The dollar edged lower as the US debt ceiling agreement affected the safe haven’s appeal

[1/3] Illustrative photo showing US $100 banknotes taken in Tokyo on August 2, 2011. REUTERS/Yuriko Nakao/File Photo The dollar falls after the US debt ceiling agreement High risk currencies The Turkish lira touched a new record low LONDON (Reuters) – The dollar fell on Monday, retreating from six-month highs against the yen, as a US … Read more

The debt-limit deal brings cautious relief: markets have turned

(Bloomberg) — U.S. stock futures posted modest gains after Friday’s strong performance on Wall Street, while European stocks fluctuated amid cautious optimism that the United States will avoid a catastrophic default after a temporary weekend deal. Most Read from Bloomberg Contracts on the S&P 500 rose about 0.3%, while contracts on the Nasdaq 100 rose … Read more

Lakeshore Advantage plans to headquarter $15.3 million incubator in the Netherlands

View of Lakeshore Advantage’s planned Next Center at 65 E. Seventh St. In the city center of Holland. Credit: Courtesy of Lakeshore Advantage NETHERLANDS — Lakeshore Advantage Corp., an economic development organization serving Ottawa and Allegan counties, has revealed plans for a $15.3 million development in central Holland that would house a business incubator in … Read more

Why American employees are abandoning their 401(k) plans for bitcoin

Traditional retirement savings in the United States mostly revolves around the 401(k) plan. However, many American employees are re-evaluating this traditional path for various reasons as an unexpected competitor emerges. Bitcoin, the leading cryptocurrency, is increasingly seen as a superior savings technology. Recent shifts in the financial landscape highlight the rise of Bitcoin in discussions … Read more

Retirement: the pros and cons of universal life insurance

Dear Liz: Are indexed universal life insurance products worthwhile, and how do they compare to a Roth IRA? Answer: Both offer the possibility of tax-free distributions in retirement, but universal indexed life insurance is a complex product with high expenses and is not suitable for most investors. With a Roth IRA, nearly all of your … Read more

How the rise of China changed America

There are two countries on offer right now – one that is close to default on its debt due to the rise of right-wing extremism, and the other that is experiencing a stock market boom due to artificial intelligence. The other day, the market value of AI chip maker Nvidia jumped by $190 billion to … Read more

The race to dominate the LNG sector is to create a buyer market

In February 2021, Qatar laid out a plan to ensure its dominance in LNG exports for at least two decades. Qatar, as the world’s largest LNG exporter, has shocked the world by announcing that it will indeed do so Expanding its production by more than 50% to 126 million tons annually until 2027. In doing … Read more

Tribute to Subumi Balogun, Entrepreneurial Banker, by Femi Otedola

Founder of First City Monument Bank (FCMB), Subomi Balogun I pray that the new generation of bankers will learn from their dean and understand more clearly the links between remittances and the economy. Banks cannot thrive without true entrepreneurs and entrepreneurs cannot accelerate growth without the leverage of supporting banks. Otunba MO Balogun (CON) was … Read more

What you think you know about working in retirement may be wrong

Most Americans will need to take advantage of various sources of income to make ends meet in retirement. Social Security is the obvious choice, along with money accumulated in workplace retirement accounts, individual retirement accounts and other savings. But what about employment-related income? Once people reach retirement age, will it be easy for them to … Read more

6 Social Security changes expected in the summer of 2023

Backyard Production/Getty Images/iStockphoto Social Security is one of the hottest topics this election season, and there are some big proposed changes coming. is reading: Suze Orman, Warren Buffett, and other financial experts trust how to better prepare yourself for retirementLearn more: 3 ways to prove your retirement from the recession The White House released a … Read more