In an attempt to level the playing field and provide better opportunities for higher education, Connecticut has implemented various initiatives to increase access to college and reduce the burden of student debt. While the state has a long-standing wealth gap issue, it is striving to make college more affordable and accessible to all its residents.
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A recent gathering at the Omaha Marriott for the Berkshire Hathaway annual meeting turned into a special occasion with the presence of a 24-inch tall bronze bust sculpture of the late Charlie Munger. The statue, which attracted the attention of Berkshire shareholders and special guests, served as a tribute to the investment icon who passed
The Inflation Beneficiaries ETF, designed to profit from higher rates, has caught the attention of Horizon Kinetics’ James Davolos. Despite the possibility of the Federal Reserve cutting rates, Davolos believes that the ETF is well-positioned for the current economic climate. He predicts that inflation will remain between three and five percent, with the Federal Reserve
In a time where the restaurant industry is experiencing a general sales slump and decline in traffic, there are some outliers that have managed to report strong sales growth for this quarter. Companies like Chipotle Mexican Grill, Wingstop, and Sweetgreen have stood out among their peers by catering to high-income consumers. This particular segment of
President Joe Biden’s economic advisor recently addressed the forthcoming discussion surrounding the expiration of trillions of dollars in tax breaks implemented by former President Donald Trump. Without any modifications from Congress, certain provisions from the Tax Cuts and Jobs Act (TCJA) of 2017 will terminate after 2025. These include lower federal income tax brackets, an
When Americans consider purchasing property abroad, there are multiple financial factors to keep in mind. Financing options for homes overseas may differ from those in the U.S., often involving cash outright transactions. If financing is sought, it is crucial to assess the potential exposure to fluctuating interest rates, which are common in foreign countries. Fixed-rate
Recently, Moderna announced that the approval of its vaccine for respiratory syncytial virus (RSV) has been delayed by the Food and Drug Administration (FDA) until the end of May. This delay is attributed to “administrative constraints” within the agency, causing the expected decision date to be pushed back from Sunday to the end of May.
The art market is facing a downturn in terms of sales at major auction houses such as Christie’s, Sotheby’s, and Phillips. It is expected that the key art sales in May will be down from the previous year, with a projected total of $1.2 billion. This amount signifies an 18% decrease from the previous year
Semiconductor Manufacturing International Corporation (SMIC) recently reported a first-quarter profit that fell short of expectations, highlighting the challenges faced by the company in the chip industry. SMIC acknowledged that the competition in the industry has become increasingly fierce, with pricing for commodity products following market trends. This poses a significant challenge for the company as
European companies operating in China are encountering increasing difficulties in maintaining profit margins as growth in the country slows down and overcapacity issues worsen. A survey conducted by the EU Chamber of Commerce in China revealed that only 30% of respondents reported higher profit margins in China compared to their global average, marking an eight-year
