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Owning a home now comes with an extra $1,380 a month in expenses, and that's BEFORE the mortgage payment.
A new Zillow and Thumbtack report finds hidden homeownership costs have surged nearly 32% over the past five years, with the typical homeowner now paying $16,566 annually for maintenance, insurance and property taxes.
Homeowners insurance has seen the sharpest increase, jumping 54% in five years, while maintenance costs have climbed 32%.
And depending on where you live, the increases are even steeper. See which cities are getting hit hardest: foxbusiness.com/economy/owni…
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Citadel CEO Ken Griffin issued a warning that the riots that have occurred in Paris and other cities in France should serve as an example to young Americans that socialist policies aren't the utopia that some describe.
The billionaire hedge fund manager spoke during a panel discussion at Citadel Securities' recent Future of Global Markets Conference and said that the chaos on the streets in France exemplifies where the road to socialism leads.
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Full story here foxbusiness.com/politics/ken…
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Microsoft researchers said in a study that its new artificial intelligence (AI) tool that can diagnose patients step by step, as a doctor would, was more than twice as accurate as general physicians at solving complex medical cases.
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The cost angle matters too. Researchers found that diagnostic work-ups designed by the orchestrator cost less than those run by human doctors. "We're not just measuring the accuracy of the systems. We're also measuring how judiciously and carefully it goes through a diagnostic work-up," said Harsha Nori, head of AI at Microsoft AI Health.
The real-world test comes next. Microsoft is partnering with Beth Israel Deaconess Medical Center in Boston to evaluate the tool's ability to triage patients in emergency department waiting rooms — a setting where speed, accuracy, and cost all collide.
Full story here foxbusiness.com/markets/micr…



