Author: Arabian Media staff
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Wall Street’s so-called fear gauge dropped this week as U.S. stocks continued to set record highs, with investors appearing encouraged in part by the White House’s progress on the global trade front. Source link
Wealthy individuals have been collecting art practically since art was invented. However, treating art as an investment is a more recent phenomenon. According to Deloitte, the global value of ultra-high-net-worth individuals’ art and collectible wealth exceeded $2 trillion in 2022 and is estimated to grow to more than $2.8 trillion by 2026. As with any investment, profit is the bottom line. But when it comes to art, investors often have difficulty determining how best to buy it to maximize returns. Key Takeaways The global value of ultra-high-net-worth individuals’ art and collectible wealth may reach nearly $3 trillion by 2026.Art bought…
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Just received a job offer in another city? Congratulations! But before you accept or call the movers, there’s one more thing you should do: check on the local cost of living. Living costs can vary dramatically from one place to another, and what looks like a big pay bump could end up shrinking your purchasing power once local expenses like housing, taxes, and healthcare are factored in. Here’s how to assess a job offer through the lens of cost of living—and why $50K in one city isn’t always equal to $50K in another. Key Takeaways The cost of living can…
Las Vegas has become pricier by many measures, though local officials point to a decline in international travel as the key reason for a recent tourism slump. Source link
Retirement life is different from what it was generations ago. Thanks to accessible and easy-to-manage technology, retirees are using phones, watches, and other devices to stay healthier, safer, and connected to their loved ones. “AI, ChatGPT and other tools are as significant a change as the introduction of the internet,” says Laurie Orlov, founder of Aging and Health Technology Watch. “They are enabling older adults, but more importantly, their health providers to obtain information and insights in a conversational way that was not possible, and not ad-free, previously.” Below, we discuss how technology is changing retirement. Key Takeaways Retirees are…
If you’re buying a home and plan to keep it indefinitely, you might prefer the predictability of a 30-year fixed-rate mortgage. But if you know you’ll be selling and moving out in a few years, an adjustable-rate mortgage (ARM) could be worth a look—especially if ARMs have the best interest rates at the time. Here is how to decide. Key Takeaways ARMs sometimes have lower initial interest rates than fixed-rate loans, but not always.If you plan to sell your home in a few years, a low-rate ARM might save you money on interest charges.However, once your ARM rate adjusts, it…
The S&P 500 is set to score a record finish every day of this past week while the Dow has yet to return to record territory in 2025. Source link
Kenneth Sue, 25, always knew he’d need to support his mom financially as he got older. From a young age, he and his sister were ingrained with the expectation that they would care for their mom, a Taiwanese immigrant who worked as a cashier after she retired. “My mom would be like, ‘I’m sending you guys to school, and I’m giving you guys all these opportunities, so when I grow old, you can take care of me,'” said Sue. “It was kind of like a joke, but not really… As a kid, I just internalized it.” Key Takeaways Many Asian…