Tag: economy

More luxury homebuyers paying with cash this year, report saysMore luxury homebuyers paying with cash this year, report says

More luxury homebuyers are paying with cash to acquire properties this year, a report from Coldwell Banker Real Estate revealed. The company said in its “2025 Mid-Year Report” that more than half of over 200 surveyed Coldwell Banker luxury property specialists reported an uptick in wealthy buyers purchasing homes with cash.  Roughly 34.1% said there […] ...

Major housing markets finally rebounding as buyers gain upper hand in unexpected citiesMajor housing markets finally rebounding as buyers gain upper hand in unexpected cities

Housing inventory in a significant number of major metropolitan areas hit levels higher than they were before the COVID-19 pandemic, according to a new report from Realtor.com.  The real estate marketplace said nearly half of America’s 50 largest metros had real estate markets whose number of active listings as of May had surpassed pre-pandemic levels. […] ...

‘X-Files’ star David Duchovny sells $10.9M Malibu home‘X-Files’ star David Duchovny sells $10.9M Malibu home

“The X-Files” star David Duchovny has officially closed the file on his luxurious Malibu retreat. Tucked behind a private gate, the meticulously designed property sold for the hefty price tag of $10,979,100. The three-bedroom main residence features an eye-catching restored train caboose-turned guest retreat on the sprawling property. The Malibu mansion property is 3,577 square-feet, […] ...

Jewish New Yorkers ‘very afraid’ of future in city after Mamdani’s primary victoryJewish New Yorkers ‘very afraid’ of future in city after Mamdani’s primary victory

Concerns over antisemitism continue to grow in New York City, as some residents say they’re beginning to question whether the nation’s largest city is a safe place for them. One social media star says Zohran Mamdani’s victory in the Democratic mayoral primary only escalated those fears in the Jewish community.  “We’re very afraid,” said Ben Soffer, […] ...

OpenAI chief declares love for US while lamenting Democratic Party’s radical turn against ‘techno-capitalism’OpenAI chief declares love for US while lamenting Democratic Party’s radical turn against ‘techno-capitalism’

OpenAI chief Sam Altman put his patriotism on display Friday in a July 4th message while questioning the Democratic Party, who he said has moved away from its traditional principles, leaving him “politically homeless.” In a lengthy post on X, Altman said he was proud to be an American, as millions began celebrating the holiday […] ...

Disney continues tradition of honoring American military with patriotic celebrationsDisney continues tradition of honoring American military with patriotic celebrations

Disney is commemorating 70 years of honoring America’s men and women in uniform with a video highlighting its traditional flag retreat ceremony, which began on Disneyland’s opening day. Every day since July 17, 1955, Disneyland has held a flag retreat ceremony. The Magic Kingdom, one of Disney’s Florida theme parks, joined the tradition on its […] ...

About 49K electric chainsaws, pole saws recalled for switch failure laceration hazardAbout 49K electric chainsaws, pole saws recalled for switch failure laceration hazard

A recall is underway in the U.S. for tens of thousands of electric-corded chainsaws and pole saws that could present a “laceration hazard” to users. The recall, issued Thursday by Positec Tool Corporation, was prompted by the risk that the main switch on roughly 49,000 Hyper Tough 9 Amp Electric Corded 14-inch Chainsaws, Worx 8 […] ...

Six Flags may close nearly 50-year-old California park due to poor financial performanceSix Flags may close nearly 50-year-old California park due to poor financial performance

Six Flags signaled it may soon permanently close one of its West Coast amusement parks, just months after the company announced its Maryland park will be shuttering its gates this fall. Six Flags California’s Great America — a 112-acre theme park that opened nearly 50 years ago in Santa Clara, California – is expected to […] ...

Americans trapped in side hustle economy as 9-to-5 jobs no longer pay the billsAmericans trapped in side hustle economy as 9-to-5 jobs no longer pay the bills

The typical nine-to-five job isn’t cutting it for many Americans as the cost of living continues to rise. Even those with full-time careers in fields, such as real estate and tech, are turning to side hustles to cover bills and make ends meet. “We’re seeing a surge in people turning to side hustles as a […] ...

Karen Read faces potential multimillion-dollar lawsuit from O’Keefe family despite acquittalKaren Read faces potential multimillion-dollar lawsuit from O’Keefe family despite acquittal

Karen Read still has a lawsuit from the O’Keefe family pending against her and, according to legal experts, it could have significant financial implications depending on how it plays out. Family members of Read’s former boyfriend, Boston Police Officer John O’Keefe, filed a lawsuit against Read and two bars in August. During the retrial of […] ...

Five major policies to know from the One Big Beautiful Bill ActFive major policies to know from the One Big Beautiful Bill Act

Republicans in Congress passed President Donald Trump’s package of tax cuts and spending policies known as the One Big Beautiful Bill Act (OBBBA), which the president is expected to sign into law on the Fourth of July. The bill extends tax cuts originally enacted by the Tax Cuts and Jobs Act (TCJA) of 2017 set to expire […] ...

President Trump to honor Iran strike flight team at the White HousePresident Trump to honor Iran strike flight team at the White House

Speaking to a crowd of supporters in Iowa on Thursday night, President Donald Trump announced that the military flight team that launched the strikes on Iran’s nuclear facilities will be honored at the White House on Independence Day. Trump said that he took issue with early media reports suggesting that the strikes on Iran only […] ...

Sin City shines brightest for Fourth of July celebrations while liberal strongholds fall flatSin City shines brightest for Fourth of July celebrations while liberal strongholds fall flat

America’s biggest holiday of the summer has finally arrived – and as citizens get ready to celebrate across the country, one recent report is ranking the best and worst places to do just that. In an effort to help Americans find the best and most affordable places to go all out for the star-spangled occasion, […] ...

