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2 days ago | 
cnbc.com | Mike Winters
Earning more than $110,000 in household income doesn't make you rich — but in most states, it means you're upper-middle class. Nationwide, upper-middle class households earn a median income between $117,000 and $150,000, according to a new GOBankingRates analysis of 2023 Census Bureau data. The analysis is based on Pew Research's definition of middle class: households earning between two-thirds and twice their state's median income.
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2 days ago | 
cnbc.com | Mike Winters
Prices have eased amid a slowing economy, but that might not last as new tariffs take effect. Inflation rose 0.2% in April, for a year-over-year rate of 2.3%, which is slightly less than forecasted and coming in just below March's 2.4% pace, per Consumer Price Index data released Tuesday. The CPI tracks average monthly price changes for the goods and services Americans commonly buy.
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6 days ago | 
cnbc.com | Mike Winters
With decades of market-beating returns and a reputation for steady, disciplined management, Berkshire Hathaway is a long-standing favorite among investors. Now, with 94-year-old CEO Warren Buffett announcing his retirement at the end of the year, the company is preparing for a major transition — marking the end of an era for one of the most admired leaders in American business.
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1 week ago | 
cnbc.com | Mike Winters
The Federal Reserve held borrowing costs steady on Wednesday, opting not to cut its benchmark interest rate — known as the federal funds rate — for credit cards, loans and auto financing. As was widely expected, the Fed is keeping the federal funds rate at 4.25% to 4.5%. This influences the interest rates lenders charge on most types of credit, meaning credit card rates will stay high and new loans won't get any cheaper.
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1 week ago | 
telemundodallas.com | Mike Winters
En algunas ciudades de Estados Unidos, ahora se necesita más del doble de ingresos para poder comprar una vivienda de precio medio que para poder alquilar un apartamento de precio medio, y la brecha sigue creciendo. A nivel nacional, un análisis reciente de Redfin revela que los compradores de vivienda en EEUU deben ganar $116,633 para poder comprar una vivienda de este tipo, un 82% más que el ingreso necesario para cubrir el costo de un alquiler de precio medio.
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1 week ago | 
cnbc.com | Mike Winters
Shares of telehealth company Hims & Hers Health got a boost last week on news that it will start offering popular weight-loss drug Wegovy. Founded in 2017, Hims & Hers is a direct-to-consumer telehealth platform that went public in 2021. The company offers treatments for conditions such as hair loss, sexual health issues, mental health, dermatology and weight management.
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1 week ago | 
telemundo20.com | Mike Winters
En algunas ciudades de Estados Unidos ahora se necesitan más del doble de ingresos para comprar una vivienda de precio promedio que para comprar un apartamento de precio medio, y la diferencia sigue creciendo. A nivel nacional, un análisis reciente de Redfin revela que los compradores de vivienda en Estados Unidos deben ganar $116,633 para poder permitirse una vivienda de este tipo, un 82% más que los ingresos necesarios para cubrir el costo de un alquiler de precio medio.
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1 week ago | 
cnbc.com | Mike Winters
In some U.S. cities, it now takes more than twice the income to afford a median-priced home than to afford a median-priced apartment — and the gap keeps growing. Nationwide, a recent Redfin analysis finds that U.S. homebuyers must earn $116,633 to afford such a home — 82% more than the income needed to cover the cost of a median-priced rental. The figures are based on the standard assumption that housing costs shouldn't exceed 30% of gross income, a common affordability benchmark.
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2 weeks ago | 
cnbc.com | Mike Winters
Starter homes now cost $1 million or more in 233 U.S. cities — nearly triple the number from five years ago. That's according to a new Zillow analysis, which shows just how out of reach the housing market has become, especially for first-time buyers. Zillow defines "cities" as distinct housing markets, which can include large suburbs, towns or boroughs within major metro areas. "Starter homes" are defined as properties in the bottom third of home values within a given market.
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2 weeks ago | 
cnbc.com | Mike Winters
Many Americans keep just a few hundred dollars in their checking account, making overdraft fees from mistimed payments a common concern. So, how much cash should you keep in your debit account? Financial planners generally recommend enough to cover a month's worth of bills, plus maybe a small buffer for peace of mind. But you don't want to keep so much in checking that you miss out on the interest you could earn in a high-yield savings account, or leave your money more exposed to fraud.
