Author: IA PressRoom

My wife and I enjoy two week-long vacations a year to the local seashore, and we generally live well within our means.I’m convinced we can afford a new-car payment, but my wife is convinced it will break us, and that’s a problem. I’m 45 and my wife is 43. My wife and I make a combined income of around $220,000 per year as professionals, which puts us comfortably in the middle class where we live. We’re very lucky to experience virtually no financial strain, even with the odd unexpected expense.  Our cash flow is, in my opinion, pretty good. We…

Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page. The average savings account in the US pays 0.40% Annual Percentage Yield (APY), according to the FDIC. The best CD rate right now is 5.28% APY on a 12-month CFG Bank CD, and the best savings account rate is 5.05% APY from Western Alliance Bank, powered by SaveBetter.Whether you’re looking for the best CD rates or best high-yield savings account, we’ve done…

Pensions are not usually considered the sexiest of discussion topics. But suddenly MPs from both of Britain’s main parties are falling over themselves to talk about them. The penny has finally dropped on how the country’s vast pension savings of about £3tn — one of the largest globally — could be deployed more productively to boost the UK’s long-term economic growth prospects. The bulk of total pension assets are stashed in low-risk, low-yield bonds. Unlocking just a portion of that for long-term investment in promising British businesses and infrastructure projects would drive higher productivity. The consensus on finding ways to…

© Reuters. New Treasury and Finance Minister Mehmet Simsek stands during a press conference where Turkish President Tayyip Erdogan announced the new cabinet, in Ankara, Turkey June 3, 2023. REUTERS/Umit Bektas ANKARA (Reuters) – Turkey’s newly appointed Finance Minister Mehmet Simsek said on Sunday that the country has no choice but to return to “rational ground” to ensure predictability in the economy. President Tayyip Erdogan named Simsek to his cabinet on Saturday to tackle Turkey’s cost-of-living crisis and other strains, in a clear sign that his newly elected government would return to more orthodox economic policies. In a handover ceremony,…

© Reuters. FILE PHOTO: A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit Tessier/File Photo ISTANBUL (Reuters) – European planemaker Airbus is seeing a more predictable pattern in its industrial activities and what appears to be the start of a more positive trend in deliveries, Chief Commercial Officer Christian Scherer said. “The trend seems to want to be positive. We are seeing a steady increase in our ability to fly planes as they come out of the assembly line,” he told Reuters, adding that Airbus was fully focused…

California Democrat Gov. Gavin Newsom and state Attorney General Rob Bonta announced Saturday an investigation into the arrival of migrants at a church in Sacramento to determine if kidnapping or other crimes were committed.In a statement, Newsom said more than a dozen migrants were transported from Texas to New Mexico before being flown to Sacramento and left on the doorstep of a local church “without any advance warning.””We are working closely with the Mayor’s office, along with local and nonprofit partners to ensure the people who have arrived are treated with respect and dignity, and get to their intended destination…

Warning: LNSTY is at high risk of cutting its dividend

JPMorgan CEO Jamie Dimon hinted that he’d consider getting into politics once he leaves banking. Bill Ackman, Warren Buffett, Bill Clinton, and Ross Perot Jr. have praised Dimon’s political potential. Here’s what they’ve said about the billionaire banker. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app JPMorgan CEO Jamie Dimon hinted this week that he would consider getting into politics once his banking career ends. Billionaire investor Bill Ackman promptly suggested that he should run for US president.It’s not the first time the billionaire…

© Reuters. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -OPEC and its allies will meet on Sunday to debate a new deal possibly adjusting countries’ output quotas and a further cut in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world’s crude,…

© Reuters. FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly//File Photo LONDON (Reuters) – Goldman Sachs (NYSE:) revised its Turkish lira forecast in the wake of President Tayyip Erdogan’t cabinet revamp, saying it now expected the currency to weaken to 28 to the dollar in 12 months compared with a previous prediction of 22. Erdogan signalled on Saturday his newly-elected government would return to more orthodox economic policies when he named Mehmet Simsek to his cabinet…