By Natalie DeCoste The cost of lumber is still on the rise, and now the increased price tag is affecting the development of new apartments. During the past few months, the cost of lumber has primarily impacted the housing market. During April, U.S. home construction fell by 9.5%, according to U.S. Census Bureau data. New [...]
By Natalie DeCoste The high-profile antitrust battle between Epic Games and Apple over Apple's App Store policies has drawn to a close as both sides gave closing arguments on Monday. In August of 2020, Epic sued Apple and accused the tech giant of engaging in monopolistic behaviors when Apple pulled Epic's game Fortnite from its [...]
By Natalie DeCoste Consumers in the market for a new home continue to face new record highs for home prices, deterring some buyers and cooling off the market. According to a National Association of Realtors report, the median sale price for a home was a record $341,600 in April. This is the highest recorded median [...]
By Natalie DeCoste The historic rise of popular cryptocurrency Bitcoin has hit a snag as investors' concerns over the currency have grown. As of May 18, Bitcoin's price fell 30%, dropping to as low as $30,201.96. This is the weakest the cryptocurrency has been since January of 2021. Prices did rebound, currently sitting at roughly $38,000. The volatility [...]
By Natalie DeCoste Fidelity Investments plans to usher in a new and much younger generation of investors with the launch of specialty youth accounts. The investment giant announced that it will issue debit cards and offer investing and savings accounts to 13- to 17-year-olds whose parents or guardians also invest with the firm. The new service is [...]
Three years after it made major moves in Hollywood by acquiring WarnerMedia, AT&T is making headlines again by merging its media assets with Discovery’s. AT&T and Discovery announced that they had reached a deal to create a new, publicly-traded media company. This move will unwind AT&T and WarnerMedia’s relationship after only three years together. The [...]
By Natalie DeCoste America’s fiscal and monetary policy is dangerously close to leading this country down a road of negative economic effects by over-stimulating the economy. Data from the U.S. Bureau of Economic Analysis shows that the prices for many consumer goods are on the uptick when it comes to the personal consumption expenditure price index (PCEPI). [...]
By Natalie DeCoste The second week of the antitrust battle between Apple and Fortnite game creator Epic has come to a close, bringing more insights into the world of big tech. Epic Games sued Apple in August of 2020, accusing the tech giant of engaging in monopolistic behaviors when Apple pulled Epic's game Fortnite from [...]
By Natalie DeCoste Some of the biggest banks in the U.S. are planning to start sharing data on customers’ deposit accounts to loosen consumer lending standards, making it easier for people with no credit score to secure loans. Institutions such as JP Morgan, Wells Fargo, and U.S. Bancorp are some of the ten banks participating in the program. [...]
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