Institutional investors have bought hundreds of thousands of single-family homes, many in black communities. Critics say it’s creating a ‘generation of tenants’

Democratic lawmakers are examining whether the American dream of a suburban home and a white picket fence will be seized by large institutional investors, costing working people a chance at home ownership. The House Financial Services Subcommittee on Oversight and Investigations held Tuesday’s virtual panel entitled “Where Have All the Houses Gone?” Private Equity, Single … Read more

Institutional investors have bought hundreds of thousands of homes, many in black communities. Critics say it’s creating a ‘generation of tenants’

Democratic lawmakers are examining whether the American dream of a suburban home and a white picket fence will be seized by large institutional investors, costing working people a chance at home ownership. The House Financial Services Subcommittee on Oversight and Investigations held Tuesday’s virtual panel entitled “Where Have All the Houses Gone?” Private Equity, Single … Read more

FTC is suing Walmart for facilitating money transfer fraud that stole hundreds of millions from customers

The Federal Trade Commission today sued Walmart for allowing scammers to use its money transfer services that stole hundreds of millions of dollars from consumers. in his lawsuit claims the FTC that the company turned a blind eye for years while scammers took advantage of the failure to properly secure the money transfer services offered … Read more

Mark Zuckerberg imagines a billion people in the metaverse spending hundreds of dollars each

Meta Platforms CEO Mark Zuckerberg told CNBC’s Jim Cramer on Wednesday that the Metaverse could be a sizeable part of the social network operator’s business in the second half of the decade. “We’re hoping to reach basically around a billion people in the metaverse, doing hundreds of dollars in businesses, each of which is buying … Read more

US data shows that self-driving and driver-assistance technology is linked to hundreds of accidents

Over the course of 10 months, nearly 400 auto accidents in the United States were linked to advanced driver-assistance technologies, the federal government’s top auto safety agency said Wednesday in its first-ever release of extensive data on these burgeoning systems. Six people died and five were seriously injured in 392 incidents cataloged by the National … Read more