Consumer
/Home & Leisure
![Myung J. Chun/Los Angeles Times/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/305/30525/3052526.jpg)
Newsom vetoes bill that would have offered home mortgage aid to undocumented immigrants
A controversial bill that would have helped undocumented immigrants in California buy homes was vetoed Friday morning by Gov. Gavin Newsom who cited limitations to the program’s existing budget.
Introduced by its lead author, Assemblymember Joaquin Arambula, D-Fresno, Assembly Bill 1840 would have allowed undocumented immigrants to apply ...Read more
![DREAMSTIME/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/305/30503/3050309.jpg)
How do stocks perform after the Fed cuts interest rates? Pretty well, actually
The stock market has had a nice run in 2024, but investors have been nervous lately, because many are concerned that a slowing economy may tip over into an outright recession. To thwart that possibility, the Federal Reserve stands poised to lower interest rates, providing stimulus to consumers and businesses, some of whom have been reeling ...Read more
I've been in financial services for 14 years. Here's why I just opened a CD now
I’ve been in financial services for nearly 14 years and have helped customers with the most common deposit products, but this month was the first time I opened a certificate of deposit (CD) for myself.
A CD is an account that typically has a fixed annual percentage yield (APY) for a specific term. What’s more, there’s typically an early ...Read more
![Tomasz Bidermann/Dreamstime/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/305/30501/3050108.jpg)
Microsoft pays more than $300 million to buy its Silicon Valley campus
MOUNTAIN VIEW, California — Microsoft has paid well over $300 million to buy a huge Mountain View tech campus the company occupies, a fresh sign of how the software leviathan has established its roots in Silicon Valley.
In a $330 million deal, Microsoft bought an office and research hub at 1045 La Avenida Street in Mountain View where it now ...Read more
Real estate Q&A: What should I do if a hurricane damages my home?
Q: With hurricane season heating up, I am concerned I will not know what to do if a storm damages our house. How can we be prepared and ensure that insurance will pay up? — Maritza
A: From the legal perspective, dealing with hurricanes is similar to other casualty losses, such as fires or floods. To best navigate these tragedies, you must be ...Read more
![Crockett County Sheriff's Department/TNS/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/304/30488/3048884.jpg)
'1000-Lb. Sisters' star Amy Slaton left zoo on stretcher before arrest, after alleged camel bite
Amy Slaton Halterman, the "1000-Lb. Sisters" star who was arrested Monday after visiting a Tennessee zoo, was reportedly carried out of the safari park on a stretcher moments before her arrest.
Photos obtained Tuesday by TMZ show EMTs transporting Halterman, 36, into an ambulance while she holds a piece of fabric to one of her arms. The outlet ...Read more
![Paul Bersebach/Orange County Register/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/304/30475/3047507.jpg)
Homebuyer contract bill heads to governor's desk
A bill limiting homebuyer contracts to three months passed the state Legislature last week and is on its way to the governor’s desk.
If Gov. Gavin Newsom’s signs it, the measure would take effect Jan. 1, making California one of at least 22 states with laws requiring home shoppers to have a buyer-representation agreement with their agents. ...Read more
![Stacey Wescott/Chicago Tribune/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/304/30469/3046903.jpg)
Demolition of iconic Sears complex starts, opening a new era for high-tech industry
Workers have started tearing down the vacant Sears world headquarters in northwest suburban Hoffman Estates, Illinois, a necessary next step in converting the iconic 2.4 million-square-foot complex into a data center site.
“No one is going to come in and say I want 2 million square feet of office space,” said Village Manager Eric Palm. “...Read more
![Jerritt Clark/Fashion Nova/Getty Images North America/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/304/30425/3042540.jpg)
Why Fashion Nova bought a $118-million office space in Beverly Hills
LOS ANGELES — When fast-fashion retailer Fashion Nova was searching for a new headquarters, the pull of Beverly Hills was strong.
The city is one of the world’s luxury capitals, and its palm tree-lined streets are home to billionaires, Hollywood stars and high-end brands including Gucci and Dior. Compared with Fashion Nova’s current base ...Read more
![Hyosub Shin/The Atlanta Journal-Constitution/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/304/30414/3041444.jpg)
Report: Home Depot spent billions on its own shares instead of raising pay
Home Depot ranks in the bottom 100 companies in the S&P 500 index for median pay. But it ranks near the top of those corporations in buying back its own stock shares, billions that instead could have been spent improving wages, according to a report from a Washington, D.C., think tank.
