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6 mins read
A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
The growth rate of bank deposits in India has been slowing, largely outpaced by credit growth. But …
4 mins read
With stock markets crashing worldwide, are fears of a recession loading in the US pre-mature?
Even Goldman Sachs economists have upped the probability of recession hitting the US by 2025 to 25%…
6 mins read
Simply Put: A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
Indians seem to be depositing less money in banks, and everyone's blaming the stock markets. But ar…
3 mins read
India's gold loan market set for rapid growth amid rising prices; unorganized sector holds 63% share, notes recent PwC report
Indian households are estimated to possess approximately 25,000 tonnes of gold, valued at around Rs…
ANI
2 mins read
Household savings are choosing mutual funds over banks to invest savings: RBI Governor
The households are choosing the capital markets over the banks to park or invest their savings, hig…
ANI
2 mins read
Half of renters live somewhere they can't afford
For decades, financial advisors and the federal government have recommended that Americans spend no…
Eliza Relman,Noah Sheidlower
2 mins read
The US added very few jobs in October after hurricanes and strikes shook the economy
The final jobs report before the presidential election showed October's job growth was less than th…
Madison Hoff
1 min read
The average household would need to save for 36 years to afford a typical home in LA. Here's how 50 US markets compare.
Zillow found the typical Pittsburgh home only costs about $217,000, meaning a median-income househo…
Theron Mohamed
2 mins read
Rising household debt and shrinking incomes are setting the stage for a recession, top economist says
The US economy has two imbalances that could tip it into a downturn, according to economist David R…
Jennifer Sor
2 mins read
The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan strategist says
The top 10% of Americans have gained a whopping $30.5 trillion in wealth since 2020, according to F…
Jennifer Sor
6 mins read
Budget A-Z, for the GenZ: A fun and handy guide for major terms around upcoming Union Budget
From fiscal deficit to GDP, understand key terms to navigate the financial landscape and make the m…
1 min read
Retiree spending helped thwart a US recession. But boomers are losing a key financial advantage.
Spending among retired consumers is slowing down amid weaker boosts to Social Security incomes, Ban…
Filip De Mott
3 mins read
Biden announces plan to cap rent increases at 5% for half of American rental households
A record number of renters can't afford their housing costs. Biden wants to discourage big rent inc…
Eliza Relman,Dan Latu
2 mins read
Seven years of GST has lowered taxes and improved lives of 140 crore Indians: PM
The PM also highlighted that after the implementation of GST, the savings of the poor and the commo…
ANI
2 mins read
What you need to know about the Chinese EV loved by Ford's CEO — and why you can't get it in the US
Ford's CEO is a big fan of the Xiaomi SU7, a Chinese EV. Here are the electric vehicle's key featur…
Benjamin Zhang
3 mins read
Marc Andreessen says US carmakers need to make a $20,000 EV if they don't want to 'lose the auto industry' to China
Marc Andreessen and Ben Horowitz said Chinese electric vehicles from companies like Xiaomi are beat…
Jaures Yip
3 mins read
Our child has 2 households. Here's how we navigate the differences in rules.
We have different rules for our child than my partner's ex. Here's how we navigate coparenting with…
Cassie Parks
2 mins read
ChatGPT uses 17,000 times the amount of electricity than the average US household does daily: report
An average US household is using around 29 kilowatt-hours of electricity while ChatGPT is using mor…
Lakshmi Varanasi
2 mins read
A key US consumer indicator has dipped to 'crisis levels,' SocGen says
The US personal savings rate has dropped below 3%, a level historically associated with recessions,…
Jennifer Sor
3 mins read
India poised to become world's third largest consumer market by 2026 outpacing Germany, Japan
According to recent data, India is expected to outpace Germany by 2024 and Japan by 2026, solidifyi…