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☆ This 28-year-old fund consistently beats the S&P 500 — without megacap tech stocks. Here's its strategy
▼ + stars: | 2024-06-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

One fund has a formula that has enabled it to consistently beat the S & P 500 : the Hennessy Cornerstone Growth Fund. The fund uses a formula-based strategy for investing, according to its portfolio managers Neil Hennessy, Ryan Kelley, and Joshua Wein. "We're trying to combine value with momentum and some growth," Kelley said. Stocks the fund owns Most of the stocks in the outperforming fund aren't actually in tech but in the industrials, consumer, financials and health-care sectors — because of the formula they use. It is the only name which survived in the recent rebalancing to the current batch of 50 stocks, said Wein.

Persons: Neil Hennessy, Ryan Kelley, Joshua Wein, Kelley, Wein, They've, We're, aren't Organizations: Cornerstone Growth Fund, CNBC Pro, Micro Computer, Urban Outfitters Locations: United States

☆ Scientists want to pump carbon into a hole at the bottom of the ocean in a $60 million pilot project to help stop climate change
▼ + stars: | 2024-06-26 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Across the planet, basalt rock deposits on the sea floor have the potential to trap carbon dioxide, removing the heat-trapping gas from our atmosphere. First, the scientists need about $60 million to test a prototype at sea. Basalt rock is highly reactive, full of metals that readily grab CO2 and chemically combine with it to form carbonate minerals. AdvertisementSolid Carbon scientists say carbon rock is stuck on the sea floor for thousands of years. They also argue that in the ocean, there's plenty of room to scale up and little risk of disgruntled neighbors fighting the project.

Persons: Martin Scherwath, it's, David Goldberg, who's, Scherwath, Goldberg, that's Organizations: Service, Business, Ocean Networks, Ocean Networks Canada, Columbia University, National Academies of Science, Engineering Locations: Cascadia, Vancouver, That's, Canada, Iceland, Paris, Elliott Bay, Seattle

☆ A 64-year-old woman outperformed millionaires in the anti-aging 'Rejuvenation Olympics' — using a much simpler and cheaper routine
▼ + stars: | 2024-06-25 | by ( ) www.businessinsider.com time to read: +6 min

Read previewA 64-year-old grandmother-of-11 has become one of the buzziest names in the longevity world by beating billionaires at anti-aging with a simple and inexpensive routine. The rest of her longevity routine costs little or nothing to follow, and there's good science to suggest her habits have helped keep her young and healthy. Hardison said she's been a health-conscious eater since she was a teen, watching fad diets come and go. And I cook because if I'm going to eat, I want it to be good," Hardison said. They include ingredients like:AdvertisementMagnesium, which research suggests is good for healthy bones and regulates blood pressure and blood sugar.

Persons: —, Amy Hardison, Bryan Johnson, Hardison's, Hardison, she's, Ginger, isn't, I'm Organizations: Service, Business

☆ How New York's biggest hospital network is tackling tough issues with Hollywood-style movies and series
▼ + stars: | 2024-06-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

The project, from veteran filmmakers Alexandra Shiva and Lindsey Megrue, also had help from a Hollywood outsider: Northwell Health, New York's largest healthcare network. Ramon Soto, CMO, Northwell Health. "Lenox Hill" and "Emergency: NYC" followed, drawing on the popular hospital procedural format. Northwell's own research showed people who watched "Emergency: NYC" were 17% more likely to consider using Northwell services compared to those who hadn't seen it. Soto said the company has stuck to talking about mental health and other healthcare issues while avoiding being prescriptive in its messaging.

Persons: Max, Alexandra Shiva, Lindsey Megrue, Northwell, Oscar, Matthew Heineman, Ramon Soto, Lee S, Weissman, Northwell isn't, Marvel Northwell, Soto, Heineman, they're, Jen Cowan, Bud, it's Organizations: Service, Psych Unit, HBO, Netflix, Business, Northwell, Marvel, Nielsen, HBO Warner Bros, Hollywood, Disney Locations: Hulu, North Shore, Northwell's

☆ Biden shouldn't focus on his White House successes at the debate because nobody cares, advisors say
▼ + stars: | 2024-06-25 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Biden needs to spend his debate time attacking Trump's economic policies, sources told CNN. The top Democrat sources told CNN that voters just don't care about what Biden has accomplished. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJoe Biden's advisors say he should spend more time at the debate attacking Donald Trump than focusing on his own White House successes, according to a report from CNN. They've been advising Biden to focus on criticizing Trump's economic policies and close relationship with corporate America, four sources close to the president told the outlet.

