Driverless cars may soon make popular ride-sharing services like Uber and Lyft obsolete, according to optimistic supporters of new entity trying to break the cycle. Waymo, a subsidiary of Alphabet, plans to offer ride-sharing services using driverless Chrysler Pacifica minivans. According to the company’s leadership, consumers will be able to try the cars out for … Continue reading “These Self-Driving Cars May Soon replace Uber, Lyft”

Many of the banks in India are experiencing serious financial trouble. These failing banks are in need of a bail-out, and they are willing to do almost anything to stay afloat. Luckily for them, they are owned by the Indian government, which has the ability to get them the money they need using a cunning … Continue reading “Indian Banks Finance Their Own Bailout , Fail Miserably”

At first glance, high-net-worth individuals may assume that a family LLC is a form of business ownership. While it could be interpreted that way, it is actually an LLC for estate planning. As such, it is a powerful means to transfer wealth to family members now without concern about gift taxes. It also helps prevent … Continue reading “The Benefits of a Family Limited Liability Company (LLC)”

From family-focused restaurants to the taxi cab industry, millennials have been blamed for an extraordinary amount of industry disruption — and not without good reason. As the globalized, gig-based economy continues to grow and technology develops, many industries are simply being left by the wayside. Being able to anticipate these changes are a hallmark of … Continue reading “6 Industries Undergoing ‘Millennial Disruption’ in 2017”

Four out of every ten households have an IRA or individual retirement account, according to USA Today. It is easy to open an IRA, which is why they are so popular. However, figuring out the rules and regulations can be more complicated. You could easily make a mistake that could cost you thousands of dollars. … Continue reading “6 Avoidable IRA Mistakes That Most People Make”

Black Friday and Cyber Monday are nearly a month away, but retailers are already gearing up for these large shopping days. Following is a peek at expert predictions for what is essentially the Super Bowl for retail commerce. Black Friday is Going to be Big A recent survey by RetailMeNot noted that over half of … Continue reading “What to Expect from Black Friday and Cyber Monday 2017”

A household name in American business is in increasingly difficult financial straits, even while the economy is rebounding and the stock market is strong. General Electric stock has already dipped to a two-year low in October after changes in management failed to boost consumer and investor confidence in the energy giant. Recent months have also … Continue reading “General Electric is in Deeper Trouble Than Anyone Realized”

Have you ever heard of Federal Reserve Board Governor Jerome Powell? Stanford University economist John Taylor? Former Federal Reserve Board Governor Kevin Warsh? Powell, Taylor, Warsh are mostly unknown to the general public as well as most small business owners and entrepreneurs, but one of them could have significantly impact your business because they are … Continue reading “Who Will Head the Fed: How Trump’s Pick Could Help (Or Hurt) Your Business”

LaCroix Sparking Water was a relic of the 1990s — a beverage that seemingly died out as that decade did. In reality, consumer interest in the drink dropped. By the next decade, after some design changes (but none to its flavor, which is supposedly a winner among sparkling water lovers), LaCroix began planning its long-term … Continue reading “Bad Stock News for LaCroix and the Shocking Reaction”

In an earlier article, Wealth Authority discussed the growth in value of Bitcoin, and speculated upon its future potential. Right now, this electronic currency has a market capitalization of about $100 billion, which as CNBC pointed out, is larger than that of Morgan Stanley, Goldman Sachs, or Netflix. If Bitcoin were some kind of equity … Continue reading “Why You Should Consider Investing in Blockchain — Not Just Bitcoin”

Buying into the so-called “Green Economy” has been a sexy pick for more than a decade. The sustainable energy movement has garnered a tremendous amount of support and fanfare, but the grassroots businesses and even leading green companies may not be the best stock buys. Those trendy outfits like Tesla with high social media profiles … Continue reading “The Dangers of Buying Into the Green Economy”

Amazon is currently planning to build a second headquarters in the United States, a move that will definitely transform whatever city is lucky enough to win the bid. However, experts are noting that hosting Amazon’s HQ2 building will not only bring mixed economic effects. The Benefits The benefits of being home to Amazon’s second headquarters … Continue reading “What Amazon Will Bring to its New Host City”

The mere mention of Social Security elicits an emotional response from every American. There are some groups who are worried about how long it will be around, and others who are worried about if they have enough of it right now. For the second group, good news is in order for 2018, as there will … Continue reading “A Slight Increase to Social Security Benefits is Coming”

Wealth building is more important than ever to solidify your retirement and the position of your family in the future. It is always good to have qualified professionals to give you advice, but there may be some things that they cannot (or will not) tell you. Here are five fast wealth building tips that you … Continue reading “Five Tips for Building Wealth Fast”

With digital currency more widely accepted than ever before, it’s truly only a matter of time before the companies involved in this industry experience huge market growth. Such was the case of PayPal, one of the most popular online money-transferring services. For the week of October 16th, the market value for PayPal beat out American … Continue reading “PayPal’s Incredible Market Growth: How it Happened, and What Comes Next”

A national survey completed by the Consumer Financial Protection Bureau shows that 40 percent of the adults in the United States are struggling to remain financially solvent. The CFPB has been working to understand the economic factors that are influencing US households, in addition to providing online tools for customers to measure their financial well-being … Continue reading “CFPB Report: Millions of Americas on the Brink of Financial Distress”

As you drove your car today, you probably saw approximately 99 gasoline and diesel-powered cars for every one electric car. In fact, September 2016, was the first month ever that new electric car sales in the United States were more than 1 percent of new car sales, and they still account for less than 1 … Continue reading “The Auto Industry May Actually Become All-Electric Very Soon”