You worked hard for your retirement, made careful financial decisions, and trusted that the advice you received about your pension was in your best interest. But what if it wasn’t? Pension mis-selling is becoming a serious issue, especially for people nearing retirement or already drawing down their funds. It often comes disguised as “expert” advice,
Personal Finance
Building a relatively defensive dividend portfolio that yields $10,000 per month doesn’t have to be difficult. But those seeking such a colossal monthly income stream are going to need a massive amount of capital.
A trader works on the floor of the New York Stock Exchange in New York City. File photo: VCG
The US economy posted its first contraction in three years, data from US Bureau of Economic Analysis (BEA) showed on Thursday (US time). Chinese and foreign experts said the latest data is a further indication of the damage of the tariffs imposed by the US administration that has on the US economy,
» Read more about: CNBC Daily Open: Wall Street is chill, cheeky and cruising »
$20 Bn Wiped Out! Israel Counts Losses After War Against Iran, ‘BEGS’ U.S. For Damages | Report
Israel is facing a deepening financial crisis after its 12-day war with Iran, with direct losses estimated at $12 billion and total costs potentially reaching $20 billion. The war’s toll includes military expenses,
The Social Security Administration said Thursday that it had hired Edward Coristine, the 19-year-old nicknamed “Big Balls” who the White House said earlier in the week had left the Trump administration.
Coristine joined the Social Security Administration this week as a special government employee, a type of temporary position with relatively few disclosure obligations,
Warren Buffett, the legendary “Oracle of Omaha,” has built one of the most impressive fortunes in modern history through decades of savvy investing and his leadership of Berkshire Hathaway.
The US economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration’s aggressive tariffs on imported goods.
Gross domestic product decreased at a downwardly revised 0.5 per cent annualized rate last quarter, the Commerce Department’s Bureau of Economic Analysis (BEA) said in its third estimate of GDP on Thursday.
» Read more about: US economy shrinks faster than first estimated in early 2025 »
The upcoming July 9 tariff deadline is creating serious uncertainty for India and the global economy. Pravin Krishna, Professor of International Economics at Johns Hopkins University, explained that if negotiations fail, tariffs on Indian exports to the US could rise from around 5-7% to nearly 26%.
He said, “There’s an extraordinary amount of uncertainty at the moment.” This sharp tariff increase would impact roughly $85 billion worth of Indian exports,
Indian stock markets are more likely to rise than fall in the third quarter of the financial year 2026 (Q3 FY26), Morgan Stanley said in a note on Friday.
The global brokerage remains bullish on Indian equities, expecting strong growth data, supportive moves by the Reserve Bank of India (RBI), and better-than-expected corporate earnings to push the market higher from July onwards.
» Read more about: Morgan Stanley Predicts Bullish Q3 FY26 For Indian Markets »