Author: Steve LL

I'm Senior Editor at Business d'Or, covering Venture Capital, Cloud and Startups out of Chicago. I Studied Medieval History and Archeology at Harvard University.

You’ll need to earn just over six figures to buy a typical home in the U.S. right now. If you want to live in the West, it will require $161,571, making it the most expensive region in the country. In some California cities, the disparity is even more pronounced. According to a recent report from the National Association of Realtors, residents must earn upwards of $200,000 to afford a typical single detached home. To purchase a house in the San Jose area, you’d have to earn $468,252, marking the highest requirement among all 221 U.S. metro markets examined in NAR’s quarterly report.…

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Following a decline in the latter half of 2023, home prices are once again trending upwards, as indicated by a report from the National Association of Realtors, with 93% of all major metropolitan areas reporting gains thus far in 2024. Around one-third of the 223 major metropolitan markets analyzed by the NAR experienced a double-digit surge in prices during the first three months of 2024. According to Lawrence Yun, the chief economist at NAR, the spike in prices is primarily attributed to pent-up demand for homes. “In the present market, escalating prices stem directly from inadequate housing supply failing to…

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Most people don’t earn six figures, but it’s become the new benchmark for whether or not you can afford a typical U.S. home. According to a recent analysis by Bankrate using Redfin sales data, Americans now require an annual income of $110,871 to purchase a median-priced home of $402,343. This marks a 46% surge since January 2020. In estimating homeownership expenses, Bankrate considers a 20% down payment, absence of HOA fees or mortgage insurance, and a 30-year fixed mortgage interest rate of 7.05%. Unlike the current requirement of six figures, back in 2020, an annual income of $76,191 was adequate…

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AI

Warren Buffett isn’t jumping on the artificial intelligence bandwagon just yet, warning about the technology’s potential for harm. “At Berkshire Hathaway’s annual shareholder meeting on Saturday, Buffett highlighted the alarming potential for scamming facilitated by AI, stating that if someone were inclined to invest in such deceitful practices, it could become the most lucrative industry ever due to AI’s capacity to create convincing yet misleading content.” Scammers are known to use AI voice-cloning and deep-fake technology to manipulate videos and images, creating deceptive portrayals of an individual’s loved ones in order to solicit money or personal details. “Clearly, AI holds promise for…

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In January, Mitsuko Tottori assumed the role of Chief Executive Officer (CEO) at Japan Airlines. Her appointment was celebrated as a significant advancement for women’s empowerment, yet it also reverberated through Japan’s corporate landscape. Tottori’s journey from being a cabin crew member to leading the airline was so extraordinary that one news source likened her to “an alien molecule” or a “mutant,” according to the BBC. Starting her career as a flight attendant in 1985, Mitsuko Tottori steadily progressed through the ranks over three decades. According to the outlet, she appointed senior director of cabin attendants in 2015, and in…

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A recent filing to the Securities and Exchange Commission disclosed that in 2023, Meta’s founder and CEO, Mark Zuckerberg, drew a salary of just $1, while also received an extra $24.4 million in “other compensation.” Mark Zuckerberg In terms of official documentation, Zuckerberg appears to be the least compensated individual within the company. The median salary among Meta’s 67,000 employees stands at $379,000. According to the SEC filing, a significant portion of the “other compensation” referenced was allocated for Zuckerberg’s security expenses, although the precise amount was not specified by the company. According to the filing, Zuckerberg’s total compensation has decreased…

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Many people in the UK can’t afford homes, and some already have one but want another in a sunny place. Buying an Italian house for just 86p seems really exciting to them. In the last few years, some small Italian towns have become famous for selling empty houses for just €1 each. But how does the plan operate, and who can buy one of these discounted villas in the sunny spots? Why is Italy selling houses for Just €1? As more young Italians move to cities and opt for urban jobs rather than rural ones that involve community work, many…

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Livia Voigt, a 19-year-old student from Brazil, has claimed the title of the world’s youngest billionaire, according to the latest Forbes Billionaires List 2024. this year many young people are on the list, with the 25 youngest billionaires all being 33 or younger. Together, they have a total of $110 billion. Livia Voigt, hailing from Brazil, stands as the heiress to one of Latin America’s prominent electrical motors manufacturers. Who is Livia Voigt? Livia Voigt, the world’s youngest billionaire, has now exceeded Clement Del Vecchio, heir to EssilorLuxottica, who is only two months older than Livia Voigt. Livia Voigt’s riches stem…

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Major changes are happening in how folks purchase and sell homes in the USA. A recent legal settlement by the National Association of Realtors might completely change how real estate agents get paid, potentially eliminating the usual 5-6% commission. This is causing a lot of reflection for buyers, sellers, and agents. Here are six key points to understand. What if you already sold a house? As part of the deal, the National Association of Realtors said they’ll pay $418 million in the next four years. On top of that, different brokerage firms agreed to pay $210 million earlier. Some of…

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Selena Gomez, the actor, singer, and entrepreneur behind Rare Beauty, is looking into investment or acquisition offers for the company, according to a new report. PHOTO: RARE BEAUTY Bloomberg has learned through sources familiar with the matter that Rare Beauty, allegedly valued at $2 billion, is engaged in confidential discussions with bankers interested in potential investment or acquisition. According to the report, Selena Gomez intends to remain involved in the company and has enlisted advisors to evaluate proposals from various firms. Kylie Jenner and Rihanna both achieved billionaire status through their beauty brands. Forbes estimates that $1.4 billion of Rihanna’s $1.7…

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