Author: Arabian Media staff
What is the Labor Department thinking? Source link
Based on their assets under management (AUM), the biggest four brokerage firms in the U.S. are Charles Schwab, Vanguard, Fidelity, and JP Morgan. Below is a short analysis of each brokerage’s products, services, and fee structures as of June 2025. They are listed in no particular order. Key Takeaways Charles Schwab had $9.89 trillion under management and 37.3 million active brokerage accounts.Vanguard had $10.1 trillion in managed assets with more than 50 million active accounts.Fidelity Investments had $5.5 trillion under management and more than 50 million active accounts.JP Morgan manages $3.7 trillion in assets and serves 82 million consumers, including…
In 2003, sociologist Devah Pager sent a shockwave through the employment world with an audit study that revealed a brutal truth about American hiring practices. Setting out to discover the effects of having a criminal record on employment, she found something that made national news: Black men without a criminal background were called back for interviews at about the same rate as white men with felony convictions on their applications. This wasn’t about criminal justice—it was about deeply embedded racial bias in hiring. Two decades later, has anything changed? The answer, according to the latest research, is a resounding “No.”…
Republicans’ massive tax-and-spending bill limits income and cuts off tax breaks for undocumented immigrants — “but that’s the point,” the bill’s supporters say. Source link
“The images are truly amazing. They look like they could be hanging in the Smithsonian.” Source link
Gold is shining as Treasurys remain under pressure — but it’s probably too soon to write off U.S. debt as a safe-haven asset. Source link
Jon Faust, who advised three Fed chairs, doesn’t see an interest-rate cut until December — an even then, the odds of a move are just 50/50. Source link
Keep an eye out for signs of labor-market weakness, as well as the risk that rising oil prices could put more upward pressure on inflation. Source link
Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.In recent years, June Fridays have often been viewed by financiers as a good moment to work from home. Not now. As news spread about the Israeli air strikes on Iran, traders across Wall Street and London — not to mention Asia — rushed back to their offices to prepare for the inevitable storm.It swiftly materialised: oil prices surged (initially by around 13 per cent), stock prices fell (initially by 1 per cent in the US), and the dollar reversed its recent downward…
Ever wondered if you can afford to take early retirement? Traditionally, you might have engaged a financial adviser to help explore your options. This week, I’ve been talking to one reader who’s been using ChatGPT instead. Unlike the 12mn Britons estimated to be in the “advice gap”, 58-year-old Jim can afford to pay for regulated financial advice. With a £2mn defined contribution pension entirely invested in global equities, he has a further £850,000 in liquid assets (primarily fixed income) plus a £2.5mn home. He turned to generative AI out of curiosity, but the results surprised him so much, he shared…