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Today is a classic case of good news, bad news. First, the bad news: it’s Monday. But now, the good news: it’s National Relaxation Day. So load up and catch up on today’s biggest financial stories.
The big plus: Homes cost more in June than at any time in the last three decades
It seems that US prices in 2022 cannot avoid comparisons with the 1980s. Global inflation is at its highest level since 1981, and the cost of buying a home has reached its highest point since 1989, according to a new report from the National Association of Realtors.
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Featured businesses: Porsche
To celebrate the 20th anniversary of the 2002 911 Carrera, Pixar Animation Studios, Porsche Cars North America and Style Porsche in Weissach (Porsche’s design and development center in Germany) have collaborated on a real-life version of the Carrera more famous – the much-loved Sally from the classic 2006 movie “Cars” (voiced by Bonnie Hunt). The working replica will be auctioned on August 20.
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This is interesting: The Energy Secretary says gas prices will continue to fall, unless that happens
The nation’s top energy official has some good news for American motorists: Gasoline prices should continue to fall in the coming months, possibly reaching their lowest point since last winter. However, don’t get your hopes up just yet.
Read the full story here
Bonus: 5 ways the Inflation Reduction Act is falling short for American families
The Inflation Reduction Act of 2022 is a sweeping bill aimed at fighting climate change, reducing the national deficit, and lowering the price of prescription drugs. However, there are some areas where the bill falls short for many families.
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