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☆ US imposes sanctions on Venezuelan officials who Biden admin says obstructed fair election in country
▼ + stars: | 2024-09-12 | by ( Jennifer Hansler | ) edition.cnn.com time to read: 1 min

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☆ The biggest red flag in a job interview, according to hiring expert of 20 years
▼ + stars: | 2024-09-12 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Like a lot of hiring managers, Adriane Schwager likes to ask candidates about times in their career they've made a mistake. Usually, it's to get an idea of how you handle stressful situations and how you learn from previous errors. For Schwager, the CEO and co-founder of the hiring platform GrowthAssistant with 20 years of recruiting experience, the answer can uncover a big red flag: whether the person has low ownership of their work. Take an example where someone forgot to send something important to accounting, and it cost the business $250,000, she says. Sometimes, she can also tell whether a candidate has low ownership based on how they describe why they left their previous job.

Persons: Adriane Schwager, they've, Schwager Organizations: CNBC

☆ An influx of young people entering the housing market next year will lead to a homebuilding boom, analyst says
▼ + stars: | 2024-09-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewA wave of younger buyers are about to enter the housing market in a trend that could spark a boom for homebuilders, according to one housing analyst. That's because young Americans are itching to buy a home, and they'll likely enter the housing market in droves once mortgage rates come down, he told CNBC in a recent interview. AdvertisementThe 30-year fixed mortgage rate hovered around 6.35% the last week, Freddie Mac data shows, close to their lowest level since early 2023. Yet, 89% of existing homeowners have a mortgage rate below 6%, Redfin found in a survey at the start of the year. Mortgage rates, though, could be slow to come down, housing experts say.

Persons: —, Phillip Ng, they'll, We've, Ng, Freddie Mac, Redfin, Pricing's Organizations: Service, Jefferies, CNBC, Business, Buyers, National Association of Realtors, Builders, Mortgage Locations: Redfin

☆ Mr ChatGPT and other AI power players are going to the White House to discuss AI’s massive thirst for energy
▼ + stars: | 2024-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The meeting, which hasn’t been previously reported, is the first time senior White House officials will sit down with tech company leadership to discuss how to quench AI’s insatiable thirst for energy. The source said the White House expects to detail how the public and private sector can work together to maintain US leadership in AI in a sustainable way. AI is expected to spark a 160% surge in power demand from data centers by 2030, according to Goldman Sachs. Exowatt just launched a new system that can generate and store clean energy to AI data centers. Other US officials expected to attend Thursday’s AI power meeting include White House Chief of Staff Jeff Zients, National Economic Adviser Lael Brainard, National Security Adviser Jake Sullivan and top climate officials Ali Zaidi and John Podesta.

Persons: Sam Altman, Ruth Porat, Dario Amodei, hasn’t, Jennifer Granholm, Gina Raimondo, Harris, Joe Biden, Kamala Harris, Biden, Goldman Sachs, Altman, ”, ” Altman, “, Robyn Patterson, Jeff Zients, Lael Brainard, Jake Sullivan, Ali Zaidi, John Podesta, Oprah Winfrey, Bill Gates Organizations: CNN, White, Google, White House, Wall, . Energy, Biden, Microsoft, International Energy Agency, Washington Post, United, “, National Economic, National, ABC Locations: America, Washington, United States, Exowatt

TOKYO — U.S. opponents of a Japanese steelmaker’s $14.9 billion bid for U.S. Steel cite concerns about national security and a reluctance to relinquish a storied American company. That could complicate efforts to strengthen ties with Japan, a key U.S. ally, in an effort to counter China’s growing influence in the Asia-Pacific and around the world. Washington has also been pushing Tokyo to align itself with U.S. export controls that limit China’s ability to produce advanced semiconductors. The opposition to the deal “also places Japan in the unenviable company of China in terms of Washington’s politicization of economic issues,” Kingston said in an email. Other U.S. Steel employees have rallied in support of the deal, which was announced last December.

