Wealth transfer from one generation to the next through homeownership is a crucial aspect of building financial stability and security within families. However, issues such as heirs’ property and appraisal bias can significantly impact the ability of individuals to pass on their property and accumulate wealth. According to estimates, more than $32 billion in assessed
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Boeing CEO Dave Calhoun admitted to a Senate panel that the company’s culture is far from perfect, just hours before facing fresh whistleblower claims alleging mishandling of hundreds of defective parts. This revelation comes as the company is still recovering from the fallout of two fatal crashes and is working to improve employee training, aircraft
Generation X, defined as individuals between the ages of 44 and 59, has been largely overshadowed in discussions about the upcoming Great Wealth Transfer. While the spotlight has been on millennials and Generation Z, it turns out that Gen Xers are poised to receive the largest windfalls in the near future. According to Wealth-X, the
In the past year, American workers have experienced a significant increase in their buying power due to falling inflation rates and a robust job market. Real hourly earnings in the private sector rose by 0.8% from May 2023 to May 2024, according to the U.S. Bureau of Labor Statistics. This growth in real earnings indicates
Xreal, the Alibaba-backed startup, has recently unveiled their latest product, the Beam Pro, which promises to revolutionize the way we interact with augmented reality (AR) technology. This innovative device functions as a virtual mouse, connecting to AR glasses and providing access to popular Google Play Store apps for gaming, movie streaming, and social media. The
Warren Buffett’s Berkshire Hathaway has been steadily increasing its stake in Occidental Petroleum over the past nine trading sessions. With purchases made each trading day from June 5th, Berkshire now holds almost 29% of the Houston-based oil and gas producer. This recent surge in purchases has brought their total holding to over 255 million shares,
Senator Elizabeth Warren has called out Federal Reserve Chair Jerome Powell for allegedly advocating for changes to regulations that would benefit the financial industry. Warren has accused Powell of doing the bidding of big bank CEOs by considering slashing the increase in capital required under the Basel III Endgame proposals. Last year, three U.S. banking
In 2024, Hong Kong retained its title as the most expensive city for expats to live in, according to the Mercer Cost of Living City Ranking. This comes as no surprise, as Asia’s major financial hubs, such as Singapore and Zurich, also clinched top spots on the list. Cities in Switzerland dominated the rankings, with
Merck has recently received approval from the Food and Drug Administration for its new vaccine, Capvaxive. This vaccine is designed to protect adults from a bacteria known as pneumococcus, which can lead to serious illnesses such as pneumonia. Capvaxive specifically targets 21 strains of the bacteria, offering a more comprehensive protection against pneumococcal disease than
The latest government inflation data indicates that the rate of price increases for food has slowed down in recent months. However, despite this, the majority of American shoppers still feel overwhelmed by the high prices they encounter in grocery stores. According to a report by Intuit Credit Karma, 80% of Americans have experienced a significant