Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A senior UK Whitehall official has made a rare intervention to pressure the rail sector’s independent regulator to limit approvals for new “open-access” train operations, saying they would cost taxpayers too much.The move could affect efforts by FirstGroup, Sir Richard Branson’s Virgin Group, Arriva and the trainmaker Alstom to start services linking places that are poorly served by existing rail franchises or public sector train operators.Open-access operators are privately run rail companies that run services on the national rail network without government…
Pet owners share the financial hoops they’ve jumped through for their cats and dogs — from taking out loans and eating ramen noodles for a month, to shelling out $500 for a dog fart. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump’s “breathtaking fiscal policy excess” and attacks on the Federal Reserve’s independence risk diminishing the US’s status as the ultimate safe haven for foreign investors, economists polled by the Financial Times have warned.The poll, conducted by the Kent A Clark Center for Global Markets at the University of Chicago Booth School of Business, found that more than 90 per cent of economists surveyed were either somewhat concerned or very concerned about the safe-haven role of US dollar denominated assets…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldPresident Donald Trump says he has found a “group of very wealthy people” to buy the US operations of TikTok as part of efforts to separate ownership of the social media platform from China.“We have a buyer for TikTok. I think I’ll need probably China approval and I think President Xi will probably do it,” Trump told Fox News in an interview on Sunday.The US government has repeatedly delayed its deadline for TikTok owner ByteDance to divest its American operations…
July is historically a strong month for stocks, but macroeconomic updates loom. Source link
Americans tend to spend more than they realize on digital subscriptions, which quietly chip away at bank accounts long after a free trial ends. On average, Americans underestimate their monthly spending on subscriptions by $133, according to a 2022 survey. The truth is that sometimes the fastest way to make money is to stop losing it. You could give yourself an instant raise by canceling forgotten or unnecessary subscriptions. Key Takeaways Hidden recurring charges and forgotten subscriptions can quietly drain hundreds or thousands of dollars from your bank account each year.Simple tools and apps can help you spot, track, and…
US energy companies are pouring record sums into building power plants and transmission lines to meet electricity demand from data centres, raising concerns that the costs may be passed on to consumers.According to Jefferies investment bank, utility capital expenditure is expected to hit $212.1bn in 2025, a 22.3 per cent rise year on year and a 129 per cent increase compared with a decade ago. Investment is forecast to reach a record high in 2027 of $228.1bn.“Companies are investing in generation and transmission to reindustrialise the economy,” said Julien Dumoulin-Smith, power utilities and clean energy analyst at Jefferies.“Over the last…
Among American workers approaching retirement, one question might keep popping up: Should I grab my benefits the minute I turn 62? Lately, more Americans have been answering yes. Nearly two-thirds of the 50 million retired workers in 2023 were collecting a reduced check because they filed before reaching full retirement age. Retirement claims also increased by more than 276,000 from October 2024 to April 2025 compared to the previous year, a 13% jump, with more retirees claiming Social Security earlier, according to the Urban Institute. Analysts have linked the trend to inflation shocks, market volatility, and fears that Congress may…
As temperatures get hotter and hotter, many are inclined to cool their homes for a bit of relief. But rising temperatures don’t have to mean rising electricity bills. With a few considered changes in your home, you can keep your energy bills low while still keeping cool. Key Takeaways Consciously adjusting your thermostat to the right temperature can keep your home comfortable without driving up costs.Seal drafts around windows and doors to keep cool air inside so your air conditioning doesn’t have to work as hard.Using air conditioning in off-peak hours can reduce how much energy you use.Ceiling fans can…
Since 1982, residents of Alaska have received a combined $31.3 billion from the Alaska Permanent Fund, a unique revenue-sharing program fueled by oil and mineral royalties. As the largest sovereign wealth fund in America, it distributes dividends to Alaskans, with the amount fluctuating annually based on its performance. If you’re a full-time resident of the state, you’re eligible for annual dividends, making Alaska the only U.S. state that effectively pays you to live there. This could result in significant earnings over a lifetime. On average, residents have received $1,229 per year since the fund launched in 1982, or roughly $4,916…