Author: Arabian Media staff
AWS didn’t see the same growth acceleration as its cloud rivals, raising questions about the returns on Amazon’s high AI spending. Source link
Many Americans dream of retiring with a million-dollar nest egg —Americans in general think you need about $1.5 million to retire—but the reality is starkly different. Using figures from the U.S. Federal Reserve’s Survey of Consumer Finances (updated to 2022 but released in 2025), only about 2.5% of all Americans actually have $1 million or more saved in their retirement accounts—a figure that might shock anyone used to seeing financial media and their depictions of average Americans amassing enormous portfolio gains in recent years. Among actual retirees, only 3.2% have reached the $1 million threshold. Key Takeaways Only 3.2% of…
Image credit: Getty Images The twists and turns in US President Donald Trump’s tariff policies have not only roiled global financial markets but also taken investors on a roller-coaster ride. Adding to the uncertainty are tariff-related legal challenges and Trump’s assertion that he will hammer out bilateral deals with trade partners. Read-Trump hits more countries with steep tariffs, markets tumble Last week, the US struck a framework trade agreement with the European Union, halving the earlier threatened rate to a 15 per cent import tariff on most EU goods and averting a bigger trade war between the two allies that…
Switzerland was looking at a 31% tariff rate for its exports to the U.S. That’s now 39% barring a further deal, and some are reeling. Source link
Presidential pardons have the power to wipe clean criminal records and erase financial penalties worth hundreds of millions of dollars. While this constitutional authority was intended as an act of mercy, recent pardons have eliminated some of the largest restitution orders in U.S. history—leaving victims of massive fraud schemes without compensation they were promised. From tax evasion schemes worth tens of millions to securities fraud involving hundreds of millions, these pardons have sparked intense debate about justice, accountability, and whether the pardon power should extend to erasing financial obligations to victims. Key Takeaways U.S. presidents have pardoned individuals responsible for…
Image credit: justintimberlake/Instagram Grammy-winning singer and actor Justin Timberlake has revealed he has been living with Lyme disease, a debilitating illness that he says impacted his recent global tour but also gave him a deeper appreciation for his career and fans. Timberlake joins a growing list of celebrities who have publicly battled the disease, including Justin Bieber, Avril Lavigne, Bella Hadid, Yolanda Hadid, Ben Stiller, Shania Twain, Alec Baldwin, Amy Schumer, and Debbie Gibson. The 44-year-old pop icon shared his diagnosis in a heartfelt post on Instagram on Thursday, just after concluding his Forget Tomorrow world tour, which spanned more…
Borrowers enrolled in the SAVE plan will see their balances start to tick up Source link
There’s no connection between bigger trade deficits and slower economic growth. Source link
Imagine if the headlines in your news feed also came with a live price tag—one that ticks up when new polls favor a candidate or down if a star quarterback tweaks an ankle. That’s the premise of prediction markets, exchanges where you can trade “Yes/No” outcome contracts on a range of future events. These markets span from betting-style platforms to federally-regulated event contracts that trade like traditional investment options. How Prediction Markets Work In a prediction market, every contract lists a verifiable question—e.g., “Will Movie X open this weekend with a gross above $100 million?”—along with a settlement date and…
It’s the new president’s tax proposals that upset the market, not the 15% U.S. tariffs Source link