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AM Business Notebook

>>Housing Starts Fall In March

(Washington, DC) -- Construction of new homes fell slightly nationwide in March. Government figures show an eight-tenths of a percent drop due to the slowing construction of apartment buildings. The decline was larger than industry experts had expected. Meantime, housing starts were revised downward for February to a rate of one-point-four-three million units.


>>Tax Day

(Undated) -- Today your taxes are due, but if you haven't even started or aren't done, there's still hope. If you're in a crunch, you need to file for an extension. The key thing to keep in mind is to file your extension today. Those who have not submitted forms can request that extension, delaying the deadline for paperwork until October 16th. The extension does not apply to payments owed. Those must be postmarked by today to avoid any penalties or interest.


>>Schumer Hits McCarthy Over Debt Ceiling

(Washington, DC) -- Senate Majority Leader Chuck Schumer is calling on the House Speaker to release his plan to raise the debt ceiling. While speaking to reporters, the New York Democrat accused Speaker McCarthy of pushing the U.S. toward a "catastrophic default." His comments come hours after McCarthy made clear Republicans will not raise the nation's borrowing limit without spending cuts. Schumer said cuts should not be a pre-condition for avoiding default. Democrats have pushed for a clean bill to raise the limit, insisting negotiations over government spending should occur separately from debt ceiling talks. The U.S. could default on its debt as early as summer or by early fall if Congress fails to pass a limit increase.


>>New York Ranked As Priciest City In U.S.

(New York, NY) -- New York is the priciest city in the U.S. That's according to a 2023 study by Smart Asset, an investment adviser company. Findings show that people earning 100-thousand dollars in the Big Apple amounts to less than 36-thousand dollars when you consider taxes and cost of living. Honolulu, Hawaii is second on the list. San Francisco is third, one of five California cities to crack the top ten.


>>Homebuilder Sentiment Rises Again In April

(Washington, DC) -- Homebuilder sentiment is on the rise for the fourth straight month. The National Association of Home Builders/Wells Fargo Housing Market Index ticked up a point to 45 in April. Anything below 50 is considered to be negative. The reading is the highest since September as the supply of existing homes remains low.


>>Cash App Founder Bob Lee To Be Buried In St. Louis

(San Francisco, CA) -- Cash App founder Bob Lee, who was stabbed to death in San Francisco, will be buried in St. Louis. The Missouri native had lived in San Francisco for roughly two decades before relocating to Miami, but returned to the Bay Area often. Lee was fatally stabbed earlier this month, allegedly by tech consultant Nima Momeni, who was arrested last week. Court documents show the two men got into an argument over Momeni's sister. Lee had been working as the chief product officer of cryptocurrency start-up MobileCoin. He was the former chief technology officer of Square and helped launch Cash App.

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