My parents want to pay off my mortgage, and move into my rental. Is this risky?
Recently, my parents sold their condo to fulfill their long-standing desire to live in my downtown condo, offering them greater convenience for shopping, socializing with friends, and fostering a stronger connection to the community. My parents propose to use the proceeds from their condo sale to pay off my mortgage, an amount that precisely matches […]
Citigroup (C) earnings 4Q 2023
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking […]
Astrobotic’s Peregrine moon mission for NASA falls short
Astrobotic’s Peregrine lunar lander is seen during preparations for launch near NASA’s Kennedy Space Center in Florida. United Launch Alliance Pittsburgh-based Astrobotic’s inaugural lunar mission suffered a malfunction shortly after launch, and the company is calling off the landing attempt. It would have been the first U.S. moon landing in more than 50 years. Astrobotic […]
Tesla reportedly cuts prices of two models in a tough China market where BYD rules
Tesla Inc. has reportedly reduced prices on two models in China, where it faces stiff competition from rivals such as BYD and is grappling with a continued difficult economic backdrop. Tesla TSLA, -2.87% cut starting prices on its Model 3 sedan by 5.9% and its Model Y sport-utility vehicle to 2.8%, according to reports Friday […]
Home prices surge, Detroit gains beat Miami
A “For Sale” sign hangs outside a home on the west side of Detroit, Michigan. Fabrizio Costantini | Bloomberg | Getty Images Home prices are rising faster and faster each month, fueled by a decline in mortgage rates. On a national level, home prices jumped 5.2% in November compared to the same month a year […]
Future FinTech stock drops 17% after SEC charges CEO
Shares of Future FinTech Group FTFT, -3.07% fell after the Securities and Exchange Commission charged Shanchun Huang with allegedly inflating the company’s share price just before he took over as chief executive. The stock slipped 17% to $1.07 in after-hours trading Thursday. Shares are down over 48% over the past 12 months. The SEC alleged […]
New York and California make retail theft top 2024 priority
The governors of New York and California announced sweeping plans to crack down on retail crime this week, as trade associations and police departments lobby for government action to curb theft. The plans include new legislation designed to increase the penalties for retail crime offenses and more funding for police departments and district attorney’s offices […]
SEC Twitter hack: Here’s how to protect your own account on X
Recent hacks of high-profile accounts on X, formerly Twitter, are putting a spotlight on the social-media platform’s security — and serving as a reminder that every user should take steps to protect their own accounts. The Securities and Exchange Commission and even cybersecurity firm Mandiant have recently seen their X accounts compromised. On Tuesday, the SEC’s account […]
CVS to close ‘select’ pharmacies in Target stores in the coming months
A person walks by a CVS pharmacy store in Manhattan, New York, U.S., November 15, 2021. Andrew Kelly | Reuters CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the U.S. struggle to boost profits. The closures will begin in February […]
Fed’s Mester says March is probably too early for rate cut
Cleveland Fed President Loretta Mester on Thursday threw cold water on market expectations of an interest rate cut as soon as March. Asked in an interview on Bloomberg television about market expectations for a move in March. Mester replied: “I mean it’s hard to predict the future, as you know, and it’s really going to […]
