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☆ Reversing a Trump-era decline, more people are now coming to the US — and fewer are leaving
▼ + stars: | 2022-12-22 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Net international migration to the US is projected to increase for the first time since 2016. Net international migration refers to the number of new immigrants minus those who have left. "This is the first time net international migration increased since 2016, marking the largest single-year increase since 2010," according to the bureau. Net international migration is calculated by counting the number of new immigrants coming to the US and subtracting the number of people who have left the country. The increase in net international migration comes despite a Trump-era border measure known as Title 42 remaining in effect.

☆ The supply chain crisis is coming to an end — but 2 looming threats could reignite the chaos
▼ + stars: | 2022-12-20 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Holiday shopping went well, so you might assume supply chains are fixed. At a quick glance, supply chains have healed and shopping seems back to normal. Supply chains are running much more smoothly than they have in more than two years right now. A major indicator that supply chains have been off balance is the inventory-to-sales ratio, which is tracked by the US Census Bureau. A return to seasonal rushes and lulls, without massive, global disruptions, will be the sign that supply chains are "back to normal."

☆ The CEO of one of America's biggest homebuilders said we're already in a 'housing recession,' and there are two other key signs that the real-estate market is still cooling
▼ + stars: | 2022-12-20 | by ( Robert Davis | ) www.businessinsider.com time to read: +3 min

Sheryl Palmer, CEO of Taylor Morrison, says the US is already in a housing recession. Some economists still aren't buying into the housing recession narrative. In 2023, Palmer said homebuyers should expect overall inventory volumes to drop as buyers scoop-up existing homes. Palmer's comments come on the heels of other business heads who expect the US housing market to have a tough year in 2023. But not everyone agrees that the US housing market is in a recession, or that it will face one in 2023.

☆ New home building retreated in November
▼ + stars: | 2022-12-20 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

Washington CNN —Home building pulled back in November, as buyers faced spiking mortgage rates topping 7% that make homes increasingly unaffordable. Housing starts bounced back a bit in August while mortgage rates briefly retreated. But since that time, mortgage rates have been on the rise, hitting a 20-year high in October. One number that beat estimates was housing starts, he said, but those were weighted to apartments, not single-family homes. “Potential homebuyers should see some relief next year in the form of lower mortgage rates and possibly lower home prices,” said Frick.

☆ Housing slump to continue but some hopeful signs ahead
▼ + stars: | 2022-12-18 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

While that’s already had a negative impact on the housing market, we’ll get more details this week about how much worse the damage has become. A long list of housing data is on tap. On Tuesday the US Census Bureau will report housing starts and building permits figures for November, followed by Friday’s release of new home sales data for the same month. Housing market was frothy, but not a bubbleOthers in the industry are cautiously optimistic as well. That all amounts to a few good reasons why the housing market could avoid a severe and prolonged slump.

☆ Young adults living with their parents to save money are also spending — and all of it comes at a cost
▼ + stars: | 2022-12-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Nearly half of young adults in the US live at home with their parents, according to US Census Bureau. One small business owner says she's able to travel more although her parents often ask how she's affording it all. According to the data, however, the money young people are saving on basic necessities isn't just going toward an eventual move-out; some spend on luxury items and travel. Many agree that there are cons to being under the same roof as your parents, despite the high number of young people living at home. She noted that being a young mom motivates her to spend less frivolously and put money away for the day she can move out.

☆ A financial coach shares 9 ways to earn $8,000 a month in passive income to prepare for a recession, inflation, or layoffs
▼ + stars: | 2022-12-15 | by ( Alexandra York | Junior Entrepreneurship Reporter | Read More | ) www.businessinsider.com time to read: +7 min

Andrea outlines 9 of the easiest ways to earn passive income, including resale and blogging. She took her experience building passive income streams and teaching herself the fundamentals of financial literacy to launch the financial-advice blog The Financial Cookbook in February 2021. Julia CheskyAndrea said companies typically contact her about brand partnerships, but she encourages other entrepreneurs to be more proactive when looking for passive income avenues. She recommends selling old clothes, coupons received in the mail, or finds from garage sales or local stores. Nicholas Waskosky, a Poshmark seller, earns five figures a year selling old or upcycled clothes on the platform.

