Author: Arabian Media staff

With DIY investing blowing up on social media, it’s easy to fall into the trap of thinking that everyone around you has an established portfolio. However, the top comment on any financial influencer’s video on TikTok or YouTube usually echoes one sentiment: I want to invest, but I’m scared. People who feel this way are more common than you might think. According to a 2024 World Economic Forum survey, 40% of individuals made the decision not to invest because they feared losing money. Key Takeaways Fear of investing is common. According to a 2024 World Economic Forum survey, 40% of…

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Visa Inc. (V) is one of the most widely used and well-known digital payment companies, with service in more than 200 countries to consumers, merchants, governments, and major financial institutions. Visa offers authorization, clearing, and settlement services for merchants and institutions. A common misconception is that Visa issues credit cards. Instead, Visa makes its profits by selling services as a middleman between financial institutions and merchants. The company does not profit from the interest charged on Visa-branded card payments, which instead goes to the card-issuing financial institutions. While Visa does not issue credit or debit cards, the company does offer…

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Rent prices have soared since the pandemic, leaving many Americans unable to afford to keep up with their expenses. According to Zillow, the average cost of rent is $2,100 per month, which is enough to put pressure on household budgets and make it harder to save or pay down debt. But thanks to a surge of new apartments flooding the market, renters now have a chance to ease the strain on their wallets. Since landlords are more willing to negotiate, renters who speak up may be able to secure rent concessions such as a free month, reduced security deposit, discounted…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Christie’s, the auction house owned by billionaire François Pinault’s Artémis Group, is looking to Donald Trump’s flagship tax and spending bill to help revive the stagnant art market after a period of geopolitical uncertainty weighed on sales.The auction house reported flat first-half sales of $2.1bn on Tuesday as the art market continues to struggle. The result improved on the same period last year, when sales slid 22 per cent. The house said that luxury categories such as jewellery and wine had shown…

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