Retirement prospects for women can be bleak. How to prepare

Retirement prospects for women can be bleak. How to prepare

Momo Productions | Stone | Getty Images Women face tough financial prospects in retirement. About 50% of women ages 55 to 66 have no personal retirement savings, a higher share than men (47%), according to U.S. Census Bureau data. Those who do have retirement savings are less likely to have $100,000 or more (22% vs. … Read more

Egypt hikes interest rates by 600 basis points, pound crumbles to record low

Egypt hikes interest rates by 600 basis points, pound crumbles to record low

Yousef Gamal El-Din | CNBC Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency. The steps were meant to facilitate an agreement with the International Monetary Fund, which is expected to confirm the extension of its current $3 billion … Read more

Here’s how self-made millionaire Vivian Tu created wealth

Here’s how self-made millionaire Vivian Tu created wealth

Vivian Tu. Photo: Heidi Gutman Building wealth and saving for retirement can be more difficult for women facing challenges such as lower wages despite their increasing levels of education. An early-career mentor sparked a mindset shift for Vivian Tu, the founder of Your Rich BFF, who became a self-made millionaire by age 27. “I learned … Read more

Powell reinforces position that the Fed is not ready to start cutting interest rates

Powell reinforces position that the Fed is not ready to start cutting interest rates

Federal Reserve Chairman Jerome Powell arrives to testify during the House Financial Services Committee hearing titled “The Federal Reserve’s Semi-Annual Monetary Policy Report,” in Rayburn Building on Wednesday, June 21, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start … Read more

AI tools are generating misleading election images, researchers say – National

AI tools are generating misleading election images, researchers say – National

Image creation tools powered by artificial intelligence from companies including OpenAI and Microsoft can be used to produce photos that could promote election or voting-related disinformation, despite each having policies against creating misleading content, researchers said in a report on Wednesday. The Center for Countering Digital Hate (CCDH), a nonprofit that monitors online hate speech, … Read more

Nikki Haley To Drop Out Of US Presidential Race: Report

Nikki Haley To Drop Out Of US Presidential Race: Report

Donald Trump maintains a lead in every other state, charging towards the Republican nomination. Former US ambassador Nikki Haley is expected to end her primary bid leaving Donald Trump as the sole Republican candidate for the presidential nomination, local media reported Wednesday.  She is expected to announce her decision in a speech around 15:00 GMT … Read more

Budget 2024 live: Rishi Sunak faces Keir Starmer at PMQs ahead of expected tax cuts announcement by Jeremy Hunt | Politics

Budget 2024 live: Rishi Sunak faces Keir Starmer at PMQs ahead of expected tax cuts announcement by Jeremy Hunt | Politics

Key events Sir Jeffrey Donaldson, the DUP leader, asks Sunak if he will continue to press the Irish government to continue to do more to investigate crimes that took place during the Troubles in their jurisdiction. Sunak says he has spoken to the taoiseach on this. He says he wants families to get as much … Read more