Author: Arabian Media staff

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Key Takeaways About half of U.S. employers check your credit history for at least some jobs and may turn you down because of what they find.The version employers see doesn’t include your credit score but does show current and past credit accounts along with other details.Employers must follow strict rules under the Fair Credit Reporting Act when using credit information in hiring decisions.Some states and cities limit or even ban the use of credit checks in the hiring process.If your credit isn’t great, review your reports early, fix any errors, pay down what you can, and be ready to explain…

A health savings account (HSA) is a tax-advantaged savings account for medical expenses like doctor visits, prescription drugs, and dental care. You can open an HSA if you enroll in a high-deductible health plan (HDHP).  High deductibles mean higher out-of-pocket costs, but your HSA contributions and withdrawals for eligible expenses are tax-free. This could save you money in the long term, especially if you have significant medical needs. Key Takeaways HSAs allow you to pay for qualified medical expenses using pre-tax income, which could save you money on out-of-pocket health care costs. Unlike comparable savings plans, such as flexible spending…

It takes one to know one, as they say. So explains Nick Leeson’s journey from single-handedly crashing one of the world’s oldest banks to investigating financial misconduct three decades later. After sinking the 233-year-old Barings Bank, Leeson, who was portrayed by Ewan McGregor in the film Rogue Trader, served time in prison and beat cancer. He has also built and maintained a lucrative speaking career on subjects like financial misconduct, risk, and regulatory failure, hosts a podcast, and teaches people how to trade. He’s also a member of the Red Mist Enforcement Unit, helping to sniff out the kind of…

Private equity is capital invested in companies that are not publicly traded or listed on a stock exchange. Private equity funds buy public and private companies with the goal of increasing their value over several years before selling them. These funds typically have a finite term of 10 years or more, though their average company holding period is closer to seven years. Private equity investments are illiquid; exiting them early can be difficult, and they can take years to deliver returns. Most private equity funds typically require an investment of at least $25 million from institutions and high-net-worth individuals. However,…

Taxes on Forex Options and Futures Contracts % of Gains or Losses   Treated As… Tax Rate  first 60%   long-term capital gains or losses 20% remaining 40%  short-term capital gains or losses 37% Important Section 1256 contracts held through the end of a tax year must be reported at fair market value—called marked to market—as capital gains or losses. Taxes for Over-the-Counter (OTC) Forex Traders Most spot traders trading over-the-counter (OTC) are taxed according to IRC Section 988 contracts. These are for foreign exchange transactions settled within two days, making them open to treatment as ordinary losses and gains. If you…

Interest earned on all U.S. Treasury securities, including Treasury bills (T-Bills), is exempt from taxation at the state and local level but is fully taxable at the federal level. Following the end of the tax year, in January of the new year, owners of Treasury bills should receive a Form 1099-INT from the Department of the Treasury. This form details how much interest was earned on government securities for the year, information that is also filed with the Internal Revenue Service (IRS). Key Takeaways Interest from Treasury bills (T-bills) is subject to federal income taxes but not state or local…

A long-term investment strategy entails holding investments for more than 12 months. This strategy includes holding assets like bonds, stocks, exchange-traded funds (ETFs), mutual funds, and more. It requires discipline and patience to take a long-term approach. That’s because investors must be able to take on a certain amount of risk while they wait for higher rewards down the road. Investing in stocks and holding them is one of the best ways to grow wealth over the long term. For example, the S&P 500 experienced annual losses in only 13 years between 1974 and 2024, demonstrating that the stock market generates returns much more…

The auto company that some Americans may still refer to as Chrysler became part of a conglomerate called Stellantis NV (STLA), based in the Netherlands, on Jan. 16, 2021. Fiat Chrysler Automobiles (“FCA”) officially merged with PSA Group, owner of the Peugeot automobile brand, at that time. Plans for the merger were announced in 2019 but were delayed due to the COVID-19 pandemic. The combination makes Stellantis the world’s fourth-largest automobile maker by volume with 14 vehicle brands and two mobility brands under one roof as of 2025. Fiat Chrysler vehicle brands include Chrysler, Dodge, Fiat, Jeep, Ram, Alfa Romeo,…