Persons: Joe Biden, Jeff Kingston, “, ” Kingston, Donald Trump, Kamala Harris Organizations: U.S, Steel, Nippon Steel, NBC, Temple University Japan, Rust Belt, Biden, U.S . Steel, The United Steelworkers Locations: TOKYO, U.S, American, Japan, Asia, Pacific, Washington, Tokyo, China, Pennsylvania

☆ Norfolk Southern CEO fired for ‘consensual relationship’ with railroad’s chief legal officer
▼ + stars: | 2024-09-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Norfolk Southern CEO Alan Shaw was fired for cause by the railroad’s board for “engaging in a consensual relationship with the company’s chief legal officer,” who was also terminated, the railroad announced Wednesday evening. Shaw had been CEO of one of the nation’s four largest freight railroads for just over two years. And he received praise from some past critics of the railroads for steps he took after the February 2023 derailment in East Palestine to improve railroad safety. Still, Norfolk’s actions related to the derailment received harsh criticism from Jennifer Homendy, chair of the National Transportation Safety Board, which investigated the accident. She said Norfolk Southern’s actions following the derailment put first responders and neighbors of the derailment site at unnecessary risk.

Persons: Alan Shaw, ”, Shaw, “, Nabanita Nag, Mark George, Claude Mongeau, Amit Bose, Ancora, Jennifer Homendy Organizations: New, New York CNN, Norfolk, CNN, of Locomotive Engineers, Norfolk Southern, Federal Railroad Administration, National Transportation Safety Board, NTSB Locations: New York, Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, East Palestine, Shaw

☆ Here's why the stock market is throwing a tantrum about new inflation data
▼ + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Core inflation rose unexpectedly, dashing hopes for a bigger rate cut from the Fed. US indexes slumped on Wednesday, with the Dow dropping as much as 600 basis points in the early morning as traders took a mixed-bag of inflation data. That's the lowest headline inflation rate recorded since early 2021. On the other hand, cutting interest rates by just 25 basis points means higher for longer interest rates. "Today's inflation data cemented in a 25 basis point cut next week 50 basis points in out the window," she added.

Persons: —, Julian Howard, Gina Bolvin, Preston Caldwell, Chris Zacarelli Organizations: Fed, Traders, Service, Dow, of Labor Statistics, GAM Investments, Bolvin Wealth Management, Labor Department, Morningstar, Independent

The collection's existence on your credit report can severely lower your credit score and impact future loans. Here's what you need to know about the impact of collections and how to get them removed from your credit report. As it ages on your credit report, its effect on your credit score will decrease until it falls off entirely. How can you remove collections from a credit report? There are a few different — and completely legal — ways you can try to remove it from your credit report to fix your credit score.

Persons: it's, there's, you've, Markia Brown, John Owens, Brown, Owens, Rick Eicheldinger, Zarrad, Eicheldinger, Jennifer, Read Organizations: Monterey Financial Services, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: America, TheGrio, New York City

CNN —Pressure is building on President Joe Biden, including from within his own party, to loosen the restrictions on Ukraine’s use of US-provided weapons to strike deep inside Russia. On Tuesday, the bipartisan congressional Ukraine caucus called on Biden to allow Ukraine to strike targets inside Russia with the long-range weapons. A group of key House Republican also urged Biden to ease the restrictions in a letter on Monday. On Tuesday, asked if the US will lift the restrictions, Biden answered, “we’re working that out right now.”Two US officials later told CNN that the Biden administration is not anticipating any policy changes when it comes to lifting restrictions. Asked about Trump’s comments, Sybiha, the Ukrainian foreign minister, also downplayed them.

Persons: Joe Biden, Democratic Sen, Jeanne Shaheen, Biden, Ben Cardin, Vladimir Putin’s, ”, Cardin, Antony Blinken, Volodymyr Zelensky, David Lammy, Leon Neal, Zelensky, Blinken, “, we’ll, ” Blinken, Andrii Sybiha, it’s, We’ve, Putin, Donald Trump, we’re Organizations: CNN, Democratic, Wednesday, Biden Administration, Ukrainian Armed Forces, New Hampshire Democrat, Foreign Relations, Committee, Armed Services Committee, Republicans, ” Democratic, Maryland Democrat, British, Getty, Kyiv Wednesday, Ukrainian, Biden, Republican, Ukraine Locations: Russia, Ukraine, ”, U.S, United States, Maryland, Kyiv, Ukrainian, Eastern Poland, Iranian, Iran, Washington, American, United States of America

☆ Stock market today: Indexes rise as stocks whipsaw after inflation-fueled decline
▼ + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

US stocks traded mixed as traders reacted to a mixed inflation report. Core consumer prices rose more than expected, reducing chances of a 50 basis-point rate cut. AdvertisementUS stocks traded mixed on Wednesday, with investors staging a recovery after taking in a mixed inflation report. Odds for a 50 basis-point cut have been slashed by more than half to just 15%, according to the CME FedWatch tool. Markets will assess August producer price inflation data and weekly jobless claims on Thursday and fresh retail sales data next Tuesday.

