Former US President Donald Trump arrives during a “Get Out The Vote” rally in Greensboro, North Carolina, US, on Saturday, March 2, 2024. Bloomberg | Bloomberg | Getty Images Donald Trump’s U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. It is … Read more
Social Security makes up 40% of the monthly income for millions of Americans aged 65 and above, making the program a crucial aspect of retirement security. While your Social Security income levels depend on when you claim, earnings during working years, and service duration, the net amount you pocket every month also depends on where … Read more
Billionaire investor Warren Buffett is known for mastering the strategy of identifying and buying great businesses at lower prices. He has abided by this rule to date, with no exceptions. For the first time in six years, Buffett decided not to buy back shares of his own company, Berkshire Hathaway, in Q3 despite having over … Read more
The Social Security Fairness Act, designed to expand benefits for millions of beneficiaries by repealing certain provisions that curtail their monthly checks, was passed by the House last week as efforts intensify to get it passed by the Senate before the December 31 deadline. “Workers should be able to count on the retirement benefits they’ve … Read more
Kochi: Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the Indian economy is strong enough to handle any adverse fallout from global events. “Today, the growth of the Indian economy presents a picture of stability and strength,” Das said while addressing an event at the launch of the Kochi International Foundation here. … Read more
It’s unclear whether Russia has carried through with the threat, Euronews reported on Saturday. Gazprom is sending gas to Europe via Ukraine at normal levels, Bloomberg reported on Saturday. Nehammer said on Friday that Austria has a secure supply of alternative fuel and that “no one will freeze this winter, no home will be cold.” … Read more
Healthcare costs have been a long-standing challenge for US retirees. Estimates show that the average retired couple at 65 could spend north of $300,000 on healthcare expenses in retirement. Meanwhile, the average retirement savings for married couples aged between 65 and 74 is around $609,230. Millions of retirees depend on their monthly Social Security checks … Read more
JPMorgan Chase CEO Jamie Dimon said Wall Street bankers, regardless of whom they voted for, are “dancing in the street” over President-elect Donald Trump’s win as they anticipate he will loosen stringent regulations across the industry. “A lot of bankers, they’re like dancing in the street because they’ve had successive years and years of regulations, … Read more
Wholesale prices in the US rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0.1% gain … Read more
When it comes to building a strong financial foundation, money guru Dave Ramsey believes that age or starting late is not a factor – and that one can be stable with just a few, wise financial decisions. This is what Ramsey told a 50-year-old woman who has been widowed for 15 years, who recently called … Read more
