In today’s volatile market environment, investors are constantly seeking ways to diversify their portfolios and manage risks effectively. One recommended strategy, as suggested by Joanna Gallegos, co-founder and CEO of BondBloxx, is to prioritize income and high-yield bonds. By incorporating fixed income into their investment strategy, investors can create a more balanced portfolio that is
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The unemployment rate increase in July has raised concerns among economists, particularly regarding marginally attached workers. These workers, as defined by the Bureau of Labor Statistics, are individuals who are available for work and desire employment but have not actively sought a job in the four weeks leading up to the survey. The fear is
India is experiencing a significant increase in ultra high net worth individuals (UHNWIs) with projections indicating the fastest growth globally in the coming years. Mumbai, as India’s financial capital, has surpassed Beijing to become Asia’s leading billionaire hub, ranking third globally in billionaire count after New York and London. The UHNWI population in India saw
Berkshire Hathaway’s cash pile is on track to surpass $200 billion, which is more than Hungary’s total annual gross domestic product. This is a significant increase from the previous record of $189 billion that was set in the first quarter. This unprecedented cash hoard comes at a time when CEO Warren Buffett has been selling
DraftKings, one of the leading mobile betting platforms in the U.S., has recently announced its decision to introduce a gaming surcharge on winning bets in states with high sports betting tax rates. This move is aimed at maximizing profits and ensuring the company’s sustainability in the increasingly competitive sports betting landscape. Taxation Strategy for Boosting
When analyzing Vice President Kamala Harris’ personal financial records, experts have observed that she and her husband have maintained a relatively simple financial strategy throughout her years in public office. While this approach may seem prudent on the surface, it has led to missed opportunities for optimizing tax savings and maximizing financial growth. The couple’s
Berkshire Hathaway’s cash reserve grew to a staggering $276.9 billion in the last quarter, breaking its previous record of $189 billion. This increase was partly due to Warren Buffett’s decision to sell off a significant portion of his stock holdings, including shares in Apple. This move seems to suggest caution on the part of Berkshire
Job seekers have been feeling the strain of the labor market, with concerns rising about the current state of employment in various sectors. The U.S. labor market, according to Nick Bunker from Indeed Hiring Lab, is showing signs of trouble as yellow flags transition to red. This shift is evident in the latest job report,
In a groundbreaking move, Morgan Stanley has announced that it will allow its financial advisors to offer bitcoin ETFs to eligible clients, making it the first major Wall Street bank to do so. This decision marks a significant milestone in the mainstream adoption of bitcoin by the finance industry, signaling a shift towards embracing digital
In an effort to revitalize Singapore’s stock market, the Monetary Authority of Singapore has established a task force to address the challenges faced by the city-state’s equities market. The task force aims to enhance market vibrancy, attract more listings, and boost investor confidence. The Current State of Singapore’s Stock Market Despite the Straits Times Index