Author: Arabian Media staff
Medical debt afflicts all ages, not just retirees. Emergency room visits, surgeries, dental work and even childbirth can trigger steep bills. Source link
“He has no close family. I don’t want to place myself in a position of liability.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.European buyout group Oakley Capital has acquired a majority stake in strategic advisory firm G3 in a sign of continued investor interest in London’s thriving corporate intelligence industry.Founded in 2004, G3 is one of a clutch of firms in the UK capital that relies on networks of global sources to provide intelligence on political and business issues to corporate clients around the world.The deal values the company at more than £250mn, based on a “high teens” multiple of forecast future pre-tax earnings…
Remember post-pandemic, when everyone was desperate to travel, dine out, and buy everything they’d missed during lockdowns? That era of “revenge spending” is over. Now, Americans seem to be channeling that same intensity into bulking up their savings in a period of economic uncertainty, with “no buy” challenges trending and savings rates spiking. Even high earners are cutting back on travel and non-essential purchases to boost their cash reserves—a clear sign that economic anxiety has replaced post-pandemic FOMO as the driving force behind financial decisions. The American Shift From Splurge to Purge The marked increase in savings rates isn’t just…
Financial literacy not only leads to better investment outcomes, it can save you time. Source link
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Nvidia chief Jensen Huang said Europe’s shortfall in computing power for artificial intelligence “will be resolved” soon, as the continent pushes to catch up with the US and China in the race to capitalise on the fast-developing technology. At least 20 AI data centres are planned across Europe in the next few years, Huang said at the VivaTech conference in Paris on Wednesday, as he predicted a tenfold increase in the region’s data centre capacity within the next two years. This will…
Consumer prices showed little sign of tariff-related increases for the third month in a row, defying expectations of a significant rise in inflation tied to ongoing U.S. trade wars. Source link
Stay informed with free updatesSimply sign up to the US inflation myFT Digest — delivered directly to your inbox.US inflation rose less than expected to 2.4 per cent in May, even as President Donald Trump’s trade war fuels price pressures.Wednesday’s annual consumer price index figure was below the 2.5 per cent predicted by analysts surveyed by Bloomberg, but above the 2.3 per cent recorded in April.Inflation is expected to increase further in the coming months as the impact of Trump’s tariffs, which were unveiled in April, is passed on to consumers and businesses in the world’s largest economy.The US currently…
Nvidia CEO Jensen Huang announced several AI infrastructure partnerships throughout Europe at GTC Paris on Wednesday Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The world’s biggest commercial aircraft owner AerCap is in line for a payout of more than $1bn after a High Court judge found insurers had to cover losses from planes stranded in Russia, in one of the largest sums ever awarded by the English courts.Insurers including AIG, Lloyd’s of London and Chubb have been told to provide cover for more than 147 planes owned by a group of lessors that were stuck in Russia following the country’s full-scale invasion of Ukraine. The…