• Tue, December 17, 2024

by: Investopedia

Millennials vs. Gen Z: Who's Winning the Savings Game?

Both Millennials and Gen Zers are saving money, despite high costs of living and student loan debt. But, both generations have trouble saying no to impulse purchases. Here's how they compare.

by: MarketWatch

How do the rich give away their money? With a smart strategy.

Some wealthy individuals are moving hundreds of thousands of dollars out of their estates, either all at once or over time

by: MSNBC

Meet Forbes Media's first female CEO in the company's 107-year history

Sherry Phillips is breaking barriers and making history. This month, Forbes Media announced that Phillips, the company's chief revenue officer, will be promoted to chief executive officer, becoming the first female CEO in Forbes' 107-year history.

by: inc42

Aye Finance Files DRHP For INR 1,450 Cr IPO

The IPO will include a fresh issue of equity shares worth INR 885 Cr and an offer-for-sale (OFS) amounting to INR 565 Cr

by: Finance & Commerce

Chaska advances Beckman Coulter expansion plans

Beckman Coulter, a provider of life diagnostics systems for the health care industry, wants to grow its already strong presence in the southwest metro area with a $50 million building expansion in Chaska,

by: AOL

Is the GM stock rally just beginning?

Bank of America's John Murphy stops by to discuss why it's good to be GM right now and for the foreseeable future. GM has secured the Yahoo Finance Surprise of the Year award.

by: Moneyweb

Understanding PE multiples: The sub-10 and over-20 clubs

The risks at the opposite ends of the market are simply not the same, with far more needing to go right for one 'club' than the other.

by: Forbes

Traditional IRA Contribution Limits For 2024 & 2025

Wondering about the traditional IRA contribution limits? Learn about income eligibility and how to maximize your retirement savings with this guide.

by: Mint

Enel India deal on the final stretch

Three investors have made a binding bid for Enel Group's renewable energy business in India, potentially valuing the wind and solar assets at over $500 million.

by: The Globe and Mail

Business leaders' take on Finance Minister LeBlanc: deep ties to Trudeau, no ties to finance

While LeBlanc has limited business experience, he has won praise from friends with roots in both politics and commerce

by: The New York Times

Bracing for a Fed Pullback

Wall Street sees the central bank cutting interest rates on Wednesday. But growing worries about inflation are adding to investor uncertainty about its policy agenda for 2025.

by: bnnbloomberg

Hong Kong Watchdog Searches Finance Firms' Offices in Listings Probe

Hong Kong's securities watchdog last month searched the offices of about a dozen finance firms and individuals as part of a probe of company listings on the Nasdaq Inc. exchange, according to people familiar with the matter.

by: India TV

PM Kisan Yojana: 19th installment date, eligibility, registration process and e-KYC details

Image Source : PTI/FILE PHOTO Farmers load freshly harvested sugarcane into a tractor trolley. The Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan), jointly launched by the Government of India and the Ministry of Agriculture and Farmers Welfare ...

by: MSN

Connecticut Port Authority announces new executive director

The announcement follows a recent audit report of the CPA, noting "several internal control deficiencies" and issues with documentation.

by: World Socialist Web Site

Canada's Liberal government implodes

Justin Trudeau's prime ministership and his Liberal government hang by a thread after his Finance Minister and Deputy Prime Minister, Chrystia Freeland, resigned from the cabinet Monday morning in a manner calculated to inflict maximum political damage.

by: moneycontrol.com

Why Aadhar Housing Finance is a sound long-term bet

The affordable housing finance (AHF) sector is in a sweet spot, given the high demand for small-ticket home loan (HL), low penetration, and government support. We feel that Aadhar Housing Finance (Aadhar; CMP: Rs 438; M Cap: Rs 18,872 crore; Overweight) is well poised to leverage sectoral tailwinds.

by: Reuters

Canada's political crisis: What are the options for PM Justin Trudeau?

