In the world of small caps, the recent influx of money may not be a simple rotation from successful growth trades. According to Dave Nadig, an ETF journalist and financial futurist, investors are actively engaging in buying various assets. Rather than simply chasing performance, he believes that it is more of a diversification trade. This
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In 2023, the global population of individuals with a net worth of $30 million or more increased by 8%, reaching a total of 426,330 people. This group, known as ultra-high-net-worth (UHNW) individuals, saw their combined wealth grow by 7% to a staggering $49 trillion. The United States played a significant role in this growth, with
In a recent case out of California, Michelle Mack, the ringleader of a large-scale retail crime operation, has been sentenced to more than five years in state prison for her involvement in stealing millions of dollars in merchandise from major retailers such as Ulta Beauty and Sephora. Mack, along with her husband Kenneth, orchestrated a
Recent years have seen a significant increase in the popularity of so-called paycheck advance programs, also known as earned wage access. These programs allow workers to access their paychecks before payday, typically for a fee. The Consumer Financial Protection Bureau (CFPB) has taken notice of this trend and proposed an interpretive rule stating that these
In response to increasing trade tensions with the United States and other nations, Chinese officials have emphasized the importance of focusing on domestic affairs. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, highlighted three key areas of focus: the stable and healthy development of the real
The Biden administration’s new student loan repayment plan, known as the Saving on a Valuable Education (SAVE) plan, has faced a setback with a federal appeals court temporarily halting its implementation. The St. Louis-based 8th U.S. Circuit Court of Appeals blocked the entire SAVE plan, which was described as “the most affordable student loan plan
Penn Entertainment has recently announced plans to lay off approximately 100 employees as part of its focus on the growth of ESPN Bet. CEO Jay Snowden explained in an internal email that these changes are intended to enhance operational efficiencies following the company’s acquisition of theScore in 2021. Despite employing about 20,000 people, the company
The EV industry has been buzzing with excitement ever since President Joe Biden signed the Inflation Reduction Act in 2022. This act not only provided a $7,500 tax break for consumers who purchase a new electric vehicle but also opened up an interesting loophole for those who choose to lease instead. While the $7,500 tax
In a surprising turn of events, billionaire investor Ken Griffin made headlines by purchasing a late Jurassic stegosaurus skeleton for a staggering $44.6 million at Sotheby’s auction. This marked a historic moment as it became the most valuable fossil ever sold at auction. Griffin, the founder and CEO of hedge fund Citadel, surpassed all expectations
Are you considering transitioning from being a renter to becoming a homeowner? It’s crucial to evaluate your financial readiness before taking this significant step. Many renters may not realize that they could afford to buy a home, according to recent data. In 2022, an estimated 39% of households in the U.S. were renting, with around