Fireworks business booms this Fourth of July as trade talks fizzle out incoming suppliesFireworks business booms this Fourth of July as trade talks fizzle out incoming supplies

NASHVILLE, Tenn. – The fireworks industry is expecting to get by this Fourth of July holiday, but trade tensions with China have some worried that sales leading up to America’s 250th birthday in 2026 could be a bust. Pyrotechnicians and firework distributors have held out hope that the fireworks will be exempt from President Donald […] ...

Billionaire Ray Dalio warns of ‘big, painful disruptions’ after Congress passes Trump’s spending billBillionaire Ray Dalio warns of ‘big, painful disruptions’ after Congress passes Trump’s spending bill

Congress officially passed President Donald Trump’s “big, beautiful bill,” and billionaire Ray Dalio is warning about the possible economic consequences, which could include spending cuts, major tax increases and massive money printing. “Unless this path is soon rectified to bring the budget deficit from roughly 7% of [gross domestic product] to about 3% by making […] ...

Iconic fast food restaurant chain opens latest location as it eyes comebackIconic fast food restaurant chain opens latest location as it eyes comeback

Roy Rogers Restaurants is reviving its brand on the East Coast.  The company – named after the legendary actor, singer and “King of the Cowboys” – opened a location in Cherry Hill, New Jersey, last week, marking the chain’s return to the southern New Jersey and Philadelphia markets since the 1990s.  “We are excited to […] ...

Amazon to shut down streaming app, moving content to Prime Video platformAmazon to shut down streaming app, moving content to Prime Video platform

Amazon’s ad-supported Freevee app will shut down soon, with its content slated to move onto the company’s Prime Video platform.  Freevee “will be accessible until August 2025,” Freevee said in a message displayed within its free streaming service app.  The ad-supported service currently hosts a plethora of movies, television shows and “live 24/7 entertainment channels,” […] ...

What’s in the ‘big, beautiful bill’ for American workers?What’s in the ‘big, beautiful bill’ for American workers?

Republicans in Congress are nearing the final passage of President Donald Trump’s One Big Beautiful Bill Act of tax cuts and spending policies, which would bring certainty to tax policies for workers as well as additional tax relief. The One Big Beautiful Bill Act cuts taxes by nearly $4.4 trillion over the next decade, according to analysis […] ...

Congress sending Trump’s ‘big, beautiful bill’ to his desk after dramatic all-night House voteCongress sending Trump’s ‘big, beautiful bill’ to his desk after dramatic all-night House vote

Congress has officially passed President Donald Trump’s “one big, beautiful bill” on Thursday afternoon after back-to-back sleepless sessions for both the House and Senate. The massive agenda bill now goes to Trump’s desk to be signed into law just in time for Republicans’ self-imposed Fourth of July deadline. The bill – which advances Trump’s policies […] ...

Ackman backs Adams to stop socialist Mamdani, calls on Cuomo to drop outAckman backs Adams to stop socialist Mamdani, calls on Cuomo to drop out

Billionaire businessman Bill Ackman has endorsed New York City Mayor Eric Adams to defeat socialist Zohran Mamdani in this year’s mayoral election — and called on former New York Gov. Andrew Cuomo to drop out of the race to maximize the incumbent’s chances of winning.  Ackman said he met with both Adams and Cuomo yesterday […] ...

Hungry Florida boaters shell out ‘best $50 ever spent’ for fast food delivered at seaHungry Florida boaters shell out ‘best $50 ever spent’ for fast food delivered at sea

If you have ever been at sea and craved a Chick-fil-A chicken sandwich or nuggets, there is a unique way to get it delivered down in Florida. On Crab Island off the coast of Destin, hungry boaters can hail a “floating food” vendor to get their chicken fix.  Video posted to social media shows a […] ...

Trump heads to the heartland to kick off a year celebrating America’s independenceTrump heads to the heartland to kick off a year celebrating America’s independence

President Donald Trump is set to deliver a patriotic speech in Iowa to kick off not only the 4th of July weekend, but also a year of celebrations focused on the U.S.’ 250 years of independence.  America250, a bipartisan commission of private citizens and lawmakers planning celebrations surrounding the 250th anniversary of the signing of […] ...

Trump touts promises kept at America250 kickoff event at Iowa State FairgroundsTrump touts promises kept at America250 kickoff event at Iowa State Fairgrounds

President Donald Trump touted “promise[s] kept” during his address at the America250 kickoff event at the Iowa State Fairgrounds Thursday after Republicans passed the One Big Beautiful Bill Act earlier in the day. “There could be no better birthday present for America than the phenomenal victory we achieved just hours ago when Congress passed the […] ...

Trump naysayers who predicted economic doom again proven wrong after latest jobs reportTrump naysayers who predicted economic doom again proven wrong after latest jobs report

Predictions of President Donald Trump bringing economic doom to the U.S. fell flat once again with the release of the latest jobs report Thursday. The Labor Department reported that employers added 147,000 jobs in June, a figure above the estimate of economists polled by LSEG, who projected 110,000 jobs would be added. The strong and […] ...

From New York to Arizona, migrant facilities shuttering in wake of Trump’s border crackdownFrom New York to Arizona, migrant facilities shuttering in wake of Trump’s border crackdown

Migrant shelters in the United States are closing their doors in large numbers as the border crisis has waned significantly. In January, two shelters shuttered in Pima County, Arizona, according to the Arizona Daily Star. In San Diego, the Jewish Family Service closed its shelter in February, specifically citing policy changes like the CBP One […] ...