Canadian Liberal Prime Minister Justin Trudeau is under increasing pressure to quit after Finance Minister Chrystia Freeland resigned over a policy clash on Monday, setting up one of the worst crises of his nine years in power.

by: Seeking Alpha

Grab: After A Sharp Rally This Year, It's Time To Start Taking Profits (Rating Downgrade)

Key risks beyond valuation for Grab include competition from Gojek and exposure to credit risk from its growing finance arm. Read why GRAB stock is a Hold.

by: cnbctv18

How Invoice Management System enhances GST compliance and Input Tax Credit claims

The introduction of the Invoice Management System (IMS) by the GST Network has brought a shift in how businesses manage Input Tax Credit (ITC) claims and compliance. This new system allows taxpayers to address invoice discrepancies directly on the GST portal.

by: Reuters

Corporate America pledges donations for Trump's inauguration

Companies ranging from finance majors to Silicon Valley behemoths are pledging donations to Donald Trump's inaugural fund as business leaders rush to ensure a favorable relationship with the U.S. president-elect after his November election win.

by: Seeking Alpha

MoneyLion Has An Unusual M&A Deal For You

MoneyLion's acquisition by Gen Digital for $1 billion offers a potential high-reward investment opportunity with strong revenue growth. See more on ML stock here.

by: MSN

Cancer Daily Horoscope Today (June 21 - July 22) December 18, 2024: Avoid neglecting loved ones!

Cancer Money Horoscope Today You will achieve desired results in all business matters. Economic and commercial opportunities will expand. Cancer Career Horoscope Today Professional connections will grow.

by: Reuters

NZ Commerce Commission cuts local companies' fees for Visa, Mastercard payments

New Zealand's Commerce Commission on Wednesday issued a draft decision to reduce the fees that local businesses pay to accept Visa and Mastercard payments.

by: MSN

Up 75% in a Year, Is It Time to Take Profits on SoFi Stock?

Millions of users continue to flock to digital banking platforms for the unmatched convenience and speed of financial services. SoFi Technologies, Inc. (SOFI), a leading fintech disruptor, offers a comprehensive suite of services - loans,

by: Reuters

What options does PM Trudeau face in Canada's leadership crisis?

Canadian Liberal Prime Minister Justin Trudeau is under increasing pressure to quit after Finance Minister Chrystia Freeland resigned over a policy clash on Monday, setting up one of the worst crises of his nine years in power.

by: MSN

Leo Daily Horoscope Today (July 23- Aug 22) December 18, 2024: Relationships will remain harmonious!

Leo Money Horoscope Today Focus on expenses and investments. Planned expenditures will increase. Leo Career Horoscope Today Work will remain moderate. Increase preparation for your plans. Gains in career and business will remain average.

by: MSN

WSJ Crossword December 18 2024 Answers (12/18/24)

Our WSJ Crossword December 18, 2024 answers guide should help you finish today's crossword if you've found yourself stuck on a crossword clue. The Wall Street Journal Crossword is a well-known and respected puzzle that appeals to solvers looking for a challenging and thought-provoking experience.

by: Reuters

Half US at high risk of power shortfall in next decade, regulator says

About half of the United States is at increased risk of power supply shortfalls in the next decade that could lead to outages and electricity conservation measures, the North American Electric Reliability Corporation said on Tuesday.

by: MSN

Former NFL player, AllianceBernstein vice president Winston Justice named SageSpring CEO

After eight seasons in the NFL and a decade in finance, Winston Justice will be Franklin-based wealth management firm SageSpring's new CEO.
  • Wed, December 18, 2024

by: The Financial Times

Lars Windhorst and H2O: scandal, spies and the superyacht | FT Film

This is the story of Lars Windhorst, a racy financier with nine lives. Once a wunderkind of German business, dubbed the German Bill Gates, Windhorst survived a plane crash and has lost then rebuilt his fortune several times over.

by: QSR magazine

How Burger King and Other Top Brands Are Preparing for 2025

"Shift is great because it is an employee retention and sales-building platform," says David Moorhead, director of marketing and finance at Ander Management ... creating a positive ripple effect throughout the business. "The affordability of ...

by: Firstpost

Rewind 2024: How 2024 was a banner year for IPOs on India's stock market

From Swiggy to Hyundai Motors and NTPC Green, India's stock market has seen a number of blockbuster IPOs in 2024. Companies have cumulatively raised over Rs 1 trillion via IPOs with small and medium enterprises also getting in on the act.

by: ThePrint

Pramerica Life Partners with Policybazaar to Strengthen it's ULIP Portfolio, Launching NextGen Pension Plan and Smart Invest 1UP

Pramerica Life Insurance, one of India's fastest-growing life insurance providers, has joined hands with Policybazaar to accelerate its focus on Unit-Linked Insurance Plans (ULIPs). Building on ULIPs as a critical driver of its product strategy,

by: Raconteur

2025 macroeconomic trends: Trade wars, tax hikes and the road to economic recovery

This was a year full of elections and with that comes a new market environment, including potential increased tariffs and tax hikes

by: USA Today

Listen up, businesses! Time's running out to claim your share of a $5.5B settlement

