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Monthly Archives: August 2023

How to manage an inheritance

The so-called “great wealth transfer” is already underway, with over $68 trillion set to be passed down by baby boomers to their children. Yet, while millions of Americans expect to receive an inheritance in the coming decade, 58% of those adults do not feel comfortable handling the new wealth, according …

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Why a high income can’t replace excellent credit

You might think making a lot of money can automatically grant you access to the best interest rates on things like mortgages, credit cards, auto loans and more. But that’s not true. When it comes to borrowing money, “credit score is usually king,” J.R. George, senior vice president at Trustco …

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‘Gold mine’ phishing scams rob Main Street on social media like Meta

With so much of daily life happening over social media, it’s not surprising that small businesses are relying more and more on Instagram, Facebook and other platforms to spread the word about their business and sell products. But there is one big catch: small business owners are at a big …

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How to recover financially after a natural disaster

Hawaiians are still reeling from the deadliest U.S. fire in over a century. The extent of the losses in life and property in Maui are still unknown. Early estimates from the Pacific Disaster Center and the Federal Emergency Management Agency report that more than 2,200 structures have been damaged or destroyed, …

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Singapore among world’s first to agree stablecoin crypto regulation

Stablecoin Tether and Circle’s USDC dominate the market. Justin Tallis | Afp | Getty Images Singapore’s financial regulator on Tuesday said it had finalized rules for a type of digital currency called stablecoin, putting it among the first jurisdictions globally to do so. Stablecoins are a type of digital currency …

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New variant spreads across world, here’s what we know so far

An illustrative image of a person holding a medical syringe and a vaccine vial in front of the Pfizer logo displayed on a screen. Nurphoto | Nurphoto | Getty Images The World Health Organization is monitoring a new strain of Covid-19 called EG.5, or “Eris,” that accounts for a growing …

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China is grappling with a ‘confidence crisis’, says economist

China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first half performance of the world’s second-largest economy. Str | Afp | Getty Images China’s central bank unexpectedly cut rates on …

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How does China see Russia and the relationship they have?

Chinese President Xi Jinping and Russian leader Vladimir Putin in 2022. Alexei Druzhinin | AFP | Getty Images China’s relationship with Russia has deepened in recent years with both countries sharing a similar aim in challenging and dismantling what they see as the West’s — or, for them, the U.S.’ …

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VinFast completes SPAC merger, set to start trading on Nasdaq

CHATHAM COUNTY, NORTH CAROLINA – July 28: VinFast CEO Le Thi Thu Thuy speaks as Electric carmaker Vinfast breaks ground in its $4B NC manufacturing plant located within the Triangle Innovation Point on July 28, 2023. Nick Ut | Getty Images News | Getty Images Vietnamese electric vehicle maker VinFast …

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July industrial output, fixed asset, retail data

China’s massive real estate market has struggled after decades of debt-fueled, rapid growth. Bloomberg | Bloomberg | Getty Images BEIJING — China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record …

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