Average Rent in the United States , Climbs to $2,000 Per Month.
A recent analysis of rent prices in the United States from Redfin shows housing prices
have increased 15% in the last year.
For the first time in the nation's history, apartment rental prices have risen
above an average of $2,000 a month.
In Austin, Seattle and Cincinnati,
rent prices have soared 30%.
In Austin, Seattle and Cincinnati,
rent prices have soared 30%.
In Austin, Seattle and Cincinnati,
rent prices have soared 30%.
In Los Angeles, the average
rent is now $3,400.
Historically affordable cities such as Nashville have experienced a boom in rent prices, soaring 32% in the last year.
Housing is getting less affordable for everyone at every level. , Daryl Fairweather, chief economist for Redfin, via NPR.
Experts say in the decade following
the country's last housing crisis, the
building of new homes subsided.
Therefore, a lack of supply has increased prices, making it difficult for many
to consider buying a home.
As many Americans are left to rent instead
of buying a home, rental prices have also experienced ballooned rates.
Rents are going up just as fast as home prices are. , Daryl Fairweather, chief economist for Redfin, via NPR
Credit: Wibbitz Top Stories Duration: 01:30Published
Starbucks to Exit Russia, , Close 130 Licensed Locations.
On May 23, Starbucks announced
that it will exit the Russian market
after 15 years of operation. .
NBC reports that Starbucks has now joined
the ranks of western companies to withdraw
from Russia, including McDonald's and Exxon Mobil. .
NBC reports that Starbucks has now joined
the ranks of western companies to withdraw
from Russia, including McDonald's and Exxon Mobil. .
NBC reports that Starbucks has now joined
the ranks of western companies to withdraw
from Russia, including McDonald's and Exxon Mobil. .
Starbucks currently
has 130 locations
throughout Russia. .
NBC reports that all of those locations
are licensed and not operated directly
by the Seattle-based company. .
NBC reports that all of those locations
are licensed and not operated directly
by the Seattle-based company. .
According to Starbucks, the company
will continue to pay its nearly 2,000 Russian
workers for an additional six months.
The company also said that it will
help workers transition to new
opportunities outside of Starbucks.
NBC reports that Starbucks' business in Russia only accounts for 1% of the company's annual revenue. .
Meanwhile, McDonald's suspension of its operations
in Russia and Ukraine cost the company
$127 million in first quarter revenue.
Meanwhile, McDonald's suspension of its operations
in Russia and Ukraine cost the company
$127 million in first quarter revenue.
The Russian and Ukrainian
markets reportedly accounted
for 9% of McDonald's revenue in 2021. .
The fast-food chain
operated approximately
850 restaurants in Russia. .
On May 19, McDonald's announced it would be selling those locations to a Siberian franchisee, who will then operate them under a new brand.
On May 19, McDonald's announced it would be selling those locations to a Siberian franchisee, who will then operate them under a new brand
Credit: Wibbitz Top Stories Duration: 01:30Published
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Justin Timberlake Sells , Rights to Music Catalog.
CNN reports Justin Timberlake has
sold the entirety of his song catalog.
Hipgnosis Song Management announced
on May 26 the purchase of copyrights
on nearly 200 songs.
including Timberlake's No. 1 songs,
"SexyBack" and "Mirrors.".
According to 'The Wall Street Journal,'
a dollar figure has yet to be disclosed but
the deal is said to be worth upwards of $100 million.
Timberlake's sell-off reflects a trend of
music stars who've chosen to do the same.
such as Bruce Springsteen, Stevie Nicks,
Neil Young and Bob Dylan.
such as Bruce Springsteen, Stevie Nicks,
Neil Young and Bob Dylan.
such as Bruce Springsteen, Stevie Nicks,
Neil Young and Bob Dylan.
such as Bruce Springsteen, Stevie Nicks,
Neil Young and Bob Dylan.
At just 41, Timberlake is one of
the younger stars to choose to
sell the rights to his catalog of hit songs.
Justin’s incredible catalogue
will join other amazing works
at Hipgnosis which we know
will serve as a great
steward of his work. , Justin Timberlake spokesperson, via CNN.
These are not only some of the most culturally important songs and extraordinarily successful songs of the last 25 years... , Merck Mercuriadis, Hipgnosis CEO, via CNN.
... but they’re going to continue to be so for decades and decades to come. , Merck Mercuriadis, Hipgnosis CEO, via CNN
Credit: Wibbitz Top Stories Duration: 01:30Published
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