Energy efficiency is becoming an increasingly important topic across the United States, with new rebate programs being introduced to incentivize homeowners to make upgrades to their properties. The federal Inflation Reduction Act, signed into law by President Joe Biden in 2022, allocated $8.8 billion for consumers through two Home Energy Rebates programs. These financial incentives
admin
As the older members of Generation X approach retirement age, the looming pressure of saving enough money for a comfortable retirement is becoming increasingly concerning. A report from Natixis Investment Managers revealed that 48% of Gen Xers believe they will not have sufficient funds to enjoy their retirement. Additionally, 31% fear that they will never
Recent data shows that the latest drop in mortgage rates did not impress consumers as expected. Despite a 0.9% increase in total mortgage application volume, the response was lackluster. The average contract interest rate for 30-year fixed-rate mortgages decreased to 6.94% from 7.02%, which is the lowest level since March. However, this drop did not
Ratings agency Fitch has adjusted its expectations regarding China’s policy rate for the upcoming years. Initially, Fitch predicted a rate cut for this year, but due to the current high-interest rates maintained by the U.S. Federal Reserve, they have shifted the forecast to next year. This change in prediction reflects the impact of external factors
In the year 2024, the box office industry has seen a significant revival with the resurgence of family-friendly films in cinemas. After a period of low ticket sales and sparse family movie releases, the arrival of a steady stream of new movies has reinvigorated the box office. This trend has given movie theater operators hope
The United Arab Emirates is projected to maintain its position as the world’s premier destination for attracting high-net-worth individuals for the third consecutive year. Recent research conducted by Henley Private Wealth Migration Report indicates that the UAE is on track to welcome a staggering 6,700 millionaires from across the globe by the end of 2024.
In a significant move for the British fintech firm Zilch, the company announced on Wednesday that it has successfully raised $125 million in debt financing from German banking giant Deutsche Bank. This deal marks a turning point for Zilch as it positions itself to triple its sales in the upcoming years and advance towards an
Boeing CEO Dave Calhoun is set to address a Senate panel regarding the company’s less than perfect culture as new whistleblower allegations emerge just ahead of the hearing. Calhoun, who is planning to step down before the year ends, will face questioning from the Senate Permanent Subcommittee on Investigations. These allegations come as Boeing strives
The issue of heirs’ property, where homeowners die without a will and informally leave property to multiple descendants, has far-reaching consequences on wealth transfer. With more than $32 billion in assessed values of U.S. property at stake, these non-formal ownership arrangements can lead to a host of challenges. Not having a clear legal title can
The $84 trillion Great Wealth Transfer set to take place over the next 10 years is expected to have a significant impact on various generations, with Generation X emerging as a major beneficiary. Contrary to popular belief, millennials and members of Generation Z may not be the primary recipients of inheritances from baby boomers, as