Investors have traditionally relied on cash as a safe haven, especially during times of economic uncertainty. However, with interest rates at historic lows and the lure of 5% annual percentage yields on savings accounts, many are becoming complacent with the returns they are receiving. While the safety and stability of cash cannot be denied, experts
Individual retirement accounts (IRAs) are seeing an increase in size, with the median IRA balance reaching $87,000 in 2022, up from $81,144 in 2019. This growth poses potential tax challenges for retirees and their children who inherit these assets. A report from the Employee Benefit Research Institute revealed that a considerable portion of IRA assets
The Florida Panthers, the National Hockey League Stanley Cup champions, have made a significant move by signing a new multiyear broadcasting deal with E.W. Scripps. This deal marks a departure from their previous home on cable TV regional sports network and highlights a shift towards local broadcast networks in the sporting world. As more consumers
General Motors has reported its best quarterly sales in over three years, showcasing significant increases in both full-size pickup trucks and electric vehicles. The Detroit-based automaker revealed that in the second quarter, sales reached 696,086 units, marking a 0.6% increase from the same period last year. This is the highest number of units sold by
Amidst a challenging year for college applicants, the issue of financial aid has taken center stage in determining which school to attend. The significance of financial aid in the college decision-making process cannot be understated. According to a survey conducted by Ellucian and EMI Research Solutions in March, 76% of students cited the amount of
Taylor Swift’s popularity has transcended borders, attracting fans from all over the world, particularly Americans, to embark on international travel to attend her concerts. This phenomenon, known as passion tourism, is a growing trend in the travel industry. Travel experts have noticed a significant increase in Americans traveling abroad to see Taylor Swift in concert,
The real estate market in Manhattan seems to be shifting towards a buyer’s market as apartment prices experienced a notable decline in the second quarter of 2024. Reports from Douglas Elliman and Miller Samuel indicate that the average sales price for real estate in Manhattan dropped by 3% to slightly over $2 million. Additionally, the
The U.S. Department of the Treasury and IRS have recently announced final tax reporting rules for digital asset brokers, and this has significant implications for crypto investors. With mandatory reporting set to begin in 2026, investors have limited time to prepare for these new regulations. The new regulations will require digital currency brokers to cover
The unemployment rate in the United States has been relatively low, with 30 months at or below 4%. However, there is a population of individuals known as NEETs, which stands for “not in employment, education, or training,” who are opting out of the labor force due to discouragement from their economic circumstances. These NEET individuals
A federal appeals court recently made a decision to allow a vital part of President Joe Biden’s student loan relief plan to proceed while legal challenges are ongoing. The 10th Circuit U.S. Court of Appeals granted the Biden administration’s request to stay an order that had temporarily blocked a provision of the Saving on a