Author: Arabian Media staff
Cosmetics maker announces an agreement to acquire Rhode, a beauty and skincare brand founded by influencer, entrepreneur and model Hailey Bieber, for $1 billion. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nvidia reported a nearly 70 per cent surge in quarterly revenues, as the boom in spending on artificial intelligence chips continued despite export controls that have dented the chip company’s China sales.Nvidia on Wednesday reported revenue of $44.1bn for the quarter to April 27, up 69 per cent year on year and above Wall Street’s expectations of $43.3bn.But the US chip designer at the heart of a global spending spree on the infrastructure powering AI said it expected revenue of $45bn for…
Living comfortably during your golden years heavily depends on your ability to set up sources of retirement income that will augment modest Social Security payouts. Establishing retirement funds such as a 401(k) or Roth IRA is a common way people fund their retirements, but there’s another mechanism to boost retirement income while offering the benefit of a payout to your loved ones in the case of your death: life insurance. Key Takeaways Certain life insurance policies can be used to supplement retirement income through cash value withdrawals or loans.Whole life and universal life insurance offer tax-deferred growth and potential tax-free…
Retirement might bring to mind some images of relaxation by the beach, traveling to a bucket-list destination, or spending more time with your grandkids. No matter your vision of the future, the one thing all retirees have in common is a need for a stable income. Exchange-traded funds (ETFs) have emerged as a powerful tool for retirees who want to generate reliable income while managing risk and maintaining flexibility. This guide will explain how to leverage ETFs to build a robust—and reliable—retirement income portfolio. Key Takeaways ETFs offer diversification, lower costs, and flexibility for retirement income. Dividend, bond, and REIT…
Student loan payments can be a substantial financial burden in the best of times, and with a possible recession looming, it’s worth thinking about how you’ll manage that debt in the worst of times. Whether you have federal or private student loans, you have options when faced with financial hardship, such as requesting a period of deferment or forbearance and employing specific debt repayment strategies. Key Takeaways Failing to repay your student loans will ultimately cause them to become delinquent and eventually enter default, adversely affecting your credit score.Unlike most of their federal counterparts, private student loans aren’t guaranteed to…
International Monetary Fund (IMF) vs. The World Bank: An Overview The main difference between the International Monetary Fund (IMF) and the World Bank lies in their respective purposes and functions. The IMF oversees the stability of the world’s monetary system, while the World Bank’s goal is to reduce poverty by offering assistance to middle-income and low-income countries. Both organizations are based in Washington, D.C., and were established as part of the Bretton Woods Agreement in 1945. The Bretton Woods Agreement was a monetary and exchange rate management system that attempted to encourage international financial cooperation through the introduction of a…
When Social Security was introduced in 1935, it was never intended to be a primary income source that could support people in retirement. Rather, its sole purpose was to provide a safety net for people who were unable to accumulate sufficient retirement savings. For the next several decades, the majority of Americans never gave much thought to their Social Security because of shorter lifespans and reliance on guaranteed pensions. Things are very different today. Social Security planning is now a vital element in securing income sufficiency in retirement. There are strategies to maximize your benefits. Key Takeaways Navigating Social Security…
Nike’s stock has lost more than 32% over the past 12 months, as it deals with competition and weaker demand. But after Dick’s Sporting Goods’ stronger-than-expected quarterly results on Wednesday, analysts at Jefferies see a clearer path to a rebound for the sports-apparel maker. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe Trump administration has told US companies that offer software used to design semiconductors to stop selling their services to Chinese groups, in the latest attempt to make it harder for China to develop advanced chips.Several people familiar with the move said the commerce department had told Electronic Design Automation groups, which include Cadence, Synopsys and Siemens EDA, to stop supplying their technology to China.The Bureau of Industry and Security, the arm of the US commerce department that oversees export controls,…
Kim Kardashian’s emotional May 2025 testimony about being bound, gagged, and robbed of $9 million in jewelry and the subsequent conviction of most involved has revealed critical lessons for more than just high-net-worth individuals about the safety of themselves and their valuables. With banks and stores becoming more secure and holding less cash, criminals are increasingly targeting individuals directly, making personal security an even more important part of wealth management. Key Takeaways High-profile heists show that displaying wealth publicly creates vulnerabilities that criminals exploit. Security strategies aren’t just for celebrities like Kardashian. These include documenting valuable possessions, maintaining the right…