By Nathalie Voit Maryland and Georgia temporarily halted their state gas taxes on March 18 in response to surging fuel prices, according to press releases from the governors of both states. On Friday, Gov. Larry Hogan (R-MD) of Maryland signed 'emergency' legislation to immediately suspend the state's gas tax for thirty days, becoming the first [...]
By Nathalie Voit Home price growth outpaced median salaries in 25 of 38 U.S. metro areas last year, according to a new report from Zillow released on March 18. In comparison, just five U.S. cities experienced home value appreciation surpass median income in 2020, the real estate firm said. The massive real estate gains placed homeowners in [...]
By Nathalie Voit Sen. Elizabeth Warren (D-MA), on March 16, introduced antitrust legislation aimed at prohibiting mergers valued over $5 billion and overhauling what it dubs the “broken” federal merger-review system under the FTC and the DOJ, according to a press summary of the bill obtained in her website. The proposed legislation, titled Prohibiting Anticompetitive Mergers Act [...]
By Nathalie Voit Not only is the war in Ukraine expected to dent global oil supply, but automakers worldwide are forecasting massive supply shortages in the semiconductor industry as the conflict in Europe continues to derail production across key sectors. Audi warned on March 17 about upcoming supply challenges in the market for automotive parts, including [...]
By Nathalie Voit U.S. household wealth skyrocketed in 2021 as double-digit stock market returns and newfound crypto wealth pushed the number of new millionaires in the country to over one million, according to a new study from wealth research firm Spectrem Group released on March 17. The number of Americans holding $1 million or more in investible [...]
By Nathalie Voit About two-thirds of Americans (64%) feel the Federal Reserve should do more to combat inflation, according to new survey results from the Nationwide Retirement Institute released on March 10. Most of those who believe the Fed should do more were baby boomers (72%). However, despite the all-around desire for increased action from the Fed, [...]
By Nathalie Voit The International Energy Administration (IEA) warned on March 16 of drastic oil shortages starting in April as the possibility of nearly three million barrels per day (BPD) of Russian oil gets shut down amid ever-increasing sanctions on the Russian Federation by legislators, public companies, and the “self-sanctioning” of buyers alike. “The prospect [...]
By Nathalie Voit Builder sentiment in the market for single-family housing dropped to a six-month low of 79 in March 2022, according to data from the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released on March 16. The preliminary reading for March showed a slight decline from February when the national HMI was downwardly [...]
By Nathalie Voit Consumers with a lease expiring in 2022 could be in for a pleasant surprise when they head to the dealership this year: your leased vehicle could be worth far more than you realize, according to the car shopping experts at Edmunds. The market for used cars and vehicles has exploded over the [...]
By Nathalie Voit Popular ride-hailing apps Uber and Lyft announced their decision to introduce a temporary fuel surcharge for riders amid sky-high gas prices. Uber will implement a new fuel surcharge on March 16 to help drivers and couriers in the U.S. and Canada, the company said in a press release last week, citing high gas prices. [...]
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