The COVID-19 pandemic has had a profound impact on economies worldwide, and its effects on wealth distribution have been no exception. Recent research from the New York Federal Reserve reveals a striking trend – younger generations have experienced a significantly faster growth in wealth compared to their older counterparts. The driving force behind this surge?
Business
Phoenix Suns owner Mat Ishbia is embarking on an ambitious venture that seeks to blend his diverse investments in sports, entertainment, and real estate into one cohesive entity. This groundbreaking movement is being heralded by the formation of the Player 15 Group, a powerful investment and holding company that aims to unite various enterprises under
Tiger Woods, the legendary golfer, and TaylorMade, the renowned golf company, have recently announced their collaboration on a new apparel and footwear performance and lifestyle brand. The brand, named Sun Day Red, is a significant move for Woods, as he aims to establish a brand that he can be proud of following his split with
In a surprising move last week, Jeff Bezos, the world’s richest person, managed to avoid paying state taxes on his $2 billion stock sale. While Bezos had announced his relocation to Miami in 2021, the recent sale and its tax implications shed light on the strategic nature of his decision. Although he cited being closer
As the travel industry rebounds from the lows of the pandemic, travelers are exploring alternatives to air travel and turning to trains. The advantages of train travel, such as affordability, increased legroom, and environmental friendliness, are driving people to choose Amtrak, the government-backed U.S. rail service. This article examines the reasons behind this shift and
Amidst the opulent world of luxury real estate, a new contender has emerged – Gordon Pointe. This awe-inspiring estate, situated in the affluent enclave of Port Royal in Naples, Florida, has just hit the market with a staggering price tag of $295 million. Boasting approximately 9 acres of prime land on the Gulf Coast, the
PepsiCo, one of the world’s leading food and beverage companies, recently reported its quarterly results, which left investors disappointed. The company’s earnings per share came in at $1.78 adjusted, falling short of the $1.72 expected by Wall Street analysts. Similarly, PepsiCo’s revenue of $27.85 billion fell below expectations of $28.4 billion. As a result, the
Spirit Airlines, a budget carrier in the United States, has faced numerous challenges in recent times that have taken a toll on its financial performance. However, its CEO remains optimistic about the company’s future, citing improvements in the domestic air travel market. This article explores the struggles faced by Spirit Airlines and the measures the
In an exciting development for sports fans, Walt Disney’s ESPN, Fox, and Warner Bros. Discovery have announced their plans to launch a joint sports streaming service this fall. This collaboration will give consumers a fresh, innovative way to access marquee live sports, marking a significant shift in the media landscape. The platform, owned by a
Ford Motor, the American automaker, exceeded Wall Street’s estimates for both its fourth-quarter financials and its 2024 forecasts. The company’s projections for 2024 include impressive figures, such as adjusted earnings before interest and taxes (EBIT) of $10 billion to $12 billion, adjusted free-cash flow of $6 billion to $7 billion, and capital spending ranging from