Author: Arabian Media staff

The Paris School of Economics sits on the drab grounds of what was once the École Normale Superieure for girls, tucked away on the city’s unspectacular bottom edge. The PSE was only founded in 2006. It only teaches graduate students. It can’t match Harvard’s $53bn endowment. Yet it’s a remarkably influential place.The school’s president, Esther Duflo, is a Nobel laureate in economics recently returned to her hometown from Harvard. The PSE’s co-founder, Thomas Piketty, did more than anyone else to put inequality on his profession’s agenda. Two decades ago, he also supervised the masters thesis of the school’s current star,…

Japan’s largest companies have said tariffs planned by the Trump administration could erode annual profits by tens of billions of dollars, with the probability of a bigger impact in the event of a US recession. Groups including Toyota, Sony and Mizuho could suffer a total hit as high as ¥4tn ($27.6bn), according to Financial Times calculations based on company guidance during the current full-year earnings season.The total could rise, with many companies refusing to provide estimates, citing “extreme uncertainty”, and some still to report.With executives at leading industrial groups reporting a massive impact from tariffs, pressure is increasing on the…

The median average credit card interest rate for May 2025 is 24.20%. Investopedia tracks over 300 credit card interest rates every month. May’s rate remained steady for a third straight month. Credit card interest rates tracked by Investopedia are based on median advertised rates across several hundred popular card offers. Investopedia’s average rates differ from those tracked by the Federal Reserve (the Fed), which was most recently reported to be 21.37% for the first quarter of 2025 because the Fed tracks average stated interest rates across all accounts at each reporting bank. Key Takeaways The median average credit card interest…

Crude oil prices rose Tuesday night, following a report that Israel is gearing up for a possible strike against Iran’s nuclear facilities. Source link

One key advantage of a 401(k) plan is that employers often provide a matching contribution. Employer matches represent a guaranteed return on your retirement investment, and it almost always makes sense to maximize them. If your employer doesn’t offer any match, you may be wondering if you should still participate. The short answer, in most cases, is that it does still make sense to contribute to a 401(k) because it can offer significant tax advantages. In this article, we’ll look at why participating in a 401(k) plan can make financial sense when there’s no employer match—and when it may not.…

M1 Finance and Merrill Guided Investing are vastly different when it comes to the type of digital wealth management platform they offer and the type of investor they seek to attract. M1 is a relative newcomer to the finance world, and Merrill Guided Investing’s parent company has been around for more than a century. They are difficult to compare head-to-head because they each target a very different group of clients. Both companies are among our top picks, with M1 Finance winning best for sophisticated investors, best for low costs, and best for socially responsible investing, while Merrill Guided Investing is…

Paid non-client of Betterment. Views may not be representative, see more reviews at the App Store and Google Play Store. Learn More about this relationship. Betterment and Merrill Guided Investing are two robo-advisors that can help you with automated investing. Betterment is a legacy, standalone robo-advisor, while Merrill Guided Investing is a newer offer from a well-recognized financial brand. Both made our list of the best robo-advisors, with Betterment winning best for beginners, best for tax-loss harvesting, best for crypto portfolio selection, and best for cash management, while Merrill Guided Investing is the winner of best for education. Betterment is a pure robo-advisor that has…

Dividend exchange-traded funds (ETFs) look for stocks with higher-than-average dividend yields, making them a good choice for income-oriented investors. The Standard & Poor’s (S&P) 500 is a broad index of large-cap American stocks. Some pay dividends, but others don’t. You can’t invest directly in the S&P 500. You must buy a mutual fund or ETF that mirrors the S&P 500—such as the SPDR (SPY)—to gain exposure to the whole of the S&P 500. The S&P 500 is often better for those who are looking to balance capital growth and income potential. It offers diversification across several sectors and has a…

‘We don’t see broad-based price increases for our customers at all going forward,’ exec says 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 has put a $175bn price tag on the development of a “Golden Dome” missile defence shield, promising the project would be “operational” by the end of his term.The so-called Golden Dome — whose name is a nod to the renowned “Iron Dome” shielding Israel — will be completed in two-and-a-half to three years, the US president said in an announcement from the Oval Office. The tax and budget bill before Congress includes $25bn to “help construction get under…