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Personal Finance Daily

Sept. 24, 2021, 4:09 p.m. EDT

The history and politics behind the Evergrande debt crisis, and new-home sales turn higher, despite record prices

By Elisabeth Buchwald

TGIF! Don’t miss these top stories.

A viral TikTok accuses Zillow and its competitors of manipulating the housing market. Here’s what’s really going on

No, Zillow isn’t buying all the homes in your neighborhood. But the rise of so-called iBuyers does raise some regulatory questions. Read More

‘High cost and scarcity of daycare’ is contributing to labor shortage, says Cleveland Fed President Mester

One in three child-care centers is considering shutting down within the next year, according to a report from the National Association for the Education of Young Children. Read More

What to watch for at this weekend’s unusual Tony Awards: Fewer nominees, but more intrigue

Broadway’s 2019-20 season was cut short by the COVID-19 pandemic, so one acting category has just one nominee. Read More

Weekend reads: Retirement locations in 6 states

Also, when to sell Tesla’s stock, Robinhood’s IPOs and another financial transformation that may spring from blockchain, the technology behind bitcoin. Read More

New-home sales turn higher, despite record prices

The median sales price of new houses sold in August was $390,900, matching the all-time high. Read More

CFO of major Russian gas company Novatek hit with tax fraud charges in U.S.

Mark Anthony Gyetvay is accused of illegally hiding $93 million offshore to avoid paying taxes in the U.S. where prosecutors say he lives. Read More

Fall is the perfect time to review your finances—here is a money to-do list you should tackle now

Like it or not, this year will be over before you know it. Financial experts recommend taking a close look at your savings and planning for 2022 goals now. Read More

‘A different kind of moral hazard’: The history and politics behind the Evergrande debt crisis

In this week’s Extra Credit we also talk staffing shortages at the biggest consumer lender in the country Read More

Subaru is making an EV. When can you get one?

Take a sort-of disguised peek at Subaru’s planned electric car, the Solterra, which shares a platform with Toyota’s upcoming bZ4x electric SUV. Read More

Former Oppenheimer analyst charged with insider trading that netted $8.5 million

A former quantitative analyst for a global asset manager was charged with securities and wire fraud for allegedly using nonpublic information to commit insider trading that netted him more than $8.5 million in profit, according to a complaint unsealed Thursday in federal court. Read More

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