In the realm of asset-protection trusts, Nevada has firmly established itself as a leading jurisdiction. With a combination of factors such as no income taxes, strict secrecy laws, and robust protections against creditors, the state has become an attractive hub for high-net-worth individuals seeking to safeguard their assets. Nevada’s superiority in this area is further
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The recent sharp stock-market selloff due to recession fears has raised concerns among investors. The S&P 500 index experienced a 3% loss, which was the worst in almost two years. Weaker-than-expected job data has fueled these concerns, hinting at a possible downturn in the economy. The Federal Reserve’s goal of achieving a “soft landing” might
The Social Security Administration is currently facing a critical challenge in the form of a record-breaking backlog of open cases. This backlog has led to an estimated $1.1 billion in improper payments to beneficiaries, according to a recent report from the Social Security Administration Office of the Inspector General. As of February, the backlog of
On Monday, the U.S. stock market showed mixed performance, with the S & P 500 and Nasdaq Composite posting gains while the Dow Jones Industrial Average was slightly lower. This fluctuation was attributed to the anticipation of major inflation data later in the week. Investors are awaiting the producer price index (PPI) reading for July
In recent news, Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has made headlines for filing for Chapter 11 bankruptcy protection. This move comes as a surprise to many, as Blink Fitness has over 100 centers in the U.S. and was once seen as a promising player in the fitness
Coach Prime wants consumers to know they can watch DirecTV without a satellite dish. The traditional TV bundle provider, known for satellite dishes on houses and buildings, is rebranding itself in a new ad campaign, “For the Birds,” starring Deion Sanders. The campaign aims to highlight DirecTV as a streaming company, adapting to the changing
General Motors recently unveiled the redesigned versions of its popular entry-level GMC Terrain crossover, showcasing the new standard “Elevation” model. This compact crossover boasts a more rugged exterior design and an upgraded interior equipped with 26 inches of screens, including a 15-inch center touchscreen and an 11-inch driver information cluster. In addition, the vehicle comes
Contrary to the prevailing belief held by a majority of Americans, the U.S. economy has not succumbed to a recession. Despite facing challenges such as inflation and high interest rates, the economy has managed to remain robust. According to a survey conducted by Affirm in June, 59% of respondents falsely perceive the country to be
Restaurant CEOs are fixated on the concept of “value,” constantly referencing it in conversations with investors to explain declining sales and outline strategies for attracting customers in the future. The term has been mentioned repeatedly in conference calls by executives from top companies like McDonald’s, Yum Brands, Papa John’s, and Burger King’s parent company, Restaurant
In the midst of a volatile market, dividend-paying stocks can be a safe haven for investors looking for stability and consistent returns. Health-care giant Pfizer (PFE) stands out as a top dividend stock, offering investors a dividend yield of 5.9%. Pfizer recently announced better-than-expected second-quarter results, driven by its cost-cutting initiatives and strong sales of