Some Areas of California , See House Values Plummet.
'Newsweek' reports that many areas across California,
typically one of the most expensive housing markets in
the United States, have experienced steep price drops.
One Palm Springs home, which sold in March for
$1,400,000, was put back on the market just two
months later and is now selling for just $635,000.
.
That's a $765,000 price drop.
.
The property was repeatedly listed,
removed and reposted on Zillow,
each time at a significantly lower price.
According to the listing, the three-bedroom, two bathroom
residence boasts a "brand new pool and spa" and "modern
tile flooring" in a "highly desired neighborhood in
Palm Springs" with "convenient access to downtown.".
As of the end of November, the average home
value in Palm Springs was $651,273,
down 2.5% compared to the same time in 2022.
Overall, the average price of a home
in California was $746,055,
an increase of 2.3% compared to 2022.
'Newsweek' reports that a chronic
lack of inventory has driven home prices
higher across other parts of California.
In addition to skyrocketing prices in the Golden State,
would-be homebuyers have struggled with high
mortgage rates, which has significantly impacted demand.
Meanwhile, in cities like San Francisco,
the cost of homes have fallen by
over 10% since peaking in 2022.
Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.
NBC reports that approximately 99 Red Lobster locations
will be auctioned off as the seafood chain faces
questions regarding the company's long-term future.
Founder and CEO of the liquidation firm TAGeX Brands,
Neal Sherman, said he would lead the closure of over
50 locations in a May 13 LinkedIn post.
Sherman said equipment from the
locations will be auctioned off.
Locations will reportedly be closed across
the United States, including Denver,
Indianapolis, California and New York.
On May 14, Restaurant Business Magazine reported
a total of 99 locations would close, representing
about 15% of the company's 700 locations. .
NBC reports that the largest seafood
restaurant in the U.S. has struggled with debt,
unfavorable leases and executive turnover.
The chain's troubles also stem from ill-advised
strategies like an all-you-can-eat-shrimp promotion
in 2023 that resulted in a significant loss.
Earlier in 2024, the chain's largest investor,
Thai Union, announced that it would
seek to exit its position. .
The combination of Covid-19 pandemic,
sustained industry headwinds, higher
interest rates and rising material and
labor costs have impacted Red Lobster,
resulting in prolonged negative
financial contributions to
Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.
After detailed analysis, we have
determined that Red Lobster’s
ongoing financial requirements
no longer align with our capital
allocation priorities and
therefore are pursuing an exit
of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Harry and Meghan’s Archewell , Delinquent Over Unpaid Fees.
The Duke and Duchess of Sussex's charity is currently prohibited from raising money in California because it's
been found delinquent in the state, NBC News reports. .
California Attorney General Rob Bonta was responsible for issuing the delinquency notice. .
According to the state of California,
Archewell has yet to pay its yearly
registration fees or submit an annual report.
A source familiar with the situation said that the foundation's check was lost in the mail, but another one has been sent out. .
The issue will likely be resolved in a
matter of days, according to the source.
Meanwhile, Harry and Meghan have been in Nigeria supporting causes such as wounded veterans.
Meanwhile, Harry and Meghan have been in Nigeria supporting causes such as wounded veterans.
The Archewell Foundation was launched in 2020 after the couple stepped away from the royal family.
The foundation's mission is, "Show up, do good.".
We consciously partner with
key organizations and leaders
to identify immediate needs,
build meaningful initiatives,
and drive long-term change, Via the Archewell Foundation's website
Credit: Wibbitz Top Stories Duration: 01:31Published
The Duke and Duchess of Sussex's Archewell Foundation has been labelled "delinquent" by California's Registry of Charities and Fundraisers for failing to submit.. Sky News
Prince Harry and Meghan Markle's charitable org has hit a snag -- being declared delinquent by the state of California, but there's a perfectly good explanation.. TMZ.com
Susan Backlinie, who played one of the most memorable roles in "Jaws," has died ... TMZ has learned. The longtime actress and stuntwoman passed away at her home.. TMZ.com
San Francisco's iconic Fisherman's Wharf district is experiencing an unprecedented surge in sea lions, with over one thousand spotted at Pier 39, the highest number in 15 years.
Credit: euronews (in English) Duration: 01:00Published
This Day in History:, The Great San Francisco Earthquake.
April 18, 1906.
At 5:13 a.m., an earthquake
struck offshore of San Fransisco,
a city with a population of 400,000 at the time.
The quake was felt from
southern Oregon to Los Angeles,
and ruptured 296 miles of the San Andreas fault.
Destroying San Francisco's water mains,
the quake ignited massive, devastating
fires all over the city that could not be combated.
The fires burned for days,
resulting in the deaths of more than
3,000 people and destroying more than 28,000 buildings.
More than half of the city was
left homeless by the disaster.
Damages were estimated to close to $15 billion in
today's dollars. The recovery and rebuild allowed city
planners to make great improvements to San Francisco
Credit: Wibbitz Top Stories Duration: 00:57Published
OJ Simpson, the NFL star acquitted of m-rder charges, has died at 76, confirmed by his family on social media. Despite legal controversies, including a civil suit finding him liable for deaths, Simpson's legacy spans football, acting, and media. Born in San Francisco, he rose to fame at USC, then excelled with the San Francisco 49ers and the Buffalo Bills before transitioning into Hollywood.
#OJSimpson #NFLStar #NFL #OJSimpsonDead #OJSimpsonnews #Footballnews #Simpsons #Worldnews #Oneindia #Oneindianews
~HT.97~ED.194~
Remembering Maya Angelou.
Marguerite Annie Johnson was born on
April 4, 1928, and died on May 28, 2014.
Here are five
facts in honor
of the poet.
1. Angelou was the second poet
in history to read a poem at a
presidential inauguration.
2. She worked with both
Martin Luther King Jr. and Malcolm X.
3. She was named Wake Forest University's first Reynolds Professor of American Studies in 1982.
4. Angelou was the
first Black woman to
conduct a streetcar
in San Francisco.
5. Prior to becoming
a poet, she was in an
opera, ‘Porgy and Bess,’
and a journalist.
Happy Birthday,
Maya Angelou!
Credit: Wibbitz Top Stories Duration: 00:52Published
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
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