Feb. 4 is the last day businesses and nonprofits can file a claim in a $5.5 billion Mastercard-Visa settlement. Even shuttered businesses are eligible

by: Business Today

Jury Meet: 29th Edition Of BT Best Banks Awards 2023-24| India's Banking Future

The jury for the 29th edition of the BT Best Banks Awards 2023-24 convened to assess India's banking and NBFC sectors. The esteemed panel featured Jayant Sinha, Former Chair, Standing Committee on Finance and MoS Finance;

by: Business Times

Citi and Maybank Securities collaborate to offer global securities lending to Singapore retail investors

CITI and Maybank Securities announced on Wednesday (Dec 18) that they will be working to facilitate the lending of retail clients' global equity holdings together using Citi's platform. Read more at The Business Times.

by: The Financial Express

Controversial advertising: When brands cross the line in shock-and-awe campaigns

Just weeks earlier, Zomato CEO Deepinder Goyal stirred controversy with a job ad for Chief of Staff, unapologetically advertising that the role required candidates to pay a `20 lakh "fee" and work for free for the first year.

by: moneycontrol.com

Explainer | Specialised investment fund: How this new asset class will work and help investors

The new asset class. positioned between MFs and PMSes. will open different investment products and approaches to Indian investors.

by: moneycontrol.com

Shriram Finance seeks record $1.25 billion offshore loan split across currencies

The loan adds to this year's rush of offshore debt sales by Indian shadow lenders after the nation's central bank tightened rules in November 2023 that made it increasingly difficult for the sector to obtain local currency bank loans.

by: Business Standard

Shriram Finance raises $1.27 billion in multi-currency syndicated loan

Additionally, the company noted that the multi-currency facility highlights the growing global demand for high-quality Indian clients and marks a significant expansion in Shriram Finance's lender base

by: Reuters

UK employers hold pay deals at 4% before expected fall in 2025, survey shows

Pay deals awarded by British employers were steady in the three months to November and are likely to slow next year as companies economise to meet higher tax bills introduced by the new government's first budget,

by: Business Standard

High interest rates deterrent for MSME exporters; working with FinMin: DGFT

The country's high interest rates are a big deterrent for exporters community and the commerce ministry is working with its finance counterpart to help them at this front, a senior government official said on Wednesday.

by: Reuters

Climate tech firms get $80 million to pull carbon from paper mills, sewage plant

Google, H&M, Stripe and other members of the climate-focused Frontier coalition will buy $80 million of carbon credits from a firm using oil industry technology to capture paper mill emissions and another using rocks to do the same at sewage plants.

by: Business Standard

Global Subject Experts Deliberate on 'Information and Competition in the Digital Economy' at the ISB-NBER 2024 Conference

The third annual ISB-NBER conference on Economic Policy and the Indian Economy was recently hosted at the Hyderabad campus of the Indian School of Business (ISB). National and international subject experts and thought leaders converged at ISB to discuss and deliberate on the opportune theme 'Information and Competition in the Digital Economy.

by: MSN

2024 the 'year of the bond' as record inflows top $600 billion

By Harry Robertson LONDON (Reuters) -Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025.

by: Reuters

VW, unions likely to strike deal in small hours or break off till next year, source says

Volkswagen and German unions will most likely either reach a deal in the early hours of Wednesday or adjourn until the new year, a source familiar with discussions said on Tuesday, as the two sides strive to reach a cost-cutting pact before Christmas.

by: Reuters

Experts on Honda and Nissan's talks to deepen ties

Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.

Millennials vs. Gen Z: Who's Winning the Savings Game?

Both Millennials and Gen Zers are saving money, despite high costs of living and student loan debt. But, both generations have trouble saying no to impulse purchases. Here's how they compare.
The article from Investopedia discusses the savings habits of Millennials and Generation Z, highlighting that despite facing economic challenges like student loan debt, housing costs, and inflation, these generations are still managing to save. A survey by Bank of America found that 66% of Gen Z and 65% of Millennials are saving money, with many focusing on emergency funds, retirement, and other financial goals. However, their savings rates are lower compared to previous generations at similar life stages, with Millennials saving about 8% of their income compared to 17% for Baby Boomers. The article notes that while these younger generations are saving less, they are also investing more in assets like stocks and cryptocurrency, which might reflect a shift in financial strategy towards growth rather than just saving. Additionally, there's a noted trend of these generations prioritizing experiences over material possessions, which influences their saving and spending patterns.

Read the Full Investopedia Article at:
https://www.investopedia.com/millennial-and-gen-z-savings-8753602