As noted last week, small-cap stocks began to outperform after the jobs report on June 2 was mixed enough to allow the Federal Reserve to refrain from raising short-term interest rates this week. Through the end of May, small-cap stocks, as measured by the Russell 2000, were down fractionally for…

Despite Detroit having the lowest home values of any metro in the country, Detroit renters still struggle with affordability. In fact, it costs 24% more to rent the typical home in the Detroit area than it does to buy it. That’s the biggest rent premium among the 50 most populous…

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The Federal Aviation Administration (FAA) delayed flights at five major U.S. airports so far on Thursday, as authorities say Canada wildfire smoke is impacting viability and deteriorating air quality across the Northeast.  As of 9:20 a.m. ET, the FAA has delayed all flights bound for Newark International Airport nationwide.The FAA…

China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors.In particular, stock markets in Japan, South Korea and India have all been major beneficiaries of the disappointment from China’s reopening, highlighted…

Philanthropist billionaire George Soros confirmed that he is handing control of his $25 billion empire to his son Alex.Soros, 92, has a net worth of $6.7 billion, according to Forbes, and is the one of the top 400 richest people in the world. In 2017, he shifted $18 billion from…

New York City on Sunday announced a new minimum pay-rate for app food delivery workers amid a rise in use of services like Uber Eats and DoorDash since the pandemic. Manhattan’s 60,000 food delivery workers currently make on average about $7.09 an hour, according to a news release from the…

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Russian and Iranian crypto and fintech industry group leaders have discussed ways the nations could use tokens to evade sanctions and facilitate trade.The talks were held at a summit in Tehran named the International Exhibition of Financial Industries.A panel discussion on crypto adoption was uploaded to the event’s official channel…

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