Today: 5. Nov, 2024
The alarming reality confronting numerous Americans is the impending retirement age without any financial cushion. Recent data shows a mere 10% of low-income workers aged between 51 and 64 had retirement savings in 2019. This is a sharp decline from 20% in…
US Defense Secretary James Mattis landed in Afghanistan, holding discussions with President Ashraf Ghani and other top officials. During a press briefing, Mattis highlighted his visit’s aim: to guide his advice regarding the US’s future strategy in Afghanistan. However, he remained tight-lipped…
Currently, US Treasury rates are surging. This spells trouble for the stock market and potential homebuyers. Recently, the US 30-year Treasury bond yield soared to its peak since 2011, while the 10-year note saw its best performance since October 2022. When bond…
Asian markets predominantly dipped on Friday, influenced by the upsurge in Wall Street bond yields, sparking concerns about persistent high-interest rates in the U.S. July’s data from Japan highlighted a 3.1% year-on-year consumer price increase, slightly down from June’s 3.3%, but surpassing…
Prominent economist, Jim O’Neill, believes that central banks should sustain interest rates close to 5% in major economies for a more extended period, even if inflation starts to decline. Many anticipate the U.S. Federal Reserve to hike interest rates by 25 basis…
While the current U.S. debt crisis has been temporarily resolved with a mutual agreement to increase the debt ceiling, it’s a temporary solution lasting approximately two years. With the potential of another governmental fiscal standoff on the horizon, it’s prudent to safeguard…
Asian equity markets exhibited a mixed performance on Friday following a third consecutive day of Wall Street slump in response to a hike in British interest rates. Indices in Shanghai and Hong Kong made gains while Tokyo’s index retreated. Oil prices showed…
In response to the U.S. long-term credit rating being downgraded by Fitch Ratings, global stock markets saw a significant decline on Wednesday. Nevertheless, renowned economists maintain a calm outlook. On Tuesday, Fitch, a recognized rating agency, demoted the U.S. long-term foreign-currency issuer…
President Joe Biden’s reelection campaign has pulled in a whopping $72 million in the first quarter since his April reelection announcement. This news comes directly from the campaign on Friday and might serve to alleviate worries over Biden’s fundraising prowess in his…
US Attorney David Weiss, who is leading the criminal investigation into Hunter Biden, has issued a letter denying allegations from IRS whistleblowers that he had been politically inhibited from conducting his work. In the letter obtained by CNN and addressed to Republican…
