DIRS.INFO The most relevant business & tech news

☆ A couple who achieved financial independence and retired in their 30s shares their $280,000 a year budget raising 2 kids in San Francisco
▼ + stars: | 2024-06-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

AdvertisementHow a FIRE family budgetsIn 2012, Dogen reached financial independence after 13 years in banking, predominantly in San Francisco. His wife retired in 2015 at 35 and worked part-time until they had their first kid. Other family expenses include $7,800 for three family vacations, $6,000 for entertainment, including sporting events and social functions, and $4,200 for baby items. He also said he feels safer as an Asian American in San Francisco than in many other parts of the country. He's itching to "fill that void" with part-time consulting work in the tech or startup industry, hoping to get more involved with AI companies in San Francisco.

Persons: —, Sam Dogen, haven't, Dogen, Uber, should've, they're, I'm, he's, it's, Dogen didn't, didn't, you've, I've Organizations: Service, Business, FIRE, Bay Area, Uber Locations: San Francisco, American, Memphis, Houston, Bay

☆ 7 cities that pay people to move there, including one that offers up to $10,000 in cash to new residents
▼ + stars: | 2024-06-14 | by ( Jordan Pandy | Allie Kelly | ) www.businessinsider.com time to read: +1 min

Some US cities offer cash incentives to attract new residents, who are often remote workers. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMany Americans are leaving larger cities and states, especially on the coasts, for smaller spots across the US. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business Locations: Midwest, California

☆ Pending home sales in April slump to the lowest level since the start of the pandemic
▼ + stars: | 2024-05-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. These so-called pending sales are a forward-looking indicator of closed sales one-to-two months later. Pending sales were 7.4% lower than in April of last year. Because the count is based on signed contracts, it shows how buyers are reacting to mortgage rates in real time. With home prices still climbing and supply very low, leading to increased competition, that jump in rates had a huge effect on sales.

Persons: Justin Sullivan, Lawrence Yun, Yun, Hannah Jones Organizations: National Association of Realtors, Mortgage News, NAR, West, Realtor.com Locations: CALIFORNIA, San Anselmo , California, Midwest, Redfin

☆ How Red Lobster choked on its own Endless Shrimp deal
▼ + stars: | 2024-05-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

First, Red Lobster got screwed by private equity. Back in 2014, the Darden restaurant group spun off Red Lobster to a private equity firm. Thai Union, under Kenny’s direction, elbowed out other shrimp suppliers, “leaving Thai Union with an exclusive deal that led to higher costs to Red Lobster,” according to the filing. And if you’re the exclusive provider of shrimp to America’s biggest seafood chain, what’d be better than making that limited-time all-you-can-eat shrimp deal a permanent menu item? The all-you-can-eat shrimp deal alone didn’t doom Red Lobster, but boy did it do some damage at a time when the chain was already buckling.

Persons: Nathaniel Meyersohn, ”, Management wasn’t, Jonathan Tibus, Tibus, Paul Kenny, Kenny Organizations: New, New York CNN, Darden, Management, Thai Union, CNN Locations: New York, foundering, Bangkok, Thai

☆ At Last, Detroit Sees Population Grow, New Estimates Show
▼ + stars: | 2024-05-16 | by ( Julie Bosman | ) www.nytimes.com time to read: +1 min

After decades of painful decline, Detroit’s population grew in 2023, according to new estimates released on Thursday by the Census Bureau. The increase — to 633,218 from 631,366 residents — was slight, lifting Detroit to slightly below levels of 2021. City leaders have long promised to reverse Detroit’s long decline in residents brought on by the shrinking of the auto industry, flight to the suburbs and municipal bankruptcy. The new census estimates showed similar, moderate population rebounds for many big cities in the Midwest and Northeast after previous pandemic-era declines. In the Midwest, cities of that size grew 0.1 percent in 2023 after declining an average of 0.2 percent the year before.

