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  • RBA 'misled' Aussie mortgage payers before 'forcing' $18,000 misery: 'Never again'

    Australian mortgage holders are suffering through an $18,000 a year blow - but that's the reason interest rates should never drop to historic lows again.

  • Bank ‘tricks’ robbing Aussies $1,500 per year in savings: ‘On purpose’

    Banks are making savings accounts “complex on purpose” but you can still make the most of your hard-earned money.

  • ATO explains after Aussie's $5,300 disappointment: 'Confused'

    Many Aussies are being confronted with refunds much smaller than what was originally estimated.

  • I’m a Bank Teller: 4 Reasons You Should Withdraw Your Savings Right Now

    Roughly 95% of Americans have either a checking or savings account, according to the Federal Deposit Insurance Corporation (FDIC). For many people, a savings account is a great place to keep extra...

  • Some Investors May Be Worried About Air Products and Chemicals' (NYSE:APD) Returns On Capital

    If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

  • China central bank surprises by lending again at lower rates

    China's central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are trying to provide heavier monetary stimulus to prop up the economy. The medium-term lending facility (MLF) operation comes after the central bank cut several benchmark lending rates on Monday, just days after a top leadership meeting, which had outlined other major reforms. The People's Bank of China (PBOC) issued 200 billion yuan ($27.5 billion) in one-year loans under its MLF at 2.30%, down 20 basis points from its previous MLF loan, the bank said in a statement.

  • The Best Cryptocurrency to Buy Now

    We recently compiled a report on the 10 Best Cryptocurrencies to Buy Now and in this article we will look at the best cryptocurrency to buy now. Cryptocurrency is one of the most volatile markets as it mainly drives its value from Bitcoin (BTC), which is the biggest cryptocurrency. Bitcoin has almost 54% share of the […]

  • Kering's Half-Year Results Are Bleak

    Net profit was down a whopping 50%.

  • Can I Live Off The Interest of a $1 Million Portfolio?

    Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.

  • Young Aussie reveals ‘frustrating’ reality of HECS debt: ‘Sold a lie’

    The 23-year-old said her HECS repayments don't even scratch the surface of indexation.

  • China's top live-streaming influencer Dong Yuhui departs East Buy to pursue own venture

    China's top live-streaming influencer, Dong Yuhui, has left East Buy, the e-commerce arm of private tutoring giant New Oriental Education & Technology Group, marking one of the most striking exits in the sector and sending the US-listed parent's shares down in pre-trading. The 31-year-old Dong, a former teacher who gained fame and wealth in China's live-streaming e-commerce sector, left his employer because of "career aspirations, commitment to his other pursuits and personal time arrangements",

  • Chinese Solar Group Urges Faster Consolidation as Glut Deepens

    (Bloomberg) -- China should push struggling solar manufacturers to exit the market as soon as possible to reduce severe overcapacity in a sector that’s vital to the energy transition, according to a major industry group.Most Read from BloombergHarris Just Showed Why Trump Is So Afraid of HerI Changed My Mind. The Fed Needs to Cut Rates Now.What Initial Polling Data Show About the Trump-Harris MatchupHarris Targets Trump by Raising Threat of ‘Extreme’ Project 2025Stocks Extend Losses as Worries G

  • Women VCs Make Gains in Tech Investing Amid Diversity Backlash

    (Bloomberg) -- Women and nonbinary venture investors have gained a foothold in the technology industry five years faster than advocacy group All Raise expected, but leaders say a national backlash to diversity, equality and inclusion initiatives threatens the progress that has been made. Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Hold

  • Russia's Central Bank hikes interest rate as inflation soars

    Russia’s Central Bank on Friday raised its key lending rate to its highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow's military action in Ukraine. “Growth in domestic demand is still outstripping the capabilities to expand the supply of goods and services,” the bank said in a statement. It noted that inflationary risks have been driven by high inflation expectations and changing trade terms as a result of “geopolitical tensions,” a reference to Western sanctions against Russia over its action in Ukraine.

  • CATL Supplier Lopal Said to Seek $200 Million for Indonesia Unit

    (Bloomberg) -- Jiangsu Lopal Tech Co. is considering raising about $200 million for its Indonesian unit as it ramps up local production of materials used in electric-vehicle batteries, according to people familiar with the situation.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Trains Hit By Sabotage Hours Before Olympics Kick OffHarris Just Showed Why Trump Is So Afraid of HerTrump Won’t Commit to Debate Until Harris Formally NominatedGreat Rotati

  • Cencora, Inc.'s (NYSE:COR) Intrinsic Value Is Potentially 81% Above Its Share Price

    Key Insights Using the 2 Stage Free Cash Flow to Equity, Cencora fair value estimate is US$411 Current share price of...

  • Lilly loses $120 billion in value as rival obesity drugs impress

    (Bloomberg) -- Eli Lilly & Co. is down more than $120 billion in market value and its status as the poster child of the weight-loss drug frenzy is under threat with at least two rivals posting encouraging developments for their obesity treatments.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisHarris Just Showed Why Trump Is So Afraid of HerMarkets Tear Up Popular Trades That Reached ‘Stupid Levels’Stocks Caught in Tug of War Between Tech and Rest: Markets

  • Average rate on a 30-year mortgage inches up to 6.78%, first uptick in three weeks

    Mortgage rates inched higher this week, keeping the average rate on a 30-year mortgage essentially flat and near the 7% range it's been in most of this year. The rate rose to 6.78% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.11%, Freddie Mac said.

  • STMicro cuts full-year outlook for second time, shares tumble

    (Reuters) -Chipmaker STMicroelectronics (STM) cut its full-year revenue and margins guidance for a second time on weak industrial orders and lower demand for automotive chips, sending its shares sharply lower. "We are facing a longer and more pronounced correction in industrial than what we anticipated due to a progressive weakening of demand amplified by a severe inventory correction," CEO Jean-Marc Chery told analysts in a call.

  • Univest Financial Second Quarter 2024 Earnings: EPS Beats Expectations

    Univest Financial ( NASDAQ:UVSP ) Second Quarter 2024 Results Key Financial Results Revenue: US$71.3m (flat on 2Q...