Media mogul Barry Diller has recently emerged as a potential suitor for Paramount Global. Diller, who is the chairman of IAC, an internet media and publishing company, is exploring the possibility of acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount. Diller’s IAC has signed a nondisclosure agreement
General Motors recently reported its best quarterly sales in over three years, signaling positive growth for the Detroit automaker. Sales reached 696,086 units in the second quarter, a 0.6% increase from the previous year. Notable increases were seen in full-size pickup trucks and all-electric vehicles, with EV deliveries jumping by 40% to 21,930 units. Despite
Amidst the challenges faced by college applicants in 2024, one factor emerged as the primary influencer when it came to choosing a school: financial aid. While financial aid has always played a crucial role in college decisions, this year, issues with the new federal financial aid application process have heightened its significance. The delays in
Passion tourism, a trend that revolves around people’s personal interests and cultural events, is on the rise among Americans. The recent example of Americans traveling abroad to attend Taylor Swift concerts highlights the growing interest in combining travel with passion. From London to Amsterdam, fans are making an effort to see their favorite artist perform
The Manhattan real estate market is experiencing a shift towards becoming a buyer’s market, with apartment prices falling and inventory rising in the second quarter of 2024, as per recent reports. The average real estate sales price in Manhattan has dropped by 3%, settling just above $2 million. Similarly, the median price has decreased by
In today’s economy, despite the unemployment rate remaining at a near record low, there are still individuals who are not in employment, education, or training, known as NEETs. This group of individuals is opting out of the labor force, often due to discouragement from their economic standing. Young adults, especially those between the ages of
The U.S. Department of the Treasury and IRS recently unveiled final tax reporting regulations for digital asset brokers, which has implications for the crypto market. The rules will gradually come into effect, starting in 2026, with mandatory annual reporting requirements for gross proceeds from sales. This move is aimed at enhancing tax compliance for high-income
In recent years, the U.S. stock market has seen a significant increase in concentration, with a handful of companies dominating the market. The S&P 500, considered the most popular benchmark for U.S. stocks, is a perfect illustration of this trend. The top 10 stocks in the S&P 500, which have the largest market capitalization, accounted
Chewy’s shares saw a surge in value after it was revealed in a Securities and Exchange Commission filing that meme stock trader Keith Gill, also known as “Roaring Kitty”, had acquired over 9 million shares of the pet food e-commerce retailer. This purchase represented a 6.6% stake in the company, making Gill the third-largest shareholder
President Joe Biden’s student loan relief plan, known as the Saving on a Valuable Education (SAVE) plan, has faced legal challenges that have resulted in preliminary injunctions from federal judges in both Kansas and Missouri. These injunctions have temporarily blocked key provisions of the plan, preventing the Biden administration from fully implementing its initiatives to
