As members of Generation X approach retirement age, they are facing immense pressure when it comes to saving for their golden years. Gen X, born between 1965 and 1980, is caught in a financial dilemma sandwiched between caring for elderly parents and supporting their adult children. According to a 2024 report by Natixis Investment Managers,
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Recent data from the Mortgage Bankers Association showed that while mortgage rates dropped to the lowest level since March, consumer response was lackluster. Despite the decrease in the average contract interest rate for 30-year fixed-rate mortgages, total mortgage application volume only rose by 0.9% compared to the previous week. Interestingly, while refinance demand dropped by
The box office has been missing a vital component – family-friendly films. Despite a few successful hits like “Super Mario Bros.,” the absence of consistent family entertainment has been noticeable. Many family movies either opted for streaming debuts due to the pandemic or were spaced too far apart in release dates to create any significant
The ratings agency Fitch has adjusted its forecast for China’s policy rate cuts, now anticipating that a reduction will not occur until next year. This change in outlook comes as a result of the U.S. Federal Reserve maintaining high interest rates, which has implications for global monetary policy decisions. Fitch’s latest projection suggests that China
Homeownership is often seen as a key way to build wealth that can be passed on from one generation to the next. However, in the United States, more than $32 billion in assessed property values may be at risk due to a little-known issue called heirs’ property. This situation arises when homeowners pass away without
Boeing CEO Dave Calhoun is set to address a Senate panel about the company’s imperfect culture as fresh whistleblower claims come to light just before the scheduled hearing. Calhoun acknowledges that Boeing’s culture is far from ideal, but efforts are being made to address and rectify the issues. The company has been under scrutiny since
Xreal, an Alibaba-backed startup, has introduced the Beam Pro device, revolutionizing the augmented reality (AR) experience for users. The Beam Pro serves as a bridge between AR glasses and Google Play Store apps, offering a virtual mouse-like functionality that opens up a world of possibilities for gaming, movie streaming, and social media interactions. With the
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
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
In 2024, Hong Kong once again secured its position as the world’s most expensive city for expats, according to Mercer. Following closely behind were Singapore and Zurich, making them Asia’s biggest financial hubs. Surprisingly, cities in Switzerland, such as Zurich, Geneva, Basel, and Bern, also claimed spots in the top rankings. Additionally, New York City