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☆ The ‘Poor Souls’ Buried Without Their Fathers
▼ + stars: | 2023-05-29 | by ( Warren Kozak | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's worst and best from Kim Strassel, Kyle Peterson and Dan Henninger. Images: AP/Zuma Press Composite: Mark KellyIf Iraq and Afghanistan were the instant-video wars and Vietnam was the television war, then World War II was the war of the black-and-white photograph. Newspapers and magazines brought stark images from the battlefields into American homes every day. Few were more gut-wrenching than one taken on Okinawa of a father, Col. Francis Fenton , praying over the body of his dead son, Pfc. Mike Fenton .

☆ The Best Credit Cards with No Annual Fee
▼ + stars: | 2023-05-27 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +11 min

To help you pick the right option for your needs, Buy Side from WSJ has identified the five best no annual fee cards. (See all our Best Rewards Credit Card picks.) Best for travelDiscover it® Miles learn more Base rewards rate: 1.5xBonus rewards: NoneSign-up bonus: Unlimited miles match after first 12 monthsAnnual fee: NoneAPR: 17.24% to 28.24%, variableForeign transaction fee: 0%Many of the top travel rewards cards come with an annual fee (see our Best Travel Credit Cards picks for proof). How we pickedTo pick Buy Side from WSJ’s Best No Annual Fee Credit Cards we looked at personal and business cards that were free to swipe and that offered the most generous cash back or points rewards. To find out more about how we chose credit cards—and to meet our panel of experts—you can also check out Buy Side from WSJ’s full best credit cards methodology.

Persons: Kerri Anne Renzulli, you’ll, That’s Organizations: Wells, Cash, Capital, Walmart, Netflix, Hulu, Entertainment, Visa, Mastercard, Chase Ink, Chase, Owners, Best Business, Card, of America, Bank of America Locations: Wells

☆ The Best Credit Cards With No Annual Fee
▼ + stars: | 2023-05-27 | by ( ) www.wsj.com time to read: +11 min

To help you pick the right option for your needs, Buy Side from WSJ has identified the five best no annual fee cards. (See all our Best Rewards Credit Card picks.) Best for travelDiscover it® Miles learn more Base rewards rate: 1.5xBonus rewards: NoneSign-up bonus: Unlimited miles match after first 12 monthsAnnual fee: NoneAPR: 16.74% to 27.74%, variableForeign transaction fee: 0%Many of the top travel rewards cards come with an annual fee (see our Best Travel Credit Cards picks for proof). How we pickedTo pick Buy Side from WSJ’s Best No Annual Fee Credit Cards we looked at personal and business cards that were free to swipe and that offered the most generous cash back or points rewards. To find out more about how we chose credit cards—and to meet our panel of experts—you can also check out Buy Side from WSJ’s full best credit cards methodology.

☆ The biggest home buyers in America are now selling more property than they're buying
▼ + stars: | 2023-05-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Commercial property headwinds aside, today we're looking at the residential housing market, which is undergoing its own shifts, but not exactly in the same direction. Tell someone that the housing market is so unfavorable right now that the biggest home buyers in the country are actually net sellers now. American Homes 4 Rent, for example, bought 312 single-family homes and sold 666 to start the year. Similarly, Invitation Homes, the largest owner of single-family rentals in the US, bought 194 homes and sold 297 in the first quarter of 2o23. Naturally, the housing market has slowed down for everyday Americans, too, given the steep mortgage rates and lack of affordability.

☆ Housing market shifts are driving out some of the biggest home buyers in the country
▼ + stars: | 2023-05-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Institutional investors bought 90% fewer homes in the first two months of 2023 compared to a year ago. High rates and home prices have turned some big buyers into net sellers this year. That trend accelerated from the fourth quarter, when institutional home-buying activity slumped 79% from a year ago, according to Fortune. Among the institutional investors, American Homes 4 Rent was a net seller of homes in the first quarter, buying 312 single-family homes and shedding 666, per Fortune. Similarly, Invitation Homes — the largest owner of single-family rentals in the US — was a net seller in the first quarter.

☆ A Hydropower Renaissance, but Where Are the Giant Dams?
▼ + stars: | 2023-05-02 | by ( Mira Rojanasakul | Max Bearak | ) www.nytimes.com time to read: +10 min

Pumped Storage Hydropower, 1900-2040 Global map showing a concentration of planned pumped storage projects in China. Pumped Storage Existing Planned China’s momentum has allowed it to surpass Europe’s capacity for pumped storage. “Our data show that pumped storage is set to grow much faster than conventional dams,” said Joe Bernardi, who runs Global Energy Monitor’s hydropower tracker. UPPER RESERVOIR GENERATORS + TURBINES LOWER RESERVOIR When electricity demand exceeds supply, water is released to race downhill, spinning giant turbines. UPPER RESERVOIR GENERATORS + TURBINES LOWER RESERVOIR When electricity demand exceeds supply, water is released to race downhill, spinning giant turbines.

