QI Research CEO and chief strategist Danielle DiMartino Booth and UBS Private Wealth Management managing director Alli McCartney react to the Fed voting unanimously to raise interest rates on ‘Making Money.’ The old saying on Wall Street, “Sell in May and go away” — when big investors move to the …
Read More »Trusts can help Britons ‘protect wealth’ and ensure it is ‘passed on’ to the right person | Personal Finance | Finance
A trust is a way of handling an asset, which can be a property, investments or an amount of money. Niki Patel, tax and trust specialist at St. James’s Place, spoke about the benefits of trusts and who they would suit. She said: “Individuals choose to set up a trust …
Read More »Warner Bros. Discovery projects profitability for its US streaming this year
Check out what’s clicking on FoxBusiness.com The CEO of Warner Bros. Discovery gave an update Friday on its U.S. streaming profitability timeline. In both the company’s first-quarter earnings release and a call with analysts, David Zaslav revealed the U.S. direct-to-consumer business’s profitability is projected to come “a year ahead of …
Read More »Soaring care home fees leave many paying £8,000 a month | UK | News
Older people are being forced to pay up to £8,000 a month for the care they need, a shock report has revealed. The huge bill follows care and nursing home costs more than doubling in the past 20 years. A report by healthcare provider LaingBuisson said average residential care was …
Read More »Adidas still dealing with $1.3B of unsold Yeezy sneakers
Red Banyan founder and CEO Evan Nierman and Ericho Communications CEO Eric Yaverbaum debate how Adidas managed the Ye controversy on ‘The Claman Countdown.’ Adidas’ top boss said Friday that the company is still deciding what to do with the piles of unsold Yeezy shoes that are mounting in its …
Read More »Early retirement: Dad achieves FIRE at 43 with £1.1million in savings | Personal Finance | Finance
A dad was able to retire early at the age of 43 in 2018 thanks to making smart saving and investing decisions. Jim White shared how this decision was motivated by wanting to spend more time with his wife, Lisa, and daughter, Faith. Mr White was able to retire early …
Read More »Silver lining of higher interest rates: Savings account rates
Carlyle Group co-founder and co-Chairman David Rubenstein unpacks his conversation with Federal Reserve Chair Jerome Powell on Tuesday and weighs in on his expectations for the U.S. economy. When it comes to rising interest rates, there tends to be a lot of gloom-and-doom discourse about the danger that more expensive …
Read More »Virgin Media O2 issues warning as millions overpay on their mobile phone by £530m a year | Personal Finance | Finance
Age UK found that more than 44% of people out of contract for 12 months are on low incomes (Image: GETTY) As the cost of living crisis continues, Britons are urged to check their mobile phone contract term to ensure they are not overpaying as providers are not making customers …
Read More »Apple’s second-quarter revenue and earnings come in above estimates
Primetime Partners Chairperson Alan Patricof discusses expectations for the tech giant’s fiscal 2Q results and weighs in on the AI boom on ‘The Claman Countdown.’ Apple’s financial results came in above estimates in both revenue and earnings per share (EPS) as it reported on its second quarter Thursday afternoon. In …
Read More »Mortgage warning as repayments set to soar as BoE may raise base rate next week | Personal Finance | Finance
As interest rates continue to rise, those coming off their fixed deals this year may be in for a “nasty shock” as they look for new fixes for their mortgage. The average two-year fix stood at around two percent in 2021 – the lowest level in history, however according to …
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