Car payments have seen a significant increase in recent years, driven by a combination of factors such as high prices and high interest rates. According to Moody’s Analytics, as of May, the average monthly auto loan payment stood at $760, marking a 40% increase from the $535 average payment back in May 2019. Additionally, a
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The U.S. Department of the Treasury and the IRS have recently announced a new plan aimed at closing a significant tax loophole that has been exploited by large, complex partnerships. This plan is expected to generate more than $50 billion in tax revenue over the next decade. The focus of this initiative is to address
Berkshire Hathaway, led by Warren Buffett, made headlines recently as it sold an additional 1.3 million shares of BYD, China’s largest electric vehicle maker. This move comes as the conglomerate continues to reduce its stake in the company, which was initially purchased in 2008. The decision to sell a portion of their holdings reflects Berkshire’s
The pharmaceutical giant Eli Lilly has seen a surge in demand for its weight loss and diabetes treatments, particularly its diabetes injection Mounjaro and obesity drug Zepbound. This increase in demand has led to challenges in manufacturing enough supply to meet the needs of patients. Eli Lilly, along with rival Novo Nordisk, has faced nationwide
The iconic shophouses that line the streets of some of Singapore’s old neighborhoods have been garnering attention from investors, including the likes of Jack Ma’s wife, Hong Kong superstar Jackie Chan, and Spanish tycoon Ricardo Portabella Peralta. With prices ranging in the tens of millions, these colonial-era buildings, dating back to as early as the
Starboard Value, led by Jeff Smith, has recently acquired a substantial stake in graphics-design company Autodesk. The activist fund has engaged with Autodesk’s board to address several significant concerns regarding the company’s disclosures related to an internal investigation that ultimately led to the removal of its chief financial officer. Starboard’s stake in Autodesk is reportedly
Investors are always on the lookout for opportunities to protect their portfolios from market volatility and enhance returns. One way to achieve this is by investing in dividend-paying stocks. These stocks not only offer a regular income stream through dividends but also have the potential for long-term growth. One of the top dividend picks recommended
The topic of student loan forgiveness has been a contentious issue, sparking heated feelings about fairness, personal responsibility, and economic soundness. Arkansas Attorney General Tim Griffin took around 30 years to pay off his $100,000 student loan balance and publicly questioned why other borrowers should have their debts wiped away. When Marlon Fox, a chiropractor
Gen Z is proving to be a generation that is ahead of the curve when it comes to investing. According to the 2024 Schwab Modern Wealth survey, Gen Z adults are starting their investment journey at the young age of 19 on average. This is a stark comparison to the baby boomers who began investing
Boeing’s Starliner capsule, named “Calypso,” is set to remain at the International Space Station (ISS) twice as long as initially planned. The mission, referred to as Boeing’s crew flight test, involves a series of tests being conducted on Starliner while it is docked with the ISS. This marks the first time that Starliner will carry