In the United States, nearly 40 million families are considered to be ALICEs, which stands for Asset Limited, Income Constrained, Employed. This term was first coined by the United Way’s United For ALICE program to highlight households that earn above the poverty line but still struggle to make ends meet. These families make up 29%
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As wedding and engagement season approaches, many couples are preparing to take the next step towards marriage. One crucial conversation that newlyweds must have is about managing their finances and deciding who will pay the bills. The way in which couples handle their finances can have a significant impact on their relationship and their financial
The economy minister of Saudi Arabia, Faisal Al Ibrahim, has vehemently rejected recent reports suggesting that the $1.5 trillion NEOM megaproject is scaling back some of its ambitious plans. Despite initial reports indicating a significant reduction in the scale and scope of the project, Al Ibrahim stated that all projects are moving forward at full
In a move that could have come straight out of a high-stakes drama on HBO, Paramount Global is gearing up to announce a significant leadership change that will see the current Chief Executive Officer, Bob Bakish, being replaced by a group of division heads within the company. This strategic maneuver is aimed at driving the
Recently, local Chinese authorities decided to lift the restrictions on Tesla cars after the company’s China-made vehicles met the country’s data security standards. Tesla CEO Elon Musk’s visit to Beijing coincided with this development, as he unexpectedly met with Chinese Premier Li Qiang during the city’s first major auto show in four years. Despite being
As earnings season continues, analysts are closely monitoring the impact of macro challenges on companies to gauge their long-term prospects. Netflix (NFLX) is one stock that has caught the attention of top analysts. Despite disappointing investors with the decision to stop reporting quarterly subscriber numbers, the streaming giant reported better-than-expected results for the first quarter
When it comes to technology investing, ARK Invest’s chief futurist, Brett Winton, believes that there are five key areas that can give investors an edge. These areas, including robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage, are all entering the marketplace simultaneously. According to Winton, this convergence of technologies represents a unique moment
Wolfspeed, a semiconductor company specializing in silicon carbide technologies, has recently come under the radar of activist investor Jana, known for its strategic and long-term value approach. Jana has raised concerns regarding Wolfspeed’s supply and execution issues, urging the company to take some drastic actions to improve its performance and regain investor confidence. Wolfspeed, despite
As voters prepare to head to the polls this November, they will not only be deciding between political parties but also casting a vote on the future of Social Security. Social Security plays a crucial role in the lives of millions of Americans, with an estimated $1.5 trillion in benefits set to be paid out
In the current spring housing market, potential homebuyers are shifting their focus towards new construction properties. This trend is largely attributed to the higher availability and incentives offered by new homes as compared to previously owned ones. According to Nicole Bachaud, a senior economist at Zillow Group, there is a greater opportunity in the new