WASHINGTON—President Trump told a national audience on Tuesday that he had unleashed a new age of economic prosperity. One thing he didn’t say: I feel your pain. President Trump delivering the first State of the Union address of his second term. At the core of Trump’s State of the Union address was a calculation that…
How do you get youngsters interested in lessons about saving, budgeting and investing? Definitely not with lectures, said the founders of Talents Foundation, a Hong Kong charity that aims to teach young people how to manage their finances and achieve their career and life goals in a fun way. Founders Arthur Hui Ka-yu and David…
Protests continue in Iran against surging inflation and the decline of the Iranian rial. Amid the widespread demonstrations, which have now reached over 250 locations in the country, several media reports have claimed that the United States might be planning an intervention in Tehran. A demonstrator holds up a poster of the Iranian Supreme Leader…
The Mandatory Provident Fund (MPF) turns 25 years old this month, with most of its pension funds delivering solid returns that have enabled all but the most conservative members to outpace both inflation and bank deposits, according to data from the pension regulator. The year-to-date net investment return of the MPF stood at 15 per…
The situation around Venezuela has Americans asking to know more. Across party lines, big majorities say the administration needs to explain what the U.S. intends regarding any action, and that it has not done so clearly yet. Meanwhile, what Americans hear from the White House about inflation is, they say, not what they’re actually feeling…
United States job growth accelerated in September despite a cooling job market as the unemployment rate rose. Nonfarm payrolls grew by 119,000 jobs after a downwardly revised 4,000 drop in August, according to the Bureau of Labor Statistics (BLS) report released on Thursday. Recommended Stories list of 4 itemsend of list The unemployment rate rose…
Although inflation across the U.S. is far cooler than in the post-pandemic years, millions of Americans say they still feel the pinch of rising prices, struggle to pay the bills and express concern about their financial prospects. Price increases are nowhere near the level reached in June of 2022, when the Consumer Price Index hit…
As child care costs soar, many Americans today find themselves paying more for a caregiver than they do for their monthly rent, according to a new analysis. Child care costs for parents with two kids exceed rental costs in 85 of the country’s largest metro areas, personal finance site LendingTree found. In Omaha, Neb., Milwaukee, Wis.,…
A growing share of lower-income Americans are struggling to get by financially as their wages fail to keep up with inflation, according to a recent analysis. Roughly 29% of lower-income households are living paycheck to paycheck, up slightly from 2024 and from 27.1% in 2023, data from the Bank of America Institute shows. The financial…
It’s not time to worry about the end of the bull market just yet, according to one top US bank. Morgan Stanley’s new outlook puts the S&P 500 at 7,800 by the end of next year. That implies the benchmark index rising 16% from current levels, with investors shrugging off concerns about an AI bubble…