The housing affordability crisis is once again rearing its head, causing concern among policymakers and the general public alike. According to recent reports, housing prices are skyrocketing in major cities across the country, making it increasingly difficult for middle and lower-income families to find affordable housing.
Market pullbacks are often seen as a normal and necessary part of the financial cycle. However, it is crucial for investors to acknowledge the hidden downside risks that accompany such downturns. While these risks can be masked by the overall market sentiment, they have the potential to cause significant losses if not properly addressed.
Snap Inc., the parent company of popular social media platform Snapchat, announced on Thursday that it would be laying off around 100 employees. With this move, Snap joins a growing list of tech companies that have resorted to cutting jobs in response to economic challenges caused by the ongoing pandemic.
Residents of New York City experienced a momentary disruption to their daily lives yesterday as a brief power outage affected several neighborhoods. The electrical fault occurred in the late afternoon, resulting in darkness and briefly interrupting activities. Fortunately, power was swiftly restored by the diligent efforts of utility workers.
