In a recent interview on YouTube, Rich Dad Poor Dad author Robert Kiyosaki said that the US Federal Reserve has been buying gold for almost a year now, likely because of the spiralling national debt of nearly $36 trillion, which is accruing interests of over $1 trillion for the first time in history. Kiyosaki believes … Read more
Over 72.79 million Americans received some form of Social Security benefit in October, where the average monthly benefit stood at $1,787.08. The Social Security program serves as a crucial source of income for more than 54.15 million retirees across the country. While Social Security is designed to support retirement income levels, beneficiaries increasingly rely on … Read more
Powell’s current term as Fed chair ends in 2026 AFP US Federal Reserve Chair Jerome Powell said Thursday that he would not resign if asked to leave early by President-elect Donald Trump. Speaking at a press conference after unveiling a quarter point interest rate cut, Powell — whose term as Fed chair ends in 2026 … Read more
Bitcoin is on course for one of its biggest September gains as a global wave of interest-rate cuts, headlined by the US Federal Reserve, helps the largest digital asset to buck a seasonal jinx. The token is up over 10% this month, contrasting with an average 5.9% decline in September during the past decade, data … Read more
Pune: Tyre makers are headed for a rough patch as the price of natural rubber has increased more than 33% on-year in just the first five months of this fiscal year amid strong demand and crunched supply, which could strain their profitability, Crisil Market Intelligence and Analytics (MI&A) said. Domestic prices of natural rubber closed … Read more
The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve. Following a regular meeting BoE governor Andrew Bailey said the central bank needed “to be careful not to cut too fast or by too much”, as … Read more
Mumbai: India equity indices opened flat on Wednesday following a mixed trend in global markets ahead of the US Federal Reserve monetary policy decision later in the day. At 9.42 a.m., Sensex was up 38 points or 0.05 per cent at 83,117 and Nifty was up 10 points or 0.05 per cent at 25,430. In … Read more
Retirement vehicles like 401(k) and individual retirement accounts (IRA) offer multiple tax benefits, high annual contribution limits, and investment options tailored to grow your hard-earned money with the power of compounding interest. Many 401(k) account holders choose to roll over their 401(k) investments into a traditional IRA for more personalised investment choices, better control over … Read more
HONG KONG: Among those looking forward to the US Federal Reserve’s interest rate cuts, few are as anxious as Hong Kong’s property tycoons who are now dealing with sluggish home sales, empty office buildings, and mutinous tenants demanding lease renegotiations. About 60 per cent of listed property companies’ debt is borrowed at floating rates. Banks charge New World … Read more
An August YouGov survey of over 1,500 US adults revealed that inflation and elevated prices were the most pressing issues for voters. Many were also concerned about the weakness in the US jobs markets and the overall economy. US Vice President Kamala Harris and former President Donald Trump are trying to win voters by focusing … Read more
