Author: Arabian Media staff
Apple’s stock has sold off on tariff fears, but the company still has a healthy business underpinned by a sticky ecosystem and robust array of services offerings. Source link
This week, Swamp Notes goes to London for a live recording. Katie Martin, host of the Unhedged podcast, and Chris Giles, author of the FT’s Central Banks newsletter, discuss what Trump’s next few months might be like. Have markets truly recovered from the “liberation day” shock? What happens after the 90-day tariff pause is over? Our guests weigh in. Mentioned in this podcast:Read the latest Chris Giles on Central Banks column hereListen to the Unhedged podcast hereSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Katya Kumkova. Topher Forhecz is the acting co-head of audio. Special…
6 keys to avoiding the ‘Vanderbilt curse’ — making and losing a fortune in just three generations. Source link
Donald Trump loves to make deals. And he may be calculating that his sudden escalation of tariffs on the EU will squeeze Brussels into making big concessions as he opens a new front in his global trade war. But it is a risky bet. Although trade talks between the US and the EU had been moving slowly, Trump’s threat to put 50 per cent tariffs on all imports from the bloc from June 1 has raised the economic and diplomatic stakes dramatically.The move threatens to jeopardise a recent recovery in global equity prices triggered by Trump’s tilt towards dealmaking and…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Two US credit rating agencies have become embroiled in a rare public dispute over the reliability of scores for insurance companies’ growing stash of private credit investments. The dispute involves a study, since withdrawn by its publisher, purporting to find that small credit rating agencies assign more generous scores to private credit investments than the larger and more established ones. Kroll Bond Rating Agency has accused Fitch Ratings of misleading market participants by relying on the study to raise doubts about the…
“I have a credit-card bill I’m trying to pay off, which just got bigger due to a broken shower.” Source link
Of all the carbs, I’ve loved pasta the longest and in the most guises. An old friend, with whom I lived for almost seven years, only ever cooked packet spinach and ricotta tortellini. Whenever I wasn’t on dinner duty, in went the packet tortellini and out came the little jar of pesto. “It’s a treat every time!” she said, and it was. Now I live with my partner, a pasta snob: he makes his own, blithely dusting the entire kitchen with a thin but persistent coating of 00 flour, and turns his delicate nose up at anything from the shops. “This is…
A worrying number of people are withdrawing large lump sums from their pensions, potentially making a massive tax error in the process.At the top end, 292 people fully cashed in a pension of over £250,000 after tax-free cash between October 2023 and March 2024, paying a minimum of £98,700 in tax.Mike Ambery, retirement savings director at Standard Life, says: “It’s impossible to know whether their individual circumstances warranted them taking such a big tax hit, but for the vast majority of people it’s something they’ll want to avoid.”“My guess is a lot of those 292 were unadvised,” says Kate Shaw,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.While Generation Z complain about increasing rent prices and millennials worry over childcare costs, it is the so-called forgotten generation that have arguably been plunged into the most difficult financial position.Generation X — typically those born between 1965 and 1980 — are dealing with a flurry of financial worries, as they juggle handling pension savings, supporting family members and paying off increasing debts.Craig Rickman, pensions expert at Interactive Investor, said: “Gen X’s finances are being squeezed by the perfect storm of rising…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Victoria’s Secret is trying to repel an admirer. The US lingerie company has moved to adopt a so-called poison pill defence after Australian investment group BBRC International boosted its stake in the company to 13 per cent, declared its holding an “active” one and made regulatory filings that would allow it to increase its holding to almost 50 per cent. The company’s defence mechanism works like this: once an investor acquires more than 15 per cent of Victoria’s Secret, all other shareholders…