As the COVID-19 pandemic hit the world, its economic repercussions have been felt by people of all age groups. However, a recent study conducted by the New York Federal Reserve has shed light on a rather surprising finding: younger generations in America have seen their wealth grow at a significantly faster rate compared to older
Business
When it comes to sports and entertainment investments, Phoenix Suns owner Mat Ishbia is making waves with his latest venture. Introducing Player 15 Group, a newly formed investment and holding company that aims to unify Ishbia’s various business interests. Announced on Wednesday, this groundbreaking venture will encompass the beloved National Basketball Association (NBA) team, Phoenix
Tiger Woods, the legendary golfer, has recently made a significant transition in his career. Following his split with Nike, Woods has officially partnered with TaylorMade to create a new apparel and footwear performance and lifestyle brand. The brand, known as Sun Day Red, will be exclusively available online starting in May. This partnership marks an
When billionaire Jeff Bezos announced his plan to move from Seattle to Miami, many speculated that his decision was primarily motivated by taxes. While Bezos stated that he wanted to be closer to his parents and his space company Blue Origin, the timing of his move raised eyebrows. In 2022, Washington state introduced a new
As the travel industry rebounds from the devastating impacts of the pandemic, more and more travelers are opting for trains over planes. Despite the longer travel times, trains offer certain advantages such as affordability, comfort, and environmental friendliness that are attracting riders to Amtrak, the government-backed U.S. rail service. This shift in preference is indicative
The most expensive home for sale in the U.S., Gordon Pointe, recently made its debut on the market with a jaw-dropping price tag of $295 million. Nestled in the affluent enclave of Port Royal in Naples, Florida, this roughly 9-acre compound offers unparalleled luxury and opulence. Buyers are not simply attracted to the impressive square
PepsiCo, a global food and beverage giant, reported its quarterly results on Friday, revealing a decline in North American demand for its products. The company’s shares dropped more than 2% in premarket trading, indicating investor disappointment. PepsiCo’s earnings per share came in at $1.78 adjusted, surpassing Wall Street’s expectations of $1.72. However, the company’s revenue
Spirit Airlines, despite facing numerous challenges in recent times, is optimistic about its future profitability. The airline’s CEO, Ted Christie, believes that the domestic air travel market is improving, providing hope for the airline’s recovery. Despite experiencing a net loss of nearly $184 million in the fourth quarter, Spirit Airlines is determined to find its
In a groundbreaking move, media giants Walt Disney’s ESPN, Fox, and Warner Bros. Discovery have announced their plan to launch a joint sports streaming service this fall. By forming a newly established company, these industry leaders are set to revolutionize the way consumers access marquee live sports. This exciting development not only introduces a new
Ford Motor’s fourth-quarter results have surpassed Wall Street’s expectations, both in terms of earnings and revenue. Furthermore, the company has provided a positive outlook for its performance in 2024, indicating strong growth and profitability for the coming years. Ford’s forecast for 2024 includes adjusted earnings before interest and taxes (EBIT) in the range of $10