If you’re struggling to make ends meet, you may be eyeing any cash you have stashed away for the future as a solution. In fact, about 1 in 5 workers have borrowed or withdrawn money from retirement accounts, according to a recent survey from SoFi. However, withdrawing money from a workplace retirement account, such as … Read more
Mt. Fuji and Tokyo skyline Jackyenjoyphotography | Moment | Getty Images Japan’s Nikkei stock index has been on a record-breaking spree on the back of robust earnings and investor-friendly measures. But the country’s ailing economy has experts divided over this sustainability of this rally. The Nikkei 225 surged past the 40,000 mark on Monday, with … Read more
An employee puts gold bullions into a safe deposit box at a Degussa shop in Singapore. Edgar Su | Reuters Gold futures settled at the highest level ever on Monday as traders bet the Federal Reserve will start cutting interest rates in the second half of the year. The gold contract for April gained $30.60, … Read more
Six people, including four teenagers, have been arrested after a terrifying shooting in Sydney’s southwest. About 9.20pm on Tuesday, September 12, 2023, police were called to a carpark on Canterbury Road in Campsie, following reports of a shooting. WATCH THE VIDEO ABOVE: Six arrested after alleged attempted gangland murder ambush. Stream local 7NEWS free on … Read more
Missiles on the background of the Chinese flag Anton Petrus | Moment | Getty Images China is set to increase its defense spending by 7.2% in 2024, Reuters reported Tuesday, citing an official government work report released as part of the country’s annual parliamentary meetings in Beijing. This year’s military budget announcement comes against the … Read more
CNBC’s Jim Cramer on Monday disputed talk of sector bubbles, saying investors should be prepared to buy if there’s a sell-off and undervalued stocks pull back. “I will be ready to buy if this market sells off,” he said. “Just raise some cash and be ready to do some buying if and when the market … Read more
Federal Reserve Chair Jerome H. Powell takes his seat to testify before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023. Kevin Lamarque | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more
Sergey Brin, president of Alphabet and co-founder of Google David Paul Morris | Bloomberg | Getty Images Google co-founder Sergey Brin, in a rare public appearance over the weekend, told a group of artificial intelligence enthusiasts that he came out of retirement “because the trajectory of AI is so exciting.” Brin, 50, spoke to entrepreneurs … Read more
China’s Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse | Reuters BEIJING — China set a growth target of “around 5%” for 2024, according to the “Government Work Report” released Tuesday. The targets for GDP and other economic indicators were published … Read more
Shannonstent | E+ | Getty Images As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency. Digital assets are one of the agency’s “priority areas,” according to a press release sent last week. The IRS announced it hired two former crypto executives to beef up its digital currency … Read more
