The High-Class Problem That Comes With Home Equity
A lot of money is tied up in people’s homes. Those who need to tap it most, however, may have the hardest time doing so. Paying a mortgage is a form of forced savings. If you want to stay in your home, you have no choice but to make each payment. That money — plus […]
How to Create a Strong Financial Plan When You’re Renting Forever
Moving back and forth from Tennessee to Alaska, Michael Rogers and his wife Christy have twice been stuck simultaneously paying a mortgage and rent. Once, in 2006, the situation dragged on for eight months, finally ending when they sold their house in Tennessee for $20,000 below what they’d paid for it. Other adventures in homeownership […]
How Lowriders Put a Vivid Stamp on New York City’s Car Scene
Growing up in Mexico, Marco Flores fantasized about the lowrider cars he saw in magazines, studying their colorful bodies and gleaming engine compartments. He adored his father’s Chevrolet Chevelle, too. In a tribute, Mr. Flores eventually restored a Chevelle in electric blue — the same muscle car his father had owned — with the help […]
What to Do With an Inheritance
Research shows that more adult children may find themselves unexpectedly inheriting wealth over the next two decades. The silent generation, or people born roughly between 1928 and 1945, and its successors, the baby boomers, are expected to transfer significant wealth to members of Generation X and millennials over the next 20 years, according to the […]
How Companies Dodge Tariffs – The New York Times
No matter who wins the White House and control of Congress this autumn, one aspect of trade policy is likely to endure: Washington’s tough-on-China protectionist stance. But several trade experts predict that the America-first model of slapping tariffs on adversaries — as President Biden did this week — will backfire. Critics of tariffs and export […]
A Loss at Mercedes-Benz Slows U.A.W.’s Southern Campaign
After suffering a setback at two Mercedes-Benz plants in Alabama on Friday, the United Automobile Workers union’s efforts to organize other auto factories in the South is likely to slow and could struggle to make headway. About 56 percent of the Mercedes workers who voted rejected the U.A.W. in an election after the union chalked […]
What Caitlin Clark’s Arrival Could Mean for WNBA’s Business
The business of women’s basketball is booming. And the start of the 2024 W.N.B.A. season has many wondering if the sport is entering a new economic era. The arrival of stars like Caitlin Clark, the former University of Iowa phenom who is now a rookie with the Indiana Fever, has boosted interest and ticket sales. […]
What’s BlackRock Without Larry Fink? Shareholders Fret About Future.
Laurence D. Fink built BlackRock into the world’s largest asset manager with a steely grip, a thick skin and a cleareyed vision of what the company could become. Today, it’s a caretaker of $10.5 trillion of investor money and a provider of sophisticated trading technology, and Mr. Fink has been an informal financial adviser to […]
The Night That Sotheby’s Was Crypto-Punked
It would have been the greatest insult to rock the Upper East Side on any normal night, but instead the private equity heir Holly Peterson could only laugh. Why had a Sotheby’s official denied her access to a bidding paddle? In February 2022, Ms. Peterson, an author and art collector, was surrounded by a new […]
Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods
For the first two decades of the 21st century, many consumer products on America’s store shelves got less expensive. A wave of imports from China and other emerging economies helped push down the cost of video games, T-shirts, dining tables, home appliances and more. Those imports drove some American factories out of business, and they […]