Persons: Biden, Trump, —, Joe, Donald Trump, they've, They've Organizations: CNN, Democrat, Service, America, Business

☆ Gen Z's Most Trusted Source for News: Online Comments Sections
▼ + stars: | 2024-06-25 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

Gen Zers, it turns out, are "not on a linear journey to evaluate the veracity of anything." In other words, Gen Zers know the difference between rock-solid news and AI-generated memes. For Gen Z, checking what other people are saying in the comments isn't shallow. The aim is to reach Gen Z readers where they live — scrolling through the comments — and turn them into subscribers. But I'll confess that I worried about the idea that Gen Z checks the comments to decide what to believe.

Persons: Z, Gen, Yasmin Green, Gen Zers, they're, Zers, Jigsaw, it's, they've, bros, influencers, Beth Goldberg, Jigsaw's, It's, Goldberg, Donald Trump, Trump, Z's, Ukraine —, They're, David Rothschild, I'm, ruefully, Adam Rogers Organizations: Media, Google, CNN, The New York Times, Times, NYPD, Research, Microsoft Research, Pew Research Center, Facebook, Business Locations: New York, Ukraine, Russia

☆ Job seekers are jumping through more hoops to get hired as power shifts back to employers
▼ + stars: | 2024-06-25 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +5 min

Read previewThe hiring process seems to have become increasingly complex in recent years, with job seekers facing new tests, more interviews, and months of waiting to hear back from prospective employers. Job seekers have been taking to social media to complain about jumping through various hiring hoops just to secure an entry-level job. He said that in recent years, the hiring process has slowed down as the number of interview rounds has increased: "It reflects a lack of understanding by employers about what they're actually looking for." Advertisement"Many interviews and job assessments now take place online, which means candidates need to adapt to virtual interactions and later demonstrate their skills remotely," she said. When job interviews started to be done on Zoom and managers had fewer opportunities to evaluate candidates, more employers began using cognitive and psychometric assessments as part of their hiring process.

Persons: —, Chris Abbass, Abbass, Peter Cappelli, Wharton, They've, Cappelli, Nikita Gupta, they're, Gupta Organizations: Service, Business, school's, Human Resources, Harvard Business, Big Tech

☆ The 2 Koreas are poised for a summer of weird warfare, with poop balloons, blaring K-Pop songs, and floating $1 bills
▼ + stars: | 2024-06-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

According to South Korean news agency Yonhap, an estimated 2,000 garbage balloons have been sent over so far. The responding deluge of balloons from North Korea, some carrying manure and used toilet paper, seems to have emboldened the activists. AdvertisementWith the activists appearing to ignore that condition, North Korea's balloon launches resumed. Seoul's military chiefs told South Korean news agency Yonhap that the contents of the latest balloon-lifted bags weren't toxic. North Korea, for its part, has threatened in the past to destroy the speakers with military strikes.

Persons: —, They've, Kim Kang, ED JONES, Park, Kim Jong, Mickey Mouse, Kitty, Pooh, KIM HONG Organizations: Service, South, Business, North, South Korean, Free North Korea Movement, Seoul Shimbun, North Korean, Getty Images, Korean Herald, Korean Unification Ministry South Korean, Police, Samsung, Reuters, JI, Getty, KBS, Associated Press, Inter, Korean Locations: Korea, Seoul, Pyongyang, South Korean, North Korean, South Korea, North Korea, Ganghwa, Kitty, Korean, Kaesong, Paju

☆ Democrats aren't shying away from abortion talk this election — they're capitalizing on it
▼ + stars: | 2024-06-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDemocrats are putting abortion — a topic they've historically downplayed — front and center this election. The debate is no longer just about abortion — it's become about pregnancy itself and access to life-saving medical care. AdvertisementDemocrats know the issue could be a turning point for independent voters and even some Republicans, and they're using it to their advantage. He's hoping that the issue of abortion can turn Florida blue this fall, and he's repeatedly promised to restore Roe.