Persons: — Organizations: Census, Detroit Locations: Midwest

Blum turned to programs mostly in states where abortion access — and, by extension, abortion training — is likely to remain protected, like California, Colorado, and New Mexico. The AAMC analysis found the number of applicants to OB-GYN residency programs in abortion ban states dropped by 6.7%, compared with a 0.4% increase in states where abortion remains legal. For internal medicine, the drop observed in abortion ban states was over five times as much as in states where abortion is legal. The AAMC analysis notes that even in states with abortion bans, residency programs are filling their positions — mostly because there are more graduating medical students in the U.S. and abroad than there are residency slots. Stulberg and others worry that this self-selection away from states with abortion restrictions will exacerbate the shortages of physicians in rural and underserved areas.

Persons: — Isabella Rosario Blum, Blum, —, “, ”, Atul Grover, ” Jack Resneck Jr, Wade, Resneck, Beverly Gray, Gray, Duke, Rohini Kousalya Siva, Kousalya Siva, “ We’re, Debra Stulberg, Stulberg, Hannah Light, Olson, Dr, Sanjay Gupta Organizations: Health, —, Association of American Medical Colleges, KFF Health, OB, Research, Action Institute, American Medical Association, Duke University School of Medicine, MedStar Washington Hospital Center, Washington , D.C, D.C, American Medical Student Association, Department of Family Medicine, University of Chicago, University of California, CNN, CNN Health, Residents, KFF Locations: Arizona, California , Colorado, New Mexico . Arizona, Seattle, Midwest, U.S, North Carolina, Washington ,, Maryland , New Hampshire , New York, Washington, Virginia, Tennessee, San Francisco, California, New York

☆ Biden Will Raise Tariffs on Chinese Electric Vehicles, Chips and Other Goods
▼ + stars: | 2024-05-14 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

President Biden will announce on Tuesday that he is raising tariffs on an array of Chinese imports, including electric vehicles, solar cells, semiconductors and advanced batteries, in what he calls an effort to protect strategic American industries from a new wave of competitors that are unfairly subsidized by Beijing. The president will also officially endorse maintaining tariffs on more than $300 billion worth of Chinese goods that were put in place by President Donald J. Trump. Mr. Biden criticized those tariffs as taxes on American consumers during his 2020 run for the White House. Mr. Biden’s moves are the latest trade-war escalation from a president who initially pledged to repeal at least some of the Trump tariffs but now refuses to cede any ground to his rival in a tough-on-China appeal to swing voters in the industrial Midwest and beyond. They also reflect Mr. Biden’s efforts to build on Mr. Trump’s consensus-defying trade confrontation with China while focusing it on sectors of strategic importance to the United States, like clean energy and semiconductors.

Persons: Biden, Donald J, Trump, Biden’s Organizations: White Locations: Beijing, China, United States

☆ The Home Insurance Crunch: See What’s Happening in Your State
▼ + stars: | 2024-05-13 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +4 min

The Home Insurance Crunch: See What’s Happening in Your StateAs climate change makes disasters more frequent and severe, the insurance industry is in tumult. Even in the Northeast, where homeowners insurance was still generally profitable last year, trends are worsening. In the state of Profitability of homeowners insurance in Iowa Source: AM Best Ratio of revenue to costs for homeowners insurance statewide. To measure the financial health of the homeowners insurance industry, The New York Times assembled data that compares revenues with costs for insurers in each state. The data show that homeowners insurance was unprofitable in 18 states last year, up from eight in 2013.