Persons: —, Bill Adams, Jensen Huang, Goldman Sachs Organizations: Service, Dow Jones, Traders, Comercia Bank, Bank of America, Tech, Nvidia, Here's

☆ CNN Flash Poll: Majority of debate watchers say Harris outperformed Trump onstage
▼ + stars: | 2024-09-11 | by ( Ariel Edwards-Levy | ) edition.cnn.com time to read: +5 min

CNN —Registered voters who watched Tuesday’s presidential debate broadly agree that Kamala Harris outperformed Donald Trump, according to a CNN poll of debate watchers conducted by SSRS. The vice president also outpaced both debate watchers’ expectations for her and Joe Biden’s onstage performance against the former president earlier this year, the poll found. Debate watchers said, 63% to 37%, that Harris turned in a better performance onstage in Philadelphia. That June debate was a rare presidential debate win for Trump: In 2020 and 2016, Biden and Hillary Clinton were seen by debate watchers as outperforming him across the presidential debates. Results for the full sample of debate watchers have a margin of sampling error of plus or minus 5.3 percentage points.

Persons: Kamala Harris, Donald Trump, SSRS, Joe Biden’s, Harris, Trump’s, Trump, Biden, Hillary Clinton, Harris ’, CNN’s Jennifer Agiesta Organizations: CNN, Trump, Democratic, Republican Locations: Philadelphia, Trump, Harris

☆ Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.
▼ + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

There's no need to worry about consumers falling behind on debt payments, BofA's Brian Moynihan said. Deliquency rates on credit card and auto loans are normalizing and are close to 2019 levels. Go to newsletter preferences Thanks for signing up! AdvertisementConsumers are falling behind on their credit card and auto loan payments, but that's actually not such a big deal for the economy, according to Bank of America CEO Brian Moynihan. Late payments on consumer credit card loans have ticked slightly higher over the last quarter, with 9.1% of credit card balances and 8% of car loans transitioning into delinquency, according to the New York Fed's latest Household Debt and Credit Survey.

Persons: BofA's Brian Moynihan, —, that's, Brian Moynihan, Moynihan shrugged Organizations: Service, Bank of America, CNBC, Credit Survey, Business Locations: York

☆ Stock market today: Stocks fall as annual inflation slows but monthly CPI notches surprise increase
▼ + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Core inflation rose 0.3% in August, slightly above economists' expectations. Meanwhile, investors dashed their hopes for a 50 basis point rate cut from the Fed next week. AdvertisementUS stocks traded mixed on Wednesday as investors took in last month's inflation report, which showed an unexpected increase in the monthly core consumer price index. Bond yields rose as traders readjusted expectations for a jumbo rate hike of 50 basis points at next week's Federal Open Market Committee meeting. AdvertisementThe surprise increase led investors to almost completely discount the possibility of a 50 basis point rate cut at the Fed's next policy meeting.

Persons: —, Josh Jamner, Jack McIntyre Organizations: Fed, Service, Dow Jones, ClearBridge Investments, Brandywine Global Locations: Here's

☆ U.S. and Chinese military commanders speak by phone for the first time in years
▼ + stars: | 2024-09-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +4 min

The call was the first time in years that the two regional military commanders have engaged in a formal conversation. Citing multiple recent “unsafe interactions” between China’s People’s Liberation Army and U.S. allies, Paparo said the Chinese military had an obligation “to comply with international laws and norms to ensure operational safety,” the readout said. Paparo also urged the Chinese military to reconsider what he said was its use of “dangerous, coercive and potentially escalatory tactics in the South China Sea and beyond,” it added. Both countries announced plans for a call between their military theater commanders after a visit to Beijing late last month by Jake Sullivan, Biden’s national security adviser. A phone call raises the possibility of another in-person meeting between the two leaders before the end of Biden’s term.

