Since the end of February, the three major indices of the stock market – Standard & Poor’s 500, Dow Jones industrials and the Nasdaq composite – have fallen by a few percent. One may ask: Is that all? Does the market not know that there is a war? Yes, the stock market knows. It doesn’t … Read more
A union plan to improve retirement benefits for newly hired public workers would cost taxpayers about $1.5 billion a year, according to people briefed on the proposal. The union’s plan to change the Tier VI pension law is the beginning of making changes as part of the state’s $263 billion budget, officials said. The proposal … Read more
How worried are America’s rich about the possibility of being hit with higher taxes for Social Security? Most, according to the endless creativity of their proposals to improve the financial conditions of the program by cutting benefits instead of collecting money (usually from our very rich taxpayers). The latest action on this fence comes from … Read more
It’s been a year since Independence Day, and Americans are still feeling the toll. Loading audio description… US trade policy has changed frequently since President Donald Trump announced sweeping tariffs, including higher tariffs on major partners like China and the European Union. Retailers such as Walmart and Target raised prices to compensate, and some customers … Read more
Investors endured the worst month for the S&P 500 since March 2025 as the war in Iran, rising oil prices, fears of artificial intelligence and high inflation, all weighed on market sentiment. For many high-net-worth and high-quality investors, volatility has been an opportunity to buy dips, balance investments and look for beneficiaries amid political tensions, … Read more
Consumers continue to feel the effects of inflation on their finances. In February, the Consumer Price Index, which tracks the cost of consumer goods and services, showed a rise of 2.4% over the past 12 months. And according to another world policy organization, the US war with Iran and its effects on the price of … Read more
Food price rises could hit 9% in the UK this year, even if the strait of Hormuz opens in the next few weeks, figures suggest, as the Iran war raises energy prices. The Food and Drink Association, which represents 12,000 food and drink manufacturers, has predicted that prices will rise by “at least” 9% by … Read more
I received an email last week from a reader who recently retired. He had done everything right – saved diligently, paid off the mortgage, built a $680,000 nest egg. In October, three months into his retirement, he was Googling “this is all there is” at 2am. His story hit me harder than I expected. Maybe … Read more
If OpenAI is going to float this year, it must sink in its business model. The wow factor surrounding the American company – the poster child of the boom in the AI industry that has sparked fears of the stock market – has been established for a long time, but when will the profits come? … Read more
Question: “I am 37 years old and together with my partner, we usually had a combined annual income of $10-13K a year. We did not stop living like college students. But thanks to a well-made agreement, I have my house, and it was worth $1.2 million in 2020. My plan was to take that money … Read more