Different experts have varying opinions on the current state of the housing market in the latter half of the year. While some like Glenn Kelman, chief executive of Redfin, predict an improvement in the market due to hitting rock bottom in the first quarter of 2024, others like Jeff Ostrowski, a housing analyst at Bankrate.com,
Family offices are increasingly shifting their investment strategies towards becoming their own private equity funds. A recent survey by BNY Mellon Wealth Management revealed that 62% of family offices made at least six direct investments in the previous year. This involved buying stakes in private companies or providing lending directly. Moreover, a staggering 71% of
The U.S. economy seems to have created a clear division between those who have enough and those who do not. This division is also apparent among retirees, with an estimated $84 trillion expected to shift from older to younger generations by 2045. However, despite this massive wealth transfer, there are concerns about a looming retirement
Moderna has made waves in the medical community with its announcement of a combination vaccine that targets both Covid-19 and the flu. This groundbreaking vaccine has shown to be more effective than existing standalone shots for these viruses in a late-stage trial. The implications of this development are significant, as it could potentially revolutionize the
Elliott Management, an activist hedge fund, has recently acquired a significant $1.9 billion stake in Southwest Airlines. This move by Elliott signals its intention to push for leadership changes within the airline, which it believes has fallen from a “best-in-class” status to become one of the biggest laggards in the industry. The fund is seeking
The first stock pick highlighted in the original article is Burlington Stores (BURL), an off-price retailer that impressed investors with its upbeat results for the first quarter of fiscal 2024. The Jefferies analyst, Corey Tarlowe, reaffirmed a buy rating on BURL and increased the price target, citing the company’s ability to deliver robust comparable sales
The real estate market is buzzing with an array of iconic homes that are up for sale, and buyers are willing to pay a premium price to own a piece of pop culture history. This premium, however, is challenging to quantify as uber-wealthy buyers are often ready to shell out exorbitant amounts for homes with
The CEO of an alternative trading platform, Kelly Rodriques, is on a mission to transform the world of private equity investing. Partnering with Accuidity, he introduced the Forge Accuidity Private Market Index earlier this year with a vision to enhance the accessibility of unicorns for a larger pool of investors. In a recent interview on
As the 2025 tax cliff looms, there is a significant amount of uncertainty surrounding the expiration of trillions of dollars in tax breaks that were introduced as part of the Tax Cuts and Jobs Act of 2017 (TCJA). These expiring provisions could potentially lead to a tax increase for the majority of Americans if Congress
The Covid-19 pandemic has undoubtedly had a profound impact on the American economy, bringing both vulnerabilities and resilience to the surface. As day cares closed, schools transitioned to remote learning, and parents struggled to balance work and childcare responsibilities, the child care sector stood at the forefront of these challenges. While employment in the child