☆ Mortgage demand rises after nearly a month of declines as buyers respond to pullback in rates
▼ + stars: | 2022-12-14 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The average 30-year fixed-rate for mortgages was at 6.42%, near its lowest in a month. Mortage rates have climbed this year with the Federal Reserve raising interest rates at an aggressive pace to combat high inflation. The survey showed the 30-year fixed rate at 6.42%, slightly higher than a week ago but close to the lowest in a month. "The ongoing moderation in home-price growth, along with further declines in mortgage rates, may encourage more buyers to return to the market in the coming months," Joel Kan, deputy chief economist at MBA said. The closely watched S&P CoreLogic Case Shiller track of housing prices showed growth in prices for single-family homes fell by 0.8% month over month in September.

☆ Nearly half of young adults in the US are living at home with their parents, and all that saved rent is fueling a luxury boom
▼ + stars: | 2022-12-14 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Nearly half of young adults are living at home in the US — a historical high not seen since the Great Depression, per the US Census Bureau. They are helping fuel a luxury boom, Morgan Stanley analysts say. That's a historical high not seen since the Great Depression era, Morgan Stanley analysts wrote in a Friday note. The analysts estimate that around 48% of young adults are living with parents in 2022, similar to levels seen in the 1940s. The levels of young adults living at home peaked at 49.5% around 2020, coinciding with the outbreak of the COVID-19 pandemic.

☆ Women working in real estate as brokers, property managers, and clerks make more money than their male colleagues in these US cities — and they're not the places you'd expect
▼ + stars: | 2022-12-06 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +2 min

Women made up about half of the US real-estate workforce but generally earned less than men in 2021. An analysis found that in some cities, women made up most of the workforce and earned over $50,000. Cities including Toledo, Ohio, and Orlando, Florida, are the top places for women in real estate to work. But the analysis also found several places where women outperformed men in number of employees and in pay. In several metropolitan areas, women made up a bigger share of the real-estate workforce and made more money than their male counterparts.

☆ Fashion brands can't keep up with the latest trends because of supply-chain chaos — and it's one more reason everything's on sale
▼ + stars: | 2022-12-02 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

Victoria's Secret execs said supply-chain woes meant it couldn't chase trends, adding to the pileup. Brands like Nike, Kohl's, and Ralph Lauren were laser-focused on shaving days and even weeks out of their lead times to be more responsive to consumer preferences. In 2017, Nike was trying to get 60-day lead times down to 10 days. Brands can't chase trends successfully if they lack any semblance of certainty on when goods will arrive — the pandemic certainly stripped that away. Victoria's Secret's chief financial officer, Tim Johnson, said on a Thursday earnings call that the company should regain the supply-chain confidence to chase trends next year.

When my husband unexpectedly became a stay-at-home dad, our family thrived. Once I became used to having a stay-at-home spouse, I realized how deeply the patriarchy penetrated. For three years, my husband was a stay-at-home dad. My husband didn't choose to be a stay-at-home dad; it merely happened through circumstance. My husband's position is seasonal, so come spring, I will again have a stay-at-home partner, at least for a few months.

☆ Mortgage rates fall for the second week in a row
▼ + stars: | 2022-11-23 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. Mortgage rates have risen throughout most of 2022, spurred by the Federal Reserve’s unprecedented campaign of hiking interest rates in order to tame soaring inflation. But last week, rates tumbled amid reports that indicated inflation may have finally reached its peak. The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. As a result of the drop in mortgage rates, both purchase and refinance applications picked up slightly last week.

