Author: Arabian Media staff

With car insurance rates climbing, drivers are looking for ways to slash their premiums. One of the most effective ways is to shop around for coverage. According to Consumer Reports, the median savings for people who switch providers is $461, and LendingTree found most save at least $100. While you can get quotes directly from insurance companies, the quickest way is to search multiple insurers at once using comparison platforms like Insure.com. Key Takeaways The majority of people who shop for cheaper insurance and switch insurers save at least $100, with a median savings of $461.For the most savings, shop…

“The old axiom in the stock market about selling your stocks at the close of April and buying them back at the start of November used to make some sense,” says First Trust. Here’s why it no longer does. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nearly one in three people in the UK have fallen victim to mobile phone theft, sparking anxiety over digital security standards.A study from UK fintech start-up, Nuke From Orbit, found 29 per cent of adults were victims of the crime in their latest survey in March, up from 17 per cent in 2023, as trust in the police and tech providers drops.In response, consumers have stepped up efforts to protect phones and sensitive data stored on them, including two-factor authentication and biometrics.However,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.There is a market for sweeping economic analyses, generally predicting that the sky is about to fall on our heads. Thomas Malthus arguably started it with his 18th-century prediction that population growth would always run ahead of food production. He was unlucky in having his conjecture picked over for centuries. Normally, economists get away with it. Before reading the IMF’s recent long-term prediction of global labour markets, therefore, I felt the need to go back a quarter of a century to see…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A stablecoin is a stablecoin, much like a cigar can be just a cigar. But which non-crypto thing does it most closely resemble? A bank deposit? A money-market fund? A cash ETF? Over on Unhedged, the question has been causing Robert Armstrong a little trouble over the last couple of days. On one hand, stablecoins certainly look and act like they’re doing things that banks do, like issuing runnable liabilities and facilitating payments. On the other hand, it would be extremely inconvenient…

Stock trading takes an abrupt halt each trading afternoon when the markets close for the day, leaving hours of uncertainty until the next day’s opening. Then you might hear a commentator say something like “Markets are poised to open higher” or “We expect to see markets move lower at the open” when you sit down for breakfast in the morning and turn on the news. The closing price from the day before should tell you how much money you’ve gained or lost in your portfolio for the day but there’s more to the story than you might expect. It’s important…

Gold’s record run has left silver behind, and although the white metal hasn’t played catch-up as quickly as many investors had expected, the price ratio between the two metals has held firm near historical highs, and silver faces a global deficit for fifth straight year. That suggests silver is still undervalued. Source link

Registered Retirement Savings Plan vs. Registered Pension Plan: an Overview Registered retirement savings plans (RRSPs) and registered pension plans (RPPs) are retirement savings plans that are registered with the Canada Revenue Agency (CRA). RRSPs are individual retirement plans, while RPPs are plans established by companies to provide pensions to their employees. The two plans are comparable to defined-contribution savings plans and defined-benefit pension plans, respectively, in the United States. Key Takeaways RRSPs and RPPs are Canadian retirement investment vehicles for workers. An RRSP is a retirement savings and investment account for individuals, including employees and the self-employed. An RPP is…

If you give a baby some money, they’re going to want even more. Source link

Gross profit margin and operating profit margin are two metrics used to measure a company’s profitability. Gross profit margin includes the direct costs involved in production, while operating profit margin accounts for operating expenses like overhead. Both metrics are important in assessing the financial health of a company. Key Takeaways Gross profit margin and operating profit margin are two metrics used to measure a company’s profitability.Gross profit margin includes the direct costs involved in production.Operating profit margin accounts for operating expenses like overhead. Gross Profit Margin Gross profit margin shows how well a company generates revenue from direct costs like direct labor and materials used in production. Gross profit is…