Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.Invest long, borrow short and leverage up as much as possible. That is the way to make money in finance. It is how banks have always made their living. But we also know very well that this story can end in panic-stricken runs for the exit and financial crises. That is what happened in the great financial crisis (GFC) of 2007-09. Since then, as the Bank for International Settlements explains in its latest Annual Economic Report, the financial system has changed a…
If you are a gig worker, there’s a good chance you’ll need to make quarterly tax payments instead of one big payment in April. Here’s what you need to know about making quarterly tax payments when you make a living as a gig worker. Key Takeaways Many independent contractors are required to pay taxes every quarter, instead of every year. To prepare for four tax payments instead of one, you’ll need to keep close track of your payment records. It is also a good idea to put aside some money for your taxes each time you get paid so the…
BCA Research, led by strategist Peter Berezin, is not celebrating the S&P 500’s recent wins. In fact, they are warning of losses to come. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.What could be more relatable than a holiday spending blunder? Last December, US department store chain Saks acquired rival Neiman Marcus for $2.7bn. To help fund the deal, it issued $2.2bn in bonds. And already, the combined business has found itself struggling to meet a $120mn interest payment due on Monday.Saks has responded in a no less relatable way: by going deeper into debt. Late on Friday it announced a complex $600mn fundraising that provides some breathing room. But the US retail…
Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.Jay Powell said a July interest rate cut was not “off the table” for the US Federal Reserve, in an apparent softening of his position that the central bank should wait until the autumn to start lowering borrowing costs. The Fed chair, who has come under mounting pressure from President Donald Trump to slash rates, had signalled in recent weeks that any reduction before September was unlikely. But asked on Tuesday whether a cut this month was out of the question, Powell responded: “I…
Private equity could expose investors to greater risks and potentially higher fees Source link
One of the great things about individual retirement accounts (IRAs) is that they can significantly grow your retirement savings, even with modest contributions. But you’ll only see growth with proper management, and that requires more than just making regular contributions. It requires t intentional, strategic investing and monitoring your performance. The “set it and forget it” attitude that some people maintain can lead to missed opportunities and little to no returns. So if you want to see some momentum with your retirement savings, you have to use your IRA the right way. Key Takeaways IRAs are great for growing retirement…
“We have around $375,000 in investments in mutual funds and stocks with Morgan Stanley.” Source link
If the domestic-policy bill passes, repayment plans and borrowing limits on some types of loans will change. Source link
Summer is a great time to get out there and make some extra cash. Whether you want to pet sit when the owners go on vacation or even house sit in their home, tutor students, or deliver food, there is a side hustle for everyone. Here are some side hustles to consider trying out this summer if you want to earn some extra cash. Key Takeaways Side hustles are great ways to make some extra cash this summer.If you’re using an online platform to find jobs for your side hustle, make sure you factor in any fees that the platform…