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Tesla Day Trader Loses Entire $306M Fortune, Sues Canadian Bank For 'Misleading' Financial Advice
Christopher DeVocht from British Columbia alleges that RBC didn't acknowledge his limited financial acumen and advised him to donate millions to charities and trade using a margin account via a new holding company to avoid taxes.
How A $16 'Buy Now, Pay Later' Debt Blocked A Woman From Getting A Home Loan Despite $100k Savings
Lou, a final-year student working full-time in the tech sector, had to pay off her $16 outstanding BNPL debt and $38,000 in HECS student loans before securing a mortgage.
'Big Short' Investor Michael Burry Ditches Gold, US Stocks For Cheap Chinese Internet Companies
Burry reduced Scion Asset Management's portfolio size by almost half in Q2 to just over $50 million as part of a reshuffling that involves investments in healthcare and China's tech firms.
Robert Kiyosaki Predicts Historic Market Crash That Could Massively Drag Down Real Estate Prices
Robert Kiyosaki explains why it is time to cash in real estate investments. He sees a major market crash before a long-term bull cycle in late 2025 lifts prices of different assets to record levels.
These Two Market Indicators Are Flashing Warning Signals For US Stocks
The Cboe Volatility Index jumped to a three-month high of 18.46 while Warren Buffett's time-tested stock market valuation indicator reached record levels of 200%.
The Last Time This Warren Buffett Indicator Reached This High, A Painful Year-Long Bear Market Followed
Berkshire Hathaway Chairman Warren Buffett's stock market valuation indicator reached an all-time high of 200% last week, implying extreme stock valuations.
How Billionaire Investor Ray Dalio's 'All Weather' Investment Approach Earned Him A Fortune
Ray Dalio's offensive and defensive investing strategies, combined with diversification across industries and asset classes, have helped him amass a personal fortune of $15.4 billion.
16 Nobel-Prize Economists Say 'Joe Biden's Economic Agenda Is Vastly Superior to Donald Trump'
The Nobel laureates think former President Donald Trump's re-election will reignite inflation and have a destabilising effect on the US economy.
5 Stocks From Warren Buffett's Portfolio To Buy and Hold for the Next Five Years
Buffett's investing philosophy is buying great companies at a fair price. These five stocks form the pillar of his $340 billion portfolio, poised for future growth.
What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits
While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.
UK Economic Revival Predicted: Falling Inflation and Tax Cuts Set Stage for Growth
A recent study conducted by the EY Item Club, a prominent forecasting body sponsored by EY, suggests that the nation is poised for a resurgence in the latter half of the year.
Central Banks Risk Tipping UK and Other Developed Countries Into Recession
The report highlights the risk of a vicious cycle, where low interest rates fail to stimulate meaningful economic growth and cause a recession.
UK Economy at Risk of Recession as Business Activity Declines and Cost Pressures Ease
The preliminary reading of the S&P Global UK PMI for the services sector, often referred to as the "flash" PMI, fell to 49.2 in October from 49.3 in September.
Experts predict the Bank of England will raise interest rates a final time from 5.25% to 5.5%
Initial GDP figures for July show a fall of 0.5 per cent, a worse performance than expected by economists, increasing the fears of a "mild recession".
US home sales fell again in April
Year-on-year, existing home prices saw their largest decline since 2012.
Europe resists energy crunch, boosting growth forecast
Consumer price inflation is expected to drop back to 2.8 percent in 2024, still above the European Central Bank's two percent target.
Stocks tread water ahead of key US inflation data
Markets are looking ahead to Wednesday's release of key consumer price data
Wall Street tumbles, treasury yields slide as recession fears mount
U.S. stocks turned sharply lower and benchmark Treasury yields dropped on Tuesday as disappointing earnings and soft economic data stoked recession fears, sending investors fleeing riskier assets for safe havens.
UK economy shows signs of recovery despite inflation's drag
British businesses reported their busiest month in a year and consumers turned more confident.
Rate-hike fears keep stocks rangebound
Markets fear that the monetary tightening by central bankers will tip the economy into recession.
Inflation bites into profits of UK supermarket Tesco
In a bid to retain customers, Tesco is matching the prices of similar goods offered by UK supermarkets run by German discounters Aldi and Lidl.
US economic data displays further signs of weakness
Analysis from Swiss online leading bank, Swissquote, has provided insight into the US financial markets ahead of the US jobs data coming out on Good Friday.
UK residents can save up to £60,000 per year on their pensions
From ISAs to pensions, VCTs to EISs, Madeleine Ingram, Director at Calculus, shares how UK individuals can make tax-efficient investments amid the fair of a coming recession.
Canadian firms' inflation expectations, recession concerns ease slightly
About half of Canadian businesses see a mild recession over the next year, the Bank of Canada said on Monday in a first quarter survey, fewer than in the fourth quarter, and most are bracing for inflation to stay above 2% until at least 2025.
UK Workers remain divided over Hunt's Spring Budget announcements, new survey shows
A recent survey reveals that the UK workforce is divided over Jeremy Hunt's Budget announcements, with the CEO of CV-Library stating that "personal finances remain the key driver for the overwhelming majority".
Job seeker confidence 'higher than during the Financial Crash', new research shows
Jobseekers remain optimistic about their job security and career progression prospects, according to the Robert Half Jobs Confidence Index.
UK budget winners and losers: the pound, gilts and stocks
Finance minister Jeremy Hunt presented less gloomy forecasts for Britain's economy at his Spring Budget on Wednesday.
Major central banks return to inflation fight in February
Major central banks resumed their quest to ramp up interest rates in February after a tepid start to the year with price pressures proving more sticky than markets and many policy makers had hoped for.
UK wages at 32-year high even as labour market fears possible recession
Despite an economic slowdown widely expected to morph into a recession later this year, the labour market remains tight, with upward pressure on wages.
Stock markets slip despite easing recession risks
Major stock markets in Europe and Asia mostly fell Tuesday, with investors brushing off positive data ahead of Wall Street's reopening after a long holiday weekend.