archivenews

CHARLOTTE — There are fears of a recession and uncertainty with investors over President Donald Trump’s tariffs and government cutbacks.WSOC’s Evan Donovan spoke with an expert to see if that’s where we’re headed and what you can do now to protect your bottom line.What to do depends on several factors, including your age and where you are in your career.For most of us, financial experts say invest it and forget it.However, if you’re at or near retirement, it’s a little more complicated.“It’s difficult for people nowadays,” said Tina Kelly, who...

CHARLOTTE — There are fears of a recession and uncertainty with investors over President Donald Trump’s tariffs and government cutbacks.WSOC’s Evan Donovan spoke with an expert to see if that’s where we’re headed and what you can do now to protect your bottom line.What to do depends on several factors, including your age and where you are in your career.For most of us, financial experts say invest it and forget it.However, if you’re at or near retirement, it’s a little more complicated.“It’s difficult for people nowadays,” said Tina Kelly, who...

David Sacks unloaded hundreds of millions of dollars worth of digital asset-related investments prior to starting his job as the Trump administration’s artificial intelligence (AI) and crypto czar. According to a White House memo issued by Presidential Counsel David A. Warrington, Sacks and his investment firm Craft Ventures liquidated their crypto holdings, including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), before Trump started his second term on January 20th. Sacks also sold his position in the Bitwise 10 Crypto Index Fund (BITW) and unloaded his shares in Coinbase (COIN), Robinhood...

Two of the largest banks in the US are reportedly locked in a legal battle over a $481 million commercial property loan. Wells Fargo is suing JPMorgan Chase, the largest back in the US, over accusations it greenlighted a real estate loan even though it allegedly knew that the financial statements were fraudulent, reports Reuters. In 2019, JPMorgan issued a loan to real estate development and investment firm Chetrit Group to finance the purchase of 43 multi-family buildings with 8,671 apartments across 10 states. Acting as the investors’ trustee, Wells...

United Kingdom prosecutors allege an officer working for the country’s National Crime Agency (NCA) stole 50 Bitcoin (BTC) back in 2017. The Crown Prosecution Services authorized Merseyside Police to charge NCA officer Paul Chowles with 11 counts of concealing, disguising, or converting criminal property, three counts of acquiring, using or possessing converting criminal property and a single count of theft. The 50 BTC was priced at £60,000 ($77,658) back in 2017 and is worth £3.26 million ($4.2 million) at time of writing. Chowles, 42, is set to appear at Liverpool...

Thinking about pooling funds to invest in property?The Urban Developer is delighted to host an interactive webinar with three industry experts from across the legal, accounting and funding disciplines.Each presenter will unpack the essential information required for property developers and investors to collectively participate in real estate investment opportunities.Meet our three expertsSean McMahon—Partner, Hall and WilcoxMcMahon is a leading expert in property syndicates with more than 25 years of experience in funds management and corporate law. As co-lead of Hall & Wilcox’s investment funds team, he specialises in fund structuring, real...

Seattle named 9th most expensive city in U.S.According to a report from Oxford Economics, it takes a household income of $200,000 to afford a new home in Seattle, including property taxes and insurance costs.Fox - SeattleProperty taxes are a thorn in the side of homeowners. While many of us wish we didn't have to pay them, we don't have a choice. Just how much you pay depends on where you live, as taxes fluctuate from state to state and from town to town.In New Jersey, property taxes are significantly higher...

Seattle named 9th most expensive city in U.S.According to a report from Oxford Economics, it takes a household income of $200,000 to afford a new home in Seattle, including property taxes and insurance costs.Fox - SeattleIllinois has the second-highest property tax rate in the country with Connecticut coming in third place.Property taxes are a thorn in the side of homeowners. While many of us wish we didn't have to pay them, we don't have a choice. Just how much you pay depends on where you live, as taxes fluctuate from...

Recession fears persist amid inflation and trade warsPresident Donald Trump did not rule out the possibility of a recession in a recent Fox News interview, amid his administration's continuing trade war.The U.S. economy may be heading toward a recession due to recent economic policies and global uncertainty.A recession is characterized by a decline in economic activity, including a drop in GDP, increased unemployment, and reduced consumer spending.Experts suggest preparing for a potential recession by building an emergency fund, reducing debt, and diversifying investments.Are we heading for a recession?On Monday, U.S....

Farming union members from across Wales were at the Senedd for a debate on the UK Government's controversial changes to Agricultural Property Relief (APR) on Wednesday, March 5, The Farmers’ Union of Wales (FUW) and National Farmer Union Cymru members were in the Senedd, lobbying Welsh politicians to press for the UK Government to review their far-reaching changes.The debate, tabled by Plaid Cymru, called on the Welsh Government to make representations to the UK Government to reconsider and pause the family farm tax until they have conducted a thorough consultation and...