Key Points The 100% bonus depreciation passed by the Trump administration is delivering a boost to car wash real estate. The car wash business has evolved markedly over the last decade as private equity investors flock to the recurring revenue. Typically, private equity buys the car wash business and then sells the property to an…
Home Depot said Tuesday its core homeowner shopper remains resilient in the face of higher gas prices and plummeting consumer confidence, leading the retailer to reaffirm its full-year guidance after beating fiscal first-quarter expectations. “The homeowner in a relevant sense is perhaps more protected financially than other customer cohorts and so we continue to see…
Radar, a hardware and software company that helps retailers better manage inventory and cut back on theft, is now valued at over $1 billion. Source link
A sign sits outside of the Centers for Disease Control and Prevention (CDC) Roybal campus in Atlanta, Georgia, U.S. March 18, 2026. Megan Varner | Reuters One American has tested positive for Ebola in the Democratic Republic of Congo in connection to the deadly outbreak in central Africa that global health agencies are racing to…
Kevin Warsh, nominee for chairman of the Federal Reserve, is sworn in to his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Dirksen building on Tuesday, April 21, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images President Donald Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal…
Kevin Warsh, President Donald Trump’s nominee to be next chair of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in Washington, April 21, 2026. Kevin Lamarque | Reuters Sent to the Federal Reserve to lower interest rates, incoming Chair Kevin Warsh instead may have to push for higher levels…
Jose Luis Pelaez Inc | Digitalvision | Getty Images Older Americans could get another way to make tax-free charitable donations from their retirement savings under a new bipartisan, bicameral bill in Congress. Called the Charity Parity Act and introduced in both the House and Senate on Wednesday, the measure would allow so-called qualified charitable distributions,…
Higher mortgage rates, rising gas prices and continued economic uncertainty over the war with Iran are all still weighing on potential homebuyers. Builders, however, are feeling slightly better about their businesses, seeing a potential late spring surge. After a sharp drop in April, homebuilder sentiment in the market for single-family homes rose 3 points in…
JPMorgan summer reading list Courtesy: JPMorgan The latest JPMorgan Summer Reading List, an annual favorite among the wealthy, includes books on artificial intelligence, longevity, Keith Haring and lemon recipes. The list is compiled each year with suggestions from JPMorgan client advisors around the world and has become a popular guide for the wealthy looking for…
Dartmouth College Cheryl Senter/Bloomberg | Getty Images Fears that artificial intelligence will upend students’ future career plans are reverberating across college campuses. “Higher education needs to do better,” said Joseph Catrino, the inaugural director of Dartmouth’s Center for Career Design. “We need to do better for our students — we need to step up and…