Manhattan is currently experiencing a significant shift in its real estate market dynamics, with apartment prices declining and inventory on the rise in the second quarter of 2024. Reports suggest that the average sales price of real estate in Manhattan has fallen by 3%, with the median price also seeing a 2% decrease. Notably, prices
The U.S. Department of the Treasury and IRS recently announced final tax reporting rules for digital asset brokers, setting the stage for significant changes in the world of cryptocurrency investing. These regulations, which will come into effect starting in 2026, aim to improve compliance and crack down on tax evasion in the high-risk space of
The unemployment rate has seen a significant decrease, with 30 months at or below 4%, which is close to a record low. However, not everyone who desires a job has one. A group known as “NEETs,” or individuals not in employment, education, or training, are choosing to remain out of the labor force due to
President Joe Biden’s student loan relief plan, known as the Saving on a Valuable Education (SAVE) plan, has faced legal challenges recently. However, a federal appeals court decision from the 10th Circuit U.S. Court of Appeals has allowed a key provision of the plan to resume. This decision is seen as a major win for
Recent years have shown a significant dominance of a few large companies in the U.S. stock market. The concentration of the market raises concerns among experts about whether this trend exposes investors to higher risks. This is evident in the S&P 500, the key benchmark for U.S. stocks, where the top 10 companies by market
The stock market recently witnessed a surge in Chewy shares after meme stock trader “Roaring Kitty,” also known as Keith Gill, disclosed his purchase of over 9 million shares, representing a 6.6% stake in the pet food e-commerce company. This significant investment catapulted him to the position of the third-largest shareholder in Chewy, with his
Boeing recently announced its plans to acquire Spirit AeroSystems, a struggling fuselage maker, in an all-stock deal. The move is aimed at improving safety and quality control within the aerospace company. The deal, valued at $8.3 billion, will involve Boeing paying $37.25 a share in Boeing stock for Spirit. This acquisition comes on the heels
As estimates show, millennials are on track to become the wealthiest generation in history, with a projected $90 trillion wealth transfer over the next two decades. However, the question arises: are millennials prepared to handle the significant influx of money? Despite being set to inherit astounding wealth from the silent generation and baby boomers, concerns
When it comes to planning for retirement, many financial experts emphasize the need to keep an eye on your savings rate and the total amount in your nest egg. However, one crucial factor that often gets overlooked is your life expectancy. The uncertainty surrounding how long you will live can be uncomfortable and challenging to
Disney and Pixar’s “Inside Out 2” has achieved a remarkable milestone by joining the exclusive billion-dollar club. With a worldwide tally of $1.014 billion as of Sunday, the animated feature has become the highest-grossing film of 2024. This achievement marks a significant triumph for the film industry, particularly in the aftermath of the pandemic. The