☆ Smoke-Filled Skies Leave Midwest Fearing Another Season of Polluted Air
▼ + stars: | 2024-05-13 | by ( Ernesto Londoño | ) www.nytimes.com time to read: +1 min

A cloud of smoke from Canadian wildfires suddenly blanketed Minnesota on Sunday evening, marring what had otherwise been a sun-drenched weekend and leaving some residents wondering whether the misery of last summer was starting all over again. A thick haze of smoke had repeatedly hung over cities in the Midwest and on the East Coast throughout the summer last year, leaving some communities breathing air so polluted that schools were closed and sporting events canceled. For now, experts say that a similar pattern has indeed appeared to have emerged. “We’re expecting a pretty active wildfire season in Canada,” said David Brown, an air quality meteorologist at the Minnesota Pollution Control Agency. For now, he added, people on the East Coast appear unlikely to endure the kind of periods of highly polluted air that startled many people last year.

Persons: “ We’re, ”, David Brown, Mr, Brown Organizations: Minnesota Pollution Control Agency Locations: Minnesota, East, Canada, Quebec, Ontario

☆ Missed the dazzling northern lights show? You might get another chance Saturday night
▼ + stars: | 2024-05-11 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +6 min

Carlos Avila Gonzalez/San Francisco Chronicle/Getty Images The northern lights shine in the night sky above the Molenviergang in Aarlanderveen, the Netherlands, early May 11. Alexey Malgavko/Reuters The northern lights are seen in a rural area west of Fort Lauderdale, Florida, on Friday, May 10. Courtesy Luke Culver People photograph the northern lights from Whitley Bay, England, on May 10. Courtesy Jan Reed The northern lights glow in the night sky in Brandenburg, Germany, on May 10. Increased solar activity causes auroras that dance around Earth’s poles, known as the northern lights, or aurora borealis, and southern lights, or aurora australis.

Persons: Chad Myers, it’ll, Alastair Johnstone, Andrew Chin, Sanka Vidanagama, Carlos Avila Gonzalez, Josh Walet, Robert Nemeti, Jean, Christophe Bott, Max Slovencik, Alexey Malgavko, Luke Culver, Ian Forsyth, Robert F, Geoff Robins, Rich, Jan Reed, Patrick Pleul, Jenny Kane, Adam Vaughan, Jacob Anderson, Peter Byrne, Biden, it’s, Dr, Hakeem Oluseyi, Bill Nye, Guy, ”, “ Organizations: CNN, National Oceanic, Prediction, Midwest, Getty, San Francisco Chronicle, Keystone, AFP, Luke Culver People, Rockies, National Weather Service Locations: Alabama, Ohio, Pacific Northwest, North America, Gulf, ”, Sheffield, England, Manning, British Columbia, Christchurch , New Zealand, AFP, Berryessa , California, Aarlanderveen, Netherlands, Debrad, Slovakia, Anadolu, Le, Dessous, Switzerland, Vienna, Siberian, Tara, Russia's Omsk, Fort Lauderdale , Florida, Whitley Bay, Brunswick , Maine, London , Ontario, Ontario, Tennessee, Washington, Memphis , Tennessee, Rich Hill , Missouri, Brandenburg, Germany, Estacada , Oregon, Cumming , Georgia, Crosby , England, Edinburgh, Scotland, Crosby Beach, Liverpool, Texas, Coast, Sweden, South Africa, United States

☆ The New York Times News Quiz, May 10, 2024
▼ + stars: | 2024-05-10 | by ( ) www.nytimes.com time to read: 1 min

This year, two adjacent broods of cicadas — Brood XIX and Brood XIII — will emerge from the soil all at once across the Midwest and Southeast U.S. When was the last time there was a dual emergence of the two groups?

Persons: XIII Locations: Midwest, Southeast U.S

At least one person was killed on Wednesday as strong storms moved through Missouri, Illinois, Kentucky and Tennessee on Wednesday afternoon, bringing heavy rain, strong winds and hail in some areas. The severe weather arrived a day after widespread storms pummeled the Midwest, with tornadoes that tore through Michigan. As storms continued to move through a swath of the Midwest and the Eastern United States on Wednesday afternoon, the National Weather Service issued a string of tornado warnings in cities across Missouri, Kentucky and Tennessee. More severe storms were expected through the evening, according to forecasters. About 18 million people were under either an enhanced or moderate risk of severe weather — the third and fourth levels of intensity, out of five — on Wednesday, according to the National Weather Service’s Storm Prediction Center.

