$109,796 In Earnings Needed To Afford Typical US Home

Samsung Strike Threat Sparks Selling Contagion In Memory Stocks President Trump's China trip has concluded, with the multi-day summit producing comments from both sides that pointed to warming bilateral relations. As Trump returns aboard Air Force One on Friday morning, traders are shifting focus to overnight turmoil in South Korea, where labor action risks rattled Samsung shares and other memory stocks, and dragged the country's benchmark KOSPI index lower. Samsung’s strike is set to formally begin on May 21. Because the company’s semiconductor fabs are already highly automated, the impact...

Russia, China Veto UN Res Authorizing Military Force To Reopen Hormuz Strait On Tuesday a UN Security Council resolution on opening the Strait of Hormuz failed due to Russia and China vetoing it. It was drafted by Bahrain and authorized countries to use military force if necessary to open the strait for the free flow of shipping and commerce. The resolution garnered 11 votes in favor, but permanent veto-wielding members China and Russia blocked it by registering no votes. This comes after days of pressure from Gulf countries to restore free passage...

'I See Dead People': Treasury Blocks $99 Million In Federal Payments To Deceased Americans The Treasury Department announced Tuesday morning that it has successfully implemented new safeguards to prevent government payments to dead people in an effort to reduce waste and fraud. The verification system includes screening 885 million federal payments against expanded death records, effectively auditing payments totaling nearly $2.7 trillion. It has already flagged and stopped payments totaling roughly $99 million that had been marked to be sent to dead people. "Treasury has delivered on a key promise of President Trump’s...