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
Cricket, although not a mainstream sport in the U.S., has been gaining attention from some high-profile CEOs and investors. The Men’s T20 Cricket World Cup, co-hosted by the U.S. for the first time, has sparked a wave of investments amounting to nearly a billion dollars in the American cricket scene. Among the notable investors are
The financial technology sector is currently in the midst of a major crisis, with an $85 million shortfall in funds causing chaos for customers of various fintech firms. The trustee appointed in the Synapse bankruptcy has revealed that there is a significant difference between the amount of money customers are owed and what the partner
In the current labor market scenario, job seekers are facing increased competition which is leading to uncertainty in terms of job prospects. However, amidst this challenge, there are potential opportunities for tax planning that individuals can leverage. According to experts, prolonged unemployment or lower income for the year 2024 could actually provide a silver lining
In December 2023, Apollo Asset Management Co-President Scott Kleinman made a bold prediction that he would be betting against any rate cuts in 2024. This contrarian view has proven to be successful so far, with Kleinman standing by his decision. Despite the market’s anticipation of multiple rate cuts, he remained steadfast in his belief that
GameStop, a well-known video game retailer, recently reported its fiscal first-quarter results, which left investors disappointed. The company recorded a significant decline in net sales, dropping by 29% compared to the same period the previous year. This decrease was more severe than expected by Wall Street analysts, who had estimated sales to be in a
The U.S. saw a significant increase in its millionaire population in 2023, adding 600,000 new millionaires and boosting the total to 7.5 million people. These millionaires collectively amassed fortunes totaling $26.1 trillion, marking a 7% growth from the previous year. The definition of millionaires by Capgemini encompasses individuals with investible assets exceeding $1 million, excluding
Chinese electric car company Nio is making waves with its plans to expand to the Middle East this year, as announced by CEO William Li. The company, which has been operating for nearly a decade, is gearing up to introduce its lowest-cost brand, Firefly, in the first half of next year. This move comes on
Many Americans consider real estate as the top long-term investment option, as evidenced by a recent Gallup survey. This sentiment is understandable, given the emotional attachment and tangible nature of real estate investments. Unlike stocks and bonds, real estate can evoke strong feelings and be seen as a legacy to pass down to future generations.