Organizations: Midwest, Eastern, National Weather Service, Prediction Locations: Missouri , Illinois, Kentucky, Tennessee, Michigan, Claiborne County, Eastern United States, Missouri , Kentucky

☆ A Trillion Cicadas, They’re What’s for Dinner
▼ + stars: | 2024-05-06 | by ( Tejal Rao | ) www.nytimes.com time to read: +1 min

Over the next six weeks or so, a trillion cicadas will emerge across the Midwest and Southeast for a brief, raucous, once-in-a-lifetime bender. “What an incredible time,” said Joseph Yoon, a particularly exuberant bug enthusiast who will hit the road and forage for the insects as they tunnel up in a mass emergence of two regional broods not seen since 1803. The synchronicity that this is all occurring in my lifetime!”Mr. Yoon is a chef who promotes an appreciation of edible insects through his business Brooklyn Bugs. For his ramp and cicada kimchi, he leaves the insects whole and intact in their crackling shells so they’re slowly permeated with a spicy fermenting juice, and serves it with a wobble of soft tofu and warm rice. He fries cicadas to make tempura, folds sautéed cicadas into Spanish tortillas with potato and onion, and bakes cheesy casseroles with cicada-stuffed pasta shells.

Persons: bender, ”, Joseph Yoon, Yoon Locations: Midwest, Brooklyn

☆ Employers Flee Rich Coastal Cities for South, Sunbelt, As Workers Move
▼ + stars: | 2024-05-02 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

US job creation is shifting from rich coastal cities to the Sunbelt and Midwest. The shift is in large part a result of skyrocketing housing costs in coastal cities. This is in part because these cities have a lower cost of living — driven by lower housing costs — as big coastal cities have become increasingly unaffordable. At the same time, major coastal cities like New York City, Los Angeles, and Seattle saw their hiring shares decline. The richest coastal cities are also suffering from negative perceptions about safety and public order, and those reputations likely also play a role in people leaving.

Persons: —, Benzow, EIG Organizations: Service, Economic, Group, Hilton, Employers, Seattle Locations: —, EIG, San Francisco , New York, Los Angeles, Seattle, Boston, Gainesville , Georgia, South Carolina, Midwest, Wenatchee , Washington, Lansing , Michigan, American, New York City

☆ Strange fungus turns cicadas into zombies
▼ + stars: | 2024-04-15 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +7 min

But some of these insects won’t succeed in their goal of procreating — instead, they’ll be controlled like zombies into spreading a strange fungus that hijacks cicadas’ bodies and behavior. At some point, the insects are exposed to spores of the fungus Massospora cicadina. Courtesy Angie Macias/WVUDespite having a chalky gumdrop of spores instead of genitals, the infected cicadas still attempt to mate, with gusto. Both male and female cicadas infected with Massospora flick their wings to draw in amorous, soon-to-be-infected males. But attempting to mate is just one part of how infected cicadas spread the fungus.

Persons: procreating —, John Cooley, It’s, ”, Matt Kasson, Angie Macias, ” Cooley, ” Kasson, Kasson, Cooley, “ We’re, “, Kate Golembiewski Organizations: CNN, University of Connecticut, West Virginia University, WVU, Midwest Locations: Hartford, Illinois, Chicago

☆ Cicadas 2024: What to expect from the Brood XIII and Brood XIX emergence of cicadas
▼ + stars: | 2024-04-10 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +8 min

The 13-year group, known as Brood XIX, or the Great Southern Brood, is the largest periodical cicada brood, stretching across the southeastern United States. The Northern Illinois Brood, or Brood XIII, emerges every 17 years. Periodical cicadas are smaller and mostly black, with bright red eyes and orange-tinged wings and legs. Billions of cicadas are expected this spring as two different broods — Broods XIX and XIII — emerge simultaneously. However, predictions of a cicadapocalypse — in which Brood XIII and Brood XIX show up at the same place at the same time — are probably an exaggeration.

