Economy

Trump Accounts Create a 'Legal Backdoor' for Roth IRA Wealth, Tax Attorney Says

There’s a strategy that could help turn these new investment accounts into tax-free vehicles in retirement, some experts say.

Tariffs on Medical Devices Are a Blunt Instrument for a Precision Industry

The Trump administration has made reducing dependence on foreign adversaries a cornerstone of its economic agenda. From attempting to reshore semiconductor production to attempting to limit the use of Chinese supply chains, this administration’s protectionist policies are a significant piece of its identity. Tariffs are a core tool of that agenda. Used temporarily, tariffs could possibly be used as a negotiation tactic, but in general, they are a tax on consumers — they are a tax on Americans.

Retirement nest eggs are in jeopardy. SAFER Act is the answer

Americans saving for retirement often follow the “buy and hold” strategy, urging them to block out the daily volatility of markets, stick to long-term investment plans, and avoid playing stockbroker. The stock market’s growth over the last 15-20 years proves why that approach makes sense despite financial crises, geopolitical conflict, and fiscal showdowns.

Former Barclays CEO Bob Diamond says Middle East is primed for tokenized finance

Middle Eastern banks are at an advantage as they are more agile with less worries about legacy systems, according to Diamond.

Alphabet's $80 billion stock sale leaves Wall Street in 'unprecedented territory,' says Goldman's Gutman

Goldman Sachs is acting as a joint book-running manager for Alphabet's underwritten offerings.

OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects

The OECD has cut its global growth outlook, warning of lasting damage caused by the Middle East conflict.

How to Invest £50 a Month: Tips for People at Different Ages

Experts explain how small, regular sums can build wealth over time, from your 20s through to retirement

'Quite shocking': why was a vulnerable customer sent a £8,400 energy bill?

ScottishPower apologises for charging error, as millions face higher costs under revised energy price cap

What is the maximum you can get in federal student loans?

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Clarkson’s Farm review

From his multi-million pound beer brand to souvenir emporium flogging cufflinks, there’s such a cult of personality around the bumbling berk now that he’s basically morphing into Kim, Khloé et al. Stick to the farming, Jeremy!

U.S. proposes fresh tariffs on 60 economies over forced labor trade practices

USTR has proposed a 10% duty rate for economies that have adopted a full or partial prohibition on forced labor trade, and 12.5% for all other economies.

Goldman Sachs cuts Hong Kong stocks in favor of mainland China AI hardware plays

The investment bank on Wednesday cut its rating on H shares to market-weight from overweight, while staying overweight mainland China's A shares.