Author: Arabian Media staff

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldBlackRock chief executive Larry Fink said the US was “going to hit the wall” unless the economy grows quickly enough to manage higher deficits from government spending, as a growing chorus of financiers warn about the country’s mounting debt. Fink, who leads the world’s largest asset manager, characterised the deficit as one of the “two most consequential issues” US politicians are ignoring, as President Donald Trump looks to pass tax cuts that will add $2.4tn to the national debt over…

In certain cases, individuals who immigrate to the United States when they’re age 65 or older may be entitled to draw Social Security benefits. In other cases, immigrants may only draw on their home country’s retirement programs. And some immigrants qualify for benefits from both countries. Here’s an overview of how the rules work. Key Takeaways People who immigrate to the United States at age 65 or older may be entitled to Social Security benefits. They must either have 40 U.S. work credits (about 10 years’ worth) or come from a country that has a totalization agreement with the U.S.…

The Education Department is putting pressure on Columbia’s accreditor, whose seal of approval the school needs to get federal grants and loans. Source link

This article is an on-site version of our The State of Britain newsletter. Premium subscribers can sign up here to get the newsletter delivered every week. Standard subscribers can upgrade to Premium here, or explore all FT newslettersHello and welcome back to the State of Britain newsletter. I’m Rachel Millard, the FT’s clean energy correspondent, and this week I’ve been hearing further questions over the government’s race to overhaul Britain’s electricity system — will it happen on target, will it bring bills down and what comes next. Labour came to power with a key pledge to decarbonise Britain’s electricity supplies by…

In an increasingly digital world, the risk of data breaches, hacks, and various other crimes is constantly growing. The cybersecurity industry has emerged as the primary defense against cybercrime. It protects businesses, government agencies, and individual customers against threats ranging from malware and phishing attacks to ransomware, cryptocurrency-related thefts, and exploitation of vulnerabilities in new internet-enabled devices. The growth of the cybersecurity industry presents an opportunity for investors, as the number of publicly traded firms specializing in cybersecurity has grown as well. Still, despite strong demand and growth industry wide, the cybersecurity space requires some special considerations and provides a…

An index close above 5,990 would be a bullish catalyst for a summer stock-market rally. 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’s second term as US president has been dominated by a trade war of his own making, but tracking its impact has been far from straightforward. Many executive orders imposing escalating tariff rates have been swiftly followed by White House climbdowns — the “Trump always chickens out”, or “Taco” theory. US trade data published on Thursday provides the first opportunity to see how Trump’s “liberation day” trade war, unveiled on April 2, applied in practice that month. The “effective…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Wise believes in “money without borders”. But the British fintech — which specialises in international transfers — reckons equity investors are much more constrained. Wise plans to transfer its primary listing to a US exchange, it said on Thursday. It hopes a larger, more liquid capital market will boost its valuation, and greater exposure will make it easier to attract US customers.For London’s third-largest listed tech group, with a £11.5bn market capitalisation, to switch this way will reignite the debate over whether…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldSome content could not load. Check your internet connection or browser settings.Latest trade dataThe overall US trade deficit, covering both goods and services, was $61.6bn in April, down from $138.3bn in March. The reduction in the deficit was driven a 16.3% fall in imports, according to the Bureau of Economic Analysis.Some content could not load. Check your internet connection or browser settings.Interactive: explore global tradeThe US is the world’s largest single importer, playing a crucial role in the global flow…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The European Central Bank has signalled it is nearing the end of its rate-cutting cycle as it lowered borrowing costs by a quarter point to 2 per cent in response to uncertainty over the impact of Donald Trump’s trade war.With the latest widely expected cut, ECB president Christine Lagarde said the Eurozone would be in a “good position to navigate the uncertain conditions” facing the bloc, as she also insisted she was “determined” to complete her term at the Frankfurt-based institution.In a…