The bottom line
U.S. homeownership rates are rising again. They peaked in 2004, when 69.2 percent of households were owner-occupied residences, but fell following the Great Recession, hitting 62.9 percent in 2016. The rates have now climbed to 64.3 percent.
The Washington Post
Of the 690 million mobile-payment accounts worldwide, 50 percent are in Africa. In Somalia, 70 percent of adults use cellphone-based payment systems regularly, transferring 2.7 billion each month. Phone-based money platforms have been slow to catch on in the U.S., where only 20 to 30 percent of iPhone users have enabled Apple Pay.
Gwyneth Paltrow’s Goop site got $50 million in new funding last week, bringing total investment in the company to $82 million. Though Goop is often mocked for hawking products like crystal-infused water and “child-calming” mist spray, investors now value the company at $250 million.
Pioneering U.S. physicist Leon Lederman sold his Nobel Prize medal for $765,000 in 2015 to pay medical bills, it was revealed following his death last week. A day in a U.S. hospital costs an average of $5,220, compared with $765 in Australia or $424 in Spain.
A bottle of 60-year-old Macallan Valerio Adami 1926 single malt whisky sold for a record $1.1 million at a Scottish auction last week. A former Macallan distiller described the vintage as “quite intense,” with a taste of “dried fruit” and some hints of “warming spice.”
The New York Times