The tungsten market is a critical element in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. China has established itself as the dominant player in the global tungsten supply chain, controlling over 80% of the market. The metal’s importance has led many countries to seek alternatives to reduce their
In a recent report by CNBC’s David Faber, media mogul Barry Diller has shown interest in acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount Global. Diller’s IAC, an internet media and publishing company, has taken steps towards potentially placing a bid on National Amusements. This move could
The Florida Panthers, the reigning National Hockey League Stanley Cup champions, have announced a significant shift in their television broadcasting arrangements. After gaining immense popularity and success in recent years, the Panthers have decided to part ways with the cable TV regional sports network that has been their long-term home. Instead, they have signed a
Recent trends have shown a significant increase in the amount of cash parked in money market funds. This is largely due to the high interest rates offered by these funds, with some investors earning up to 5% annual percentage yields on savings accounts and other low-risk vehicles. However, experts are warning against becoming too comfortable
In recent years, individual retirement accounts (IRAs) have been increasing in size, which has led to potential tax issues for retirees and their heirs. According to the Employee Benefit Research Institute, the median IRA or self-employed Keogh balance was $87,000 in 2022, showing a steady increase from $81,144 in 2019. Additionally, a Fidelity report found
General Motors has recently reported its best quarterly sales in over three years. The Detroit automaker recorded sales of 696,086 for the second quarter, marking a 0.6% increase from the previous year. Notable increases were seen in full-size pickup trucks and all-electric vehicles, with EV deliveries jumping by 40% to 21,930 units. Despite these positive
In a year filled with challenges for college applicants, one crucial factor emerged as the primary influence on students’ decisions – financial aid. The significance of financial aid in college choices cannot be overstated, as it often determines where students will ultimately attend. Even in normal circumstances, the amount of financial aid offered, including grants,
The concept of traveling abroad to experience events that align with personal interests or passions is a growing trend known as passion tourism. While traditional travel may be guided by destinations, passion tourism is driven by events, hobbies, or cultural experiences that hold special meaning to individuals. Recent examples include the Rio Carnival, the North
The Manhattan real estate market is experiencing a shift towards becoming a buyer’s market in 2024. With apartment prices falling and inventory increasing in the second quarter of the year, buyers are gaining more leverage in negotiations. Reports from Douglas Elliman and Miller Samuel indicate that the average real estate sales price in Manhattan decreased
The U.S. Department of the Treasury and IRS have recently released final tax reporting rules for digital asset brokers, and crypto investors are facing the challenge of preparing for these changes within a limited time frame. The new regulations are set to phase in starting in 2026, with significant requirements for brokers to report gross