Persons: —, Roe, Wade, Annie Lentz, " Lentz, — it's, Dobbs, Joe Biden, He's, he's Organizations: Service, Democratic Senatorial, Republican, Business, Democratic, Republicans, Senate Democrats, Pew Research Center, Gallup, —, New York Times, Democrats Locations: Arizona, Florida , Maryland , Michigan, Montana , Nevada , Ohio, Pennsylvania, Texas, Wisconsin, Florida

☆ A rainbow logo isn't enough: How to find financial institutions that actually care about LGBTQ+ people
▼ + stars: | 2024-06-24 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

Rather, look to work with institutions and individuals that are aware of the community's unique financial needs . Some 3 in 10 LGBTQ+ adults (30.8%) say they experienced discrimination when accessing financial services, according to a recent survey from the Human Rights Campaign . In many cases, parade sponsors and participants include financial institutions, from banks to real estate agencies to investment brokerages. Making that process easier is a career goal for Charles Chaffin, a financial psychologist who founded Affirming Advisor — a program designed to help financial firms better serve LGBTQ+ clientele. Vet the firmIf a financial institution is publicly supportive of the LGBTQ+ community, that's certainly a good start, says Jay.

Persons: We've, Chris Jay, you've, Charles Chaffin, —, Chaffin, you'll, that's, Jay Organizations: Merrill, Human, CFP, LGBT Chamber, Commerce, Realtors, CNBC Locations: Seattle

☆ Caitlin Clark's popularity is up there with superstars like LeBron James and her broad appeal is changing perspectives on women's sports
▼ + stars: | 2024-06-24 | by ( Tiara White | ) www.businessinsider.com time to read: +3 min

Read previewIndiana Fever point guard Caitlin Clark has changed perspectives of women's basketball and sports from her college days to the WNBA. A new study conducted by market-research firm YouGov found Clark is the most popular women's basketball player in the US and that her broad appeal with both men and women rivals that of superstar male athletes like LeBron James. AdvertisementClark is the most popular women's basketball player but trails some other women athletesClark's popularity is well ahead of other players in her league, in which the 22-year-old debuted in May. The next most popular women's basketball players are former WNBA star Candace Parker, who holds a 26% positive rating, and Clark's Fever teammate Aliyah Boston who has a 25% positive rating. "The Williams sisters, Simone Biles, they've been active in their respective sports for a while…they're really, really, really highly recognized."

Persons: —, Caitlin Clark, YouGov, Clark, LeBron James, Stephen Curry, Kevin Durant, Nicole Pike, Pike, Candace Parker, Simone Biles, Venus Williams, Serena Williams, Williams, Caitlin, they've, they're Organizations: Service, WNBA, Business, NBA, YouGov, Clark's, Boston

☆ Groundbreaking study shows why drinking from plastic bottles may increase your risk of type 2 diabetes
▼ + stars: | 2024-06-24 | by ( ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewScientists have long suspected that industrial chemicals used in plastic water bottles can disrupt human hormones. Now, a groundbreaking new study shows direct evidence that bisphenol A — or, BPA, a chemical used to package food and drink — can reduce sensitivity to insulin, a hormone that helps regulate blood sugar. An impaired ability to respond to insulin, known as insulin resistance, can mean chronically high blood sugar levels and a much higher risk of type 2 diabetes. "We were surprised to see that reducing BPA exposure, such as using stainless steel or glass bottles and BPA-free cans, may lower diabetes risk."

Persons: —, Todd Hagobian, They've, Hagobian Organizations: Service, Business, American Diabetes Association, California Polytechnic State University, EPA, FDA, European Commission Locations: California

☆ 7 reasons Nvidia is poised to soar 67% as its rally continues for the next 2 years, according to a Wall Street research firm
▼ + stars: | 2024-06-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Constellation Research said Nvidia stock will soar 65% to $200 per share over the next year. The research firm said it expects Nvidia stock to continue soaring for the next 18 to 24 months as it benefits from its AI dominance. These are the seven reasons Wang expects Nvidia stock to soar 65% from current levels. You're going to be locked in for quite some time and they've got quite a lead in terms of doing that." Wang isn't the only analyst on Wall Street with a $200 price target for Nvidia stock.

