In recent times, the concept of “quiet luxury” has made a comeback under a new guise known as old money style. Previously, the quiet luxury trend gained traction after Gwyneth Paltrow’s ski accident trial in March, resonating with consumers even amidst financial challenges. The onset of the new year introduced “loud budgeting” as a counterpoint,
Cleveland Federal Reserve President Loretta Mester recently expressed her anticipation for interest rate cuts within this year. However, she made it clear that the upcoming policy meeting in May would not be the venue for such decisions. Mester highlighted the progress made in terms of inflation and acknowledged the continuous growth of the economy. This
As the April 15 federal tax deadline quickly approaches, taxpayers are reminded to be vigilant against potential scams that aim to steal personal and financial information. In the past year alone, the IRS received over 294,000 complaints of identity theft, resulting in more than $5.5 billion in tax fraud. Despite the ongoing efforts of the
In the latest Economist Intelligence Unit business environment ranking, Singapore once again claimed the top spot as the best place in the world to conduct business. This Southeast Asian nation has maintained its position for the past 16 years, thanks to factors such as political stability and the government’s focus on technological advancement for domestic
Xiaomi, a Chinese smartphone maker, saw its shares skyrocket by 15% as soon as the Hong Kong market opened on Tuesday following the launch of its SU7 electric car just in time for the Easter holiday. This significant increase in share value indicates the high level of interest and excitement surrounding Xiaomi’s latest venture into
The demand for exchange-traded funds (ETFs) among investors is showing no signs of slowing down, and firms that do not currently offer ETF products may be putting their businesses at risk. According to Steve Sachs, the global chief operating officer of Goldman’s ETF Accelerator, the decision not to offer ETFs could result in a significant
The Powerball jackpot has reached an exciting $1 billion, making it the fifth-largest prize in the game’s history. For anyone lucky enough to match all six numbers, there are two payout options available: a lump sum of $483.8 million or annuitized payments totaling $1 billion. It is important to note that both of these amounts
Two directors of Warner Bros. Discovery, Steven Miron and Steven Newhouse, have decided to resign from their positions following a U.S. Department of Justice investigation into a potential antitrust violation. This development comes after both directors were appointed in April 2022 as part of the WarnerMedia and Discovery merger. The investigation is centered around whether
With Macy’s announcing plans to close approximately 150 stores, retail competitors are already strategizing on how to capitalize on this opportunity for growth. Target CEO Brian Cornell and Kohl’s CEO Tom Kingsbury see the department store’s decision to shrink its footprint as a chance to increase their own sales. Off-price chain T.J. Maxx could also
As the cost of attending college continues to rise, many students and families are facing significant financial challenges when it comes to getting a higher education. In light of these difficulties, some colleges are taking steps to make higher education more accessible to students from all economic backgrounds. For example, Vanderbilt University recently announced an