News Portal

US residents must make $120K a year to afford a home in 2024, realtor claims: …

Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home, one expert discusses. “I think most of us in America would define the middle class as somebody who can work a 40-hour-a-week career and can have the income to purchase the average home in America,” Freddie Smith, an Orlando realtor and TikTok creator, told Fox News Digital. The TikToker, whose videos explore millennial and Gen Z struggles to afford a home and the general cost of living in today’s economic climate, dissected the common factors of living a middle-class existence. “A lot of us grew up middle class, and we…

How to mobilize generalist VCs for a moonshot idea

Moonshot startups, those daring ideas that promise to reshape our world, are inherently about venturing into uncharted territory, giving us new superpowers and creating new markets. They’re high stakes, high reward, and, more often than not, deeply technical. As someone who navigates these waters, I see firsthand that when securing funding, it’s just as crucial to mobilize generalist VCs as it is to mobilize sector-specific investors for your round. Yes, having sector-specific investors on board is invaluable. But we shouldn’t underestimate the power of the generalist perspective. They provide something different — a broader, more…

James Dolan yanks plug on Vegas-style Sphere in London after mayor’s veto: …

Blimey! Madison Square Garden Entertainment Corp. CEO James Dolan dramatically pulled out of a plan to build a Sphere in East London similar to the game-changing Las Vegas performance venue after the mayor of London blew a last-minute whistle on it. MSGE announced its withdrawal last week. Although the shocking veto by mayor Sadiq Khan — a Labour Party member who’s at war with the ruling Tories and Prime Minister Rishi Sunak — could theoretically be reversed by another government official, Dolan wanted no part of a drawn-out struggle. “It’s a political football,” Dolan told us. “It looked to me like it was going to be a never…

HSBC cuts mortgage interest rates ahead of big week for Bank of England

Business HSBC has become the latest lender to cut mortgage prices, ahead of a big week of economic data that could play a big role in determining when the Bank of England will start cutting interest rates. As usual, the banking giant did not announce its new rates, which will come into effect from tomorrow (16 January), except to note that they are lower, Whether the reductions continue likely depends on December’s inflation reading, published this week. A number of below-expectations readings led to lenders cutting rates in the expectation that the Bank of England will be able to bring its base rate down soon. Inflation is…

Is the Texas Grid Ready for This Year’s Polar Vortex?

In what now seems an almost annual event, Texas, the Midwest, and the Deep South are anticipating another episode of extreme cold, this time starting in the third week of January. The fear initially was that this might be like 2021’s winter storm Uri which triggered a grid collapse resulting in a days long power outage and hundreds of weather-related deaths across the state. As we write, It appears that the predicted polar vortex will be more benign from a grid perspective with less ice and a deep cold spell of more limited duration. ERCOT, the grid manager in Texas, has issued a weather notification to its customers but is not…