The semiconductor industry is currently facing a tight labor market, with competition for talent on the rise. This has been further exacerbated by the funding received from the CHIPS and Science Act, aimed at boosting domestic production. Studies have shown that the U.S. chips industry is projected to experience a shortage of 67,000 technicians, computer
In a recent study conducted by Bank of America, it was revealed that young, wealthy investors between the ages of 21 and 43 have a different approach to investing compared to their older counterparts. Rather than sticking to the traditional mix of stocks and bonds, these individuals are increasingly turning towards alternative assets such as
The IRS is currently facing a significant challenge with a growing pileup of tax identity theft cases, which has reached approximately 500,000 unresolved cases as of April. This number has increased from 484,000 cases reported in September, indicating a worsening situation in terms of resolving these issues. Identity theft victims are experiencing extensive delays in
When planning a road trip during the summer season, one of the key considerations for car owners is whether it makes more financial sense to rent a vehicle instead of using their own. There are various factors that come into play when making this decision, such as the capacity of your current vehicle, gas mileage,
In today’s digital age, social media plays a significant role in influencing our decisions, especially when it comes to travel. People are often lured to certain destinations just because they have seen them on social media platforms. The pressure to imitate travel content seen online can lead to financial strain and poor decision-making. According to
In the movie “Thelma,” a 93-year-old grandmother falls victim to a scam call from someone pretending to be her grandson in distress. While this story was dramatized for Hollywood, the threat of such scams is real and pervasive. Last year, imposter fraud resulted in losses of nearly $2.7 billion, according to the U.S. Federal Trade
The recent surge in Samsung Electronics’ stock price to its highest level since January 2021 may not be solely attributable to the explosive demand for artificial intelligence. While the company did report better-than-expected profits for the second quarter and cited increased demand for generative AI as a contributing factor, other aspects of the business may
HBC, the parent company of Saks Fifth Avenue, announced a significant move in the retail industry by acquiring Neiman Marcus Group in a deal worth $2.65 billion. This acquisition will bring together two iconic luxury retailers, creating Saks Global. The newly formed entity will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ department stores,
The hot dog eating world has a new champion, and his name is Patrick Bertoletti. This year’s Nathan’s Hot Dog Eating Contest saw a change in the tide after Joey Chestnut’s departure from the event. The 16-time winner had a falling out with Major League Eating, the organizers of the competition, leading to a more
Women’s soccer is undergoing a transformative shift in ownership structure, unlike any other major U.S. sports league. While leagues like Major League Soccer and the NBA have allowed private equity investors to hold passive, minority stakes, the National Women’s Soccer League (NWSL) is paving the way by permitting these firms to take majority control of