Keith Gill, a Reddit user credited with inspiring GameStop's rally, during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024.Michael Nagle | Bloomberg | Getty ImagesGameStop shares fell about 12% on Monday as the meme stock extended Friday's sell-off sparked by a dismal...
Year: 2024
Home equity is near a record high. Tapping it may be tricky due to high interest rates
Cultura Rm Exclusive/twinpix | Image Source | Getty ImagesHome equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors.Total home equity for U.S. mortgage holders rose to more than $17 trillion in the first quarter of 2024, just shy of...
‘Wealth can be pretty isolating’: Problems that rich people face, according to therapists
Depressed young male smoking cigarette, drinking alcohol and holding his head in hand.Mixmike | E+ | Getty ImagesCan money buy happiness? Contrary to what some may think, a million-dollar paycheck does not necessarily come with a problem free pass.While wealth can bring with it some unconventional problems — such as...
Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a ‘6-month thing’ as rates fall
Barry Sternlicht, chairman and CEO of Starwood Capital Group, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, on May 7, 2024.David Swanson | ReutersBarry Sternlicht, Starwood Capital Group chairman and CEO, defended his decision to cap how much money investors could...
Private payrolls growth slows to 152,000 in May, much less than expected, ADP says
Private job creation slowed more than expected in May, according to a report Wednesday from ADP that signals further sluggishness in the labor market.The payroll processing firm said that companies added 152,000 jobs on the month, fewer than the downwardly revised 188,000 in April and below the Dow Jones consensus...