[ad_1] The Federal Reserve indicated that inflation risks remain “considerable” due to the uncertain impact of new trade tariffs, casting fresh doubt over imminent interest rate cuts, according to the July Federal Open Market Committee minutes released Wednesday.Despite signs of a labor market slowdown, a majority of Fed officials voted to keep the federal funds rate unchanged at 4.25%-4.50%, citing concerns that “tariff effects were becoming more apparent in the data,” particularly in goods inflation, while services inflation continued to ease.Two Dissenters Pushed For A CutFor the first time since 1993, the Fed saw two dissenters — Governors Michelle Bowman…
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[ad_1] The Employees’ Provident Fund Organisation (EPFO) has recorded an all-time high net addition of 21.89 lakh members in June 2025, the highest since payroll data tracking began in April 2018, marking a 9.14 per cent rise in net payroll additions compared to May 2025 and a year-on-year growth of 13.46 per cent from June 2024, reflecting increased employment opportunities and heightened awareness of employee benefits. New subscribers surge, youth lead payroll growth EPFO enrolled around 10.62 lakh new subscribers in June 2025, a 12.68 per cent increase over May 2025 and a 3.61 per cent rise compared to June…
[ad_1] Aug. 20 (UPI) — President Donald Trump has bought at least $103 million of corporate and municipal bonds since he took office in January, new filings from the Office of Government Ethics show. The documents were released Tuesday night and show that the president began the buying on Jan. 21, one day after being sworn in. The 690 purchases include debt sold by companies, local governments and entities that could be affected by his agenda. Active trading by a president of the United States has never happened before, as they usually divest or put their holdings into a blind…
[ad_1] The first year of retirement is when dreams meet reality. For many new retirees, it’s also when costly financial mistakes can set the stage for decades of money problems. Aaron Channing has seen these mistakes firsthand. As a partner and private wealth advisor at Fortivus Wealth Group, a Northwestern Mutual Private Client Group, he works with clients navigating the transition from earning to spending their nest eggs. Be Aware: 6 Key Signs You’ll Run Out of Retirement Funds Too Early Read Next: 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses The mistakes he sees aren’t…
[ad_1] The race to dominate the autonomous ride-hailing market is heating up. Waymo, Alphabet’s self-driving subsidiary, is not only pushing ahead with new technology but also proving its robotaxis can outperform most human drivers on Uber’s platform. The company has now deployed its sixth-generation vehicles for testing in Philadelphia, marking a key step in its Northeast expansion. Waymo Robotaxis Outpace 99% of Uber Drivers in Q2 Surge During Uber’s second-quarter 2025 earnings call, CEO Dara Khosrowshahi shared a striking update: Waymo robotaxis operating on the platform in Austin and Atlanta were more productive than 99% of Uber’s human drivers. These…
[ad_1] The demand for home loans decreased 1.4% for the week ending Aug. 15, according to the Mortgage Bankers Association. This dip comes after two straight weeks of mortgage applications increasing.The decrease comes despite mortgage interest rates dropping to their lowest in 10 months. The average rate on a 30-year fixed home loan was 6.58% for the week ending Aug. 14, according to Freddie Mac. That number was down again from 6.63% the prior week.The Market Composite Index, a measure of mortgage loan application volume, decreased 1.4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis,…
[ad_1] Image source: Getty Images Passive income bring freedom. Imagine having money coming in without having to work for it. One way of doing this is by investing in a portfolio of FTSE 100 shares in a Stocks and Shares ISA. Every UK adult can invest up to £20,000 a year in an ISA. Most only use a fraction of their allowance, but using some is better than nothing. Even smaller sums can grow into a big pot over time. Let’s say an investor wants to generate income of £1,250 a month, which works out at £15,000 a year. That’s…
[ad_1] Image source: Getty Images As the FTSE 100 continues its surge above 9,000 points, the biggest dividend yields are falling. It seems hardly any time since the index was headed by stocks offering yields over 10%. But previous leader Phoenix Group Holdings (LSE: PHNX) is now down to 8%. Taylor Wimpey (LSE: TW.) most catches my eye, on a forecast 9.3% yield. It got a boost from last year’s share price surge losing its way — the stock has fallen 40% in the past 12 months. Inflation back on the rise doesn’t help, and it could set the housebuilding…
[ad_1] Labour is preparing to kick off a new wave of public-private partnerships (PPPs) in England to build the neighbourhood health centres at the heart of its NHS 10-year plan.Ministers will make a final decision in the autumn budget about whether to use the funding approach, which was put on pause eight years ago.But critics say lessons have not been learned about the pitfalls of PPPs, and point to the chaos unleashed by the 2018 collapse of the mega-contractor Carillion, with its complex portfolio of projects.While it was originally conceived under the Conservatives, Tony Blair’s Labour government made significant use…
[ad_1] Image source: Vodafone Group plc On 18 January 2000, the BBC reported that Vodafone (LSE:VOD) shares had surged 6.7% on optimism that the group was going to be successful in its £79bn takeover bid for Mannesmann, a German conglomerate with a significant telecoms business. This pushed the group’s stock market valuation to £109.1bn, which was enough to lift it above BP. Just 15 years after it was formed, it had become the UK’s most valuable company. How times have changed. Today (20 August), it’s the 31st biggest. But its remarkable growth story didn’t end there. The company went on…