Persons: —, Ray, Wang, Jensen Huang, It's, Larry Ellisons, scott Mcnealys, Mark Zuckerbergs, they've, Wang isn't, Rosenblatt Organizations: Constellation Research, Nvidia, Service, Constellation, CNBC, Microsoft, Intel, Cisco, Wall Locations: that's

☆ App developers on OpenAI's new GPT Store are trying to make money. Here are some of the successful business models that have emerged so far.
▼ + stars: | 2024-06-24 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +8 min

Read previewSix months after OpenAI announced GPTs, developers are getting creative when it comes to making money with their applications. To some, the GPT Store drew comparisons to the early days of the App Store, Apple's marketplace for mobile applications that debuted in 2008 and ushered in the smart phone era and "app economy." However, multiple GPT developers walked Business Insider through how they're making money with their apps while waiting for formal monetization plans to become available. Advertisement"I think it will be good when OpenAI comes up with monetization integrated in the GPT Store," developer Vicente Silveira told Business Insider in an interview. Our bet is that the GPT Store will be the best way right now to position yourself to create."

Persons: —, OpenAI, monetization, Vicente Silveira, Silveira, Karthik Ramasamy, Silveria, Ramasamy, It's, Ai Drive's, Ai, Claude —, Charly AI, they've, GPTs, it's Organizations: Service, Business, Google, LinkedIn, Big Tech, Humanizer, BI, Charly Locations: Amsterdam, GPTs, San Francisco

☆ Jude Law and Alicia Vikander Talk Smells, Sex Scenes in 'Firebrand'
▼ + stars: | 2024-06-24 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +14 min

AdvertisementIn a joint interview, the two discuss what it was like making "Firebrand," from working with Law's decaying-body perfume to the movie's unexpectedly "hilarious" sex scenes. Jude Law and Alicia Vikander in "Firebrand." Jude: I use it quite a lot because, as Alicia said, it's a really good way of... You've got to step into these characters every day. There are a lot of frankly kind of gross sex scenes that really drive home just the unbalanced, fraught nature of Henry and Katherine's relationship. Jude Law and Alicia Vikander in "Firebrand."

Persons: Jude Law, Count Alexei Alexandrovich Karenin, Joe Wright's, Anna Karenina, Alicia Vikander, —, Oscar, Kitty, Karim Aïnouz's, King Henry VIII's, Katherine Parr, Parr, Anne Boleyn, she's, Karim, Law, Katherine, Larry Horricks Jude, Alicia, Jude, I'd, Joe Wright, it's, You've, Henry, that's, Larry Horricks, I've, would've, there's, Everyone's, Vikander, Ripley, Irma Vep, you'll, Raff, Monica Schipper, John Nacion, WireImage Jude, Glen Powell, It's Organizations: Business, Law, Netflix Locations: South Africa

☆ Ukraine destroyed columns of waiting Russian troops as soon as it was allowed to strike across the border, commander says
▼ + stars: | 2024-06-24 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukraine got permission from its allies last month to strike military targets in Russia with weapons they'd supplied, reversing a long-held restriction. AdvertisementEven so, Ukraine appears to have used HIMARS to strike targets in Russia since the restrictions were lifted. Related storiesRussia has also been stationing troops close to the border with Ukraine, ready to be called in to fight. Ukraine's deputy defense minister, Ivan Havryliuk, told the AP that at least 90,000 Russian troops deep in Russian territory were readying for a new assault when the restrictions were lifted. AdvertisementExperts say this new reality has had a big impact there, particularly given the Russian border is so close to the fighting.

Persons: —, Hefastus, Ivan Havryliuk, Ukraine's, George Barros, They've Organizations: Service, Associated Press, Business, Artillery, System, AP, Washington Locations: Ukraine, Russia, Ukrainian, Kharkiv, Russian

☆ Some student-loan borrowers have one week left to benefit from a temporary measure that'll bring them closer to debt cancellation
▼ + stars: | 2024-06-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Read previewSome student-loan borrowers are approaching the deadline to take advantage of a measure that could bring them closer to debt relief. They would bring them closer to the loan forgiveness promised through their repayment programs or push them over the threshold and automatically grant them debt relief. Most recently, the Education Department canceled $7.7 billion in student debt for 160,500 borrowers, some of which were a result of the one-time account adjustments. As of that May announcement, one of every 10 federal borrowers has now been approved for debt relief. AdvertisementThe department is also working on enacting its broader student-loan forgiveness plan, which is intended to benefit over 30 million borrowers.

