The global supply chain for many essential minerals is heavily dominated by China, including tungsten. Tungsten, a metal that is almost as hard as a diamond and possesses a high energy density, is a crucial material in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. Chipmakers like Taiwan Semiconductor
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The landscape of media acquisitions is ever-evolving, and the latest player to throw their hat in the ring is Barry Diller’s IAC, an internet media and publishing company. Reports have surfaced that Diller is exploring the possibility of acquiring National Amusements Inc., which is the controlling shareholder of Paramount Global. This move could potentially give
Investors have been enjoying high returns on cash investments recently, with savings accounts offering annual percentage yields as high as 5%. However, some experts are cautioning against becoming too comfortable with these safe returns. Callie Cox, the chief market strategist at Ritholtz Wealth Management, pointed out that many investors, particularly younger ones, are over-allocating to
With the median IRA or self-employed Keogh balance rising to $87,000 in 2022, retirees are facing potential tax issues as their retirement savings grow. While it is generally positive to see larger balances in retirement accounts, the increase in pretax IRA balance has the potential to create a tax nightmare for retirees. Certified financial planner
General Motors recently reported its best quarterly sales in over three years, with a notable increase in full-size pickup trucks and all-electric vehicles. The Detroit automaker revealed that its total sales for the second quarter reached 696,086 units, marking a 0.6% increase from the previous year. Despite this positive trend, EV sales only accounted for
As college applicants navigate through the challenging process of choosing a school in 2024, one overwhelming factor appears to be at the forefront of their decision-making process: financial aid. While financial aid has always played a significant role in determining where students choose to attend college, the ongoing issues with the new federal financial-aid application
The Manhattan real estate market is currently experiencing a shift towards becoming a buyer’s market in 2024. Recent reports indicate that apartment prices have fallen while inventory has significantly increased in the second quarter of the year. The average real estate sales price in Manhattan has dropped by 3%, now standing slightly above $2 million.
The U.S. Department of the Treasury and IRS recently announced final tax reporting rules for digital asset brokers, which are set to have a significant impact on crypto investors. These regulations will introduce mandatory yearly reporting beginning in 2026, with digital currency brokers required to cover gross proceeds from sales in the previous year. The
The recent Securities and Exchange Commission filing revealed that meme stock trader “Roaring Kitty,” also known as Keith Gill, has acquired just over 9 million shares of Chewy, equaling a 6.6% stake in the pet food e-commerce retailer. This move catapulted him to the position of the third-largest Chewy shareholder, according to FactSet data. With
The stock market in the United States has seen a significant increase in concentration among just a few companies in recent years. According to a Morgan Stanley analysis, the top 10 stocks in the S&P 500 accounted for 27% of the index at the end of 2023, nearly double what it was a decade earlier.