Cash News If you have a complicated relationship with budgeting, the 50/30/20 rule could help. Rather than breaking down your monthly spending into dozens of tedious categories, this budgeting strategy takes a simpler approach. The rule says you should spend about 50% of your after-tax income on needs, 30% on wants, and 20% on savings […]
Cash News On paper, things look pretty good right now. The S&P 500 is up 15% so far this year, inflation has cooled significantly, and the unemployment rate is relatively low. However, some economists believe that there are some indicators that the economy is slowing down and that a recession could strike within the next […]
CashNews.co Unlock the Editorās Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than 5,000 people who invested in Neil Woodfordās collapsed equity fund are suing Hargreaves Lansdown, claiming the UKās largest investment site continued to recommend the product even as it ran into trouble. Claims […]
CashNews.co Stay informed with free updates Simply sign up to the Investment Banking myFT Digest — delivered directly to your inbox. The trading accounts of US banks topped $1tn in the third quarter ā their highest level in more than 16 years and close to an all-time high ā as the nationās largest financial firms […]
CashNews.co Namibia could double its annual GDP growth to 8 per cent within a decade and reduce its dependence on diamonds because of new offshore oil and gas finds, according to the southern African countryās mining and energy minister Tom Alweendo. Alweendoās party Swapo, in power since independence in 1990, hopes the promise of riches […]
CashNews.co Unlock the Editorās Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European markets are lagging behind Wall Street by a record margin after Donald Trumpās election victory pushed the regionās stocks lower and sent the euro tumbling. US stocks hit record highs after Trump secured […]
CashNews.co Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. Nigerian business tycoon Aliko Dangote is seeking to raise billions of dollars to step up production at his $20bn oil refinery on the outskirts of Lagos. The industrialist is in talks with […]
CashNews.co Stay informed with free updates Simply sign up to the Commodities myFT Digest — delivered directly to your inbox. Albemarle, the worldās largest lithium producer, says it is not economically viable to build a supply chain in North America and Europe that could wrest control of critical minerals from China. Kent Masters, chief executive […]
Cash News Total consumer debt reached an all-time high of $17.7 trillion in the second quarter of 2024, while Americansā pandemic-era excess savings were depleted by March, according to the consulting firm Deloitte. Its report states that the strength of the U.S. consumer will be tested in 2025. Thatās why now is the perfect time […]
Cash News If you have a significant goal, like paying off credit card debt or renovating your kitchen, you may be interested in tapping into your home equity to help you afford it. You can access your home equity ā what your property is worth minus what you still owe on it ā in several […]