Author: josh
For Esther George, the former Kansas City Fed president and one of the most reliably hawkish voices to ever sit on the rate-setting Federal Open Market Committee, Americans making long-horizon financial decisions should stop expecting relief from borrowing costs, and instead, start preparing for them to rise. “If I were someone planning with that kind of horizon, I’d plan for higher rates coming ahead,” George told Fortune’s Catherina Gioino. George, when asked directly whether she would cut rates, answered almost as quickly as the predictions for Warsh have come rolling in: “No I would not.” “Inflation is a problem right…
Anthropic has alleged Alibaba found a cheaper way to close the already narrowing AI gap: Not by stealing servers or smuggling chips, but by using fake accounts and innocuous interactions with Claude to extract its capabilities and train competing systems at a fraction of the cost. Leading IPO expert Jay Ritter told Fortune that Alibaba’s distillation could either strengthen Anthropic’s IPO story by positioning the company as strategic in the U.S-China rivalry or lead investors to question Anthropic’s future profitability if its frontier AI moat isn’t defensible. “Both points of view have merit, but I think that second point about…
No shortcuts. No complicated funnels. Jimmy Burgess shares your no-fuss guide to becoming the most visible, valuable and trusted person in a specific area. One of the biggest mistakes I see agents make is trying to be everything to everyone. They want to market across an entire city. They want to work every ZIP code. They want to be known everywhere. The problem is that consumers rarely think that way. When homeowners are deciding who to trust with one of their largest financial assets, they often look for someone who knows a specific area. They want the neighborhood expert. They…
Early this year, Jacob Andreou had a crucial goal. The Microsoft executive set out to order a McDonald’s cheeseburger to his apartment across from the company’s Silicon Valley campus using a homegrown AI tool. Andreou and his team had worked nonstop to get the tool, named Copilot Tasks, up and running. If the AI agent inside Tasks could autonomously order the burger and get it to Andreou’s home, it would prove the tool worked as designed. By the time Andreou reached his apartment, the burger had arrived. What made the accomplishment so notable inside Microsoft is that Andreou, a polished…
Compass Florida is facing a proposed class action lawsuit in Palm Beach County over a $475 transaction fee that homebuyers say was improperly added. Compass Florida is facing a proposed class action lawsuit in Palm Beach County over a $475 transaction fee that two Florida homebuyers allege was improperly added to their purchase contract and collected at closing. The lawsuit, filed June 23 by Jeff and Milissa Efron, accuses Compass Florida of unfair and deceptive business practices tied to what the complaint describes as an undisclosed flat fee charged to buyer clients. The Efrons, who bought a North Palm Beach…
In This Article Foreclosures are way up. According to HousingWire, they rose 14% year over year in May, while analytics and data site ATTOM reports a 26% jump in the first quarter compared to last year. That’s not a blip or a temporary correction but enough of a jump for investors to take note and strategize around it. States Differ Markedly Despite the knee-jerk reaction to proclaim an impending 2008-style financial crash, the first thing to note is that the rise in foreclosures is markedly different from state to state. ATTOM notes that the states most affected by the rise…
Every Friday, we round up the most popular, most read, most critical stories of the week to give you a quick catchup on the big headlines you might have missed in the hustle and bustle of the workweek. Here’s this week’s Top 5 as chosen by our readers. P.S. Don’t miss The Download, our weekly column that breaks down one of the week’s top stories and equips you with what you’ll need to meet next Monday head-on. The National Association of Realtors has asked the American Real Estate Association to hand over documents relating to the NAR Accountability Project — and ARA is…
In This Article Presented in partnership with Connect Invest. I run a glamping and short-term rental portfolio in Texas, and I self-manage basically all of it. I take the direct bookings and answer the guest messages. I’m the one who hears about the hot tub at 11 p.m. on a Saturday. I have a rule for where I even buy a property (60 minutes from a city of 500,000 people, 30 minutes from an attraction, and 10 minutes from anything resembling civilization), and I obsess over it because every detail is mine to get right. The vast majority of my…
New to investing in real estate? In an area that has high housing prices, tough landlord laws, or little-to-no cash flow potential? We’ve got you covered. We’re sharing 12 markets that are making money for real estate investors right now. Regardless of your strategy, we have markets for you. From long-term rentals to short-term rentals and Airbnbs, house hacking cities that will help cover your mortgage, and house flipping markets with high returns and low rehab costs.We didn’t want to give you just one option to choose from, so Dave, Henry, and Ashley Kehr from the Real Estate Rookie podcast…
As the class of 2026 join the race to find jobs, unemployed college graduates in Singapore are taking a last-ditch shot at getting ahead: temporary government-funded gigs that earn them half the median first paycheck. The government’s Graduate Industry Traineeships, known as GRIT, offer a stopgap for graduates to gain industry-relevant experience with government agencies or private businesses, with an allowance of 1,800 to 2,400 Singapore dollars ($1,400 to $1,850) per month. The lowest end of that range is less than half the median graduate’s starting salary and around two-thirds the wage of a McDonald’s Corp. management trainee, who needs only a pre-university diploma.…