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2 mins read
Gold shines as demand for safe haven asset strong; Infomerics Ratings anticipates 10% price jump this year
Historical trends, such as the surge during the Russia-Ukraine war, highlight gold's role as a safe…
ANI
3 mins read
How Saudi Arabia could create a crisis for Russia's economy
Saudi Arabia has signaled that is is ready to flood the market with oil if OPEC doesn't commit to c…
Filip De Mott
3 mins read
Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
Continuing the war means the economy faces stagnation, while ending it would shut off the massive d…
Jennifer Sor
3 mins read
3 reasons why Russia's economy can survive without crisis for up to 5 more years, think-tank economists say
Expectations that Russia's economy will struggle are misplaced, and multiple factors should keep th…
Filip De Mott
3 mins read
A Trump presidency would drain Social Security's finances faster, budget group warns
A budget group warns that Trump's agenda is expected to hasten Social Security's insolvency by thre…
Grace Eliza Goodwin
2 mins read
Ballooning US debt could cause the next financial crisis and neither candidate has a plan to address it, former FDIC Chair says
Policy proposals from both Trump and Harris would add trillions to US debt, which could hurt invest…
Kelly Cloonan
3 mins read
US Navy's new submarines are 'in crisis' as costs balloon by $17 billion, lawmaker says
The Navy's nuclear-powered Virginia class sub, which it's supposed to build two of a year, is facin…
Chris Panella
2 mins read
Garment sector facing uncertainty due to Bangladesh crisis, normalcy may return soon: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman acknowledged uncertainties in India's garment sector prompted b…
PTI
4 mins read
After record profits, state-owned fuel retailers Indian Oil, BPCL and HPCL see profit slump in Q1
IOC, BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell an…
PTI
2 mins read
PIMCO economist says fears of a US debt crisis are overblown - for now
"Previous episodes when federal interest payments (as a proportion of total outlays) reached simila…
Filip De Mott
5 mins read
Many boomers on Social Security live near poverty and don't tell anyone. It's adding to the loneliness crisis.
With limited money to maintain a social life, many baby boomers feel lonely and isolated.
Allie Kelly
5 mins read
Southwest ditching its unassigned seat policy shows how budget airlines' business models are getting upended
Low-budget airlines are rethinking their business models as they face an uphill battle for not foll…
Dan DeFrancesco
2 mins read
China is in the middle of its own retirement crisis as many older people cannot afford to stop working
China is expecting 300 million people to reach retirement age in the next 10 years, close to the si…
Jennifer Sor
2 mins read
Nirmala Sitharaman arrives at Finance Ministry ahead of Budget 2024
Ahead of the presentation of the interim budget 2024-2025, Union Finance Minister Nirmala Sitharama…
ANI
2 mins read
Swelling US debt could tip US markets into crisis as soon as next year, Wharton professor says
If the US doesn't adjust fiscal policy, markets could have a reaction similar to the UK's 2022 fina…
Filip De Mott
3 mins read
3 things America can do to solve its retirement crisis, according to BlackRock chief Larry Fink
Almost half of Americans aged 55-65 don't have anything invested in a personal retirement account. …