Owning a home is often seen as a way to build wealth and pass it on to future generations. However, the issue of heirs’ property poses a significant threat to this wealth transfer. When homeowners die without a will and informally leave property to multiple descendants, it can lead to a complex situation where the
admin
XReal, an Alibaba-backed startup, has recently launched a new Android mobile device called the Beam Pro that allows users to enjoy games and movies on Google Play Store apps in three dimensions when used with augmented reality (AR) glasses. This latest product is a significant step in the AR space, especially after Google retired its
Generation X, typically defined as individuals between the ages of 44 and 59, has been largely overlooked in discussions about the impending Great Wealth Transfer. As baby boomers prepare to pass down their fortunes to the next generation, it is clear that Gen Xers stand to benefit the most in the near term. According to
Warren Buffett’s investment firm, Berkshire Hathaway, has been steadily increasing its stake in Occidental Petroleum over the past nine trading sessions. This accumulation of shares has pushed Berkshire’s ownership in the Houston-based oil and gas producer to nearly 29%, as revealed by regulatory filings. From June 5 to the present day, Berkshire Hathaway has been
Boeing CEO Dave Calhoun is set to address a Senate panel regarding the imperfections in the company’s culture, admitting that there is much room for improvement. The acknowledgment comes as fresh whistleblower claims have emerged just before the hearing, alleging mishandling of defective parts within the company. Calhoun, who has announced his intention to step
Senator Elizabeth Warren recently accused Fed Chair Jerome Powell of prioritizing the interests of the financial industry over the well-being of the American public. In a scathing letter obtained by CNBC, Warren expressed disappointment in Powell’s alleged advocacy for slashing the increase in capital requirements for large American banks under the Basel III Endgame proposals.
The recent Food and Drug Administration (FDA) approval of Merck’s new vaccine, Capvaxive, marks a significant breakthrough in protecting adults from a bacteria known as pneumococcus. This bacteria can lead to serious illnesses, including pneumonia, making the development of an effective vaccine crucial for public health. Capvaxive is designed to specifically protect against 21 strains
Hong Kong has once again been named the most expensive city for expats to live in, according to Mercer’s Cost of Living City Ranking 2024. Following closely behind Hong Kong are Singapore and Zurich. These cities continue to maintain their positions as Asia’s biggest financial hubs, making them costly for international workers. Cities in Switzerland,
The U.S. Department of the Treasury and the IRS have recently introduced a plan to address a significant tax loophole that has been exploited by large, complex partnerships. The loophole in question involves “related party basis shifting,” where businesses operating through multiple legal entities manipulate original purchase prices on assets to minimize their tax obligations.
Car payments have been on the rise lately due to a combination of factors such as high prices and high interest rates. According to industry insiders, while there may be some relief in the near future, prices are likely to remain high for an extended period of time. As of May, the average monthly car
