In a world where inflation is expected to range between three to five percent, investors are constantly seeking ways to adjust their portfolios to thrive in this environment. With the Federal Reserve prioritizing the economy and employment over containing inflation, traditional investment strategies may no longer be effective. Horizon Kinetics’ James Davolos believes that the
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In an effort to address the income gap and improve access to higher education, the state of Connecticut has implemented several programs to pave the way for college attendance and alleviate student debt. While these initiatives aim to level the playing field and provide opportunities for underserved communities, their impact and effectiveness remain questionable. One
In the midst of a broader consumer slowdown impacting the restaurant industry, fast-casual chains like Chipotle Mexican Grill, Wingstop, and Sweetgreen have reported strong sales, largely driven by high-income consumers. While other eateries have experienced a slump in sales and decline in traffic as customers tighten their spending, fast-casual chains have managed to buck the
A 24-inch tall, bronze bust sculpture of the late Charlie Munger sparked conversations among guests staying at the Omaha Marriott during the Berkshire Hathaway annual meeting last weekend. The hotel, located next to Berkshire-owned jewelry store Borsheims, was a favorite spot for the investment icon whenever he visited his hometown and the Berkshire headquarters of
The ongoing debate over expiring tax breaks enacted by former President Donald Trump has taken center stage in discussions regarding the country’s economic future. President Joe Biden’s top economic advisor, Lael Brainard, recently outlined plans to address the looming expiration of several provisions from the Tax Cuts and Jobs Act of 2017. With the current
As the world becomes more interconnected, many Americans are considering purchasing real estate overseas. According to the latest Trend Report by Coldwell Banker Global Luxury, nearly 40% of U.S. millionaires are planning on buying a home abroad within the next year. Additionally, two-thirds of respondents are looking to purchase a property outside of the U.S.
The art market is experiencing a decline in auction sales as wealthy buyers and collectors take a step back from the frenzied prices seen in recent years. Major auction houses, including Christie’s, Sotheby’s, and Phillips, are projected to have total sales of $1.2 billion for the upcoming two weeks, representing an 18% decrease from last
European companies in China are grappling with a range of challenges as the country’s economic growth slows down and overcapacity issues rise. According to a recent survey by the EU Chamber of Commerce in China, businesses are finding it harder to turn a profit in the country. In major cities like Shanghai, companies have even
Chinese electric vehicle maker Zeekr has made headlines with its successful initial public offering (IPO) priced at $21 a share, at the top end of its range. The company is set to sell 21 million American depository shares, raising an impressive $441 million when it begins trading on the New York Stock Exchange under the
Arm, a British chip designer, experienced a drop of over 2% in its shares on Thursday due to disappointing revenue forecasts. Despite a strong sales quarter driven by the surging demand for artificial intelligence applications, the lackluster revenue outlook left investors underwhelmed. Arm reported a stellar fiscal fourth-quarter revenue of $928 million, representing a 47%