☆ Billionaires like Elon Musk want to save civilization by having tons of genetically superior kids. Inside the movement to take 'control of human evolution.'
▼ + stars: | 2022-11-17 | by ( Julia Black | ) www.businessinsider.com time to read: +40 min

"We are the Underground Railroad of 'Gattaca' babies and people who want to do genetic stuff with their kids," Malcolm told me. Ellison, meanwhile, who has two children in their 30s, has reportedly resumed having kids — with his 31-year-old girlfriend. "The person of this subculture really sees the pathway to immortality as being through having children," Simone said. The person of this subculture really sees the pathway to immortality as being through having children. Before she met Malcolm, Simone was convinced she wanted to live her life single and child-free.

☆ Sen. Tommy Tuberville says he's 'not apologizing' for controversial 'reparation' comments, says 'only racists talk about racism'
▼ + stars: | 2022-11-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Tommy Tuberville made remarks about "reparation" at a Trump rally that were widely condemned as racist. But he insists that he wasn't talking about reparations for slavery, and was instead talking about crime. "A lot of my best friends are, you know, black, red — it doesn't make a difference," he told Insider. You know, a lot of my best friends are, you know, black, red — it doesn't make a difference." "I'm not apologizing for something I didn't talk about, you know, they can think reparation means just something, but reparation to me is a payback for something they think their owed."

☆ Premarket stocks: Get ready for a spending slowdown this holiday season
▼ + stars: | 2022-11-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Retail sales surged by 1.3% in October. What’s happening: Wednesday’s headline retail sales numbers, reported by the US Census Bureau, came in strong, but the momentum is unlikely to continue. These cracks in retail are starting to show just as the sector enters its most critical sales period: The holiday shopping season. The bottom line: This holiday season will likely be a mixed bag with some winners and losers in the retail sector, said Saunders. “We do have to do some tax rises, do some spending cuts, if we’re going to show we’re a country that pays our way,” he told Sky News on Sunday.

☆ A social-media coach booking 6 figures in annual revenue shares 5 ways entrepreneurs can organically grow their followiners and increase income
▼ + stars: | 2022-11-11 | by ( Alexandra York | ) www.businessinsider.com time to read: +7 min

Entrepreneurs should focus on sharing a media mix including static, carousel, and video content. When the firm went under, Brulhart sought a new job that combined her passions for social media, public relations, and global growth. Her company offers services like one-on-one coaching calls and courses that help small-business owners grow their social-media followings organically, without using any paid advertisements. As social media continues to be a lucrative business opportunity, Brulhart has no shortage of clients looking to build their profiles. Small-business owners that lack large budgets for marketing can still emerge successful by focusing on engaging social media campaigns, Brulhart added.

☆ Cobb County, a longtime GOP stronghold, will be critical for Democratic Sen. Raphael Warnock in Georgia's December runoff
▼ + stars: | 2022-11-09 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Cobb County, a one-time GOP stronghold, is now critical for Democrats running statewide in Georgia. Warnock's strong suburban support will be key as he again faces Walker in a Dec. 6 runoff election. With over 95% of county precincts reporting in the Senate race, Warnock was leading Walker by nearly 17 points (57%-40.5%) in Cobb County. The current raw vote total is 175,387 votes for Warnock to 125,324 votes for Walker, an advantage of over 50,000 votes in this jurisdiction for the incumbent. Which begs the question: why has Cobb County become such a bellwether for statewide Democrats?

☆ In DeSantis' small Florida hometown, voters see 'scumbag' or 'hometown hero' as they head to the polls
▼ + stars: | 2022-11-08 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +9 min

DeSantis is up for reelection Tuesday, and could seek the White House in 2024.Insider interviewed voters from his small hometown of Dunedin, Florida. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyDUNEDIN, Florida — Florida Gov. Dunedin, Florida, has an arch in the center of town that reads, "Defending Freedom." "Ron DeSantis is a scumbag," Laura, who declined to share her last name, told Insider after exiting a polling station. Polls in Florida will close at 7 p.m., so it's not yet clear whether DeSantis will win over his hometown.

