Bitcoin took a hit in overnight trading, showcasing its ongoing tendency for significant price drops. The world’s largest cryptocurrency, which had been trading above $72,000, plummeted to around $67,000 in a matter of hours, marking a decline of approximately 7%. This sharp decrease in value serves as a reminder that despite gaining mainstream acceptance in
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Calls for a wealth tax on the world’s super-rich are once again gaining attention after U.S. President Joe Biden said he would impose a new “billionaire tax” on the country’s wealthiest if re-elected in November. Outlining his 2025 budget proposals on Monday, Biden took aim at the uber affluent and reiterated plans for a 25%
Recently, there has been an increase in charitable donations, but this surge in giving is accompanied by a concerning trend of a decreasing number of donors. A study conducted by Altrata reveals that ultra-high-net-worth individuals, those with a net worth of $30 million or more, now contribute to a significant 38% of all individual giving
Despite facing challenges and headwinds in recent times, HSBC remains optimistic about the mid- to long-term outlook for the Chinese economy. The growth of China has been hindered by a slowdown in traditional economic sectors such as real estate, infrastructure, and exports. In response, Beijing has intensified its efforts to promote manufacturing and domestic tech
Dick’s Sporting Goods recently announced a 10% increase in their dividend as they celebrated their largest sales quarter in history. Despite benefiting from the 53rd week in fiscal 2023, the company managed to break records during their fiscal fourth quarter even without the extra days. This success can be attributed to their strong execution and
Earning a college degree has long been seen as a worthwhile investment, with recent data from the Federal Reserve Bank of New York highlighting the financial advantages. On average, college graduates working full-time earn significantly more annually than those with only a high school diploma. According to a report by the Georgetown University Center on
Spring is upon us and with it comes a highly competitive rental market for those in search of a new place to rent. According to Zillow Group’s latest Rental Market Report, the average asking rent in the U.S. rose to $1,959 in February. This marks a 3.5% increase from the previous year, showcasing the ongoing
SpaceX, the aerospace company founded by Elon Musk, recently launched the third test flight of its Starship rocket from its Starbase facility near Boca Chica, Texas. This test flight represents a significant milestone in the development of the Starship rocket, as SpaceX aims to push the boundaries of space exploration with this mammoth vehicle. This
The current political landscape in the United States has put a spotlight on proposed tariffs and how they could potentially affect American consumers. Both President Joe Biden and former President Donald Trump have expressed their support for tariffs, which are essentially taxes imposed on imported goods from other countries. This has led policy experts to
Petco announced on Wednesday that CEO Ron Coughlin will be stepping down, with board member R. Michael Mohan taking over as the interim chief executive. Coughlin will be serving as an advisor during this transition period. In his statement, Coughlin expressed pride in the work he’s done over the past five years. Mohan, who has