Persons: hasn’t, Thomas Jefferson, —, “, ”, Jonathan Larson, don’t, XIII —, Jason Bergman, ” Larson, We’re, Chris Simon, XIII haven't, Chip Somodevilla, Larson, Cheney Orr, ” Simon, Kate Golembiewski Organizations: CNN, Southern, Northern Illinois, University of Kentucky, Midwest, University of Connecticut, Reuters Locations: United States, Indianapolis, Northern Illinois, Wisconsin, Iowa, Indiana, Illinois, Missouri, Kentucky , Tennessee, Virginia, Maryland, North Carolina, South Carolina , Georgia, Alabama , Mississippi, Louisiana, Arkansas, Columbia , Maryland, America, Chicago

☆ The 10 most affordable metro areas for America's middle class—3 are in Ohio
▼ + stars: | 2024-04-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Creditnews Research, an independent research house, studied the relationship between income distribution and housing costs across the 100 most populous metropolitan areas in America to determine where middle class families can still qualify for an average home. The report used income tiers based on Pew Research's household income percentile ranges for economic classes:Lower-middle class: $30,001-$58,020Middle class: $58,021-$94,000Upper-middle class: $94,001-$153,000Overall, Creditnews Research found that the Midwest and parts of the South are the most affordable options for middle-class households right now, while ultra-desirable coastal cities like San Francisco and New York City are not an option — even for affluent buyers. The state of Ohio stands out as a place where America's middle class can find an affordable way of life. Three cities in the Buckeye State made Creditnews Research's top 10 ranking thanks to homeowner incentives like grants and tax credits.

Organizations: Research, Pew, Creditnews, San Francisco and New, Buckeye State Locations: America, San Francisco and, San Francisco and New York City, Ohio

☆ 11 U.S. cities where you need to earn over $200,000 to buy a typical home
▼ + stars: | 2024-04-09 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

You'll need to earn just over six figures to buy a typical home in the U.S. right now. San Jose is by far the most priciest place to buy a home, even among 10 other metro areas where qualifying income exceeds $200,000. Some of the wealthiest people in the U.S. live in cities like San Jose, San Francisco and Anaheim. In contrast to California's most expensive markets, the qualifying income needed to buy a typical home in the U.S. overall is $103,835. It's even cheaper in the Midwest and the South, where the qualifying income is $74,967 and $95,511, respectively.

Persons: NAR's Organizations: National Association of Realtors, Thousand Oaks, San, Housing Finance Agency, CNBC Locations: U.S, California, San Jose, Jose, Sunnyvale, Santa Clara , California, Anaheim, Santa Ana, Irvine , California, Francisco, Oakland, Hayward , California, Honolulu, Hawaii, Salinas , California, Diego, Carlsbad , California, Oxnard, Ventura , California, San Luis Obispo, Paso Robles , California, Angeles, Long, Glendale , California, Boulder , Colorado, Naples, Marco Island, Florida, San Francisco, Atherton, Midwest

☆ Up to a Trillion Cicadas Are About to Emerge in the U.S.
▼ + stars: | 2024-04-04 | by ( Aimee Ortiz | ) www.nytimes.com time to read: 1 min

In a rare occurrence, a trillion cicadas from two different broods are expected to begin appearing in the Midwest and Southeast regions of the United States at the end of April. It’s the first time since 1803 that Brood XIX, or the Great Southern Brood, and Brood XIII, or the Northern Illinois Brood, will appear together in an event known as a dual emergence. Thomas Jefferson was president the last time that the Northern Illinois Brood’s 17-year cycle aligned with the Great Southern Brood’s 13-year period. After this spring, it’ll be another 221 years before the groups, which are geographically adjacent, appear together again. A roughly 16-state area will be center stage for these periodical cicadas, which differ from those that appear annually in smaller numbers.

