Last year, when we published the Unified Pension Scheme vs National Pension Scheme Calculator, many readers were surprised that we used a single formula to determine future NPS corpus by treating it as a step-up SIP. Since then, several users of that tool have asked us to explain the formula. So here are the details.A step-up SIP refers to periodic investments where the invested amount increases at some rate. This is technically called a growing annuity.SIP formulaSIP = monthly SIP amount. We shall multiply this by 12 and consider the corpus from a yearly SIP. Since the returns are variable,…
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Image source: Getty Images My Stocks and Shares ISA has more than doubled over the past five years. I’ve done this by picking high-quality shares and patiently holding them. Today I’m looking at FTSE 100 shares that could help an investor’s ISA to multiply in value over the next five years. First, investors could consider the credit-scoring business Experian (LSE:EXPN). Over the past few decades, data has become the new oil. And Experian holds barrels of valuable data relating to credit scores and fraud detection. It’s a clever business that analyses this data, then creates various tools and subscriptions that…
(Bloomberg) — JPMorgan Chase & Co. is expanding research coverage to private companies in the Wall Street bank’s latest effort to capitalize on the rapidly growing field. Most Read from Bloomberg The coverage will begin with sectors where private companies play a bigger role in shaping industry dynamics and innovations, such as AI and software, according to a person familiar with the matter. In its first move, the bank launched coverage on OpenAI on Friday. Unlike traditional equity research on public firms, the new offering won’t include ratings, price targets or estimates on private companies, Hussein Malik, JPMorgan’s head of…
Wall Street analysts lifted their price targets on Amazon stock ahead of the Facebook and Instagram parent’s quarterly earnings report July 31. Needham analyst Laura Martin lifted her outlook on Amazon shares on Tuesday to $265 from $220, citing “strong” revenue growth for the company’s cloud division, AWS, “record-breaking” Amazon Prime days, waning tariff woes, and lower costs in its logistics operations (i.e. deliveries) due to generative artificial intelligence. “AMZN is reporting strong improvement in its labor productivity, which we believe is a lead indicator to upside share price performance,” Martin added. Deutsche Bank analyst Lee Horowitz also lifted his…
By Fergal Smith TORONTO (Reuters) -The Canadian dollar strengthened to a two-week high against its U.S. counterpart on Tuesday as a downbeat forecast for the U.S. economy by a major investment bank weighed on the greenback. The loonie was trading 0.5% higher at 1.3615 per U.S. dollar, or 73.45 U.S. cents, after touching its strongest intraday level since July 7 at 1.3606. Goldman Sachs expects U.S. economic growth to slow to an annual rate of 1.1% in 2025 as tariff-related price increases hold back consumer spending, CNBC reported. Earlier this month, the investment bank forecast three quarter-point interest rate cuts…
You may have encountered the growing frequency of references to “mindfulness,” broadly defined as a practice of focusing intently on the present moment, observing one’s current circumstance without evaluation or judgment.It has its roots in Buddhist and Hindu teachings and was introduced in America during the 1970s as a pain management technique. In a world of increasing complexity and stress, the practice of mindfulness has been shown to have tangible emotional and physiological benefits, so much so that an increasing number of major companies like Google, General Mills, Intel and AstraZeneca are offering mindfulness resources and training to their employees.Mindfulness…
Regional banking company First Busey (NASDAQ:BUSE) reported Q2 CY2025 results topping the market’s revenue expectations , with sales up 70.4% year on year to $198 million. Its GAAP profit of $0.52 per share was 15% below analysts’ consensus estimates. Is now the time to buy First Busey? Find out in our full research report. Net Interest Income: $153.2 million vs analyst estimates of $152.9 million (85.8% year-on-year growth, in line) Net Interest Margin: 3.5% vs analyst estimates of 3.4% (46 basis point year-on-year increase, 5.4 bps beat) Revenue: $198 million vs analyst estimates of $193.3 million (70.4% year-on-year growth, 2.4%…
(Bloomberg) — US 10-year Treasuries rose for a fifth day as Treasury Secretary Scott Bessent offered support for Federal Reserve Chair Jerome Powell, reassuring investors. Most Read from Bloomberg “The market has taken solace from these comments, the inference being that Trump has been convinced, yet again, not to pursue his campaign to remove Powell,” Ian Lyngen, head of US rates strategy at BMO, wrote in a note. Powell’s future has become a key issue for bond investors as the Fed chief has come under fire from President Donald Trump for holding interest rates steady while waiting to see if…
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Recession risks are down, but keep your guard up. Getty Images/Jeffrey Hazelwood/CNETEarly this spring, talk of a recession swirled after President Donald Trump began his chaotic tariff campaign. The likelihood of a severe economic downturn hit 66%, according to Polymarket.As Trump deferred some of his most aggressive trade proposals, those forecasts leveled out, but the contours of a potential recession are hard to ignore. Growth in the first quarter of 2025? Down. Jobless claims? Sharply higher. Consumer sentiment? That almost hit rock bottom. On top of that, there are whispers of stagflation, a painful mix of high prices and joblessness,…