☆ Jeremy Grantham warns US house prices will drop, the S&P 500 could plunge 52%, and more banking problems may lie ahead
▼ + stars: | 2023-04-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Jeremy Grantham expects US house prices to slide over the next few years. The GMO cofounder sees the S&P 500 plunging as low as 2,000 points, a 52% drop. "It doesn't happen overnight, but housing casts a very long shadow and economically is more dangerous than the stock market," Grantham said. "I don't expect a crash but I expect house prices to drift back into more affordability," he added. The S&P 500 is likely to plunge between 27% and 52% from its current level of 4,130 points, he told CityWire.

☆ 'I hate him passionately': New court documents reveal Tucker Carlson's true feelings about Donald Trump
▼ + stars: | 2023-03-08 | by ( Natalie Musumeci | Sonam Sheth | ) www.businessinsider.com time to read: +10 min

Fox News host Tucker Carlson's true feelings about former President Donald Trump have been revealed. 'I hate him passionately'In one exchange, Carlson fantasized about not having to cover Trump after the 2020 election, saying that he "passionately" hated Trump. Referring to the decision desk staffers who made the Arizona call, Carlson texted: "Those fuckers are destroying our credibility. At another point in the same day, Carlson texted that "we've got to be incredibly careful right now. Tucker Carlson, who's ardently supported former President Donald Trump on his show, privately said he hated Trump, court filings show.

☆ A big landlord who controls 60,000 homes is funneling money into a political action group that could urge lawmakers to curb renter protections
▼ + stars: | 2023-03-02 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Corporate owners of US rental homes are being scrutinized for making homes unaffordable. The landlords that control thousands of homes are girding for a political fight over regulation. As tenant advocates met with the White House and pushed the Biden administration to take action on high housing costs in November, one of America's largest single-family landlords was preparing its own move. AMH, formerly known as American Homes 4 Rent, did not respond to an Insider request for comment. Companies like AMH, Pretium Partners, and Invitation Homes have been building large portfolios of homes across the country since the last financial crisis.

☆ Boomers Greed Ruined Economy for Gen Z, Millennials
▼ + stars: | 2023-03-01 | by ( Alex Yablon | ) www.businessinsider.com time to read: +14 min

The boomers' economy is brittle, stingy, and built on undersupply. While inflation may be cooling a bit, future prosperity for millennials, Gen Zers, and beyond depends on reversing this economywide bottleneck created by boomers. Boomers shrank the labor force they need nowThe baby boomers ensured the labor market of the generations after them would be inadequate in a few major ways. The boomer ethos on housing, which views homes not as places to live but as financial assets, is mirrored in the rest of the economy boomers made. They make loans, investment, and housing more expensive — putting the economy on a diet instead of growing the pie.

☆ Top Fox News anchor says the company has banned coverage of the Dominion lawsuit that revealed how Tucker Carlson and other Fox stars privately dismissed election conspiracy theories while peddling th
▼ + stars: | 2023-02-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Internal messages show how Fox News anchors privately mocked 2020 election conspiracy theories. Dominion, an elections technology company, filed a defamation lawsuit against Fox News in March 2021, accusing the media company of spreading conspiracy theories that claimed Dominion helped rig the 2020 election results. "It's dangerously insane these conspiracy theories," Fox reporter Lucas Tomlinson said to Bret Baier, host of Special Report. A search through FoxNews.com turns up zero recent stories regarding the Dominion lawsuit. "That is an actual threat to democracy and it points up the core problem which is we're not really very serious about democracy if we're using electronic voting machines," Carlson said.

☆ As Heat Pumps Go Mainstream, a Big Question: Can They Handle Real Cold?
▼ + stars: | 2023-02-22 | by ( Elena Shao | ) www.nytimes.com time to read: +4 min

Line chart that shows annual units of heat pumps and gas furnaces shipped, which is an approximation of sales, from 2002 through 2022. Heat pumps surpassed gas furnaces in annual sales in 2022 by a wider margin than ever before. 4 million units 3 million Gas furnaces 2 million Heat pumps 1 million 2002 2022 Heat pumps outsold gas furnaces in the U.S. last year. But even in cold weather, electric heat pumps are more energy efficient than the gas or oil furnaces that heat many homes. Even in cold weather, electric heat pumps are more energy efficient than the gas or oil furnaces that heat many homes.