Persons: It’s, Thomas Jefferson, it’ll Organizations: Southern, Northern Illinois, Northern Illinois Brood’s Locations: Midwest, United States, Northern

☆ Severe Weather, Including Tornadoes, Expected in Midwest and South
▼ + stars: | 2024-04-02 | by ( Lola Fadulu | More About Lola Fadulu | ) www.nytimes.com time to read: +1 min

People across much of the Ohio Valley were bracing for severe weather, including thunderstorms and tornadoes, through the afternoon and evening on Tuesday, the National Weather Service said. Ohio and Kentucky, and parts of Indiana, West Virginia, Tennessee, Alabama, Mississippi and Georgia, were likely to be affected, officials said. More than 3.6 million people were under a tornado watch early Tuesday afternoon, the bulk of them around Nashville, according to weather officials. Parts of Kentucky and Tennessee were under a tornado watch until 3 p.m. local time, according to the Louisville office of the National Weather Service. Parts of western West Virginia were also under a tornado watch on Tuesday, according to weather officials there.

Organizations: National Weather Service Locations: Ohio, Kentucky, Indiana, West Virginia , Tennessee , Alabama , Mississippi, Georgia, Nashville, Tennessee, Louisville, West Virginia

The potential for damaging weather is ramping up Monday, with more than 50 million people at risk for severe storms from Texas to Virginia. Damaging thunderstorms will reach their peak in the late afternoon and evening in the Plains, but this won’t be the case for areas farther east. A Level 2 of 5 risk for severe thunderstorms includes portions of the Midwest and Ohio Valley Monday. Tuesday: Severe storm system shifts eastCNN WeatherThe severe thunderstorm threat will march east on Tuesday and include areas from the Gulf Coast through the Ohio Valley. A Level 3 of 5 risk for severe thunderstorms is in place Tuesday from northern Alabama to southern Ohio.

Persons: Louis, Flood, Sara Smart Organizations: CNN, California's, Caltrans, Storm Prediction, ., . Dallas , Oklahoma, Midwest, Ohio, Research, Maryland, New Locations: United States, Texas, Virginia, California, Sur, Indiana, . Dallas ,, . Dallas , Oklahoma City, St, baseballs, Oklahoma, Kansas, Missouri, Gulf, Ohio, Alabama, Nashville, Louisville , Kentucky, Great Lakes, Chicago, Michigan, Wisconsin, White, Adirondack, New York City, Boston, Philadelphia

☆ Logistics companies scramble after bridge collapse closes Port of Baltimore until further notice
▼ + stars: | 2024-03-26 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

The steel frame of the Francis Scott Key Bridge sits on top of the container ship Dali after the bridge collapsed, Baltimore, Maryland, on March 26, 2024. At the time of the collision, the vessel had two pilots from the Port of Baltimore on board. The steel frame of the Francis Scott Key Bridge lies in the water after it collapsed in Baltimore, Maryland, on March 26, 2024. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. "The collapse of the Baltimore bridge primarily affects coal exports from CNX and CSX terminals," said Madeleine Overgaard, dry market data manager for the global trade data platform Kpler.

Persons: Francis Scott Key, Dali, Roberto Schmidt, Paul Brashier, Brashier, Goetz Alebrand, Wes Moore, Larry, Richard Meade, Meade, Kena Betancur, Andy Lipow, Lipow, Helen Delich Bentley, Judah Levine, Madeleine Overgaard, Levine, Tasos Katopodis Organizations: Afp, Getty Images Logistics, Port, Eastern Seaboard, ITS Logistics, Getty, Americas, DHL Global, Maryland Gov, Baltimore, AFP, Uber Freight, IKEA, Lipow Oil Associates, Maersk, Freightos, CSX, East, Francis Scott Key Bridge Locations: Baltimore , Maryland, Baltimore, New York, New Jersey, Norfolk, Port of Baltimore, Colombo, Sri Lanka, Port, American, Taicang Port, Suzhou, China's, Jiangsu, East Coast, Norfolk , Virginia, Maryland, Midwest, New England, Virginia, North East , Maryland, Gulf Coast, Philadelphia, Suez, CNX, Freightos, Asia, U.S

