Introduction The recent wave of agreements between countries to settle trade in their local currencies is indicative of a growing trend towards de-dollarization. Brazil and China, India and Malaysia, and even the traditionally US-aligned France are seeking alternatives to the dollar for international transactions. This shift is driven by concerns that the US is weaponizing…
Introductory Remarks: The euro managed to stay above a recent two-month low on Thursday, bolstered by European Central Bank (ECB) President Christine Lagarde’s emphasis on the need to further tighten monetary policy to combat persistent high inflation. Despite a marginal decline in Eurozone inflation to 6.1% in May, it still remains significantly higher than the…
This week, Elon Musk, the high-profile CEO of Tesla, SpaceX, and now Twitter, set the financial markets abuzz with his warning about potential downturns in the US real estate sector. Musk’s public comments expressed his worry that the Federal Reserve’s recent interest-rate increases may significantly undermine the value of commercial and residential properties. Musk sparked…
Often typified as a generation grappling with unique financial difficulties, millennials have faced the brunt of student loan debt, escalating living expenses, and the residual impacts of the Great Recession. However, as they transition into middle age, recent figures indicate that the typical American millennial is now more financially stable than half a decade ago,…
Raised in a family where his divorced parents rarely discussed financial matters, and only began saving for retirement recently, Brandon Welch is deeply concerned. Now a 40-year-old financial manager at Newport Wealth Advisors, he fears that his parents are inadequately prepared for their retirement. Drawing upon his professional knowledge, he is eager to aid them…
In an extraordinary turn of events, Fox News on Wednesday, May 24, 2023, launched a one-two punch, ridiculing Elon Musk’s widely criticized online event with Florida Governor Ron DeSantis while simultaneously promoting its own upcoming interview with the governor. The conservative network’s approach of mocking Musk while luring viewers to its own programming stands as…
In a crucial attempt to avoid an impending financial disaster, the White House and Republican congressional representatives are slated to reconvene today to strike a deal on lifting the government’s $31.4 trillion debt ceiling. Time is running out, with a financially catastrophic default looming a mere week away if a consensus isn’t reached. These deliberations…
On August 16, President Joe Biden ratified the Inflation Reduction Act into law, injecting billions of dollars into the American economy to facilitate green upgrades for homes, businesses, and vehicles. The new law’s sweeping impact on clean energy initiatives has stirred excitement in the investment community, even as its ambitious aims to decarbonize a substantial…
In the current geopolitical landscape, China represents the most formidable threat to international security and prosperity, according to British Prime Minister Rishi Sunak. His statement came as a conclusion to the recent Group of Seven (G7) meeting in Hiroshima, Japan. Nonetheless, Sunak stressed that it’s not beneficial for the world’s leading economies to entirely sever…
A recently conducted working paper uncovers a disconcerting trend among married couples: a significant proportion of them are leaving retirement money on the table, with the most vulnerable being those in marriages showing signs of instability. This revelation underscores the importance of prudent and well-informed financial planning in ensuring a secure retirement. According to the…