Author: Arabian Media staff

For Thanh Cong Garment, a Vietnamese supplier to apparel companies including Adidas, Calvin Klein and Columbia, a trade deal to avoid the worst of US President Donald Trump’s tariffs should have been a huge relief.Vietnam was one of only two countries that Trump said has clinched a deal with the US by a July 9 deadline to avoid his so-called reciprocal tariffs. This week, many of its neighbours received letters from the White House threatening, in some cases, higher levies.But the company was left puzzling over the lack of detail in the agreement. Trump announced a blanket 20 per cent…

Transactions within an individual retirement account (IRA) are not taxable. Stocks, funds, and other securities can be purchased and sold within an IRA account without triggering any consequences. Potential tax consequences are only triggered when money is withdrawn from an IRA account altogether. Key Takeaways Sales and purchases made within an IRS are not taxable.This rule applies to all investment transactions, regardless of whether you accrue capital gains, dividend payments, or interest income.Funds cashed out from an IRA or Roth IRA before age 59½ are typically subject to a 10% early withdrawal fee, with some exceptions.Withdrawals after age 59½ from…

There are plenty of things that need planning when you move states, and finding a new financial advisor is often at the top of that list. But as digital solutions like secure videoconferencing, e-signatures, and cloud-based financial planning platforms becom more prevalent, is it truly necessary to switch out your advisor due to distance? According to experts, the answer is not necessarily. “Most financial advisors are licensed to operate in multiple states or can apply for the necessary licenses to continue serving clients who relocate,” said Jake Falcon, chief executive officer and founder of Falcon Wealth Advisors. “If your advisor…

Stay informed with free updatesSimply sign up to the European banks myFT Digest — delivered directly to your inbox.An Italian court has confirmed that lender UniCredit must comply with a government demand to exit from Russia if it wishes to complete the takeover of rival Banco BPM, in a blow to chief executive Andrea Orcel.The request by Giorgia Meloni’s government is “totally legitimate” and “there can be no doubt about the fact it is proper”, the court ruled. But it partially upheld an appeal by UniCredit on other measures demanded by Rome as conditions of the takeover.In the landmark ruling,…

Taxes, investment risk, inertia — adding a sizable sum to your net worth presents new challenges. Source link

Almost half of Americans say they don’t have a financial plan, and many feel unable to meet their goals. Without a roadmap to managing money, saving for retirement, and weathering hardships, it’s difficult to envision a safe financial future. According to Allianz Life’s 2025 Retirement study, 47% of Americans do not have a written financial plan. Moreover, only 70% feel confident that they can meet their financial goals, down from 83% in 2020. Poor financial planning is a major factor in that insecurity. A written financial plan is more than just numbers in a notepad or spreadsheet. It can provide…

The dollar sign ($) is one of the most recognized currency symbols in the world. But where did this familiar emblem come from? It’s believed to have originated from shorthand for the Spanish peso, PS, which was eventually abbreviated to Ps, until the “S” remained and the “P” became a vertical line through it. Let’s take a look at the history of the symbol and the importance of the dollar in the global economy. Key Takeaways The dollar sign most likely originated as shorthand for the Spanish peso, morphing into the emblem we know today.Other origin theories exist, such as…

President Donald Trump on Saturday announced 30% tariffs on the European Union and on Mexico, cementing a new high level of levies with key trading partners ahead of an Aug. 1 implementation. Source link

Some of today’s wealthiest individuals are giving away millions without saying a word. This rising trend, sometimes called “stealth giving,” is about more than just privacy. It reflects a shift toward more intentional, values-aligned philanthropy, especially among younger donors who want impact over recognition. Let’s explore how stealth giving works, what’s driving its popularity, and how you can adopt a similar approach, whether or not anyone knows your name. Key Takeaways More high-net-worth donors are choosing long-term impact over public recognition. Donor-advised funds (DAFs) offer a tax-efficient and discreet way to give. Everyday givers can support causes discreetly by using…

For working parents seeking reliable, affordable childcare, an au pair can be an attractive option. Here’s how au pairs are paid and how they fit into the broader American childcare economy. An au pair, a young person from a foreign country, provides live-in childcare services in exchange for room and board, plus cash and non-cash compensation toward their education. Key Takeaways An au pair’s weekly cash stipend of $195.75 falls well below both federal and state minimum wages in the U.S.They provide up to 45 hours per week of live-in childcare under the J-1 cultural exchange visa program.With rising childcare…