US Senator Marco Rubio, who could be the first Latino to serve as Secretary of State under President-elect Donald Trump’s administration, has a history of financial missteps that have come under the spotlight repeatedly over the years. Despite his role as a prominent political figure, Rubio’s handling of his finances—from questionable credit card practices to … Read more
New Delhi: The market outlook for next week will be guided by key macroeconomic data and the last round of Q2 earnings. India is set to release Consumer Price Index (CPI) and Index of Industrial Production (IIP) data on November 12, with Wholesale Price Index (WPI) data expected on November 14. Globally, the US inflation … Read more
Period red-brick home rooftops in a suburb overlooking London’s financial district. Oversnap | E+ | Getty Images LONDON — Britons are facing the prospect of higher mortgage rates for longer after the government’s tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. The Bank of England is widely expected to cut … Read more
The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation. | Photo Credit: Andrew Harnik The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped … Read more
Republican Donald Trump surged ahead of Democratic Presidential Candidate Kamala Harris in one of the most highly anticipated US elections in the country’s history. Trump’s reelection as the 47th US President has already triggered a bullish wave in the US stock markets, as benchmark indices like the S&P 500, Nasdaq, and Dow Jones Futures gained … Read more
Kevin O’Leary, famously known as “Mr. Wonderful” from Shark Tank, credits much of his financial wisdom to an unexpected source—his mother. Despite coming from a modest, middle-class background, O’Leary recently shared on his YouTube channel that his mother had secretly amassed significant wealth over 32 years through a disciplined investment and savings strategy. Her meticulous … Read more
The Australian Bureau of Statistics reported a 0.1% decline in the household spending indicator for September, suggesting that consumer spending remained weak, despite tax cuts and cost-of-living measures that have boosted household incomes since July. The annual growth declined sharply to 1.3%, down from 2.7%, which was the lowest rate since August 2021, when a … Read more
As the rate of “grey divorces” rises among baby boomers, the financial impact on their retirement is becoming more apparent. Late-in-life separations not only affect immediate finances but can also derail long-term retirement plans, leaving many unprepared to live comfortably in their later years. For women, these financial setbacks are often more severe, leading to … Read more
Al Pacino, known for iconic roles in The Godfather and Scarface, had amassed substantial wealth throughout his five-decade career. But, as he approached his 70s, he found himself on the brink of financial ruin, losing an estimated $50 million due to a corrupt accountant’s mismanagement. In recent revelations, Pacino recounted the betrayal that left him … Read more
Photos for illustration purposes only Skullman/Pixabay.com A woman ended her marriage with her wealthy husband of three decades and is exploring avenues to claim some of his Social Security benefits. In a MarketWatch post, she explained how she raised the children, supported her ex-husband’s career goals, and missed decades of work that has severely impacted … Read more
