The Covid-19 pandemic has exposed both vulnerabilities and resilience within the American economy, particularly within the child care sector. As day cares closed, schools transitioned to remote learning, and parents struggled to balance work and childcare responsibilities, the entire system came under immense strain. While employment in the child care industry has begun to recover
Cricket has never been considered a mainstream sport in the United States, unlike in other parts of the world. However, with the Men’s T20 Cricket World Cup being co-hosted by the U.S. for the first time, there has been a surge in interest from high-profile CEOs and investors to change the narrative surrounding the sport
The recent bankruptcy of Synapse, a fintech middleman, has uncovered a disturbing fact – there is an $85 million shortfall between what partner banks are holding and what depositors are owed. Trustee Jelena McWilliams revealed that customers of fintech firms that utilized Synapse to connect with banks had $265 million in balances, while the banks
In a challenging job market, some applicants are encountering fierce competition. However, despite the difficulties, experts suggest that prolonged unemployment and reduced income in 2024 could provide opportunities for tax planning. Certified financial planner Jaime Quinones of Stockade Wealth Management in Marlboro, New Jersey, points out that a job layoff can lead to a temporary
In December 2023, Scott Kleinman, Co-President of Apollo Asset Management, made a bold statement by predicting that there would be no rate cuts in 2024. This prediction went against the market consensus at the time, which was pricing in six or more rate cuts. Surprisingly, Kleinman’s contrarian view turned out to be accurate, as there
The United States experienced record growth in millionaires in 2023, according to a report from Capgemini. The millionaire population in the U.S. grew by 7.3% to reach 7.5 million people. Their combined fortunes skyrocketed to $26.1 trillion, marking a significant 7% increase from the previous year. Notably, the fortunes of individuals at the very top
GameStop, the video game retailer, recently reported its fiscal first-quarter results, and the numbers paint a grim picture. The company posted net sales of $881.8 million for the period, which marks a significant decline of 29% from the previous year. This decline was even worse than what Wall Street analysts had predicted. The company also
Chinese electric car company Nio is making waves in the electric car market with its plans to expand to the Middle East. This move comes at a time when global competition is heating up, and Nio is looking to capitalize on its success in the Asian market by entering new territories. CEO William Li announced
There is a common belief among Americans that real estate is the best long-term investment option. According to a recent survey conducted by Gallup, about 36% of Americans ranked real estate as their top choice for long-term investing, surpassing stocks, gold, and savings accounts. This sentiment is often tied to the emotional appeal of real
The PGA Tour and the Saudi-backed LIV Golf have been engaged in extensive discussions and negotiations, with contributions from key figures such as Rory McIlroy, Tiger Woods, and John Henry. The talks between the two entities have been described as “extremely active,” indicating a high level of involvement and commitment from both sides. These discussions