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Three Reasons Not To Tap Into Home Equity

Soaring real estate values mean many homeowners are awash in equity — the difference between what they owe and what their homes are worth. The average-priced home is up 42% since the start of the pandemic, and the average homeowner with a mortgage can now tap over $207,000 in equity, according to Black Knight Inc., a mortgage and real estate data analysis company. Spending that wealth can be tempting. Proceeds from home equity loans or lines of credit can fund home improvements, college tuition, debt consolidation, new cars, vacations — whatever the borrower wants. But just ...

Sunrun CEO Sees Need For Rooftop Solar

NEW YORK — As the head of the nation’s largest rooftop solar installer, Mary Powell has a stake in the recently passed Inflation Reduction Act, which includes tax credits to make rooftop solar more affordable. But the CEO of Sunrun’s excitement about the bill’s passage goes beyond ...

Target Takes Second Quarter Hit After Heavy Discounts To Clear Inventory

NEW YORK — Target reported solid sales for the fiscal second quarter but its profit plunged nearly 90% after it was forced to slash prices to clear unwanted inventories of clothing, home goods and electronics. In early June, Target warned that it was canceling orders from suppliers and ...

Hot Dogs Vs. Deli Meat: Rising Costs Shape Choices At Walmart

NEW YORK — With inflation hovering near levels not seen in 40 years, higher-income Americans turned to Walmart to cut costs on groceries while its lower-income customers swapped out deli meats for less expensive hot dogs and canned tuna. That boosted sales for Walmart in the second ...

City New Flyer Workers Unionize

Workers at the New Flyer bus manufacturing facility in Jamestown have formed a union with IUE-CWA, the manufacturing division of the Communications Workers of America (CWA). The Federal Mediation and Conciliation Service verified that a majority of the workers signed union representation cards on Thursday, and New Flyer has agreed to recognize the union. IUE-CWA now represents more than 50 workers who make components for New Flyer buses, including electric buses. The workers join more than a thousand workers at two New Flyer facilities in St. Cloud and Crookston, Minn. who are ...

Don’t Bank On Business To Pay For Retirement

Retirement can loom like a dark cloud for small-business owners. Many invest blood, sweat and tears — and every penny — into building their business but never set cash aside for the future. A huge number of entrepreneurs have reported putting aside no retirement savings at all. For some, selling the business is their only retirement plan. That’s a risky bet, says Keith Hall, president and chief executive officer of the National Association for the Self-Employed. “You’re putting all of your eggs in one basket. Not just your current lifestyle, but your future,” Hall says. ...