☆ Wall Street has purchased hundreds of thousands single-family homes since the Great Recession. Here's what that means for rental prices
▼ + stars: | 2023-02-21 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +3 min

Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, D.C., lawmakers believe that Wall Street needs to back away from the market. Khanna is the lead author of the Stop Wall Street Landlords Act of 2022. "What's outrageous is your tax dollars are helping Wall Street buy up single-family homes," he said in an interview with CNBC. Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent, Invitation Homes have each bought thousands of homes.

☆ Billionaire Grant Cardone says he and other real estate investors will 'save the day' and prevent a home price crash
▼ + stars: | 2023-02-20 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

High home prices and mortgage rates have sparked a downturn in US real estate. Grant Cardone, a billionaire real estate manager, says investors will prevent that from happening. While the housing slump is escalating this year, there's a brighter future ahead, billionaire real estate fund manager Grant Cardone told Benzinga, as published by Yahoo Finance. As the real estate market softens, strategists at Goldman Sachs projected various markets, including Austin and Phoenix, will likely see peak-to-trough home declines of more than 25%. Single family homes may be a new frontier for the billionaire known for authoring books such as How to create wealth investing in real estate.

☆ Dominion sued Fox News for $1.6 billion. Internal documents show the tech company is only worth $80 million at most, Fox says.
▼ + stars: | 2023-02-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Dominion sued Fox News for $1.6 billion, alleging it helped spread election conspiracy theories. "Even under the most optimistic projections," they wrote, Staple Street did not forecast Dominion would be worth "anywhere near $1.6 billion." "At no time did Staple Street so much as hint to its investors, auditors, or anyone else that Dominion could be worth $1.6 billion," they wrote. "Yet, when Dominion decided to file a lawsuit to punish FNN for reporting the President's allegations about Dominion, Dominion chose to claim that Dominion's value was 20 times their highest estimate." The $1.6 billion lawsuit, Fox News argues, will have a chilling effect on media outlets everywhere.

☆ I settled the gas stove debate with a $69.99 induction cooktop from Ikea
▼ + stars: | 2023-02-05 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Well, not at Ikea per se, but on the Ikea website — where I purchased the Tillreda, a single-burner induction cooktop, for $69.99. I got a magnet; if it doesn't stick to a pot, the pot won't work on an induction plate. That meant I couldn't do stuff on the Tillreda like boiling soup and pasta, things that require a long time on an inefficient gas flame. "In cases like that, the heat losses for a gas flame really add up," McGee says. I tried one in a cast-iron pan on the induction plate.

☆ 8 investments to make now as the Federal Reserve risks a recession by going 'way overboard' in raising interest rates, according to 7 top economists and strategists
▼ + stars: | 2023-02-02 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Since March, Rosenberg has warned that by trying to crush inflation, the Fed would inadvertently kill the economy as well. "I think that the odds now are that it's going to be more severe than people think because the Fed has gone way overboard," Rosenberg said of a recession. The contrarian view: With inflation falling, a recession is no guaranteeHowever, not every strategist thinks that a recession is a sure thing. But what I think we can see is the Federal Reserve is overdoing it and eventually, the Fed will have to cut rates." Fittingly, Parker's bets are contingent on his view that the US economy won't suffer from a severe recession.

☆ New weight loss drugs trending with billionaires and celebrities are about to enter more American homes
▼ + stars: | 2023-01-20 | by ( Barbara Collins | ) www.cnbc.com time to read: +8 min

GLP-1s also have been found to help with weight loss as they make individuals who use them feel fuller for a longer period of time. Using GLP-1s drug injections for weight loss has become one of the latest ways some big names in the market are shedding extra pounds. That's why his company has launched a program to offer GLP-1 drugs and corresponding medical care to individuals struggling with obesity or weight loss issues. Pairing personalized coaching with GLP-1s is the key to effective weight loss treatment, Reitano said, and helping patients maximize their results. A new real-time approach to weight managementReitano said it should not be an either/or scenario involving diabetes management of weight loss and that will change over the next decade.

☆ Amazon, Meta and Google buy more clean energy than any other companies
▼ + stars: | 2023-01-18 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +3 min

Technology companies are leading the charge of companies buying wind and solar power. Amazon , Facebook parent company Meta , and Google, owned by parent company Alphabet , are the top three corporate purchasers of wind and solar energy, according to a report published Wednesday from the American Clean Power Association, an industry group. Amazon had contracted 12.4 gigawatts of clean wind and solar energy in the United States through September 2022, while Meta had contracted 8.7 gigawatts and Google had contracted 6.2 gigawatts, according to the report. These procurement totals are since the first time these companies have announced they were buying wind and solar power last decade. The technology sector is certainly outpacing other industries in buying clean power, but it's been increasing across all industries.

