When it comes to purchasing a new home, there are bound to be some financial surprises along the way. Recent surveys have shown that nearly 75% of new homeowners have regrets about their purchase, with one of the most common gripes being property taxes. This can be particularly shocking for those who have bought newly
Brazilian private equity firm 3G Capital has recently made headlines with the quiet sale of its 16.1% stake in Kraft Heinz in the fourth quarter, signaling the end of an era for the company. This move comes nearly nine years after orchestrating the high-profile merger of Kraft Foods and Heinz with Warren Buffett. However, 3G’s
The real estate market in the United States has seen a significant increase in the number of “million-dollar” cities, with a record 550 such areas as of February. This marks an increase of 59 cities from the previous year, surpassing the previous record set in 2022. The rise in million-dollar cities can be attributed to
The Federal Deposit Insurance Corporation (FDIC) recently implemented new requirements for deposit insurance for trust accounts, which may have an impact on depositors with over $250,000 in deposits. While the changes are intended to simplify insurance coverage rules for trust accounts, they may inadvertently push some depositors over FDIC limits. Under the new rules, trust
The IRS recently released an “important update” regarding their Direct File pilot program, which aims to simplify the tax filing process for eligible individuals. This program, available in 12 pilot states, now allows users to import key details necessary to verify their returns before filing. However, there are still limitations and challenges that filers may
The recent solar eclipse brought about an unexpected surge in activity at some of the country’s smaller airports. Typically, disruptions in air travel are caused by bad weather or heavy traffic in major city hubs. However, on Monday morning, airports from Burlington, Vermont, to southern Illinois experienced a different kind of congestion – high demand
President Joe Biden is set to unveil a new plan to forgive student debt, less than a year after his initial attempt was blocked by the Supreme Court. This time around, Biden is aiming to create a plan that will withstand any legal challenges. The new program is more targeted, focusing on specific groups of
U.S. Treasury Secretary Janet Yellen recently highlighted the importance of future discussions between the U.S. and China regarding Beijing’s need to change its policy on industry and the economy. With plans to underscore the need for a shift in policy, Yellen emphasized the significance of addressing issues that impact global trade and economic stability. This
The cities of Denver and Boulder, Colorado, are currently undergoing significant economic transformations fueled by the tech industry. Denver’s skyline is evolving, while Boulder’s gross domestic product is on the rise. The growth in these cities can be attributed to various factors such as a strong military presence, renowned universities, and a focus on high-tech
In his recent letter to shareholders, Jamie Dimon, the CEO and chairman of JPMorgan Chase, emphasized the profound impact that artificial intelligence (AI) will have on society. Dimon highlighted the significance of AI as a major issue facing the banking industry, surpassing concerns about geopolitical risks, recent acquisitions, and regulatory matters. Dimon expressed uncertainty about