Charleston, S.C.—Located on one of Charleston’s barrier islands, the new luxury community Kiawah River reported an unprecedented sales record in the first quarter of 2021, surpassing its overall sales total for the previous year. As full-time remote work becomes a possibility for more U.S. workers, this somewhat remote Lowcountry agrihood is attracting buyers from across
A healthcare worker administers a dose of a Pfizer-BioNTech Covid-19 vaccine to a child at a pediatrician’s office in Bingham Farms, Michigan, U.S., on Wednesday, May 19, 2021. Emily Elconin | Bloomberg | Getty Images A heart inflammation condition in adolescents and young adults who received Covid-19 vaccines appears to be very rare and it
Snowflake banners decorate the New York Stock Exchange to market the debut of the software company’s shares in New York on Sept. 16, 2020. Source: Snowflake Snowflake shares fell as much as 8% in extended trading on Wednesday after the data-analytics software company barely met analysts’ expectations for product revenue, the company’s main source of
The AMC Empire 25 off Times Square is open as New York City’s cinemas reopen for the first time in a year following the coronavirus shutdown, on March 5, 2021. Angela Weiss | AFP | Getty Images Shares of AMC Entertainment soared another 40% on Thursday as speculative trading activity skyrocketed in the movie theater
In this article RR.-GB Detail of the new Rolls-Royce Boat Tail on May 27, 2021, unveiled by Rolls-Royce CEO Torsten Muller-Otvos at the Home of Rolls-Royce in Goodwood, West Sussex, England. Jeff Spicer | Getty Images Entertainment | Getty Images Rolls-Royce Motor Cars on Thursday unveiled the Boat Tail, a luxury vehicle model it has
People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images Mortgage interest rates are near historic lows. Yet if you want to take advantage of those rates, check your credit score first. That three-digit number determines whether you can get
President Joe Biden delivers remarks at the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Nicholas Kamm | AFP | Getty Images The wealthy may have a whole other reason to dread President Joe Biden’s proposal to overhaul taxes on inheritances: They may have to dig through decades’ worth of documents
When the pandemic hit, priorities changed overnight. Healthy and working became the litmus test of whether you were on the fortunate side of the COVID-19 coin. This reduction in expectations has changed views on wealth. In its annual Modern Wealth Survey, Charles Schwab asked 1,000 people in the US to gauge their views on how
All the evidence isn’t in, but it’s clear that many Americans accelerated their retirement plans during the pandemic and the rush to retire probably isn’t over. In September 2020, about 3.2 million more baby boomers were retired than a year earlier, according to a Pew Research Center report. In each of the previous four years,
Matt Weirich is CEO and Co-founder of Realync, the leading video leasing and engagement platform for the entire resident lifecycle. It’s not shocking to hear that content consumption habits have changed over the past year, with digital experiences at the top of the list. But this statistic may shock you: In 2019, the number of digital
Russian President Vladimir Putin looks at military aircrafts flying over the Kremlin and Red Square to mark the 75th anniversary of the victory over Nazi Germany in World War Two, Moscow, May 9, 2020. Alexey Druzhinin | AFP | Getty Images Russia will not make Covid vaccines compulsory for its citizens, President Vladimir Putin said
Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy said Thursday that sales grew 36% in the fiscal first quarter, as shoppers’ stimulus-fueled spending spree included consumer electronics. Shares of the company nearly
The Federal Reserve seems to be having an identity crisis. Not that long ago, the U.S. central bank was seen solely as a watchdog of the nation’s financial system as well as the entity charged with using its various policy levers to control inflation and keep unemployment low. Nowadays, well, things have changed. In recent
In this article PXD SPCX Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Savings and investing app Acorns plans to go public by merging with a blank-check company. The fintech start-up announced a deal Thursday to combine with Pioneer Merger Corp., a publicly traded special purpose acquisition company, or SPAC. The merger values Acorns
blackCAT | E+ | Getty Images If your income falls below $75,000 for 2021, there’s a chance you’ll end up paying no income taxes on it. On average, taxpayers in that category will have no tax liability after accounting for deductions and credits when they file their 2021 tax returns next spring, according to recent
You Might Need to Plan Now Even if You’re Not Really Wealthy For wealth folks reviewing and beefing up insurance coverage and planning before income and estate tax rates may rise may be an obvious step. But, urgent planning is needed by many even moderate wealth taxpayers now! Very wealthy people are pursuing estate tax
Tax bills almost always force Congress to think about how to define income, but President Biden’s campaign promise to never raise taxes for those making $400,000 or less puts the question front-and-center. If you are not a tax geek, you might be surprised to know there are many definitions of income. Some are used to
Edward Mermelstein has seen a lot of trends since he entered the world of real estate in 1989. But a recent rise in wealthy individuals and first-time renters moving into the luxury lease space is unusual. “New York City is seeing more activity in the luxury rental markets. This interest is unprecedented and primarily driven
Electric vehicle manufacturing currently faces an “embedded carbon” challenge, says Jefferies’ Simon Powell. “To gain the environmental dividend that governments are looking for, users are going to have to keep them longer, drive them further than they may have done with a conventional internal combustion energy vehicle,” Powell, head of global thematic research at the
In this article NVDA Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia reported first quarter results for its fiscal 2022 on Wednesday, with sales growing 88% compared