Lumber prices plunge 12% to new 2022 lows as wood inventories start to pile up

Lumber prices fell 7% on Wednesday and are down 12% this week as the commodity hits new 2022 lows.The building material has come under pressure as mortgage rates surge and new home sales drop.Lumber inventories are starting to pile up at mills and at home improvement stores. Loading Something is loading. Lumber prices fell 7%… Continue reading Lumber prices plunge 12% to new 2022 lows as wood inventories start to pile up

Russia’s last-minute bond payment to avoid default still wasn’t enough, triggering a failure-to-pay event, credit panel rules

A credit panel ruled that a failure-to-pay event occurred after Russia breached the terms of a bond payment.  Moscow failed to include $1.9 million for interest in a bond payment last month, Bloomberg reported.  The interest accrued during a month-long grace period Russia had used before making the bond payment. Loading Something is loading. The… Continue reading Russia’s last-minute bond payment to avoid default still wasn’t enough, triggering a failure-to-pay event, credit panel rules

Save Over 30% on this Reusable, Smart Notebook

This reusable notebook can be used over and over again by simply wiping the pages clean with a damp cloth. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. Are you someone who prefers writing things down the old-fashioned… Continue reading Save Over 30% on this Reusable, Smart Notebook

Get creative with your used-car buying experience

Used cars are pricing out like new cars in 2022, and that’s a problem for frustrated auto buyers. Used car prices have reached record highs with the average one- to five-year-old used car costing $34,852, according to data from iSeeCars, It’s no surprise that used car prices vary from state to state. iSeeCars reports that… Continue reading Get creative with your used-car buying experience

Divorced and Retired? Tax Advice for ‘Gray Divorce’ Couples

‘Gray divorce’ is on the rise.  A ‘gray divorce’ refers to when couples over the age of 50 end their marriage. And while the divorce rate in some age groups has flattened in recent years; the numbers are grimmer for older couples.  There are some reports that say divorces over the age of 65 have tripled in… Continue reading Divorced and Retired? Tax Advice for ‘Gray Divorce’ Couples

Housing Market: A Glimmer of Hope for Buyers as Inventories Rise

A lack of housing inventory has represented one of the biggest problems confronting potential home buyers during the covid pandemic. Now, some progress on that front has arrived.  The inventory of homes with active listings jumped 8% in May from a year earlier, Realtor.com reports. More new listings entered the market in May than in any other… Continue reading Housing Market: A Glimmer of Hope for Buyers as Inventories Rise

Desjardins chief defends ESG amid skepticism from big fund bosses

Guy Cormier said if business partners not serious about ESG, Desjardins will simply ‘leave the table’ Desjardins’ headquarters in Montreal. Photo by Brent Lewin/Bloomberg Companies have been jumping on the environmental, social and corporate governance (ESG) bandwagon for years, but it’s not just a fad for Desjardins Group, it’s the Lévis, Que.-based firm’s modus operandi.… Continue reading Desjardins chief defends ESG amid skepticism from big fund bosses