Today: 22. Nov, 2024
Retirees are still feeling the impact of higher prices, but one buffer for the effects of inflation — the Social Security cost-of-living adjustment, or COLA — may be lower next year. As inflation moderates, the Social Security COLA for 2025 might be…
In a significant move for its over six crore subscribers, the Employees’ Provident Fund Organisation (EPFO) has set the interest rate on employees’ provident fund (EPF) deposits at 8.25% for the fiscal year 2023-24. This adjustment marks a three-year peak from the…
During an economic climate marked by high-interest rates and inflation, Canadian millennials face an unprecedented financial challenge regarding retirement planning. According to BMO’s annual retirement survey, millennials between 28 and 44 estimate they will need a staggering $2.1 million to retire comfortably,…
Amidst a surge of dry powder, the private equity sector seemed poised for a flurry of deals in 2023. However, a confluence of rising interest rates and global uncertainty has curtailed the expected surge in traditional private equity transactions, potentially paving the…
Facing an indefinite economic future, Fed Chair Jerome Powell has halted the rise after a streak of ten meetings resulting in interest rate hikes. In the first in over a year, the Federal Reserve announced it would maintain its benchmark interest rate…
