One of the biggest upsides to purchasing a house with a home equity conversion mortgage is that doing so does not impose a monthly payment burden on the borrower. The disadvantage is that this type of reverse mortgage, offered through the Federal Housing Administration, will cover only about 50-60 percent of the house price, depending on the ...Read more
Renters, what's keeping you from making the leap to buying a house?
Would that reason be the same if you lived in the New York area? How about a place as expensive as San Francisco, or more affordable like Detroit?
According to a first-ever study sponsored by Zillow and conducted by market researcher Ipsos, no matter where renters live across ...Read more
Q: What do we need to consider if we sell our home to a close relative? Specifically, are there any tax ramifications or other potential issues if we want to help our family member by selling for significantly below market value?
A: You can sell your property at a discount and offer favorable terms, but get all that in a written ...Read more
WASHINGTON -- The White House announced a broad tax overhaul plan on Wednesday that would dramatically cut taxes for corporations, but it did not explain how the government would pay for the massive tax reductions.
Treasury Secretary Steven Mnuchin and chief economic adviser Gary Cohn billed Wednesday's announcement as a starting point for ...Read more
WASHINGTON -- The nation's top telecommunications regulator on Wednesday unveiled a plan to dismantle the tough net neutrality rules for online traffic that Democrats pushed through in 2015 over the objections of major internet service providers.
Net neutrality regulations are designed to ensure the unfettered flow of online content. They ...Read more
WASHINGTON -- President Donald Trump wants to sharply reduce the tax rate for all businesses -- from multinational corporations to mom-and-pop shops -- to 15 percent in the "biggest tax cut" in U.S. history, Treasury Secretary Steven T. Mnuchin said Wednesday.
But the Trump administration has not embraced a House Republican proposal to include ...Read more
SAN FRANCISCO -- Twitter on Wednesday reported its first revenue decline since going public in 2013, a sign the tech firm still faces an uphill battle to attract advertisers even as it lures in more users.
Twitter executives, pointing to the company's bump in users, said it's making progress.
"This past quarter is giving us a lot of confidence...Read more
DETROIT -- Fiat Chrysler Automobiles said Wednesday it earned a profit of $698.2 million (641 million euro) during the first quarter, a 34 percent gain compared with the same period a year ago, driven primarily by profits in Europe and gains by its Maserati brand.
The earnings are a record best for the company, which was formed from the merger ...Read more
LOS ANGELES -- Ready or not, Hollywood may be thrust into another writers' strike in less than a week.
A decade after the previous walkout that lasted 100 days, film and TV executives are once again bracing for a strike that could roil the business and Los Angeles' bedrock entertainment industry. The ripple effect of a walkout is expected to ...Read more
CHICAGO -- Starbucks plans to open a four-level Roastery flagship on Chicago's Michigan Avenue, its largest space yet for the high-end concept that the coffee giant is rolling out around the world.
Executive Chairman Howard Schultz said the company plans to bring its Starbucks Reserve Roastery showplace to the current Crate & Barrel building at...Read more
WASHINGTON -- Stone masons in Colorado, thoroughbred caretakers in Kentucky and waiters in Cape Cod are in shorter supply after Congress allowed a temporary migrant worker program to shrink.
Lawmakers temporarily lifted the number of seasonal visas for unskilled, non-farm workers for fiscal year 2016: Workers who had used the program in recent ...Read more
CHICAGO -- Chicago's Trump Tower has an unusually large number of condominiums for sale and for rent, and real estate agents predict that a glut of available units in the building may pressure owners to drop their prices.
Already renters in Trump Tower say they have been able to get sizable discounts.
Bearing the president's name in massive ...Read more
Q: When my apartment building added free Wi-Fi, I bought my first wireless device, a Kindle Fire tablet computer (my PC has a wired internet connection.) But I wonder what security software I should use on the tablet, and how concerned I should be that the building Wi-Fi network is very public -- I don't even need a password to sign in. Should I...Read more
The spinning wheel of death. That's how I refer to one of the most annoying complications associated with streaming TV: buffering.
The problem is scary enough to keep you glued to your cable TV provider, and rightfully so. After all, if you love TV, you're not going to want to tolerate slow program load times or all-out freezes.
Thankfully, ...Read more
The technology-heavy Nasdaq composite index closed above 6,000 for the first time Tuesday as part of a broad rally in stocks being driven by a bullish outlook for U.S. corporate growth.
The Nasdaq index crossed the milestone 17 years after it first reached 5,000 during the height of the dot-com era, a market bubble that would burst when the ...Read more
SAN DIEGO -- Now that Comic-Con attendees have survived the competition for getting a badge to the July convention, the next hurdle is nabbing a coveted hotel reservation.
Starting Wednesday morning, attendees can access a website for booking a room at one of more than 55 hotels that are part of a special convention room block that offers firm ...Read more
SAN JOSE, Calif. -- Uber plans to demo its first "flying cars" in U.S. cities by 2020, the ride-hailing company said Tuesday, moving one step closer to a future where workers take to the air for their daily commutes.
The first places to get a glimpse of the futuristic vehicles will be the Dallas-Fort Worth area and Dubai in the United Arab ...Read more
BALTIMORE -- T. Rowe Price Group Inc. reported a profit of $385.9 million in the first three months of the year, up 27 percent from the January-through-March period last year.
Earnings per share at the Baltimore-based investment management company rose to $1.54, up 36 cents compared to the first quarter of 2016.
The results were buoyed by a $...Read more
CHICAGO -- McDonald's said new food offerings and cheap drinks drove its first-quarter earnings growth but it believes technology in the form of delivery, mobile ordering and in-store kiosks are the keys to winning back lost customers.
The world's largest burger chain, headquartered in suburban Chicago, said its delivery partnership with ...Read more
WASHINGTON -- The Trump administration is slapping hefty duties on billions of dollars of lumber imported from Canada, marking an escalation of trade tensions ahead of the president's promised effort to overhaul the North American Free Trade Agreement.
The U.S. softwood lumber industry has long complained that competing imports from Canada are ...Read more
- Tech Q&A: How safe is it to use a tablet on a public Wi-Fi?
- Net neutrality is next and biggest target for new FCC chairman
- All Wells Fargo board members re-elected at shareholder meeting
- Jennifer Van Grove: The internet FAQ for cord-cutters
- A strike by TV and movie writers may be just days away. Here's what you need to know