Author: Press Room

Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam is about to break on Americans’ record-high consumer debt. During the first nine months of 2024, lenders wrote off more than $46 billion in seriously delinquent credit card loans, according to a report from the Financial Times citing data analyzed by BankRegData. That’s an increase of 50% from the first three quarters of 2023, and the highest since 2010. “High-income households are fine, but the bottom third of US consumers are tapped out,” Mark Zandi, head of Moody’s Analytics, told…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldJimmy Carter, the 39th US president who later won the Nobel Peace Prize for his humanitarian work, has died at the age of 100, the Carter Center said on Sunday.He died peacefully on Sunday at his home in Plains, Georgia, surrounded by his family, the human rights organisation he founded said in a statement.Carter was the longest-living president in US history, having celebrated his 100th birthday on October 1 this year. His death came over a year after his wife…

By Rachel Leland, Next Avenue While reliable data shows that the very rich are, for the most part, getting much richer, some families go from “riches to rags” by failing to carefully pass down wealth from generation to generation. Some financial advisers tell their clients that only 30% of high-net-worth families succeed in transferring their wealth for two or more generations. Success in this context is defined by the Institute for Preparing Heirs as having a plan that “results in future generations retaining the family financial assets while remaining a unified family” (emphasis added). Skeptics say the institute’s narrow definition…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Vladimir Putin has apologised to Azerbaijan for what he described as a “tragic incident” involving an Azerbaijani aircraft in Russian airspace on Christmas Day.Moscow phoned Azerbaijani president Ilham Aliyev and the Russian president expressed “deep and sincere condolences” to the families of those affected, the Kremlin’s press office said on Saturday. The Azerbaijan Airlines Embraer 190 plane was flying from Baku to Grozny on Christmas Day when it diverted across the Caspian Sea and crash-landed near Aktau, Kazakhstan, killing 38 of the 67…

It’s no secret that many people today are living longer compared to previous generations, extending their retirement years well into their mid-80s and 90s. That means that today’s older workers will need to fund longer retirements. Unfortunately, however, many are approaching their retirement years with modest savings. How can you address both of these critical issues? You can start by rethinking your arc of life. Let’s contrast the course of a typical life in the 20th century, the period when many of today’s older workers grew up and formed expectations of the life stages they’d experience. Retirement And The 20th…

This article was written byFollowThe Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldDonald Trump has asked the US Supreme Court to delay a legislative deadline that would force a sale or ban of TikTok to allow for a “political resolution” once he is sworn in as president next month. Under a bill Congress approved in April, Chinese parent ByteDance must divest TikTok by January 19 2025 — the day before Trump is inaugurated as president — or face a countrywide ban. The legislation came after US officials warned the platform posed national security risks,…

It’s always a good idea to revisit your retirement plans to see how you can make changes that can help you be more financially secure, healthy, and satisfied with life. And what better time than the start of a new year? With these goals in mind, here are five New Years’ resolutions to reflect upon and consider. Pick the goal or goals that resonate most with you. Revisit Your Bucket List It always helps to have something to look forward to. This can motivate you to spend the time it takes to put your dreams into motion. As you age,…

This article was written byFollowA financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of T either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The number of companies listed on Singapore’s stock exchange has hit a two-decade low after just four companies went public this year and several delisted, with the city-state’s regulator investigating how to halt the equity market’s slide.The number of companies on the Singapore Exchange fell to 617 in October, the lowest since September 2004. The figure has been in steady decline since hitting a high of 782 in 2013, with domestic companies attracted to overseas listings, especially in larger and more heavily…