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Renting has its benefits. It’s usually cheaper than buying a home, and it offers the freedom of moving without much hassle. That’s why about half of apartment renters in large urban markets usually move when their leases expire. But that is not happening now.The low turnover is “striking,” according to real estate analyst Alex Goldfarb at Piper Sandler. He said some of the largest landlords are seeing turnover at just 30% compared with the industry norm of 50%.He cited reasons including an unaffordable for-sale market, lack of rental supply on the coasts, nervousness about the economy and tariffs, the cost…

A man stands outside Terminal C with the airport control tower in the background at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty ImagesAir traffic controllers who guide planes in and out of Newark Liberty International Airport lost radar and communication with aircraft before dawn on Friday in another 90-second outage, the Federal Aviation Administration said, hours after the Trump administration unveiled a plan to overhaul the aging technology that keeps U.S. airspace space safe.The outage occurred at about 3:55 a.m. ET, the FAA said. There are far fewer aircraft flying overnight,…

With decades of market-beating returns and a reputation for steady, disciplined management, Berkshire Hathaway is a long-standing favorite among investors.Now, with 94-year-old CEO Warren Buffett announcing his retirement at the end of the year, the company is preparing for a major transition — marking the end of an era for one of the most admired leaders in American business.Since Buffett took over in 1965, Berkshire has grown from a failing textile manufacturer into a $1.2 trillion conglomerate by acquiring what its CEO calls “wonderful businesses at fair prices” with strong long-term value. Berkshire owns a wide array of companies in…

WASHINGTON (AP) — The Trump administration will welcome more than two dozen white South Africans to the United States as refugees next week, an unusual move because it has suspended most refugee resettlement operations, officials and documents said Friday.The first Afrikaner refugees are arriving Monday at Dulles International Airport outside Washington, according to a document obtained by The Associated Press. They are expected to be greeted by a government delegation, including the deputy secretary of state and officials from the Department of Health and Human Services, which has organized their resettlement under its Office for Refugee Resettlement. The flight will…

Newark Mayor Ras Baraka was arrested Friday at a federal immigration detention center where he has been protesting its opening this week, a federal prosecutor said. Alina Habba, interim U.S. attorney for New Jersey, said on the social platform X that Baraka committed trespass and ignored warnings from Homeland Security personnel to leave Delaney Hall, a detention facility run by private prison operator GEO Group. Rep. LaMonica McIver, center, demands the release of Newark Mayor Ras Baraka after his arrest while protesting outside an ICE detention prison, Friday, May 9, 2025, in Newark, N.J, (AP Photo/Angelina Katsanis) Rep. LaMonica McIver,…

CHICLAYO, Peru (AP) — The people of northern Peru call him el obispo. Sometimes he is also Padre Prevost. Maybe when the shock wears off, they will get used to his new title, Pope Leo XIV.Waiters, taxi drivers, teachers and others — faithful or otherwise — saw the Rev. Robert Prevost around their communities for 20 years, eating ceviche, singing Christmas songs and partaking in everyday activities. But he also walked through flooded streets to reach the needy and drove to remote villages to hand out blankets. Many sat a few feet away from him while he delivered succinct sermons.They…

James Foley, a journeyman director best known for “Glengarry Glen Ross,” has died. He was 71.He died earlier this week after a yearlong battle with brain cancer, his representative, Taylor Lomax, said Friday.In his long and varied career, Foley directed Madonna music videos, 12 episodes of “House of Cards” and the two “Fifty Shades of Grey” sequels, but it was his 1992 adaptation of David Mamet’s foulmouthed Pulitzer Prize winning play that stood above the rest. Although it wasn’t a hit at the time, “Glengarry Glen Ross” wormed its way into the culture and grew into an oft-quoted cult favorite,…

CNN  —  Two men have been found guilty of criminal damage for felling a landmark sycamore tree in northern England. Daniel Graham, 39, and Adam Carruthers, 32, were each found guilty of two counts of criminal damage, one relating to the tree and the other to Hadrian’s Wall that the tree fell on, according to the UK’s PA Media news agency on Friday. The verdict was handed down following a trial at Newcastle Crown Court in northeast England. Both men will be sentenced on July 15. They will remain in custody until then, the judge ruled, noting that Graham has…

Americans have been worried about being able to maintain their standard of living since inflation first began to spike in 2021. With renewed cost concerns after President Donald Trump implemented his tariff agenda, many people are prepared to do something about it.A whopping 83% of consumers said that if their financial situation worsens in the coming months, they will strongly consider cutting back on their non-essential spending, according to a new study by Intuit Credit Karma, which polled more than 2,000 U.S. adults in April.  On TikTok, money saving hacks, with hashtags such as no buy, slow buy, low buy and…

BRUSSELS (AP) — Dutch Prime Minister Dick Schoof said Friday that NATO’s chief wants the 32 member countries to agree to start spending at least 3.5% of gross domestic product on their defense budgets at a summit in the Netherlands next month.In 2023, as Russia’s full-scale invasion of Ukraine entered its second year, NATO leaders agreed that all allies should spend at least 2% of GDP. They are expected to set a new goal at a meeting in The Hague on June 25.President Donald Trump insists that U.S. allies should commit to spending at least 5%, but that would require…