Experts in the real estate industry seem to have conflicting views on where the housing market is headed in the latter half of the year. While some, like Glenn Kelman from Redfin, are optimistic about improvements, others remain cautious about predicting market trends. Kelman believes that the housing market has hit rock bottom in the
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In a recent announcement, Moderna revealed the results of its late-stage trial for a combination vaccine targeting both Covid-19 and the flu. This innovative approach has shown to be more effective than existing standalone shots for these viruses, marking a significant milestone in the world of vaccination. Moderna’s decision to pursue a combination jab sets
The U.S. economy seems to have segmented consumers into categories of individuals with abundant financial resources and those without, including retirees. As Cerulli Associates’ senior analyst Chayce Horton pointed out, there is evidence of a significant wealth transfer occurring between generations. This transfer is estimated to be around $84 trillion by Cerulli and is expected
In a recent survey conducted by BNY Mellon Wealth Management, it was discovered that family offices are transitioning into their own private equity funds, making direct investments into companies at an unprecedented rate. These family offices, which are the private investment arms of wealthy families, are increasingly taking a hands-on approach to investing by buying
The real estate market is no stranger to the allure of iconic homes with famous pedigrees. Buyers often find themselves willing to pay a premium for properties that have a piece of pop culture history attached to them. The exact value of this premium is difficult to quantify, as wealthy buyers might be willing to
The first pick by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company demonstrated positive results for the first quarter of fiscal 2024 and raised both its profit margin and earnings outlook for the year. Jefferies analyst Corey Tarlowe, who reaffirmed a buy rating on BURL, raised the price target to $275
The landscape of private equity investing is set to undergo a significant transformation, as the CEO of an alternative trading platform, Kelly Rodriques, is on a mission to revolutionize this sector. In a bid to counter the challenges facing the initial public offering market, Rodriques has joined forces with Accuidity to unveil the Forge Accuidity
The Tax Cuts and Jobs Act of 2017 (TCJA) introduced significant tax reforms resulting in temporary tax breaks for most Americans. The act included provisions such as lower federal income tax brackets, a higher standard deduction, and an increased child tax credit. These measures were aimed at providing relief to taxpayers across various income brackets.
The Covid-19 pandemic not only exposed the vulnerabilities in the American economy but also highlighted the resilience within certain sectors. Child care, in particular, took center stage as daycares closed, schools shifted to remote learning, and parents struggled to balance work and childcare responsibilities. While employment in the child care sector has slowly recovered post-pandemic,
Cricket, a sport widely popular in many parts of the world, is now gaining momentum in the United States. High-profile CEOs and investors are spearheading the effort to make cricket mainstream in the U.S. by investing nearly a billion dollars in the American professional league, Major League Cricket. Microsoft CEO Satya Nadella, Adobe CEO Shantanu