In today’s increasingly credit-driven society, establishing a solid credit history can be a pivotal component of financial stability. Parents looking to give their children a head start on this vital aspect of adult life have various strategies at their disposal, one of which is adding their child as an authorized user on their credit card
Finance
In the most recent minutes from the Federal Open Market Committee (FOMC) meeting, officials exhibited a cautious optimism regarding the trajectory of inflation and the robustness of the labor market. These reflections come in light of current economic indicators that, while suggesting some easing of inflation pressures, still indicate levels above the Federal Reserve’s target
Recent market trends indicate that small-cap stocks are poised for a significant comeback, marking a pivotal moment for investors looking to diversify their portfolios. After achieving its first record high in over three years, the Russell 2000 index, which serves as a benchmark for small-cap stocks, has demonstrated robust growth. With an impressive nearly 11%
Lombard Odier, one of the prestigious private banks in Switzerland, has found itself embroiled in a significant legal quagmire with the indictment by Swiss prosecutors for aggravated money laundering. This development marks a stark turning point for a financial institution with roots tracing back to 1796. The indictment comes from the Office of the Attorney
The holiday season is a time of joy, connection, and deep appreciation for those we hold dear. As families and friends gather to celebrate, the atmosphere often pulsates with warmth and togetherness. However, for many, it also serves as a precursor to financial strain. Recent studies reveal a staggering trend: the vast majority of Americans
Databricks, a San Francisco-based tech company, remains a significant player in the private tech landscape as it prepares to raise a substantial sum in its current funding round. With plans to secure at least $5 billion and potentially up to $8 billion, the company is strategically positioning itself without the urgency of a public offering.
The recent decision by China to impose restrictions on tungsten exports raises critical questions about the future of global supply chains for this essential metal. As nations scramble for alternatives amidst rising geopolitical tensions, the implications of these moves are significant—not just for China, but for a wide range of industries reliant on tungsten. Changing
The investment landscape is experiencing a significant transformation, marked by the ascendance of actively managed exchange-traded funds (ETFs). Increasingly, investors are turning away from traditional mutual funds in favor of these innovative investment vehicles. According to recent findings from Morningstar, a staggering $2.2 trillion exited active mutual funds between 2019 and October 2024, while actively
As President-elect Donald Trump prepares for his reign, the selection of Kevin Hassett to head the National Economic Council (NEC) marks a crucial development in shaping his administration’s economic strategies. This appointment signals an intent to centralize discussions around pivotal economic policies such as trade, taxation, and deregulation—areas where Hassett has substantial experience. Notably, the
In a bold move ahead of his inauguration, President-elect Donald Trump announced his intention to escalate the trade tension between the United States and China by imposing an additional 10% tariff on all Chinese goods. This proposal, revealed through his social media platform Truth Social, followed his earlier announcement of a 25% tariff on imports