Persons: —, Joe Biden's, Education James Kvaal Organizations: Service, Joe Biden's Education Department, Public, Business, Family Education, Federal Student Aid, Education, Education Department

☆ Here's the '800-pound gorilla' that has a top global strategist at Wells Fargo worried about a major market pullback — and 5 investments that can survive as AI hype goes overboard
▼ + stars: | 2024-06-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Scott Wren, a senior global market strategist at Wells Fargo Investment Institute, recently noted that market breadth is abnormally narrow. He found that the five best performers in the S&P 500 accounted for nearly three-fifths of its exceptional 10.6% year-to-date gain through May 31. That fate will soon apply to the S&P 500, Wren warned. Such a sell-off would take the S&P 500 below 5,000 for the first time since April. "And it's tough to be patient when the S&P 500 set a bunch of all-time high records."

Persons: —, Scott Wren, Wren, Steve Sosnick, Sosnick, who's, it's, we've, they've, they're, we're, Goldman Sachs, There's, He's Organizations: Service, Wells, Wells Fargo Investment Institute, Business, Interactive Brokers, Wells Fargo Investment, Nvidia, Investors Locations: Wells Fargo

☆ Even in bankruptcy, Rudy Giuliani keeps his financial picture hidden. Now he might lose control of it.
▼ + stars: | 2024-06-23 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Read previewWhen Rudy Giuliani filed for bankruptcy late last year, it gave him some room to breathe. They all flowed into a federal bankruptcy court, where creditors could negotiate for whatever funds the aging former New York City mayor had left. But if the judge were to agree with the creditors and appoint a Chapter 11 bankruptcy trustee, Giuliani would lose control of his own financial life. AdvertisementA bankruptcy trustee would control all of Giuliani's assets and would be able to sell his two homes unimpeded. Giuliani's creditors have formed a supergroup to try to dig into his finances.

Persons: —, Rudy Giuliani, Sean H, Lane, Giuliani, hasn't, mismanaging, Eric Snyder, Wilk Auslander, They've, Ruby Freeman, Shaye Moss, Noelle Dunphy, Akin Gump, Freeman, Moss, Joe Biden, didn't, TrustPoint, Smartmatic, Jacquelyn Martin, Donald Trump, Snyder, Maria Ryan, Rudy Giuliani's, Ryan couldn't, Matt Rourke Giuliani, John Catsimatidis, Biden, Barrett Prettyman, Shane Moss, Drew Angerer, isn't Organizations: Service, Systems, Business, New, New York City, Department, Dominion, Giuliani, Trump's Saving America, Rudy's, Towers Foundation, Giuliani Communications, Republican, Trump, AP, WABC, America's, Washington , DC Locations: New York, New York City, Florida, Georgia, Smartmatic, WASHINGTON, DC, Washington ,, Fulton County, Fulton, Arizona

☆ Jensen Huang's Nvidia sure hopes the AI bubble doesn't burst anytime soon
▼ + stars: | 2024-06-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AdvertisementHowever, Nvidia's run faces one big risk: it depends on the generative AI boom lasting. Though tech giants, including Apple, Google, Meta, and Microsoft, now appear to have made generative AI their priority, there appears to be awareness of the technology's weaknesses. Google, for instance, was forced to apologize earlier this year after its generative AI image generator created historically incorrect images in response to user requests. For now, though, the industry seems intent on moving ahead with LLM-enabled generative AI. That should keep Nvidia in the race with Microsoft and Apple to a $4 trillion valuation.

