The Women’s National Basketball Association (WNBA) has officially announced its latest expansion, adding a 15th team based in Portland, Oregon. This landmark decision signifies not just a milestone for the league but a broader movement towards the elevation of women’s sports in general. Expected to commence play in 2026, the Portland team will be under
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The Federal Reserve has recently taken a notable step toward a more comfortable monetary policy by projecting another interest rate cut by the end of 2024. The implication of this decision is significant for economic activities, particularly in light of anticipations for lower borrowing costs. The central bank’s dot plot, which illustrates the future direction
In the past week, the mortgage market witnessed a notable decline in interest rates, prompting a surge in demand, particularly for refinancing options. As homebuyers and homeowners alike take note of these rate dips, the anticipation surrounding the Federal Reserve’s impending adjustment—its first rate cut in four years—adds another layer of complexity to this evolving
The inheritance of a tax-advantaged account like a pretax individual retirement account (IRA) has always come with its own set of complexities and responsibilities. However, recent changes brought about by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 have introduced significant alterations to the rules surrounding inherited IRAs, necessitating careful planning
In an unexpected yet strategic development, billionaire investor Steve Cohen is transitioning from the daily trading activities at Point72, the hedge fund he rebranded from his former S.A.C. Capital Advisors. This decision marks a significant milestone not only in Cohen’s career but also for the future direction of Point72, which has grown to manage over
Recent discussions indicate that Apple may be considering a significant shift in its credit card operations, specifically in relation to its Apple Card program. The tech giant is reportedly engaging in preliminary talks with JPMorgan Chase to potentially take over management from Goldman Sachs, the current issuer. This development signals a possible transformation in Apple’s
As many Americans face the grim reality of insufficient savings for retirement, the notion of extending their careers often springs to mind. While planning to work longer into one’s golden years is frequently cited as a viable solution to financial insecurity, it may mask profound risks that could derail such intentions. Recent surveys reveal that
The financial landscape is undergoing a seismic shift with the rise of fintech companies that leverage technology to offer financial services. However, this convenience comes with significant risks, as demonstrated by the recent collapse of Synapse, a fintech firm that left thousands of customers locked out of their accounts. The situation has prompted the Federal
The notion of financial independence resonates differently with everyone. For some, it’s the ability to experience life without the mundane constraints of nine-to-five employment; for others, it lies in the freedom to pursue personal passions without being tied to a paycheck. At its core, financial independence signifies having sufficient resources to maintain one’s lifestyle without
In the last decade, the landscape of ultra-wealth has changed dramatically, driven primarily by economic growth in select regions, notably China and the United States. According to a recent report by New World Wealth along with investment migration advisory firm Henley & Partners, the number of individuals classified as centimillionaires—those with investable wealth exceeding $100