Condor Capital Management

Explore: The Rising Cost of Convenience: Out-of-Network ATM Fees Hit Record Highs


The Rising Cost of Convenience: Out-of-Network ATM Fees Hit Record Highs


Looking to make a quick withdrawal from the ATM down the street? Well, if it isn’t owned by your bank, you’ll be paying more than ever. According to a Bankrate analysis, average out-of-network ATM withdrawal fees have risen to an all-time high of $4.57 per transaction.

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What Does the Recent Compromise In Trenton Mean For New Jersey’s Residents?


Politicians from both sides of the aisle in Trenton have finally reached an agreement to replenish the Transportation Trust Fund after many delays. While all residents of the Garden State won’t be impacted the same, the implications will be far-reaching nonetheless. The new deal confirms a 23-cent hike in the gasoline tax, which on top of the current 14.5 cent/gallon tax – brings this tax to 37.5 cents per gallon, up to the seventh-highest in our country.

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Are Your Cards the New King?


If you feel that you have been making less use of cash lately, you are not the only one. 2016 may finally be the year that cash loses its title as king, forfeiting that top position to credit and debit cards instead. Based on research recently conducted by Euromonitor International, a market research company, consumers around the globe are expected to spend nearly $23.1 trillion on goods and services through alternative means, eclipsing the $22.6 trillion forecast for cash transactions.

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Know What You Buy (Or Are Sold)


The traditional certificate of deposit, otherwise known as the CD, has long been a popular instrument for savers to consider. Simply put, these products generally offer higher interest rates when compared to traditional savings accounts in exchange for a commitment of those funds by savers for a predetermined period of time. That said, Wall Street had taken to morph this basic CD into something that can yield, ahem, far different results. Why, then, has there been an uptick in interest over the last several years? Simple: investors have been starved for yield amid a record low interest rate environment!

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Can Allergan (AGN) Be the Role Model That Pharmaceuticals Need?


With drug prices under heightened scrutiny from the public as well as policymakers due to the recent controversy surrounding the EpiPen price hike, there was some surprising and reassuring news from Allergan, a pharmaceutical firm, today.

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The Numbers Behind the “Unofficial End of Summer”


In 1882, in New York City, Peter McGuire and Matthew Maguire put together the first Labor Day parade with 10,000 workers protesting the unfair working conditions. This holiday now celebrates the American labor movement and everything that workers contribute toward the prosperity, well-being, and strength of the United States of America. Continue reading “The Numbers Behind the “Unofficial End of Summer””

Continuity For India’s Central Bank

Rupees in India

On September 4, 2016 Raghuram Rajan, Governor of India’s Reserve Bank (RBI), will step down from his post and be replaced by Urjit Patel. While Mr. Rajan’s term has been marred by partisan disputes and political differences, his contributions in stabilizing India’s economy cannot and should not be understated or forgotten. Continue reading “Continuity For India’s Central Bank”

Go for the Gold (Medal)*

*Taxes may be applicable


Winning an Olympic medal is an amazing accomplishment that deserves to be rewarded. The US Olympic Committee prize money for winning an Olympic gold medal is $25,000, $15,000 for silver, and $10,000 for bronze. Many countries do not award their medal winners, and if they do, the amounts are often less (though some are higher, such as Brazil). What may seem surprising is that with those thousands of dollars in prize money earned, comes a hefty tax bill, depending on the athlete’s income tax bracket. If a US Olympian is in the highest tax bracket (39.6%), then they will owe $9,900 in income taxes on his or her gold medal. This amount drops to $6,250 if the gold medal winner is in the 25% tax bracket.

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