☆ Snowstorm across Plains and Midwest brings heavy snow and blizzard conditions
▼ + stars: | 2024-03-24 | by ( Robert Shackelford | Elizabeth Wolfe | ) edition.cnn.com time to read: +4 min

CNN —A powerful winter storm is pummeling parts of the Central Plains with blizzard conditions and is set to drop a blanket of snow from Colorado to Minnesota through Tuesday, threatening widespread power outages and treacherous road conditions. Blizzard warnings extend from northern Colorado and Kansas into parts of Minnesota, Nebraska and South Dakota on Monday. Amy Forliti/APLast week, a storm dumped snow from the northern Plains to the Northeast. Many power lines were grounded across Maine after the storm blew through, according to Central Maine Power. The event increased the likilihood of seeing the Aurora Borealis in parts of the Pacific Northwest, Northern Plains, Great Lakes and interior Northeast overnight Sunday.

Persons: Amy Forliti, King Salmon, CNN’s, Samantha Beech, Nic F, Anderson Organizations: CNN, National Weather Service, Dakotas, Central Maine Power, Geological Survey, Geophysical Institute of Alaska, Prediction Locations: Plains, Colorado, Minnesota, Midwest, Great Lakes, Colorado and Kansas, Minnesota , Nebraska, South Dakota, Upper Midwest, Nebraska, North Platte, New Mexico, Wisconsin, Como, St, Paul , Minnesota, Maine , New Hampshire, Vermont, Maine, New Hampshire, New York, Aurora, Pacific Northwest, Northern Plains, Seattle, Chicago , Minneapolis, Detroit, Milwaukee, Buffalo, Portland, Alaska, Utqiaġvik, Kodiak, King

☆ Homebuilder sentiment turns positive for the first time since July
▼ + stars: | 2024-03-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Homebuilder sentiment rose 3 points in March to 51 on the National Association of Home Builders/Wells Fargo Housing Market Index. Sentiment also moved into positive territory for the first time since July. Fifty is the line between positive and negative sentiment. "But even though there is strong pent-up demand, builders continue to face several supply-side challenges, including a scarcity of buildable lots and skilled labor, and new restrictive codes that continue to increase the cost of building homes." Regionally, on a three-month moving average, sentiment rose most in the Midwest and West.

Persons: Carl Harris, Robert Dietz Organizations: National Association of Home Builders, West, Builders, Federal Reserve Locations: Wells Fargo, Wichita , Kansas, Midwest

☆ A tax expert shares 3 little-known concepts every real-estate investor should know about, including one that could eliminate capital gains taxes
▼ + stars: | 2024-03-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

"It's section 1250 in the tax code, and that tax rate is 25% at the federal level, regardless of whatever marginal income tax bracket you're in." In addition to owing capital gains tax on the $500,000 of appreciation they experience, they're also subject to depreciation recapture tax. As a DST investor, you essentially own fractions of the investment properties, typically high-grade institutional properties, owned by the trust. A step-up in basis can reduce or eliminate capital gains taxesA "step-up in basis" can help heirs reduce or even eliminate capital gains taxes. That means, if the surviving spouse wants to sell, they can save big on capital gains taxes.

Persons: —, Austin Bowlin, they're, Bowlin, aren't Organizations: Service, Real, Business, IRS, Midwest, Investors Locations: Delaware, Texas, Arizona , California , Idaho , Louisiana , Nevada , New Mexico , Texas, Washington, Wisconsin

Search resuls for: "Midwest and"

25 mentions found