Persons: WASHINGTON, Adm, Samuel Paparo, Wu Yanan, Paparo, Wu, John Aquilino, Xi Jinping, Nancy Pelosi, Joe Biden, Xi, Jake Sullivan, Biden, Courtney Kube, Carol E, Lee, Jennifer Jett Organizations: United, United States ’, Pacific Command, China’s, Chinese Ministry of Defense, People’s Liberation Army, U.S, Theater, Eastern, Command, South China, Philippine, Daily, Global Times Locations: United States, U.S, South China, South, Taiwan, China, Beijing, Taiwan Strait, Philippines, Philippine, Manila, California, Washington, Hong Kong

☆ I took my son traveling without my partner. I was surprised by how easy parenting was on vacation, and it helped us bond.
▼ + stars: | 2024-09-10 | by ( Jennifer Sizeland | ) www.businessinsider.com time to read: +4 min

After my son was born, getting him out of the house felt like an insurmountable task. Once I'd mastered what I needed to bring with me to keep him happy, I took my son to the Lake District for a weekend without my partner. It's a bonding experienceMy son is now 3, and I've just taken him away on vacation for four days without my partner. Now, I find more peace and satisfaction than I ever thought possible in watching him throwing stones into a lake. There's a real joy to be had in slow travel, and solo adventures with my son have helped me to achieve that.

Persons: I'd, Jennifer Sizeland, I've, tantrums, Taj Organizations: Service Locations: Lake, Machu Picchu, Angkor

Although there are no restrictions on how often you can file for bankruptcy, there are restrictions on how often you can receive a discharge. While Chapter 7 and Chapter 13 bankruptcies will have the same effect on your credit score, creditors may view a Chapter 13 bankruptcy more favorably. A Chapter 7 bankruptcy will stay on your credit report for 10 years, while a Chapter 13 bankruptcy will fall off after seven years. Frequently asked questions about how often you can file for bankruptcyCan I file a Chapter 13 bankruptcy after a Chapter 7 bankruptcy? Yes, you can file Chapter 13 after Chapter 7 bankruptcy, but you must wait at least four years after the discharge of your Chapter 7 to file Chapter 13.

Persons: Filers, you've, Adrienne Hines, Hines, Scott Glatstian, Rosenblum, Lamine Zarrad, —, Jennifer, Read Organizations: refiling, Wright Co, Rosenblum Law, Federal Trade Commission, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: Kademenos, Chevron, America, TheGrio, New York City

☆ Stocks won't hit new highs anytime soon and 3 things mean the market is fairly valued, Wells Fargo says
▼ + stars: | 2024-09-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The S&P 500 probably isn't hitting fresh highs anytime soon, according to Wells Fargo. AdvertisementThe stock market's long winning streak may be done for now, Wells Fargo said. That's because to a trifecta of headwinds will cap gains for the S&P 500. "For these reasons, we find it unlikely that the S&P 500 Index will reach meaningful new highs in the coming months." Since then, growth fears have overshadowed excitement about rate cuts, and questions about the sustainability of the AI rally have dented tech bullishness.

Persons: —, Wells Fargo, Stocks, Kamala Harris, Donald Trump Organizations: Service, Federal, Fed, Investor Locations: Wells Fargo

☆ Senior Republicans urge Biden to lift restrictions on Ukraine hitting targets deep inside Russia
▼ + stars: | 2024-09-10 | by ( Kylie Atwood | Jennifer Hansler | ) edition.cnn.com time to read: +8 min

CNN —A group of key House Republicans have written to President Joe Biden urging him to lift the restrictions on the use of US-provided long-range weapons systems and allow Kyiv to strike targets deep inside Russia. The UK is also considering whether to allow Ukraine to strike deeper inside Russia with its own long-range system, the Storm Shadow. “No change to policy,” one senior administration official said, adding that there is currently no openness to lifting restrictions. Last month, senior Ukrainians presented US officials with targets they would like to strike in Russia during a visit to Washington. But the Ukrainians say there are weapons productions facilities that would be within reach of the ATACMS inside Russia that are worthy military targets, a source familiar with the Ukrainians position told CNN.

