Author: Arabian Media staff
A common rule of thumb suggests saving enough to replace 70% to 80% of your pre-retirement income to maintain your lifestyle in retirement. For the average American, it may be challenging to build a nest egg this large, but not for the top 10%. These high-net worth individuals have accumulated just shy of seven figures in retirement funds by thinking long-term and investing consistently. Studying their habits reveals that securing a comfortable retirement isn’t about just income but also approach. Key Takeaways The top 10% have built retirement savings of almost seven figures, surpassing the average American.Tax-advantaged strategies, like backdoor…
After years of middling success on the big screen, Apple has bet big on the racecar movie starring Brad Pitt with a budget of nearly $250 million. Source link
Layoffs have recently surged across industries, leaving many workers wondering: What should I do if I’m next? From January through May 2025, there was an 80% increase in job cuts compared to the same period last year, according to a report by the business and executive coaching firm Challenger, Gray & Christmas. Retail layoffs alone soared by 274% year-over-year. With nearly half of U.S. managers predicting their company will lay off workers in 2025, preparing your finances is more important than ever. “Stop the emotional spiral and start organizing,” Stoy Hall, CEO of the financial advisory firm Black Mammoth, told…
Members of Congress generally like to trade stocks, and many of them are suspiciously good at it. Some say it’s luck or good investing instincts. Some critics argue that they’re using inside knowledge about forthcoming policy changes and economic developments. Whatever their secret, mimicking the serial market-beating stock trades of congressional representatives and senators is a tempting proposition. And it’s now possible, thanks to laws requiring members of Congress and their spouses to disclose their investments, as well as a pair of exchange-traded funds (ETFs). Key Takeaways Members of Congress have access to information the public doesn’t know that could…
Image: Getty Images/ For illustrative purposes The Etihad Credit Bureau (ECB), the UAE’s federal entity for credit information and analytics, has announced a strategic partnership with DubaiNow, the Dubai government’s unified smart services platform, allowing users to access their credit report and credit score directly through the app. The integration enables individuals to retrieve their credit data with a single click, significantly enhancing user convenience and digital accessibility. “Etihad Credit Bureau is committed to advancing the UAE’s digital transformation agenda by fostering integration across local government platforms,” said Marwan Ahmad Lutfi, director general of Etihad Credit Bureau. “By leveraging advanced…
The cryptocurrency-trading platform is expected to put up big numbers through 2027 at least. Source link
The proposed regulatory text from the Education Department would ban certain employers from being eligible for Public Service Loan Forgiveness. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Former Barclays chief Jes Staley has failed to persuade a California court to throw out an investor lawsuit over his ties to Jeffrey Epstein, in the same week that he lost a separate UK court battle over his ties to the late sex offender. Staley, Barclays and its chair Nigel Higgins had asked the California court to dismiss a claim by a group of investors in Barclays’ US securities, which alleges that they misrepresented Staley’s relationship with Epstein and therefore inflated the…
As President Donald Trump struggles to unite Republican lawmakers around his megabill, a range of provisions continues to divide the GOP — including one focused on artificial intelligence. Source link
For the second year in a row, China (including Hong Kong) and India had the second- and third-highest number of billionaires with 516 and 205, respectively. India’s Mukesh Ambani was the 18th-richest billionaire with $92.5 billion, while TikTok co-founder Zhang Yiming of China was the 23rd-richest person with a net worth of $65.5 billion. A total of 288 new billionaires entered the list in 2025, including some famous names: Bruce Springsteen, with a net worth of $1.2 billionArnold Schwarzenegger, with a net worth of $1.1 billionJerry Seinfeld, with a net worth of $1.1 billion Forbes has been publishing its list…