Generation X, also known as the sandwich generation, faces unique challenges when it comes to managing their finances. They are sandwiched between the financial responsibilities of caring for their adult children and aging parents while also planning for their own retirement. This generation has often been overshadowed by the baby boomers and millennials, but they
Barry Sternlicht, the chairman and CEO of Starwood Capital Group, recently made a difficult decision regarding his real estate fund amidst mounting losses and redemption requests. In a recent interview on CNBC’s “Squawk Box,” Sternlicht explained the rationale behind capping the amount of money investors could pull out of the fund. He cited the growing
In an effort to fill high-demand roles across its business, Walmart recently announced that it will be offering new training programs and certifications for positions such as HVAC technicians, opticians, and software engineers. This move is part of Walmart’s strategy to retain market share gains and stay ahead of competitors like Amazon, particularly in the
The Dubai Mall, known for being one of the largest malls in the world, is set to undergo a massive expansion costing an estimated 1.5 billion dirhams ($408 million). This sprawling shopping complex in the United Arab Emirates’ commercial capital is already home to a plethora of stores, food and beverage vendors, entertainment facilities, and
Dollar Tree made headlines recently when it announced its consideration of selling its Family Dollar brand, which has been struggling to compete in the market. This decision comes after the company’s initial plans to close nearly 1,000 Family Dollar stores in an effort to reinvigorate the business. According to the company, they have already seen
Last week, mortgage interest rates reached the highest level since early May, causing a decline in mortgage demand for the second consecutive week. According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume dropped by 5.2% compared to the previous week. This decrease can be attributed to the average contract interest rate
When it comes to saving for retirement, it is crucial to make the most of your employer-sponsored 401(k) plan. While investing in your 401(k) early can boost growth over time, there is a risk of losing money by maxing out your contributions too soon in the year. However, some 401(k) plans offer a unique feature
In a bold move that could potentially shake up the stock market landscape, BlackRock and Citadel Securities are among the investors backing a group that is looking to launch a new national stock exchange based in Texas. This new exchange, known as the Texas Stock Exchange (TXSE), has already raised an impressive $120 million with
In recent times, there has been a noticeable cooling off in the labor market, presenting challenges for individuals seeking new job opportunities. Julia Pollak, chief economist at ZipRecruiter, highlighted the increased competitiveness in job searching, urging job seekers not to lose hope despite the tough conditions. The U.S. Bureau of Labor Statistics reported a decline
In the world of social media, a trend has emerged that glorifies the idea of dating a man in finance. This trend is exemplified in a video posted by content creator Megan Boni, where she jokingly sings about her desire for a wealthy trust fund finance guy on TikTok. The video quickly went viral, garnering