So, you’ve decided it’s time to take control of your financial future and achieve long-term stability. Congratulations! Whether you’re just starting your journey or looking to fine-tune your financial strategy, the road to financial security can feel daunting at times. But fear not! In this guide, we’ll explore some practical tips and strategies to help you pave the way to lasting financial stability. Understanding Long-Term Financial Stability Before we dive into the tips, let’s clarify what we mean by “long-term financial stability.” Simply put, it’s about more than just having enough money to cover your expenses—it’s about having the peace…
Author: insighter
People purchasing fruit at an agricultural trade market on May 11, 2024 in Lianyungang, Jiangsu Province of China. Vcg | Visual China Group | Getty Images BEIJING — As China’s economy moves into the second quarter of the year, a few indicators are pointing to sluggish growth ahead if things don’t turn around, raising expectations for monetary policy easing. The National Bureau of Statistics is due to release data on retail sales, industrial production and fixed asset investment for April on Friday. Analysts polled by Reuters as of Tuesday expect a slight increase compared to March. The same day, China…
OpenAI co-founder Ilya Sutskever said Tuesday that he’s leaving the Microsoft-backed startup. “I am excited for what comes next — a project that is very personally meaningful to me about which I will share details in due time,” Sutskever wrote in an X post on Tuesday. The departure comes months after OpenAI went through a leadership crisis in November involving co-founder and CEO Sam Altman. In November, OpenAI’s board said in a statement that Altman had not been “consistently candid in his communications with the board.” The issue quickly caqme to look more complex. The Wall Street Journal and other…
Federal student loan interest rates will reach record heights for the 2024-25 school year, increasing the cost of college for people who will take out student loans, according to a May 14 Education Department announcement. Here’s how 2024-25 federal student loan interest rates will compare to 2023-24 rates: Undergraduate direct loans will have a 6.53% interest rate, up from 5.50%. Graduate and professional direct loans will have an 8.08% interest rate, up from 7.05% PLUS loans, available to parents and grad students to fill in funding gaps, will have a 9.08% interest rate, up from 8.05%. Since 2006, all federal…
For many aspiring students, the decision to attend college comes with scary caveats, like years of unaffordable debt. Now there’s another thing to fear: Even if having a degree leads to higher earning potential down the line, a new analysis says about 30% of students won’t earn enough money to offset the price of school. All things considered, the decision to attend college involves a lot of financial decisions a typical high school graduate might not have enough awareness about, including how to pay off education-related debt and how much they can expect to earn from the degree they choose.…
Indiana Fever guard Caitlin Clark, #22, drives to the basket against Atlanta Dream guard Destanni Henderson, #33, during a WNBA preseason game at Gainbridge Fieldhouse in Indianapolis, Indiana, on May 9, 2024. Brian Spurlock | Icon Sportswire | Getty Images The Women’s National Basketball Association regular season opens Tuesday night with breakout star Caitlin Clark making her debut as point guard for the Indiana Fever. The game will be streamed on Disney+, the service’s first live sports event. As the NCAA’s all-time leading scorer for both men’s and women’s basketball, Clark helped draw a record 18.9 million viewers to the…
Airbnb’s CEO Brian Chesky has gone full Willy Wonka. I was watching him at a live press event, describing the company’s over-the-top new “Icon” experiences. This program includes a full-scale replica of the colorful house from the Pixar film “Up,” which his team lifted over the New Mexico desert with an enormous crane. Chesky explained that regular houses can’t be lifted like that, so a special team of structural engineers had been hired to make sure the replica wouldn’t break apart on liftoff. The flying “Up” house won’t make money for Airbnb or its shareholders anytime soon. It can be…
McDonald’s diners have not pulled any punches in saying how they feel about the burger behemoth ratcheting up prices to $8 for a chicken sandwich and $18 for a Big Mac meal—a phenomenon they’ve begrudgingly dubbed “McFlation.” “It’s $25.39 for a 40-piece nuggets and two large fries. You couldn’t even throw in the Sprite?” one TikToker grumbled. Now the fast-food giant is avoiding further beef with its customers, planning to introduce a $5 meal deal to U.S. customers for a limited time, Bloomberg reported. The meal bundle could include a McChicken or McDouble, fries, and a drink—resembling similar promotions from…
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers’ Association in Amsterdam. The appearance is the central bank leader’s first public address since the Federal Open Market Committee voted again to keep its benchmark interest rate steady, which it has done since July 2023. Policymakers remain concerned that inflation is not showing enough evidence that it is moving toward the Fed’s 2% annual target. Recent data points have…
Everybody loves a relaxing vacation, but the chaotic nature of an airport terminal can induce anxiety in even the most zen of travelers. Loudspeaker announcements, beeping golf carts and crying children create a cacophony — wouldn’t it be nice to wait for your flight in a peaceful environment instead? Enter airport lounges. Hanging out in an airport lounge before a trip or on a long layover can enhance your travel experience by a mile. And these havens aren’t just for those flying in fancy cabins. What are airport lounges? Airport lounges are quiet areas inside the terminal where passengers can…
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year and caused a rethink of where policy is headed. “We did not expect this to be a smooth road. But these [inflation readings] were higher than I think anybody expected,” Powell said. “What that has told us is that we’ll need to…
Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers. Chase Ultimate Rewards® is superior to its key rivals among travel rewards programs in the same way that a four-star hotel is superior to a three-star one. From the outside, a three- and four-star hotel may look exactly the same. Heck, they may even have similar revolving doors that spill into indistinguishable lobbies. But once you’re inside long enough, you start noticing the difference. The four-star hotel has a spa. Spin class. A bigger pool. There’s a New York strip…