Federal Reserve Chairman Jerome Powell. Andrew Harnik | Getty Images Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a rate cut comes in September, as experts expect, it would
Pay Dirt is Slate’s money advice column. Have a question? Send it to Athena, Kristin, and Ilyce here. (It’s anonymous!) Dear Pay Dirt, My father-in-law is a very old-fashioned man. He lost his only son when he was in high school. It is a family tradition to name sons after their fathers. So he is “John VI.” He
Investors who adhere to the contrarian investment philosophy can find resonance in the experiences of Bruce Flatt, CEO, Brookfield Asset Management. In contrast to many of his counterparts, Flatt refrains from hastily investing in the latest trendy stocks or assets. His approach involves going against the prevailing market sentiment and making bets that diverge from
Sovereign Gold Bonds (SGBs) are currently trading at a premium over their reference prices on exchanges, driven by their tax benefits and attractive coupon rates. With speculation over new issuances in the future, these listed bonds have seen increased demand. By mid-August 2024, the top 15 most liquid SGB series were closing 8% higher than
3 min read Last Updated : Aug 14 2024 | 11:30 PM IST Investments in gold exchange-traded funds (ETFs) rose to Rs 1,337.4 crore in July 2024, the highest since February 2020. After experiencing an outflow of Rs 395.7 crore in April, gold ETFs saw inflows of Rs 2,890.9 crore between May and July.
This is the story of Mexico City’s first policewoman. The announcement for the formation is an ingenious idea from the President’s PR guy: If we have women police officers, then women will find it easier to ask for help. The motley bunch that joins up for training are so different you’ll wonder how they will
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