Wealthy car collectors shrugged off recession worries and spent over $460 million at classic car auctions in Monterey this weekend, according to insurance and lifestyle company Hagerty. Over 790 cars sold at an average price of $590,700 at the auctions between Thursday night and Monday morning for a weekend total of $469 million, according Hagerty.
Month: August 2022
In this article AMC AMC Entertainment has embarked on a meme-friendly experiment to give a token reward to its retail investor base while also creating a backdoor way to raise more cash down the line. The theater chain’s new preferred share class — called “APE” units — begin trading on Monday after being distributed to
A pedestrian carries shopping bags in San Francisco, California, US, on Wednesday, June 1, 2022. David Paul Morris | Bloomberg | Getty Images Even as many people struggle to stretch their incomes amid high inflation, it turns out there’s money they already have they’re probably overlooking — unused gift cards. To that point, 47% of
In their priority guidance suggestions, both the Tax Law Center at New York University and the American Bar Association Section of Taxation assigned a high priority to the tax treatment of digital assets. The Tax Law Center asked for guidance under section 6038D, while the ABA tax section called for guidance under sections 6045, 6045A,
Public pension benefits provide a vital source of retirement security to the retired public employees who earned them during their years of public service. But the impact of public pension benefits goes beyond the retirees, spouses, and other beneficiaries of these plans. These benefit dollars also play a critical role in supporting local economies, especially
Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT electric muscle car concept on Aug. 17, 2022 in Pontiac, Mich. Michael Wayland / CNBC PONTIAC, Mich. – At an event featuring headbanging ’80s music and $2 beers this week, Dodge unveiled a concept for its first electric muscle car that included an exhaust system and multi-speed
Ernestas Tyminas felt “stuck” in his role as a marketing manager at a newspaper in Colorado Springs, Colorado. So he requested two months off to backpack through Asia, he said, landing in Beijing in January 2019. “On the first day … I meet this one,” he said, gesturing to Darina Karpitskaya, sitting by his side.
In this article WBD AMZN Promos for HBO MAX Game of Thrones: House of the Dragon (L), and Prime Video Lord of the Rings: The Rings of Power. HBO Max | Amazon As summer comes to an end, two expensive fantasy series filled with sorcery, sword fights and fantastical beasts will premiere on rival streaming
Drazen Zigic | Istock | Getty Images The U.S. Department of Education is giving federal student loan borrowers who’ve fallen behind on their debt a chance to get into current standing. As part of its “Fresh Start” initiative, the 7.5 million student loan borrowers who are in default will be able to return to repayment
Today’s Social Security column addresses questions about figuring benefit rates, taking retirement benefits before later divorced spousal benefits and whether the 5.9% COLA applies to all benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have Social
In this article DIS Disney Co. executives CEO Bob Chapek, left, and Bob Iger, executive chairman, deliver remarks at Cinderella Castle at the Magic Kingdom during the rededication ceremony marking the 50th anniversary of Walt Disney World, in Lake Buena Vista, Florida, Thursday night, Sept. 30, 2021. Joe Burbank | Tribune News Service | Getty
In this article HD WMT IONQ Scott Mlyn | CNBC Uncertainty was a key theme in the past week as the summer rally seemed to run out of steam. As tempting as it is to follow the day-to-day movements of the market, investors would be better served to think long term and pick their stocks
andresr | E+ | Getty Images Medicare may seem like a maze when you first try to navigate it. After all, there are different “parts” to the federal health insurance program, which provides coverage for about 56.5 million individuals in the 65-and-older crowd. And, whether you’re reaching the eligibility age of 65 or you are
When you think of the Las Vegas Strip, images of an exclusive residential sanctuary may not be the first to come to mind, but that’s just what you will find at The Summit Club. The luxury golf community tucked in between the Las Vegas Strip and Red Rock Canyon National Conservation Area is where SkySummit,
Oleksandr Usyk celebrates with a flag of Ukraine after his heavyweight boxing victory over Britain’s Anthony Joshua in Jeddah, Saudi Arabia. Francois Nel | Getty Images Sport | Getty Images Oleksandr Usyk took a second consecutive victory over Anthony Joshua to defend his unified WBO, WBA and IBF world heavyweight titles over the course of
kate_sept2004 | E+ | Getty Images The youngest workers entering the workforce — Gen Z, who range in age from 10 to 25 — showed dramatic adoption of individual retirement accounts, according to second quarter data released by Fidelity Investments this week. Fidelity IRAs owned by that generation increased 87% over the second quarter of
The summer of 2022 could unofficially be called “The Summer of Barbiecore.” After photos of Margot Robbie as the title character in the upcoming Barbie movie were revealed, the Barbiecore aesthetic began to permeate fashion and interior design. It’s easy to understand why. Coming out of a pandemic and such a dark period of time
In this article NVAX A box of the Novavax Covid-19 vaccine arranged at a pharmacy in Schwenksville, Pennsylvania, US, on Monday, Aug. 1, 2022. Bloomberg | Bloomberg | Getty Images Biotechnology company Novavax announced on Friday that its Covid-19 vaccine has been authorized for emergency use by the U.S Food and Drug Administration for adolescents
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Jeenah Moon | Bloomberg | Getty Images FTX rode the crypto craze to a billion dollars in revenue last year while
“We are a four-generation household,” said Jason Fitzgerald. Fitzgerald, 45, and his wife, Rachel Zack, 41, bought a house with Rachel’s parents Beverly and Arthur Zack, who are in their 70s, and Rachel’s 98-year-old grandmother Lillian, who goes by “Bubbie.” The home has six bedrooms, with five full and two half bathrooms. They all live
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