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Millennial and Gen Z heirs are eagerly anticipating a $124 trillion “Great Wealth Transfer” as they inherit their parents’ wealth—however, many are set to be disappointed as just one-fifth of baby boomers expect to leave anything behind. Financial services company Northwestern Mutual surveyed more than 4,500 adults and found only a select few can expect a … Read more
As Erebor fills the void left by the collapsed SVB, experts are warning about the potential risks of stablecoin integration with banking. Stablecoins are increasingly integrating with traditional finance, which presents both risks and opportunities. Amid the launch of a stablecoin-powered bank, Erbor, backed by Palmer Luckey and Palantir’s Joe Lonsdale, crypto is becoming increasingly … Read more
Good morning! The Trump administration wants to dismiss lawsuit restricting abortion pill access, the end of a tariff loophole could hurt UPS, and a new UBS report finds women are facing hurdles in the great wealth transfer. – Talk it out. Women are set to receive tens of trillions of dollars in the great wealth … Read more
Even on his deathbed, Pope Francis didn’t pause from pursuing a dogged campaign that distinguished his reign: reforming the Vatican’s infamously troubled finances. On February 27, the pontiff’s 13th day at Rome’s Gemelli Hospital suffering from exhaustion and bronchitis, the pontiff unveiled the formation of a high-level commission assigned to raise donations for helping plug … Read more
The report from UBS also had some good news for consumers. Not only is it easier to climb the wealth ladder than it is to fall back down it, but in the U.S., individuals across the income spectrum are set to get wealthier. Read More
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