Chase Coleman, founder of Tiger Global Management LLC Amanda L. Gordon | Bloomberg | Getty Images Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over
Month: June 2022
JGI/Jamie Grill The Covid-19 pandemic really highlighted how financially troubled our society is. Debt levels are extremely high, bankruptcies are commonplace and many Americans are living paycheck to paycheck. Today’s adults are suffering and may be setting the next generation up for trouble, as well. Tackling the financial literacy crisis in America begins in the
Anyone with money tied up in the markets may be reeling from recent losses. For parents of college-age children with a hefty tuition bill due soon, the stakes are even higher. If that money was stashed in a 529 college savings plan, balances may be suddenly smaller than expected after stocks experienced a series of
The real estate refresh continues as new data suggests the housing market hit a turning point in its supply struggle in May. The inventory of active listings has returned, recording the first year-over-year increase since June 2019, according to the Realtor.com monthly housing trends report released today. At the same time, the median national home
Tax Notes reporter Benjamin Valdez discusses the Florida legislation eliminating Disney’s special tax district, what led to its passage, and what to expect in the future. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: the most magical tax break on earth. In April,
In this article UAL A United Airlines passenger aircraft prepares to leave its gate and taxi to the runway at San Francisco International Airport in San Francisco, California. Robert Alexander | Getty Images United Airlines plans to break ground Wednesday on an expansion of its training center in Denver, an initiative aimed at getting thousands
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in. It’s a
While most of the travel industry struggled to get back on its feet, the yachting industry had a different problem during the pandemic: serving everyone wanting to charter a boat. Like the rise in private jet travel during the pandemic, charter demand remains “extremely strong,” said Crom Littlejohn, chief commercial officer of the yacht brokerage
Teachers line up to enter Everest College, one of the Corinthian Colleges that closed, for a meeting and opportunity to collect their personal items, in City of Industry, Calif., April 27, 2015. Al Seib | Los Angeles Times | Getty Images The Biden administration plans to cancel all outstanding student loans for those who attended
Seventy percent of all American households have a pet, with 38% having dogs and 25% having cats. The $4.54 billion pet products market has grown along with the popularity of pet ownership. So it’s not surprising that ‘pet parents,’ as many of them think of themselves, are increasingly incorporating their animal companions’ needs into home
My 90-year-old uncle, a retired county employee, has had a Medicare Advantage preferred provider organization (PPO) plan for the last eight years. He sees his primary physician once or twice a year. However, now he has been experiencing dizzy spells and falls. His physician ordered a slew of medical tests. I asked my uncle, “Does
On May 27, 2022, the IRS released its sixth pronouncement regarding the types of businesses that can qualify for the qualified small business stock (QSBS) exclusion. The ruling is the fourth time the IRS has addressed the health exclusion in section 1202(e)(3), the third time it has addressed the exclusion for businesses where the principal
A “For Sale” sign outside a house in Crockett, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates rose sharply this week, after pulling back over the last three weeks. The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News
In this article GME A GameStop location in New York, Dec. 23, 2021. Scott Mlyn | CNBC GameStop reported $1.38 billion in revenue in its fiscal first-quarter earnings report Wednesday, up slightly from the $1.27 billion it reported in the year-ago quarter. But, it also reported a $157.9 million net loss, which is worse than
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 18, 2022. Andrew Kelly | Reuters U.S. stock futures were flat Wednesday night as economic concerns dragged down investor sentiment. Futures tied to the Dow Jones Industrial Average edged lower by 13 points, or
David Jakle | Image Source | Getty Images It’s been a tough year for municipal bonds, with investors cashing out amid rising interest rates. However, higher yields and strong credit may be sparking a shift, experts say. While investors piled a record-breaking $96.8 billion of net money into U.S. muni mutual and exchange-traded funds in
There’s nothing like a direct flight to ease international travel. Largely the domain of major cities with populations in the multimillions, this summer the opportunity to fly nonstop will be available from Madrid, Spain, to Los Cabos, Mexico. The tourist destination – with a population of more than 350,000, according to DataMexico.org – has long
Those turning to freelancing or contract work have driven one of the fastest growing and robust areas of the labor market. In the past few years, with the labor movement in flux due to COVID-19 and the so-called Great Resignation, the number of people who performed contract or freelance work in the US reached 59
Unlike the live-streamed Johnny Depp and Amber Heard trial, you can’t watch the federal criminal trial of TV’s Todd and Julie Chrisley, but there is still plenty of drama and even bigger stakes. The Chrisleys were indicted on 11 counts of tax evasion and bank fraud in 2019, and a superseding indictment came in 2022.
In this article DAL Delta airplanes are seen at John F. Kennedy International Airport during the spread of the Omicron coronavirus variant in Queens, New York City, U.S., December 26, 2021. Jeenah Moon | Reuters Delta Air Lines expects revenue to return to 2019 levels this quarter thanks to a surge in travel demand and