Cricket may not be as mainstream in the United States as it is in other parts of the world, but that could be changing soon. Some high-profile CEOs and investors, including Satya Nadella from Microsoft and Shantanu Narayen from Adobe, have been actively investing in the growth of cricket in the U.S. These investors are
In a time where the labor market is strong, some individuals may find themselves facing increased competition in their job search. Despite this challenge, experts suggest that prolonged unemployment and reduced income for the year 2024 could actually provide opportunities for effective tax planning. Certified financial planner Jaime Quinones from Stockade Wealth Management in Marlboro,
The recent bankruptcy of fintech middleman Synapse has revealed a significant shortfall in funds, with a gap of $85 million between what partner banks are holding and what depositors are owed. This revelation has sent shockwaves through the U.S. fintech sector, marking it as one of the worst meltdowns since the 2008 financial crisis. More
In December 2023, Scott Kleinman, Co-President of Apollo Asset Management, made a bold prediction by going against the market consensus and betting against any rate cuts in 2024. This contrarian view has proven to be accurate as the year has progressed. Despite the market’s expectations of lower rates, Kleinman remained steadfast in his stance. While
GameStop, a popular video game retailer, recently reported its first-quarter financial results which failed to showcase any signs of operational improvement. The company disclosed a significant decline in net sales, dropping by 29% to $881.8 million from $1.237 billion in the previous year. This decrease in sales was more prominent than what Wall Street analysts
In 2023, the United States saw a rapid increase in the number of millionaires, adding a staggering 600,000 new individuals to the millionaires’ club. This surge in wealth creation propelled the total millionaire population in the U.S. to 7.5 million people, marking a significant 7.3% growth compared to the previous year. According to a report
Chinese electric car manufacturer Nio has announced plans to expand its operations to the Middle East this year. CEO William Li revealed this information during an earnings call, highlighting the company’s goal to increase its global footprint in the face of growing competition. Nio, a nearly decade-old company, is also preparing to introduce its budget-friendly
Real estate has long been considered a favorable long-term investment choice by a significant portion of Americans, with 36% ranking it as the top option in a recent Gallup survey. This preference for real estate over stocks, mutual funds, gold, and savings accounts underscores the emotional connection individuals have with property investments. For those looking
Rivian Automotive has recently unveiled its redesigned all-electric R1 pickup and SUV models, showcasing significant improvements in range, performance, and computing power. While the exterior design of the 2025 model-year vehicles remains largely unchanged, the company has implemented a plethora of upgrades under the hood. Over half of the hardware components have been altered for
Mega backdoor Roth conversions are a strategy that can significantly enhance tax-free retirement savings by bypassing the IRS income limits associated with direct Roth IRA contributions. This approach involves making after-tax contributions to a 401(k) plan and then converting those funds to a Roth account. Unlike traditional backdoor Roth conversions, mega backdoor conversions allow for