An official with the U.S. Consumer Product Safety Commission is proposing a ban on gas stoves, calling them a "hidden hazard." "Agency staff plans to start gathering data and perspectives from the public on potential hazards associated with gas stoves, and proposed solutions to those hazards later this year," the statement said. An estimated 40 million American homes still rely on gas stoves. "We ask the CPSC to explicitly evaluate the disparate health outcomes that occur from the coupling of gas stoves with the material realities to which the most vulnerable Americans are subjected, as well as evaluate the health impacts of gas leaks due to gas stoves connections," they wrote. “A ban on gas cooking appliances would remove an affordable and preferred technology used in more than 40% of homes across the country," it said.

☆ Fact Check-No evidence Scott Perry made statement in digitally altered image
▼ + stars: | 2022-12-30 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

A fake television graphic circulating on social media contains a statement that Pennsylvania Rep. Scott Perry denies ever having made. The template for the viral image may have come from a June 23 report on WGAL about Perry (here). A side-by-side comparison of the June graphic from WGAL (top) and the viral image shared on social media (bottom) can be seen (imgur.com/a/t7bob2b). The font of the alleged quote shared online is similar, but not identical, to the font in the June WGAL graphic. Read more about our work to fact-check social media posts here .

☆ The share of American homes bought with all cash reached the highest level in 8 years as people wary of high mortgage rates and a looming recession turned to hard real-estate assets instead
▼ + stars: | 2022-12-26 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

Higher mortgage rates push people to pay all cash for homes to save on interest, Redfin said. Rising interest rates and persistent inflation increased fears of a recession in 2023. Cleveland saw its share of all-cash offers grow from 32% last year to 42% in October, while Philadelphia's grew from 29% to 37%. Selma Hepp, the interim chief economist at CoreLogic, told Insider in November that mortgage rates could go as low as 5.5% by the end of next year. "For homebuyers, it's good to be aware that you can avoid paying high interest rates by paying in cash," Fairweather said.

☆ Wall Street landlords who've stockpiled $110 billion are lying in wait for their biggest American home-buying spree yet
▼ + stars: | 2022-12-22 | by ( James Rodriguez | Daniel Geiger | ) www.businessinsider.com time to read: +11 min

Institutional investors have earmarked as much as $110 billion to buy or build single-family homes. Institutional investors now own about 3% of the roughly 20 million single-family-rental homes in the US, according to Roofstock, an online marketplace for single-family investment properties. That would be nearly 9% of the roughly 88 million single-family homes in the US, according to the Census Bureau's most recent statistics from 2020. Better deals expected in the years aheadThere are signs the institutional investors won't have to wait long to begin buying. That leaves between roughly $70 billion and $80 billion that could still flow into the sector.

U.S. scientists have achieved “ignition” — a fusion reaction that produced more energy than it took to create — a critical milestone for nuclear fusion and a step forward in the pursuit of a nearly limitless source of clean energy, Energy Department officials said Tuesday. The process imploded a tiny capsule inside the hohlraum that is filled with deuterium and tritium, creating a fusion reaction. Lawrence Livermore National Laboratory"We have taken the first tentative steps toward a clean energy source," said Jill Hruby, the Energy Department's National Nuclear Security Administration. The Inflation Reduction Act provided millions in new funding for fusion projects and the White House this year convened the first fusion summit and developed a 10-year plan to commercialize fusion technology. A technician reviews an optic inside the preamplifier support structure at the Lawrence Livermore National Laboratory in Livermore, Calif., in 2012.

☆ This real estate name could gain 19% as demand grows for single-family home rentals, Goldman Sachs says
▼ + stars: | 2022-12-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Real-estate investment trust American Homes 4 Rent is well-positioned as single-family home rentals become more in demand, according to Goldman Sachs. These factors all help single-family rentals, Luthra said, as more people get pushed away from buying but still need housing. Though rental prices are coming off pandemic highs, Luthra said American Homes 4 Rent should be able to keep them above pre-pandemic levels. American Homes 4 Rent has increased its number of new homes, moving from around 600 in 2018 to nearly 2,150 in 2022. Comparatively, Luthra said she sees a clearer growth story in American Homes 4 Rent than competitors such as Invitation Homes and Tricon Residential despite both also benefiting from the focus on single-family home rentals.

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