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
The recent decision by the Federal Reserve to hold interest rates steady has left many consumers with high credit card debt feeling the pinch. With only one rate cut expected by the end of the year, the likelihood of relief from sky-high interest charges is slim. As interest rates on credit cards are linked directly
Nvidia’s recent surge has caused a major shake-up in the Technology Select Sector SPDR Fund (XLK), forcing it to make some significant changes in its portfolio. The fund, which tracks the Technology Select Sector Index, is now in the process of rebalancing its holdings based on market cap values. As a result, Nvidia will soon
The rate of price increases for food has subsided, but many shoppers are still feeling the burden of high prices in the grocery store aisles. With grocery prices rising 25% since the start of the pandemic, some consumers have had to make sacrifices to afford food. According to Intuit Credit Karma, 28% have sacrificed other
Berkshire Hathaway, known for its investments in a wide range of companies, including its early stake in BYD, has once again decided to trim its holding in China’s biggest electric vehicle maker. This move comes after the conglomerate, led by Warren Buffet, recently sold an additional 1.3 million shares of BYD for $39.8 million. This
Eli Lilly has been experiencing a surge in demand for their weight loss and diabetes treatments, leading to significant growth in revenue and investor optimism. The company’s outgoing Chief Financial Officer, Anat Ashkenazi, has been instrumental in managing this success. However, despite this achievement, Ashkenazi acknowledges that there is still much work to be done.
Singapore, a bustling city-state known for its modern architecture and efficient city planning, has a hidden gem that often goes unnoticed. The colorful and ornate “shophouses” that adorn the streets of some of its older neighborhoods might not be the first thing that comes to mind when one thinks of Singapore, but they hold a
Starboard Value, an activist fund managed by Jeff Smith, has recently acquired a significant stake in Autodesk, a graphics-design firm. The fund has expressed concerns to the company’s board regarding the disclosure of an internal investigation that led to the removal of its chief financial officer. Starboard’s stake in Autodesk is estimated to be around