Persons: Joe Biden, Volodymyr Zelensky, Antony Blinken’s, Biden, Blinken, David Lammy, Keir Starmer, “, Michael McCaul, Michael Turner, Mike Rogers, Ken Calvert, Thomas Kean, Richard Hudson, “ Biden, Harris, Donald Trump, Defense Lloyd Austin, ” Austin, ”, ” Blinken, “ It’s, Zelensky, ” John Kirby, It’s, CNN’s MJ Lee Organizations: CNN, Republicans, British, UK, House Foreign, House Intelligence, House Armed Services, House, Helsinki, Republican, Defense, Ukraine Defense Contact Group, Ukraine “, Ukraine, Russian, US National Security Council Locations: Kyiv, Russia, Ukrainian, Ukraine, Washington, London, U.S, Germany, Russia’s Kursk, Iranian, Crimea

☆ Job-seekers are missing 'something very basic' in interviews, says hiring expert of 20 years
▼ + stars: | 2024-09-10 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Adriane Schwager has interviewed thousands of people and hired hundreds in her roughly 20 years in the recruiting space. She's interviewed candidates at every level in an organization, from interns to senior leaders to join her in the C-suite. It sounds simple enough, but she says she's noticed that candidates' level of preparedness seems to have declined in the last five years or so. "Here's something very basic that I'm seeing candidates missing right now, which is [understanding]: What does the company that you're interviewing for do?" "But I feel like I'm seeing more of that these days at a senior level, which is interesting," she says.

Persons: Adriane Schwager, She's, she's, I'm, Schwager, she'd, it's, who've Organizations: CNBC

☆ Jamie Dimon says succession planning is top of mind right now: 'We all want to get that exactly right'
▼ + stars: | 2024-09-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

He said president and COO Daniel Pinto 'could run the bank tomorrow.' Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJPMorgan Chase chairman and CEO Jamie Dimon is squarely focused on finding his successor.

Persons: Jamie Dimon's, Daniel Pinto, —, Jamie Dimon, Dimon, Jennifer Piepszak, Troy Rohrbaugh, Marianne Lake, Mary Erdoes Organizations: Service, JPMorgan, of Institutional Investors, Reuters, Business Locations: New York

☆ Nvidia stock is on track to double in coming years as AI follows the path of past tech bubbles, portfolio manager says
▼ + stars: | 2024-09-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Nvidia stock has a lot more room to run, according to Dan Niles. The Niles Investment founder compared Nvidia to Cisco prior to the peak of the dot-com bubble. Nvidia shares could double in the next couple of years, he predicted. Nvidia shares, by comparison, have risen around 1,500% over the last six years. The chipmaker has hit a rough stretch in recent weeks, with shares dropping 27% from their peak earlier this summer.

Persons: Dan Niles, —, who's, Niles, you've, I've, Blackwell Organizations: Niles Investment, Nvidia, Cisco, Service, Niles Investment Management, CNBC, Blackwell, Nasdaq

☆ US imposes new sanctions on Iran’s main airline over Tehran supplying missiles to Russia
▼ + stars: | 2024-09-10 | by ( Kylie Atwood | Jennifer Hansler | ) edition.cnn.com time to read: +5 min

CNN —The United States imposed new sanctions on Iran’s main airline as three key European allies announced they will move to do the same in response to Tehran’s transfer of ballistic missiles to Russia for its war in Ukraine. Russia has now received shipments of these ballistic missiles and will likely use them within weeks in Ukraine,” Blinken said alongside his British counterpart, David Lammy. “It adds to their capacity, and it fuels the war,” Blinken said of the new Iranian missiles Russia now has. “Anyone who proves assistance to Russia … is perpetuating the war, is perpetuating the conflict,” he added. Lammy described it as the “first joint visit of this kind for well over a decade.”CNN previously reported that the shipment of the Iranian missiles had arrived in Russia.

Persons: Antony Blinken, ”, Blinken, ” “, Russia …, we’ve, ” Blinken, David Lammy, “, Lammy Organizations: CNN, Iran Air, Iran, Treasury Department, Ukraine, ” CNN Locations: United States, Russia, Ukraine, Moscow, France, United Kingdom, Germany, Iran, Europe, Tehran, North Korea, China, Kyiv

☆ Whitney Leavitt has emerged as the villain of 'The Secret Lives of Mormon Wives' season one. She said the show was 'not how I remember it.'
▼ + stars: | 2024-09-10 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

Read previewWhitney Leavitt blamed the edit for looking bad on "The Secret Lives of Mormon Wives," after fans called her the villain of season one. It's unclear if Whitney is done with the other Mormon MomTokersAt the end of season one, Whitney seems to leave the Mormon MomTok group. Whitney told Distractify last week: "I don't really know, and I don't really feel welcomed in, like, the whole group as a whole. Taylor told Distractify last week that she's friends with Whitney, but added "you never know if she has mixed feelings." Advertisement"The Secret Lives of Mormon Wives" season one is available to stream on Hulu.

