The Covid-19 pandemic not only revealed weaknesses but also resilience within the American economy, particularly in the child care sector. With daycares closing, schools transitioning to remote learning, and parents struggling to balance work and childcare responsibilities, the impact was significant. While the employment rates in the child care sector have returned to pre-pandemic levels,
While cricket may not be the most widely embraced sport in the United States, the landscape is changing as high-profile CEOs and investors are making moves to elevate its status. The Men’s T20 Cricket World Cup, taking place in the U.S. for the first time, has sparked a surge in investment totaling nearly a billion
The financial world was rocked by the news of an $85 million shortfall in funds held by partner banks of fintech middleman Synapse. This discrepancy between what depositors are owed and what the banks actually have on hand has left over 100,000 customers of various fintech companies in limbo, unable to access their savings accounts.
In the midst of a competitive job market and potential financial challenges in the upcoming year 2024, experts are suggesting strategic tax planning as a silver lining for individuals facing lower income levels. Despite the difficulties of prolonged unemployment, there are opportunities to leverage temporary tax benefits that could lead to significant savings in the
In December 2023, Apollo Asset Management Co-President Scott Kleinman made a bold prediction that went against the market’s expectations: he stated that he would be betting against any rate cuts in 2024. This contrarian view has proven to be successful so far, as rates have remained stable. Despite this, the higher interest rates have not
In the latest fiscal first-quarter results, GameStop reported a significant decline in net sales, dropping by 29% from the previous year. The company’s net sales were recorded at $881.8 million, missing the estimates provided by Wall Street analysts. The sales decline was even steeper than anticipated, causing concerns about GameStop’s ability to turn its operations
The U.S. experienced a significant increase in millionaires last year, adding 600,000 new millionaires, contributing to record fortunes at the top echelons. America’s millionaire population soared by 7.3% in 2023, reaching 7.5 million individuals, with their combined fortunes amounting to an impressive $26.1 trillion, representing a 7% increase from the previous year. The definition of
Chinese electric car company Nio is set to expand its operations to the Middle East this year, according to CEO William Li. The nearly 10-year-old company, which recently saw record-high deliveries of 20,544 vehicles in May, plans to introduce its lowest-cost brand, Firefly, in the first half of next year. Nio, which has primarily focused
Real estate has been considered as the best long-term investment by a significant percentage of Americans. Gallup, a global analytics and advisory firm, conducted a survey that revealed about 36% of Americans ranked real estate as the top long-term investment, surpassing stocks, mutual funds, gold, and savings accounts or certificates of deposits. The study highlighted
Joel Anderson, the CEO of discount retailer Five Below, raised concerns about the lingering effects of inflation on consumers, especially those in the lower-income demographic. He noted that the lower-end customers are facing significant challenges due to the rising cost of living. This poses a challenge for companies like Five Below to provide value and