A huge swath of Americans feels under pressure to earn big bucks simply to keep pace with the rising cost of living, a new survey suggests. A poll by Bankrate found that nearly half of respondents think they need to early at least $100,00 a year to live comfortably, while a quarter said they need…
It may seem as if Treasuries are the better bet these days with the US stock market back near record highs and government securities offering respectable yields again. But stocks are still likely to pay more. The urge to ditch stocks is understandable. There’s a lot of uncertainty out there, much of which could have…
Global oil markets are bracing for another wild week after the United States launched direct strikes on Iranian territory over the weekend, raising fears of a retaliatory escalation that could threaten vital energy infrastructure and shipping lanes in the Middle East. Prices spiked to their highest levels in five months in early trading on Monday…
After a muted few days for the market, investors in the week ahead will grapple with the fallout of the United States’ decision to enter Israel’s war with Iran. Here’s a closer look at the five big things we’re watching in the market in the week ahead. 1. Geopolitics: President Donald Trump said Saturday night…
Key moments Inflation cools in May to 3.4% FTSE 100 to open 8.5 points higher, with focus on Middle East US Federal Reserve set to hold interest rates Sign up for our daily business newsletter here Consumer price inflation dips The rate of growth in UK inflation dipped to 3.4 per cent in May, down…
Avoiding this crisis requires a transformation in cooperation between healthcare providers, insurers and health authorities, underpinned by technology integration across the whole system. Ignoring the impact of Covid-19, healthcare costs rose by 23 per cent in the five years to 2023, with taxpayer-funded costs increasing from 50 per cent of the total to 52 per…
The Consumer Price Index in April rose 2.3% on an annual basis, signaling that price hikes remain above the Federal Reserve’s goal of bringing down inflation to a 2% rate. By the numbers The CPI was forecast to rise 2.4% last month, according to economists polled by financial data firm FactSet. The CPI, a basket of goods…
Hong Kong’s lowest-paid workers received a pay rise on Thursday, with their hourly wage increasing by HK$2.10 (30 US cents), from HK$40 to HK$42.10, following a recommendation adopted by the government’s key decision-making Executive Council. The Post takes a look at the 5.25 per cent increase, the first since a new formula for adjusting the…
Hong Kong’s lowest-paid workers received a pay rise on Thursday, with their hourly wage increasing by HK$2.10 (30 US cents), from HK$40 to HK$42.10, following a recommendation adopted by the government’s key decision-making Executive Council. The Post takes a look at the 5.25 per cent increase, the first since a new formula for adjusting the…
Unlike previously, when May 1 was marked by large-scale demonstrations calling for better protection for workers, Labour Day in more recent years has passed by as a paid holiday for people to take a break. But this year offers double the reason to celebrate as two key improvements in benefits take effect today. The hourly…