In a move to cater to a growing segment of travelers seeking a more comfortable flying experience, Delta Air Lines announced on Monday its plan to introduce premium economy service on transcontinental flights, starting in September. This decision marks the airline’s latest strategy to attract customers willing to pay a premium for additional space and
The current state of the real estate market shows that home equity is reaching near all-time highs, with total equity for U.S. mortgage holders surpassing $17 trillion in the first quarter of 2024. Despite this growth, accessing this wealth may prove to be challenging due to the prevailing high interest rates, financial advisors warn. Homeowners
The housing market is a topic of great debate among experts, with conflicting opinions on its trajectory for the latter part of the year. According to Glenn Kelman, chief executive of Redfin, there is a general consensus that the housing market will show signs of improvement in the upcoming months. However, Jeff Ostrowski, a housing
The U.S. economy seems to have created a division between those who are considered to be the haves and the have-nots, and this segregation extends to retirees as well. According to Cerulli Associates, there is an estimated $84 trillion that will shift from older to younger generations by 2045. However, this wealth transfer may not
In a recent survey conducted by BNY Mellon Wealth Management, it was found that family offices are increasingly moving away from traditional investment models and are now investing directly in companies. The survey revealed that a majority of family offices made multiple direct investments in private companies last year, with an even larger number planning
Southwest Airlines, once considered a “best-in-class” airline, has fallen behind its competitors in recent years according to activist hedge fund Elliott Management. Elliott has taken a bold move by amassing a $1.9 billion stake in Southwest Airlines and is now pushing for significant leadership changes at the airline. The hedge fund is seeking to replace
Moderna, a groundbreaking biotech company, has unveiled a new combination vaccine that addresses both Covid-19 and the flu. This revolutionary vaccine has proven to be more effective than the traditional standalone shots for both viruses. In a late-stage trial, the results were overwhelmingly positive, setting Moderna apart from its competitors like Pfizer and Novavax. The
Amidst the ongoing debate over when the Federal Reserve will decide to lower interest rates, investors are turning their attention to individual stocks that have the potential to weather short-term market pressures and deliver strong long-term returns. Burlington Stores (BURL), an off-price retailer, has caught the eye of Wall Street analysts as a top pick
When it comes to the real estate market, iconic homes with famous connections often come with a premium price tag. Buyers, especially the uber-wealthy, are willing to pay extra for homes linked to pop culture figures or famous movies. Real estate experts like Tomer Fridman and Josh Altman emphasize the uniqueness and rarity of owning
The CEO of an alternative trading platform, Kelly Rodriques, is on a mission to revolutionize private equity investing. His partnership with Accuidity has led to the launch of the Forge Accuidity Private Market Index, aimed at giving more investors easier access to unicorns. Rodriques believes that this initiative signifies a major financial innovation that is