Finance

Futures edge higher as investors weigh Middle East tensions; inflation data in focus

July 20 (Reuters) - Futures tracking Canada's blue-chip stocks edged higher on Monday, steadying after recent jitters in the tech sector, while escalating U.S.-Iran tensions and a domestic inflation report later in the day kept investors cautious. September contracts tracking the resources-heavy S&P/TSX Composite Index were up 0.3% at 7:55 a.m. ET. Here are some details: • The main stock index

10 signs someone's from old money & 10 signs they're from new money

The old money versus new money debates have always stirred up strong opinions. These labels started showing up in the late 19th century, when huge industrial fortunes started changing American cities and shaking up old social circles. They weren’t neutral labels, either, since established families often used them to decide who belonged and who didn’t. You can’t tell someone’s background from their clothes, accent, or dinner manners, even if people have tried for years. These 20 signs show how old money and new money have traditionally been understood.

US cities with the highest median income in 2026

Where you live heavily dictates your earning potential in today's shifting economy. Using figures drawn from Census American Community Survey (ACS) data nowcasted to March 2026, the national US median household income is US$85,828. However, a select group of metros blows past this benchmark, driven by booming specialized industries, high corporate density, and a concentration of highly skilled talent. Click on to explore the 30 highest-earning cities across the US.

Why we pay into Social Security

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Andy Burnham to remove VAT from domestic electricity bills from October 1

Prime Minister Andy Burnham has announced a fresh tax cut to remove VAT from domestic electricity bills from October 1.

Hazel plans to take CPP and OAS but is worried about having enough in retirement. Does buying an annuity make sense?

Q. I’m a 62-year-old divorced human resource manager and earned $120,000 a year before I retired last year. I have been living off a small $85,000 inheritance. I’m a bit worried as I have no company pension so I will need to start drawing down my investment portfolio later this year and I am concerned that I won’t have enough money. I know I can return to work if I have to but I don’t really want to. Will my money last my lifetime?

New problem for Putin's war-time economy: Cash

Most people today rarely carry paper money, relying instead on the swift tap of a card or smartphone. But when the digital networks keeping modern society moving begin to falter, old habits return. Fast. A sudden shift in consumer behavior can quickly reveal just how fragile modern conveniences really are. Going old school Shoppers across Russia ar...

S&P 500, Nasdaq rise with chips boost; Iran and megacap earnings in focus

By Sinéad Carew and Ragini Mathur July 20 (Reuters) - The S&P 500 and Nasdaq rose on Monday as chip stocks recovered some of their prior-week losses and investors looked for moves toward Middle East de-escalation while they waited for earnings reports due from major technology companies later in the week. Yemen's Iran-aligned Houthis said on Monday that they were imposing a naval blockade on

He earns $100K annually but still can’t get ahead — and he’s $65K in debt. What The Ramsey Show hosts say will fix the problem

A six-figure income didn't stop this caller from drowning in debt. Here's what the Ramsey Show says to do about it

M&A in financials: Is PayPal's 100% upside just the beginning? What comes next for Allianz, Commerzbank, RE Royalties, and Munich Re?

Allianz and Munich Re: Two Powerhouses from Bavaria It is not just the ESG programs that are impressing shareholders of Allianz and Munich Re, the internationally better-known name for Münchener Rück, but also the core insurance and investment businesses. Both companies narrowly met their expectations in their core business areas in 2026, with Alli...

Swiss banking giant Julius Baer sees profit soar in first half of 2026

Swiss private banking and wealth management group Julius Baer on Tuesday reported record earnings for the first half of 2026, driven by all-time high assets under management, higher fee and trading income, and significantly lower credit losses. Profit before taxes increased to 813.6 million francs ($1 billion) from 370.2 million francs a year earli...

How to build a modern emergency fund when everything costs more

Your emergency fund called. It wants a glow-up.

Fifth Third reports rise in quarterly profit on higher interest income

(Corrects to fix dateline, no change to text) July 17 (Reuters) - Fifth Third Bancorp reported a rise in second-quarter profit on Friday, helped by higher net interest income and fee growth in capital markets and wealth management businesses. Regional lenders have benefited from stabilizing funding costs and resilient client activity, while capital markets and wealth management businesses have

Garry Marr: SpaceX employee millionaires bet big and won but what about the losers?

