Author: Arabian Media staff

The Consumer Price Index (CPI) is a broad measure of inflation within an economy in relation to the cost of goods and services. That figure can have a significant impact on the value of a currency in relation to the currencies of other nations. The CPI calculates the weighted average of prices for a basket of consumer goods and services, including costs of transportation, food, and energy. Economists use this CPI figure to assess price changes in individuals’ cost of living. When inflation is too low, a central bank like the Federal Reserve may cut interest rates in order to spur economic activity. When inflation…

According to a survey from Edelman Financial Engines, many Americans want a retirement that doesn’t tie them down. Nearly 40% of survey respondents said they wanted an “adventurous” retirement, while 24% said they wanted a “nomadic” lifestyle that didn’t require living in one place. If you’re part of the 24%, you can create a plan for a nomadic retirement with some careful thought ahead of time. Key Takeaways Selling or downsizing your home can provide a nest egg to fund a nomadic retirement. If you only want to travel part-time, you will need a home base to return to.Medicare Parts…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldFor years international policymakers have pushed to make it cheaper for migrants to send remittances home. As with so many of Donald Trump’s interventions, the US president has turned that logic on its head: he wants to make it more expensive. Contained in the 1,000-plus pages of the “big, beautiful bill” going through Congress is a mean-spirited measure to tax money sent abroad by non-US citizens, including visa holders and permanent residents. The average fee to transfer $200 overseas is…

Buying a home represents one of the largest purchases most people make in their lifetimes and can be even more challenging for someone attending college. College students can still qualify for a mortgage loan. However, you’ll need to meet the same criteria from mortgage lenders as other borrowers, including having sufficient income to afford the payments, proof of employment, and a solid credit history. Buying a home can offer financial benefits since, as a student, you can live in your own home during your college years or rent it out while living in the dorms. Discover the benefits of buying…

“T” represents the transaction date on which an actual trade occurs. The abbreviations T+1, T+2, and T+3 refer to the settlement dates of security transactions that occur on a transaction date plus one day, plus two days, or plus three days, respectively. Today is the transaction date if you buy 100 shares of a stock right now. This date never changes. It will always be the date on which you made the transaction. The settlement date is a little trickier because it represents the time at which ownership is transferred. This doesn’t always occur on the transaction date. It varies depending…

Planning for retirement means figuring out how much money you’ll need and how long it needs to last. A new survey shows that while many millennials expect to spend 30 or more years in retirement, most Americans struggle to estimate how long they might live. This gap in “longevity literacy” can lead to under-saving, premature withdrawals, and financial shortfalls later in life. Understanding your potential lifespan is a key part of building a more secure retirement plan. Key Takeaways Many Americans misjudge how long they’ll live, making it hard to plan for a decades-long retirement.Longevity literacy, or understanding your likely…

Dubai’s Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with Uber Technologies, Inc. (NYSE: UBER), a global leader in ride-hailing and delivery, and WeRide (NASDAQ: WRD), a leading autonomous driving technology firm. Under the agreement, autonomous vehicles will begin pilot operations via the Uber app in Dubai later this year. The initial phase will feature autonomous vehicles operating with a safety driver onboard to monitor performance and ensure safety. The full commercial rollout of driverless services is scheduled for 2026, a Dubai Media Office report said. Field preparations for the pilot program are currently underway, led…

This article is an on-site version of Free Lunch newsletter. Premium subscribers can sign up here to get the newsletter delivered every Thursday and Sunday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersWelcome back. This week, I turn to “creative destruction”. The concept was popularised by Austrian political economist Joseph Schumpeter in the 1940s, and describes how old ideas, technology and businesses are displaced by new ones. If creation is the primary protagonist of economic growth, destruction is a necessary evil. In tandem, they enable people, capital and other resources to be redeployed more efficiently in…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A series of Israeli attacks on Iran’s oil and gas facilities is threatening further turmoil for markets, as concerns grow of escalation in a region that holds half of the world’s oil reserves. What was hit?On Saturday, Israel hit two gas processing facilities on Iran’s south coast that process gas from South Pars, the world’s largest natural gasfield. South Pars extends for nearly 4,000 sq miles underneath the Persian Gulf to Qatar, where it is called the North Field. One of the field’s offshore platforms…

The US Federal Reserve appears likely to keep interest rates steady when it meets next week, despite pressure from President Donald Trump for a cut, leaving investors to focus on what chair Jay Powell says about the strength of world’s biggest economy.The Fed is set to meet on Tuesday and Wednesday, and investors are pricing in almost no chance of a reduction in rates from their current 4.25-4.5 per cent range. Markets expect two cuts by the end of this year, with September likely to be the earliest that rates resume their downward path. Investors are betting that Powell will continue…