The Women’s National Basketball Association (WNBA) recently unveiled plans to add three new teams, signaling one of the most ambitious expansions in its history. Cleveland, Detroit, and Philadelphia—cities deeply intertwined with basketball lore—will soon join the growing league, pushing its team count from 13 to 18 over the next five years. While this development has
Business
The luxury real estate market is displaying a striking bifurcation in 2025, a phenomenon that demands serious scrutiny. On one side, ultra-wealthy buyers—those with net worths north of $30 million—are charging ahead, largely unfazed by economic uncertainties like trade wars, inflationary pressures, and volatile stock markets. On the other hand, buyers with considerable but comparatively
The world of high-net-worth investing is undergoing a significant transformation. According to a revealing survey by BlackRock, family offices—those financial management entities for the wealthy—are increasingly pivoting from traditional investments to alternative assets like real estate, venture capital, and private credit. With a stunning average allocation of 42% to alternatives, up from last year’s already
In an epoch of unrelenting change within the airline industry, Southwest Airlines is boldly stepping up to revamp its business model, as articulated by CEO Bob Jordan. With a focus on attracting high-spending customers and diversifying their offerings, the airline is open to a shift that resonates far beyond the traditional low-cost model that has
In an ironic twist of fate, the housing market—once a bastion of soaring prices and fervent bidding wars—has begun to resemble a slow-moving train wreck, where the rising supply is starkly outpacing the dwindling demand. According to the latest S&P CoreLogic Case-Shiller Index, home prices experienced a meager 2.7% increase in April compared to the
As the dust settles on yet another month of tepid real estate activity, the sales figures for previously owned homes in May reveal a slight increase, contradicting the expectations of a modest downturn. The National Association of Realtors reports a rise of 0.8%, crossing the threshold of 4.03 million units on an annualized, seasonally adjusted
Once trailing in the shadow of its more agile competitors, JPMorgan Chase is making its latest attempt to establish itself as a frontrunner in online investing. This shift is underscored by the unveiling of new tools for bond and brokered CD purchases via its mobile app. While this move comes on the heels of foreclosure
In a shocking revelation, UBS’s latest report uncovers startling figures about millionaires in the U.S., touting a staggering 23.8 million millionaires in 2024. This isn’t just a statistic; it’s touted as a hallmark of the American Dream. An increase of nearly 379,000 millionaires within a single year, equating to over a thousand fresh millionaires each
In a bold play to reclaim its footing in a fiercely competitive market, Ram Trucks has announced an industry-leading warranty for its 2026 vehicle lineup. Set to unfold as part of a comprehensive 18-month turnaround strategy, the choice to amplify its warranty coverage to 10 years or 100,000 miles is nothing short of audacious, especially
In today’s financial landscape, luxury and exclusivity reign supreme, especially when money is no object. American banks are clamoring to cater to the affluent, adopting a bait-and-switch model where features come with an increasingly steep price tag. Just recently, JPMorgan Chase unveiled significant changes to its Sapphire Reserve card that mark a troubling trend—a 45%