Here’s What the $1.25 Billion Powerball Winner Would Actually Take Home for a House After Taxes
The Powerball jackpot shot up to $1.25 billion Tuesday, after no winner was crowned on Monday, Dec. 15. The jackpot is Powerball's sixth-largest of all time and the second-biggest Powerball grand prize this year: a $1.787 billion jackpot was hit Sept. 6 in Missouri and Texas. If anyone is lucky enou
Unemployment Rate Hits 4-Year High of 4.6% in Further Sign of Labor Market Weakness
The national unemployment rate rose to a four-year high of 4.6% in November, in a further sign of weakness for the U.S. labor market. The November jobs report released Tuesday by the Labor Department also showed that the economy added 64,000 jobs last month after shedding more than 100,000 jobs in O
Could Capital Gains Tax Cuts Lower Home Prices? 2 Proposals Are on the Table
The housing market is stuck, and not just because of high mortgage rates and affordability. In many metros, longtime homeowners with large gains are delaying sales to avoid triggering a steep capital gains tax bill, keeping would-be listings off the market. That dynamic has put capital gains back on
L.A. Megamansion With Special Stargazing Roof and Private Jazz Club Returns to the Market With a Huge $42 Million Price Chop
A spectacular megamansion in Los Angeles that was first listed for sale in February for the eye-watering asking price of $177 million has made a headline-grabbing return to the market after undergoing a drastic $42 million price chop. Yet even after having more than a quarter of its price cut from t
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