Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US hardware retailer Home Depot has reached a deal to purchase building products distributor GMS for $5.5bn, besting a rival proposal from the investment vehicle of billionaire investor Brad Jacobs that is backed by investors including Jared Kushner, Sequoia Heritage and the Walton family.The Atlanta-based company said GMS, which operates a network of more than 300 construction supply hubs in North America, will become part of Home Depot’s SRS Distribution subsidiary, which it acquired for $18.25bn last year in a bid to…
A 2025 Yahoo! Finance poll found that just 22% of Americans felt comfortable about the amount of money they’re able to stash in savings. Does that mean that a travel vacation is out of the question for 78% of us (at least without racking up the credit card bills)? Not necessarily. Read on to learn how you can build your travel fund with a “set it and forget it” approach to your savings. Key Takeaways The “set it and forget it” savings approach involves recurring, automatic, prescheduled, and predetermined transfers of money into a savings vehicle.Banks offer these savings programs,…
The financial advice industry is still chewing up and spitting out female advisers Source link
The fortieth birthday is a major life milestone, but it’s also a time to get serious about your retirement savings. According to Fidelity Investments, you should aim to have about three years’ salary saved for retirement by the time you hit 40. In other words, if you make $50,000 a year, you should aim to have $150,000 saved up. If your annual income is $80,000, your goal should be $240,000. With these numbers, you can expect to replace 45% of your pre-retirement income. The rest of your retirement income is expected to come from Social Security. Fidelity’s estimate assumes that…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK chancellor Rachel Reeves is expected to announce plans to cut the annual tax-free cash Isa allowance in her Mansion House speech next month, in an effort to shift some of the £300bn cash pile into British companies.Government officials said Reeves was planning to set an annual limit for cash Isas at a lower level than the current £20,000-a-year overall ceiling on the amount British savers can shield from tax in individual savings accounts.The chancellor has previously promised not to reduce the…
U.S. stocks have climbed to record heights, but platinum’s rise — on the back of a global supply shortage of the metal since 2023 — is quite impressive too. Source link
Image credit: Dubai Media Office/Website In a landmark step toward the future of urban air mobility, Dubai’s Roads and Transport Authority (RTA), in partnership with US-based Joby Aviation, has successfully conducted the first test flight of an electric aerial taxi in the region. The flight, performed at a desert test site in Dubai, marks a critical milestone in the emirate’s goal of introducing electric vertical take-off and landing (eVTOL) aircraft as part of its public transport infrastructure. Read-Flying cars in the UAE? Trial date for electric air taxi revealed The trial flight featured Joby Aviation’s all-electric aircraft, which is capable…
GMS’s drywall and steel frame products could be rolled into Home Depot’s SRS Distribution roofing, landscaping and pool-products business. Source link
Research shows that one branch of healthcare services can be particularly difficult to access under Medicare — and seniors can pay a high price. Source link
Divorce can be scary, and the prospect can trigger a range of emotions, including anger, grief, sadness, guilt, and anxiety. While the emotional burden can be hard to bear, there are also major implications for your financial and professional life. If you know divorce is on the horizon, take a step back and reevaluate your situation so you don’t fall behind. Key Takeaways Married couples tend to work and save more when there is a heightened risk of divorce.Divorce can lead to a heightened sense of financial insecurity.Women may seek financial and professional changes in anticipation of a divorce. Why…