Persons: —, Whitney Leavitt, Whitney, Taylor Frankie Paul, Jessi Ngatikura, Demi Engemann, she's, i’ve, whitney, belittled, eason, heth, Jess, yon, kayla, Li Organizations: Service, Business, itn, pti, emi Locations: ife

☆ New York Fashion Week: Highlights from Spring-Summer 2025 runways
▼ + stars: | 2024-09-09 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +10 min

New York Fashion Week, which formally kicks off fashion month, has found itself at a crossroads in recent seasons as its counterparts in Milan and Paris have maintained dominance on the industry’s schedule with sought-after shows and splashy celebrity guest lists. Gilbert Flores/WWD/Getty ImagesBut Olympians haven’t just been on the guest list this week — they’ve made surprise runway debuts as well. The Nepali American designer Prabal Gurung, too, had a message, but one of hope. Paris Hilton invited Megan Thee Stallion for a performance at Hilton’s album release party with Nylon Magazine for New York Fashion Week. Victor Pagan/Getty ImagesA model walks the runway for the Off-White fashion show during New York Fashion Week on September 8, 2024 in New York City.

Persons: Ralph Lauren, Tommy Hilfiger, Lady Jill Biden, Usher, Jude Law, Tom Hiddleston, Naomi Watts, Solomon, Alaïa, supermodels Naomi Campbell, Linda Evangelista, Amber Valletta, Stephanie Seymour, Kendall Jenner, Ib Kamara, Zayn Malik, Mary J, Blige, Camila Cabello, Alessandra Ambrosio, Ashleigh Johnson —, Flav, Sunisa Lee, Jill Biden, Ralph Lauren’s Bridgehampton, Theo Wargo, Rihanna, Pieter Mulier, Brooke Shields, Gilbert Flores, haven’t, they’ve, ” Jordan Chiles, Kim Shui, Noah Lyles, Willy Chavarria’s, “ América, Adidas —, ”, Willy Chavarria, ” Nina Westervelt, Piotrek Panszczyk, Prabal Gurung, Kamala Harris ’, Gurung, Harris, “ I’ve, ” Gurung, …, Paris Hilton, Megan Thee, Roy Rochlin, Victor Virgile, Nina Westervelt, Dan Lecca, Jonas Gustavsson, Lee, David Dee Delgado, Pink, Prabal Gurung Brandon Maxwell, Fernanda Calfat, Sergio Hudson’s, Grace Ling, Jennifer Lopez, Radhika Merchant, Alex Consani, Grace Ling Ling, Victor Pagan, JP Yim, Kamara, Virgil Abloh, Kamara —, Sierra Leone —, utopias, Jason Wu, Tong Yang, Arturo Holmes, Tommy Hilfiger’s, Giovanni Giannoni, Sandy Liang, —, Filippo Fior Organizations: CNN, New York, U.S ., Polo Bar, Guggenheim, Adidas, American Civil Liberties Union, Tinder, Paris, Nylon Magazine, Labor, Getty, Seaport Locations: New York City, Long, Paris, Milan, York, Brooklyn, New York, Gotham, Nepali, City Hall, AFP, New, Ghana, Sierra Leone

☆ The 5 markets hit hardest by housing shrinkflation, with buyers paying up for smaller homes
▼ + stars: | 2024-09-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The median US home size has shrunk by 128 square feet over the last five years. Go to newsletter preferences Thanks for signing up! AdvertisementThe housing market hasn't been spared from shrinkflation, the unfortunate phenomenon of paying more for less. The median-sizes US home has shrunk from 1,996 square feet to 1,868 square feet in the last five years, according to Realtor.com data. Yet, the median price for a US home has climbed to $429,990 as of August, up 36% from August five years ago, when the median price of a home stood at $315,791.

Persons: — Organizations: Service, Business Locations: shrinkflation

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