Emergency financial situations can happen to anybody and any financial arrangement exercise is not ideal without planning for such occasions. The whole idea of having an emergency fund is to offer a cushion against any unexpected expense.This will ensure it does not have any negative impact on your financial condition and does not rip off the whole financial security.There...
The colossal disarray over the British government’s plans to leave the European Union comes at an awkward moment for global financial markets.How can anyone in New York hope to make sense of the mess in London when the government in Washington is partially shut down, with no chance of reopening in sight?Yet financial markets put a price on just...
Trade imbalance rose to $621bn in 2018 despite new tariffsDeficit jumped 19% in December aloneThe US trade deficit hit a 10-year high in December, dealing a blow to Donald Trump’s efforts to restrict imports, especially from China, with protectionist trade tariffs.The gap between the goods US companies sell to China and Chinese imports ballooned to a record $419bn (£318bn),...
High employment rates gloss over a ‘much more complicated story’ of stagnant wages and vanishing mid-level jobsJanuary marked the 100th consecutive month of job creation in the United States – a record breaking streak of job creation that has left employers scrambling to find workers and dragged the long-term unemployed back into the market.Yet even now, 20m jobs later, there are some...
The agent said it would take time to process, but I need the money for a house purchaseSeven months ago I paid the agent Travelup over £2,300 for a return flight from Manchester to Port Harcourt in Nigeria with Air France.Recently, I was told that the return flight had been rerouted and was offered a refund, which I...
Most millennials are now in there 20s and 30s, beginning a career climb and also the time when you are making major financial decisions. These financial decisions can include home ownership, investment strategies, and family planning. Certainly, you want to try and avoid some of the financial hazards that have transpired in the lives of previous generations.Financial literacy is...
Federal Reserve officials are nearing a decision on when to end the reduction of the bonds the central bank is holding on its balance sheet, a key consideration for investors watching how far the central bank will go in tightening monetary policy, according to a Wall Street Journal report.The Fed began the balance sheet roll off in October 2017 after...
Bank urged to close loopholes allowing it to lend to projects in countries until 2023A group of powerful HSBC shareholders have written to the bank’s CEO, John Flint, urging him to close a loophole in its energy policy that allows the lender to bankroll coal projects in certain emerging markets.Investment management firms Schroders, EdenTree and stewardship provider Hermes EOS have also...
Its populist leaders said they were on the cusp of an economic miracle to rival the 1960s, but debt and uncertainty intervenedSharing his predictions on the economy less than a month ago, Luigi Di Maio, the Italian deputy prime minister, believed the country was on the cusp of an economic miracle akin to the one enjoyed in the 1960s.“During...
The dash from cash doesn’t just contribute to social exclusion, it plays into the hands of unaccountable corporationsHow convenient. The decline of cash and the rise of electronic payments makes life so much simpler: no more rooting around in purses and wallets for slippery notes and clunky coins, no awkward change bulking out our pockets. These days, whether by card...
