past two weeks, Israel has assassinated Hizbollah’s leader Hassan Nasrallah, decimated its chain of command and launched an overwhelming bombing campaign that has killed more than 1,000 people in Lebanon, and displaced as many as 1mn.“A few hours ago, the…

Avacta Group Plc (OTCPK:AVCTF) Q2 2024 Earnings Conference Call September 30, 2024 6:00 AM ET Company Participants Christina Coughlin – Chief Executive Officer Conference Call Participants Operator Good morning and welcome to the Avacta Group Plc Investor presentation. Throughout this recorded meeting, investors will be in listen-only mode. Questions can be submitted at any time via the Q&A tab situated on the right-hand corner of your screen. Just simply type in your question and press end. Due to the number of attendees on today’s meeting, the company may not be in a position to answer every question received during the…

[BREAKING NEWS] Radio network Audacy on Monday shared that it completed its financial restructuring, successfully reducing its approximately $1.9 billion of funded debt by 80%, to $350 million. The Philadelphia-based company has seen bottom-line growth, which it said has been accomplished via gains in revenue shares, increased digital revenue growth, audience share gains and expense reductions. The audio giant will continue to be led by its current president and chief executive, David Field, as well as its existing management team. “Today, Audacy embarks on our next chapter, capitalizing on our position as a scaled, multi-platform audio leader, differentiated by our…

Emily Odio-Sutton started her Etsy side hustle on her couch while watching a “Real Housewives” TV show in December 2022. She doesn’t recall which one, but she does remember the months of research fed into that moment.Her oldest daughter would start kindergarten the following year, and she knew she couldn’t leave her 9-to-5 job in the middle of the day — even though it was a remote gig — for school pickups, or gymnastics or swimming practice drop-offs.Amid her “doomscrolling,” Odio-Sutton found a series of YouTube videos about print-on-demand — an e-commerce method where sellers create designs for products like…

Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the Nasdaq.Cerebras competes with Nvidia, whose graphics processing units are the industry’s choice for training and running AI models. Cerebras says on its website that its WSE-3 chip comes with more cores and memory than Nvidia’s popular H100. It’s also a physically larger chip. In addition to selling chips, Cerebras offers cloud-based services that rely on its own computing clusters.Cerebras had a net loss of $66.6 million in the first six months of 2024…

Surprisingly, many retirees return to work for reasons other than finances. According to T. Rowe Price’s recent, Retirement: Saving and Spending Study, 20% of retirees are working and 7% are actively seeking work. While many people work in retirement for financial reasons, the study found that 45% of recent retirees chose to work for social and emotional connections. Work provides more benefits than simply an income stream. The survey responses point to the need to also plan for retirement with a lens on the non-financial aspects of work. Cultivating social and emotional connections outside of work is something to do…

The Justice Department sued Alabama on Friday over the state’s recent effort to remove more than 3,000 names from its voter rolls, arguing the move violated federal law prohibiting such action from taking place too close to an election. Alabama GOP Secretary of State Wes Allen announced on August 13 that he had begun a process of removing 3,251 individuals previously identified as being noncitizens from the state’s voter rolls – even as he acknowledged the possibility that some of those people have since become naturalized citizens who are eligible to vote. But in an 18-page lawsuit filed in federal court in…