The ongoing Murdoch family feud unfolding in a Nevada court has shone a spotlight on the state’s emergence as a hub for family trusts and a sanctuary for the world’s wealthiest individuals. Nevada is now recognized as the leading state in the U.S. for asset-protection trusts, thanks to its attractive combination of no income taxes,
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The recent sharp stock market selloff has been primarily driven by recession fears, with the S&P 500 index experiencing its worst loss in almost two years on Monday. The weaker-than-expected job data released on Friday has further exacerbated concerns about the stability of the U.S. economy. This has led to speculation that the Federal Reserve
The Social Security Administration is currently facing a significant backlog of open cases, leading to an estimated $1.1 billion in improper payments to beneficiaries. This issue has been identified in a recent report from the Social Security Administration’s Office of the Inspector General. The backlog of pending actions has reached a record high of 5.2
On Monday, the CNBC Investing Club with Jim Cramer provided a recap of the key moments during the “Morning Meeting” livestream. The U.S. stock market showed mixed results as Wall Street prepared for major inflation data to be released later in the week. The S & P 500 and Nasdaq Composite saw gains of 0.4%
Blink Fitness, a subsidiary of Equinox Group, has recently made headlines for filing for Chapter 11 bankruptcy protection. With over 100 fitness centers in the U.S., Blink Fitness is joining the ranks of other gym chains that have faced financial difficulties post-pandemic, including New York Sports Club, 24 Hour Fitness, and Gold’s Gym. The company
Despite the consistent strength of the U.S. economy, a significant portion of Americans hold a misguided belief that the country is currently in a recession. According to a survey conducted by Affirm, 59% of adults think that a recession began around 15 months ago and could last until 2025. This perception is fueled by rising
General Motors recently debuted the redesigned versions of its GMC Terrain crossover, showcasing a new standard “Elevation” model. The compact crossover has been revamped to include a more rugged exterior design, appealing to consumers looking for a versatile and stylish vehicle. In addition to the exterior enhancements, the interior has been upgraded with 26 inches
DirecTV, a company synonymous with satellite dishes perched atop roofs, is making a bold statement with its new ad campaign featuring NFL star Deion Sanders. The focus of the campaign is clear: DirecTV is now a streaming company as well. With the rise of streaming services and the decline of traditional pay TV, DirecTV is
In the competitive world of the restaurant industry, CEOs have recently been fixated on one word in particular: value. This term has been repeatedly emphasized in quarterly conference calls by top executives from companies like McDonald’s, Yum Brands, and Papa John’s. The reason behind this obsession is clear – customers are increasingly conscious of their
The first dividend stock highlighted by Wall Street analysts is Pfizer (PFE), a health-care giant with a dividend yield of 5.9%. The company recently announced strong second-quarter results, showcasing the effectiveness of its cost-cutting initiatives and the solid sales performance of its non-COVID products. As a result, Pfizer raised its full-year guidance, reflecting the robust