☆ Democrat Val Hoyle faces off against Republican Alek Skarlatos in Oregon's 4th Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Democrat Val Hoyle is running against Republican Alek Skarlatos in Oregon's 4th Congressional District. Democrat Val Hoyle faces off against Republican Alek Skarlatos in Oregon's 4th Congressional District. Oregon's 4th Congressional District candidatesWith DeFazio vacating his seat, Oregon's 4th Congressional District will see a new face for the first time in nearly four decades. But DeFazio won by only 5 percentage points, the narrowest victory of his congressional congressional career. Voting history for Oregon's 4th Congressional DistrictOregon's 4th Congressional District covers a sprawling rural swath of the southwest corner of the state and includes the college towns of Eugene and Corvallis.

☆ Housing Outlook: Low Supply Is Making Home Prices Unaffordable
▼ + stars: | 2022-11-03 | by ( Alcynna Lloyd | Phil Rosen | ) www.businessinsider.com time to read: +5 min

Mortgage rates have climbed above 7% for the first time since 2001, but that's only half the story of the affordability crisis. The deeper issue is that there aren't enough homes to fulfill every would-be buyer's dream, which means people are competing with their wallets and driving prices higher and higher. Mortgage rates are above 7% for the first time in over two decades for the most popular type of mortgage, and are only expected to keep rising. So far in 2022, US housing construction has fallen in four out of nine months. It's a decision that Dietz said could result in housing supply dwindling further.

☆ Many Americans are ditching their dreams of owning a house as recession fears flare, says the CEO of one of the nation's largest homebuilders
▼ + stars: | 2022-10-29 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

Not only is this a 23.2% decline from the rate a year ago — it also marks the slowest rate of sales since September 2012. So far in 2022, US housing construction has fallen in four out of nine months. It's a scenario that Orphe Divounguy, a senior economist at Zillow, said will not only impact home builders, but the overall housing market. "What is surprising is that rising rates normally push out potential homebuyers, but they have also pushed out potential sellers," Divounguy told Insider. With less housing inventory being introduced to the market, home prices are likely to remain high.

☆ Premarket stocks: Big Tech can't save your investments
▼ + stars: | 2022-10-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

But disappointing earnings from Big Tech stocks have the tendency to turn the broader market south thanks to their immense market value. Beyond determining market sentiment, tech earnings also offer important clues about where the economy is heading. In particular, sales growth in the cloud business – one of the company’s biggest bright spots in recent years – was lower than analysts had hoped. Its fiscal second-quarter forecast came in short of Wall Street estimates, sending shares down 8% on Wednesday. A slowing economy, geopolitical chaos and heightened inflation have all worked to dry up the number of IPOs and mergers and acquisitions made on Wall Street.

☆ It's not just you: Americans everywhere are waiting longer to see a doctor
▼ + stars: | 2022-10-24 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

The average doctor's appointment wait time in 2022 was 26 days, 24% higher than it was in 2004. In 2022, the average appointment wait time in the 15 cities is 26 days, up from 24.1 days in 2017. The specialty with the highest average appointment wait time is dermatology, which has an average wait time of 34.5 days. San Diego had the highest average wait time of 55 days to see an orthopedic surgeon, while Washington, DC, had an average appointment wait time of 5 days. Longer wait times ahead?

☆ This HR tech startup raised a $3 million seed round from Google and Y Combinator without a pitch deck. Here's how.
▼ + stars: | 2022-10-24 | by ( Jacob E. Robbins | ) www.businessinsider.com time to read: +2 min

HR tech startup Pastio just raised a $3.25 million seed round without a pitch deck. Pasito, an HR tech startup, just raised $3.25 million in seed funding on Monday led by Google and Y Combinator — and it did so without a pitch deck. That generated lots of interest from investors, and helped it stand out in a hot HR tech market, Roteta told Insider. The HR tech firm pulls data from across internal records and the US census to pair workers with health insurance and retirement plans. But Pasito enters a hot market for HR tech.

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