personalfinance
ValueWalk
While many of us might feel secure holding substantial funds in our primary bank accounts, a bank insider warns that having over $3,000 in your chequing account might not be as safe as you think. This advice sheds light on potential risks and offers a fresh perspective on how to better manage your money to ensure both security and financial growth. In a report, GOBankingRates consulted Rachael P., a veteran bank teller with a wealth of experience in customer banking practices and she shed light on how to be smart about having a banking account. Having witnessed firsthand the drawbacks of keepi...
IBTimes
Amazon founder Jeff Bezos will sell 25 million company shares worth nearly $5 billion, according to a July 2, after-market hours regulatory filing with the US Securities and Exchange Commission. The stock price reached a record high of $200.20 on the same day. In February, Bezos sold almost $8.5 billion worth of Amazon shares. The stock price jumped 80% last year and over 31% year-to-date to hover around $197.50 after hours on July 3. This year's upswing was fueled by the e-commerce giant's 13% year-over-year (YoY) net sales growth to $143.3 billion for Q1 ended March 31. Around $25 billion of...
IBTimes
ValueWalk
ValueWalk
In recent discussions on financial strategies and socioeconomic behavior, a surprising trend has emerged: affluent individuals filing for bankruptcy more frequently than those in dire financial need. This phenomenon has sparked widespread debate, challenging conventional notions of who actually utilizes bankruptcy as a financial lifeline. Traditionally viewed as a last resort for those facing insurmountable debt, bankruptcy is increasingly being used as a strategic tool by the wealthy to reset their finances. This step allows companies to rise from the ashes of bad financial decisions and it's...
IBTimes
ValueWalk
ValueWalk
Today, everything seems to come with a hefty price tag — thanks to inflation. The result? Financially, it can be hard to create a comfortable and stylish home. However, what if you could make your dream home a reality without going broke? Thanks to frugal homemaking, it’s possible. The art of creating a happy and functional household while being mindful of spending. The concept of frugal homemaking does not mean deprivation. It’s about using your resourcefulness and creativity while being mindful of spending to create a happy and functional household. In other words, it’s about maximizing your...
Due
In a letter obtained by Axios, sixteen Nobel Prize-winning economists have warned that the re-election of Donald Trump could reignite inflation due to his "fiscally irresponsible budgets." The economists expressed deep concerns about the potential risks to the US economy should Trump win the November election. The Nobel laureates emphasised that although their views on specific economic policies vary, they unanimously agree that President Joe Biden's economic agenda is "vastly superior to Donald Trump's" plans. Despite inflation cooling since April, it remains above the US Federal Reserve's 2%...
IBTimes
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