Morning Business Report: Treasury targets home investors as GTA 6 launch could cost $1 billion
The U.S. Treasury Department is moving to restrict large private investors from purchasing additional single-family homes in an effort to improve housing affordability.
(LILAMAX)- The U.S. Treasury Department is moving to restrict large private investors from purchasing additional single-family homes in an effort to improve housing affordability.
Under the announced restrictions, investors who own more than 350 houses would be prohibited from purchasing additional single-family properties beginning January 7. The measure is intended to increase housing availability for individual buyers and help address affordability concerns.
Meanwhile, the upcoming release of Grand Theft Auto 6 could have a significant impact on workplace productivity. The highly anticipated video game is scheduled for release November 19, with some economic estimates suggesting its launch could cost the U.S. economy as much as $1 billion in lost productivity. According to the International Business Times, as many as 1.5 million workers could call out sick or take time off on release day.
On Wall Street, technology stocks declined amid renewed concerns about the sustainability of investments in artificial intelligence. Investors shifted money into consumer products companies, helping Procter & Gamble record its strongest trading day in six and a half years.
In consumer protection news, financial losses reported by Americans ages 60 and older increased 25% in 2025 compared with the previous year. According to the Federal Trade Commission, only 6% of older fraud victims reported losing $100,000 or more, but those cases accounted for 70% of the age group’s total reported losses. Officials say scammers are increasingly targeting older Americans’ savings by impersonating banks, businesses and government agencies.
A new survey also highlights growing feelings of loneliness among Generation Z. Research conducted by Talker Research for Life Time found that seven in 10 Gen Z respondents feel more lonely and isolated than they expected to experience as adults. The survey of 1,000 respondents examined how young adults maintain social connections while navigating adulthood.
On average, participants reported feeling lonely four days a week, even when spending time around other people.
The findings suggest that while social connections remain important to Gen Z, many young adults are finding it more difficult than expected to build and maintain relationships.
