Finance News Update - Page 181

Stay informed with the latest finance news and economic updates. Fresh insights on markets, money trends, and financial events that matter to you.

Read this article

Social Security ends paper checks in September 2025 and moves fully to digital payments

The Social Security Administration (SSA) will discontinue paper benefit checks on September 30, 2025, completing the program’s transition to electronic payments. The move affects every category of Social Security, from retirement and survivors’ benefits to disability and Supplemental Security Income, and is intended to cut administrative expenses while streamlining delivery. Why the change is happening According to […]

Read this article

Ares Management launches Australian unit trust to broaden infrastructure investment

Ares Management Corporation has introduced the Ares Core Infrastructure Fund/AUT, an Australian-domiciled unit trust that extends the company’s infrastructure strategy to wholesale and advised retail investors in Australia. New vehicle mirrors U.S. business development company Announced on August 18, the fund gives local investors access to the Ares Core Infrastructure Fund (ACI), a U.S.-regulated business development […]

Read this article

Mortgage buydown boom backfires as rates stay high and payments soar

Thousands of households who closed on new homes during 2022 and 2023 are discovering that the mortgage “buydowns” that made their purchases possible are now turning into an unexpected financial burden. How buydowns work and why they surged Builders facing slowing sales offered two main incentives to soften the impact of rising borrowing costs. A […]

Read this article

Asian equities diverge as Wall Street extends record run on cooler inflation

Asian stock markets opened Thursday with no clear direction, reflecting a cautious mood after Wall Street notched fresh records on the back of easing U.S. inflation and renewed expectations for Federal Reserve rate cuts. Japan and South Korea edge higher In Tokyo, the benchmark Nikkei 225 advanced 0.23% during early trading, while the broader Topix slipped […]

Read this article

U.S. Treasury Bonds Lose Long-Held Yield Advantage and Taxpayers Face Higher Costs

U.S. Treasury securities are no longer enjoying the yield discount that for decades defined them as the world’s primary safe-haven asset, according to a recent working paper circulated by the National Bureau of Economic Research (NBER). The study finds that the “convenience yield” on Treasurys—an interest-rate benefit investors once accepted in exchange for unparalleled safety, […]

Read this article

Fidelity projects retirees will spend $172,500 on healthcare starting in 2025

Fidelity Investments’ latest Retiree Health Care Cost Estimate indicates that a 65-year-old who leaves the workforce in 2025 should plan on spending an average of $172,500 on medical expenses during retirement. Annual projection rises for the third consecutive year Published annually since 2002, Fidelity’s estimate examines out-of-pocket spending for Medicare premiums, deductibles, co-payments and prescription […]

Read this article

Retiring at 65 with $500,000: What the Numbers Say About Long-Term Security

A 65-year-old approaching retirement with $500,000 in savings can expect that sum to last for decades if withdrawals are managed carefully and supplemental income sources, such as Social Security, are maximized. How a Half-Million-Dollar Portfolio Converts to Annual Income The longstanding 4% rule offers a straightforward benchmark: limit first-year withdrawals to 4% of total savings […]

Read this article

JPMorgan Chase brings digital bank to Germany in 2026

FRANKFURT — JPMorgan Chase confirmed on Thursday that its Chase digital retail bank will debut in Germany during the second quarter of 2026, expanding the U.S. lender’s consumer operations into Europe’s largest economy. Strategic step after British rollout The upcoming launch will make Germany the second European market for Chase, following its entry into the […]

Read this article

BRB studies fresh bid after Brazil’s central bank blocks Banco Master acquisition

State-controlled lender Banco de Brasília (BRB) is preparing a new proposal to buy selected assets from Banco Master after the Brazilian central bank rejected an earlier agreement announced in March, according to a person familiar with the talks. The move comes one day after the regulator’s decision sent BRB’s preferred shares down 5.6 percent, while […]

Read this article

UnitedHealth stock draws record buying as investors bet on Medicare growth

UnitedHealth Group is experiencing a surge in investor demand after a bullish thesis circulated on the Value Investing subreddit outlined multiple catalysts that could boost the health-insurance giant’s long-term valuation. Trading activity signals rising institutional interest The thesis, posted by the user MarketingReasonable4, highlights an unprecedented buying volume of approximately 394 million shares over the […]

Read this article

OpenAI unveils AI jobs platform set to rival LinkedIn

OpenAI has confirmed work on a dedicated employment marketplace that will use generative artificial intelligence to match candidates with employers. The initiative, called the “OpenAI Jobs Platform,” was announced by applications chief executive Fidji Simo and is scheduled to go live by mid-2026. AI-powered matching for businesses of every size According to OpenAI, the forthcoming […]

Read this article

Eric Adams to announce campaign move amid talk of Saudi ambassadorship

New York City Mayor Eric Adams is scheduled to deliver what his team calls an “important campaign announcement” on Friday at 4:30 p.m. ET at Gracie Mansion. The appearance follows reports that advisers to President Donald Trump are exploring the possibility of nominating the mayor to serve as U.S. ambassador to Saudi Arabia, a post […]