The landscape of private equity investments is evolving, with family offices emerging as key players in this arena. A recent survey by BNY Mellon Wealth Management reveals that a majority of family offices are shifting towards making direct investments in companies. In fact, 62% of family offices made at least six direct investments last year,
The real estate market is abuzz with an array of iconic homes that are currently up for sale. These properties, often tied to a celebrity or famous movie, carry a certain pedigree that attracts buyers willing to pay a premium price for them. This unique appeal is likened to owning a piece of pop culture,
One of the top picks by Wall Street analysts is off-price retailer Burlington Stores (BURL). This week, the company impressed investors with its upbeat results for the first quarter of fiscal 2024 and raised its profit margin and earnings outlook for the full year. Jefferies analyst Corey Tarlowe reaffirmed a buy rating on BURL and
The CEO of an alternative trading platform is looking to change the landscape of private equity investing in response to a slowdown in the initial public offering market. Kelly Rodriques of Forge Global has teamed up with Accuidity to introduce the Forge Accuidity Private Market Index. Their main objective is to provide more investors with
The Tax Cuts and Jobs Act of 2017 brought temporary relief to most Americans with lower federal income brackets, a higher standard deduction, and a more generous child tax credit. However, these tax breaks are set to expire after 2025 unless Congress extends them. This poses a critical issue for the upcoming election, as the
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