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 […] ...
Tag: Tax Planning
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 […] ...
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 […] ...
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 […] ...
US hits Iran’s ‘shadow fleet’ and oil smuggling network with sanctionsUS hits Iran’s ‘shadow fleet’ and oil smuggling network with sanctions
The U.S. targeted Iran’s “shadow fleet” and an Iraq-Iran oil smuggling network with sanctions Friday in a bid to disrupt Tehran’s “access to the financial resources that fuel its destabilizing activities,” Treasury Secretary Scott Bessent announced. The Treasury Department said it is “taking action against networks that have collectively transported and purchased billions of dollars’ […] ...
China trade war threatens US fireworks industry: Stars, Stripes and Sticker ShockChina trade war threatens US fireworks industry: Stars, Stripes and Sticker Shock
With their near-total reliance on Chinese imports, American fireworks companies have landed squarely in the crosshairs of President Donald Trump’s trade war with Beijing. China manufactures 99% of the fireworks enjoyed in backyards and about 90% of the professional-grade displays that dazzle the skies around the globe. The American fireworks industry warns that a 30% […] ...
Mortgage rates fall for fifth straight week, lowest since mid-AprilMortgage rates fall for fifth straight week, lowest since mid-April
Mortgage rates fell for the fifth consecutive week to the lowest level since mid-April, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.67% from last week’s reading of 6.77%. The average rate on a 30-year […] ...
Nissan issues massive recall as faulty part threatens engine failureNissan issues massive recall as faulty part threatens engine failure
Nissan is recalling nearly 443,900 vehicles across certain models under its brand and the Infiniti brand in the U.S. over a faulty part that could cause engine failure. Engine bearings within the recalled 2021-2024 Nissan Rogue, 2019-2020 Nissan Altima, 2019-2022 Infiniti QX50 and 2022 Infiniti QX55 vehicles might have a “manufacturing defect” that could “cause […] ...
Best and worst times to travel during the Fourth of July weekendBest and worst times to travel during the Fourth of July weekend
A record number of Americans are hitting the road during the Independence Day holiday. AAA projected that 72.2 million are traveling at least 50 miles or more from home during the holiday period, which spans from June 28 to July 6. This year’s figures are an increase of 1.7 million compared to last year and […] ...
Treasury Secretary Bessent tiptoes around Trump’s plans for new Fed chairTreasury Secretary Bessent tiptoes around Trump’s plans for new Fed chair
With more and more pressure being added on Federal Reserve Chairman Jerome Powell to leave his post, President Donald Trump’s Treasury secretary revealed what may be next for the soon-to-be-open role. When asked on Thursday whether Powell should resign, Secretary Scott Bessent responded that the administration has been adamant about “trying to get waste, fraud […] ...