Lowe’s and Home Depot ranked No. 1 and No. 2, ...Read more
![Carolyn Cole/Los Angeles Times/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/304/30410/3041021.jpg)
Allstate receives approval for 34% increase in homeowners insurance rates
Allstate has received approval to raise its California homeowners insurance premiums by an average of 34% starting in November — the largest rate increase this year amid the state's insurance crisis.
The rate increase approved earlier this month by state regulators affects more than 350,000 policyholders statewide and exceeds a 30% increase ...Read more
Real estate Q&A: How long should I keep records related to condo sale?
Q: I helped my father sell his condo in 2017 and have been storing the paperwork from when he originally purchased it to when he sold it. I want to shred the papers, but I was wondering if I need to hold on to them for a certain length of time. How long should I keep the paperwork? — Lois
A: Good record-keeping can make a big difference ...Read more
![José Luis Villegas/The Sacramento Bee/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/304/30405/3040594.jpg)
California moves toward helping undocumented immigrants with down payments in home loan program
SACRAMENTO, Calif. — Gov. Gavin Newsom will soon determine if undocumented immigrants in California can qualify for a popular state-backed home loan program.
The Democrat-supermajority Legislature passed the contentious measure, Assembly Bill 1840, on Wednesday afternoon. The bill now heads to the desk of Newsom, who will have to weigh the ...Read more
California lawmakers approve bill to extend home mortgage aid to undocumented immigrants
The California Assembly gave final appoval Wednesday to a bill that could help undocumented immigrants in California buy homes, despite opposition from Republicans who said it would encourage more Mexican immigrants to cross the border illegally.
Elon Musk went as far as posting on his social platform X that "half of Earth should move to ...Read more
![Allen J. Schaben/Los Angeles Times/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/304/30400/3040003.jpg)
The six fire-, flood- and storm-prone cities where billionaires love to buy homes
Rising interest rates. Natural disasters. There are a host of reasons not to buy a home in the current real estate market — particularly in certain areas. But the ultra-rich are unfazed.
As most of the market recovers from its pandemic hangover, megamansions in some cities have been immune to the slowdown. Across the country, billionaires are...Read more
The richest man in Pennsylvania invests in kids' soccer classes, car repair, hiring tech and more
From its busy trading floors just outside Philadelphia, Susquehanna International Group has grown since its 1987 founding into one of the dozen biggest U.S. firms that bet their own money — trillions a year, in Susquehanna's case — on stocks, options, futures, and anything else that changes hands in securities markets.
Susquehanna's success...Read more
![Tom Gralish/The Philadelphia Inquirer/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/303/30370/3037028.jpg)
Inflation is cooling. Here's what a Temple professor says you should do now
Inflation is under 3% for the first time in three years, according to the Consumer Price Index Report released earlier this month, with the Federal Reserve poised to begin interest-rate cuts starting next month.
In July, inflation dropped to 2.9% year-over-year, the Bureau of Labor Statistics reported. That was a slight decrease from June, ...Read more
![Kevin Spear/Orlando Sentinel/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/303/30369/3036939.jpg)
Mormon church seeks to annex 52,450 acres of ranchland to Orlando
An investment arm of the Mormon church applied today to annex 52,450 acres of ranchland to the city of Orlando, Florida, a massive addition that would increase the physical size of the city by nearly 60 percent.
The land-owning entity, known as Farmland Reserve, says it has no immediate plans to develop the land, which will be annexed as the �...Read more
![Dreamstime/Dreamstime/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/303/30364/3036445.jpg)
Survey: ATM fees reach 26-year high while overdraft fees inch back up
Accessing the money from your checking or savings account keeps getting more expensive, if you’re using an out-of-network ATM. In fact, average total ATM fees continue their climb to $4.77 this year, according to Bankrate’s 2024 checking account and ATM fee study. This reflects an increase from $4.73 last year and the highest annual amount ...Read more
![Dreamstime/Dreamstime/TNS](https://resources.arcamax.com/newspics/cache/w300lh200/303/30364/3036442.jpg)
Inherited 401(k) rules: What beneficiaries need to know
If a loved one has named you as a beneficiary of their 401(k), knowing how to make the best use of the bequest is another way to honor them. How to best use an inherited 401(k) depends on a number of factors — first and foremost your relationship with the primary account holder.
Here are the key rules to know when inheriting a 401(k) and how ...Read more
Popular Stories
- Newsom vetoes bill that would have offered home mortgage aid to undocumented immigrants
- I've been in financial services for 14 years. Here's why I just opened a CD now
- How do stocks perform after the Fed cuts interest rates? Pretty well, actually
- How will new real estate rules work? Your questions answered
- Real estate Q&A: What should I do if a hurricane damages my home?