Author: Press Room

In a recent interview with Shane Parrish, Whole Foods founder John Mackey talked a lot about wealth—what it means to him and what it doesn’t. He told a particularly compelling story about what he didn’t want wealth to look like for him. He was going to meet with Jeff Bezos to discuss Amazon buying Whole Foods—you know, as one does—and the exact location of their meeting, Bezos’ boat house adjacent to his Lake Washington mansion, remained obscured until Mackey’s plane landed. Then, Mackey and his car were searched prior to entering, and after all the impersonal fanfare, he was left…

BNY Investments is a global, multi-specialist asset management group, underpinned by the strength and resilience of BNY, with its 240-year history and experience. Managing nearly $2 trillion in assets, we offer investment solutions developed and managed by talented asset class specialists, each with distinct philosophies and proven approaches. We supply investors, big and small, with investment ideas and products designed to thrive in an ever-changing world that creates both challenges and opportunities. We bring access to expertise, local knowledge and infrastructure, making money work intelligently for investors around the world. Investors should consider the investment objectives, risks, charges, and expenses…

Monday: China announces inflation figures for November while Japan publishes its trade figures for October. India’s defence minister Rajnath Singh continues a visit to Russia.Tuesday: Australia’s central bank announces its interest rate decision and Malaysia publishes October industrial output data.Wednesday: The Central Economic Work Conference, the Chinese government’s annual economic policy meeting, begins in Beijing. China releases November trade data as well as figures on lending and foreign investment.Thursday: India publishes November CPI figures and Australia releases November employment data. Malaysian Prime Minister Anwar Ibrahim launches a National AI Office. Friday: The Bank of Japan releases its fourth-quarter Tankan business…

The Biden administration appears to have pulled off the elusive economic soft landing, getting inflation in check without crashing the economy into a recession. While inflation has been easing downward, it has still been pinching retirees’ budgets. The bad news is that shrinking inflation rates also mean a smaller Social Security cost-of-living (COLA) for 2025. The 2025 Social Security cost-of-living adjustment will kick in via your January check (or direct deposit from SS). So, current Social Security recipients will continue to see their retirement incomes stretched thin this month as we move through the holidays. The Social Security Administration (SSA)…

This article was written byFollowGordon is a freelance investment writer from Glasgow, Scotland. With a Masters Degree in Civil Engineering, he also works in Asset Management, and runs a financial education company called Oak Investing with a wide following across 40 countries. With a passion for empowering individual investors, Gordon leverages nearly a decade of experience in engineering, strategic consulting, and complex financial forecasting to simplify complex concepts.He has nearly 10 years of experience of trading and investing across a range of asset types, with a particular focus on technology and energy companies.Gordon has been a finance contributor to a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Syrian rebels advanced across the country on Saturday as they pushed towards their goal of capturing Damascus and toppling the Assad regime after seizing cities and swaths of territory in a lightning offensive.“Damascus awaits you,” Abu Mohammad al-Jolani, the leader of the main rebel group Hayat Tahrir al-Sham (HTS), told his fighters on Saturday.There were reports late Saturday that the rebels had entered the strategic city of Homs, with Reuters quoting their spokesman Hassan Abdulghani as saying insurgents had “fully liberated” it.…

This article is written to provide you with the reasoning for the Windfall Elimination Provision (WEP). There has always been a debate as to whether this provision is fair or not. Share your comments below describing your thoughts. For years there has been much talk about repealing the Windfall Elimination Provision (WEP) for those retirees who receive another government pension. It is estimated that the WEP affects approximately 3% of all Social Security recipients. There is support for a House vote in Congress under a bill called the “Social Security Fairness Act” to eliminate this provision. The two main objectives…

This article was written byFollowVanEck’s mission is to offer investors intelligently designed investment strategies that capitalize on targeted market opportunities. VanEck seeks to provide long-term competitive performance through active and index strategies based on creative investment approaches and portfolio delivery.At VanEck we are driven by innovation, our hallmark since the company’s founding in 1955. Our efficiently-constructed investment strategies benefit from our experience and in-depth knowledge of targeted asset classes. Our actively managed VanEck Funds target natural resource equities and commodities, emerging market equities, global fixed income, and liquid alternatives. Security selection is the cornerstone of our approach to managing these…

A US appeals court on Friday upheld a law requiring TikTok’s owner ByteDance to sell the platform or face a ban next year, dealing a major blow to the Chinese company behind the video app.The law, signed by President Joe Biden this year, orders TikTok to be banned in the country if the app does not divest from its parent by January 19 2025 — the day before Donald Trump is inaugurated as president.The unanimous ruling from the US Court of Appeals for the District of Columbia Circuit said the law — which hits at the core of a hot-button…

“I don’t want to live a long time. My parents really suffered in their final years.” I’ve heard this sentiment from relatives and friends who watched their parents really struggle with health and financial issues in their final years. It’s also a common thought of surviving spouses who find themselves alone and frail. If you haven’t witnessed first-hand the struggles that older people face, it’s normal to want to live a long time. However, once you understand the day-to-day challenges that come with old age—frailty, dementia, running out of money, or loneliness—it’s only natural to reconsider your goals. Let’s see…