Persons: —, Jensen Huang, they've, Dan Ives, Huang, Tim Cook, Yann LeCun Organizations: Service, Nvidia, Microsoft, Apple, Business, Meta, Google, Blackwell, Apple Intelligence, Financial Locations: Taipei

☆ How a Gen Xer went from declaring bankruptcy at 30 to being on track to retire early in her 50s
▼ + stars: | 2024-06-22 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Dove didn't have much time to grieve, though. "I pushed back because I didn't think it was rewarding. I didn't think I would feel like I was contributing to society in a meaningful way as an investor," Dove said. Dove didn't want to work even more hours, which would force her to sacrifice time with her kids, so she made more with less. "Although we have not hit our FI number yet, we will reach our target amount by our target date with just what we contribute from my husband's income," Dove said.

Persons: —, Chris Elle Dove, Dove, hadn't, Berkshire Hathaway, I've, they've, they're, we've, Dove didn't, Rivian Organizations: Service, Business, FIRE, Social Security, Berkshire, Farm Locations: Western Illinois, Bloomington , Illinois

☆ I retrained as a plumber after being laid off from my media job and becoming a mom. I love the flexibility.
▼ + stars: | 2024-06-22 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +8 min

In August 2020, I was laid off from my job, and a couple of days later, my husband left me. I was working a contract job for a literacy nonprofit, and thankfully, they allowed me to take six weeks off to complete the plumbing course. AdvertisementThat pushed me to become self-employed in plumbing and do this alongside my media work, which forms the basis of my income. I currently carve out one day a week for plumbing work — I concentrate on smaller maintenance, so I can do around four to six jobs within a day. The plumbing work gives me good flexibility, and I'm very aware that it is a way of future-proofing my career in case the rise of AI makes elements of my media work redundant.

Persons: —, R.J, I've, We'd, Fenton, I'd, they've Organizations: Service, Business, City & Guilds Foundation Locations: Fenton, South East, England

☆ What it's like setting sail aboard the only remaining US Navy ship to have sunk an enemy warship in battle
▼ + stars: | 2024-06-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

This US Navy warship, at well over 200 years old, is not like the sea service's other ships, though. When it sets sail, the tall ship moves slowly, escorted by police boats and the Coast Guard and helicopters circling overhead. Today, it consists of three officers and around 80 enlisted Navy sailors — a mix of fleet returnees, meaning they've done previous tours, and individuals straight from boot camp. Jake Epstein/Business InsiderThe Constitution underway in the Boston Harbor on June 14. Flamini has worked as a medic during his three years with the old warship, but he also does pretty much anything else needed.

Persons: —, Joshua Samoluk, George Washington, Simpson, Ironsides, she's, Cdr, Robert Dreitz, Jake Epstein, Taona Enriquez, " Enriquez, Dreitz, Andre Flamini, Flamini, Peter Ticich, Alec Morris, Morris, Casey Scoular Organizations: Service, Navy, Business, Coast Guard, US Navy, Charlestown Navy, Marines, Hanscom Air Force Base Locations: State, Boston, Charlestown, who's, Gulf, Aden, Iran, Yemen, France

☆ Meet the last 20-something millennials: They're twice as wealthy as their geriatric peers were and are carving creative paths to homeownership
▼ + stars: | 2024-06-22 | by ( Hillary Hoffower | ) www.businessinsider.com time to read: +9 min

In some ways, they're actually faring better than their older millennial peers, and their struggles point to larger cracks in America's social support systems. Younger millennials are getting creative about becoming homeowners, explained Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors. Because younger millennial women are focused on their careers, they're continuing the overall millennial trend of delaying family formation. AdvertisementAnd some of younger millennials' accumulated wealth has faded thanks to inflation, Ricketts said. He pointed out that younger millennials who invest their wealth well are more likely to consume and drive economic growth.

Persons: I've, —, Diana Elliott, somethings, Gabby Davis, Davis, Gen Z, Cuspers, they've, Elliott, they'll, millennials, Rollin, Zers, Louis Fed, didn't, Louis, Lowell Ricketts, Ricketts, aren't millennials, who've, Younger millennials, Jessica Lautz, They're, Lautz, they're Organizations: Service, Pew, Population Reference, Louis Fed, Fed, National Association of Realtors, NAR, Young Locations: U.S

According to data from Zillow, 30-year mortgage rates are currently 6.55%, and 15-year mortgage rates are currently 5.96%. Mortgage rates could decrease more dramatically if the Fed decides to cut rates. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Zillow, Chevron

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