The global population of individuals worth $30 million or more saw an 8% increase in 2023, as reported by Altrata’s World Ultra Wealth Report 2024. The total wealth of these ultra-high-net-worth (UHNW) individuals surged by 7% to reach $49 trillion, primarily driven by a year-end stock rally. Notably, the U.S. experienced a significant growth of
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Paycheck advance programs, also known as earned wage access, have been under scrutiny by the Consumer Financial Protection Bureau (CFPB) in recent times. These programs allow workers to access their paychecks before payday, often for a fee. The CFPB proposed an interpretive rule that categorizes these programs as “consumer loans” subject to the Truth in
Michelle Mack, residing in Bonsall, California, masterminded a large-scale organized retail crime operation that targeted prominent retailers like Ulta Beauty and Sephora. She orchestrated the criminal activities from her lavish 4,500-square foot mansion in the outskirts of San Diego, overseeing a network of around 12 individuals who pilfered millions of dollars’ worth of merchandise. Recently,
Recent statements from top Chinese officials highlight the country’s commitment to prioritizing its own affairs amidst escalating trade tensions with other nations. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized that by focusing on internal affairs, China can ensure the smooth and steady progress of
Penn Entertainment recently announced that it will be laying off approximately 100 employees as it shifts its focus towards the growth of ESPN Bet. This decision comes as the company looks to enhance operational efficiencies following its acquisition of the Canadian media and gaming giant, theScore, in 2021. With a workforce of around 20,000 employees,
A recent ruling by the 8th U.S. Circuit Court of Appeals has put a temporary stop to the implementation of the Biden administration’s new student loan repayment plan, also known as SAVE. This decision has sparked concerns and uncertainties among borrowers who were expecting relief under this plan. The Saving on a Valuable Education (SAVE)
In a surprising turn of events, Ford Motor Company has decided to shift its production focus from all-electric vehicles to its large Super Duty trucks. This decision comes as the company announces plans to expand its production capabilities at a Canadian plant that was originally intended to be converted into an EV hub. With an
Buying a home is a major financial decision that requires careful consideration and evaluation. According to a recent analysis by Zillow, millions of renter households in 2022 would have been able to purchase a home that year. However, many potential homebuyers might not even realize that they are in a position to buy a house.
Buying a new electric vehicle isn’t the only way consumers can access a $7,500 federal EV tax credit. They may also be able to get the money by leasing a car. The Inflation Reduction Act, which President Joe Biden signed in 2022, contained various rules related to consumer tax breaks for EVs. Perhaps the best
Ken Griffin, the billionaire investor and CEO of Citadel, made headlines when he purchased a late Jurassic stegosaurus skeleton at a Sotheby’s auction for a staggering $44.6 million. The purchase marked the most valuable fossil ever sold at auction, far exceeding the initial expectations for the sale. The Remarkable Specimen The stegosaurus, named “Apex,” is