The $84 trillion Great Wealth Transfer set to occur in the next decade is poised to have a significant impact on the financial landscape. While millennials and Generation Z are often the focus when discussing inheritances from baby boomers, a new study reveals that it is Generation X that may actually receive the largest windfalls
Potential
Senator Elizabeth Warren has taken aim at Federal Reserve Chair Jerome Powell, accusing him of bowing to pressure from the financial industry. In a letter obtained by CNBC on June 17, Warren expressed her disappointment at reports suggesting Powell’s support for reducing the capital requirements under the Basel III Endgame regulations. Warren specifically called out
The recent announcement of the FDA approval of Merck’s new vaccine, Capvaxive, to protect adults from pneumococcus bacteria is a significant advancement in the field of healthcare. This vaccine is specifically designed to prevent a severe form of pneumococcal disease that can lead to pneumonia, meningitis, and bacteremia. While the importance of protecting adults, especially
Nvidia’s recent explosive growth has caused a stir in the stock market, particularly with the Technology Select Sector SPDR Fund (XLK). This major technology exchange-traded fund is now faced with the daunting task of acquiring more than $10 billion worth of shares of Nvidia while significantly reducing its holdings in Apple. The rebalancing of the
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
Disney and Pixar just had a major win at the box office with the debut of “Inside Out 2,” raking in an impressive $155 million domestically. This marks the second-highest theatrical opening for an animated film, proving that the magic of these two studios is far from fading. Despite challenges faced during the pandemic, this
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
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
As we approach the second-quarter estimated tax deadline for 2024 on June 17, it is crucial to understand the significance of making timely payments to avoid penalties. The IRS mandates that individuals who earn income without withholdings, such as from contract jobs, freelancing, gig economy work, or small businesses, must make quarterly estimated tax payments.