Space Exploration Technologies Corp.’s initial public offering last month created 4,400 instant millionaires; it was the bet of a lifetime for some employees of the American spaceflight, telecommunications and artificial intelligence company, which soared to a US$2.64-trillion market cap.

How I manage my money: University worker, on £2,700 a month, with 40-year mortgage

Bryony Clarke is not worried about her student loan of £74,000 as she treats it more like a graduate tax

I spent $20 on every viral little luxury — here's what's a scam and what's not

I tracked down and paid full price for every viral "little luxury" blowing up your feed — the $20 celebrity smoothie, the bougie avocado toast, the $10 matcha dessert. Some earned their hype, most didn't. If you're wondering whether these trends are worth your paycheck, this is the honest breakdown.

Old Age Security payments for July are bigger and here's when you can get more money

The maximum amount is close to $830!

Should I stagger taking my pension lump sum – or use it all at once?

A reader is approaching retirement and sizing up their options for what comes next

How to talk about money with your kids

NEW YORK (AP) — At the grocery store, Jamie Corum sets a two-minute timer for her 10-year-old daughter to look around. Then she resets it to 10 minutes so her daughter can choose one thing to buy, making sure she considers her budget and how much tax she'll have to pay.

Gifting can cut inheritance tax bills – but here’s why families are worried

More parents are helping their adult children stabilise their financial futures

Moneysupermarket launches low-cost investment platform offering access to Vanguard funds

The price comparison website is launching its own investing platform aimed at beginners. But how does it compare with the large range of options already available?

How to build a profitable laser business with these insider tips

DIYer and woodworker April Wilkerson breaks down the essential budgeting and money management strategies you need to scale your custom fabrication venture successfully.

5 retirement mistakes Canadians make in the planning stages they can’t undo later — and how to avoid them

The opening chapter of retirement can make — or break — your financial future

@ the Bell: Tech weighs on markets, oil rises

Canadian equities retreated on Friday, pressured by a global selloff in semiconductor stocks that dampened investor confidence. Energy markets, however, remained supported as tensions between the US and Iran intensified, raising concerns about the security of oil shipments through Iran’s Strait of Hormuz. Technology stocks faced renewed pressure, s...

The real retirement number isn’t 65. It’s 85. Here’s why your nest egg needs to stretch further than you think

How successful millionaires build their fortunes

Have you ever wondered how millionaires manage to build and maintain their wealth? Oftentimes in the media, millionaires are shown living lavishly and blowing money on random, expensive gifts for themselves and others. Rarely are their true secrets of success shared. According to Reader’s Digest and Medium, there are over two dozen secrets and strategies that set millionaires apart from every other average Joe (or Jane). Get ready to uncover the insider knowledge that could potentially transform your finances. Click through now to uncover the secrets of millionaires!

Discover how much the average person earns in 21 major countries

We take a look at the average annual salaries in 21 different nations around the world. How does your salary compare?

IG reduces FX fee on overseas shares to 0.49% - but can you make it even cheaper?

IG has reduced its foreign exchange fee until September, but even with the discount you can slash this charge further with other platforms. Here's how.

Rising inflation forces Americans to cut spending and take extra work

US inflation eased in June after reaching 4.2 percent in May, when energy costs drove much of the increase. The annual rate stood at 3.5 percent in June, according to the Bureau of Labor Statistics, writes NBC. Inflation-adjusted hourly earnings were almost unchanged from a year earlier. Interviews conducted by NPR show how the earlier surge affect...

12 simple habits to keep more money in your pocket

A few simple moves are all it takes to save hundreds—even thousands—of dollars a year.

The US printed more money than ever - and economists are worried

From Weimar Germany and Zimbabwe to Venezuela and Hungary, history's worst hyperinflation crises followed a familiar pattern: collapsing production, massive money printing, and soaring government debt. But after the COVID-19 pandemic, the United States also expanded its money supply at an unprecedented pace, raising questions about whether the world's largest economy could face a similar fate. This video explores how hyperinflation works, why reserve currency status makes the U.S. different from previous examples, what separates normal inflation from an economic collapse, and how investors have historically tried to protect themselves against rapidly depreciating currencies.

Supporting grocery costs through acts of kindness

Helping with grocery expenses can ease everyday financial pressures and encourage a sense of community support. Small gestures of generosity can make a meaningful difference. #CommunitySupport #Kindness #HelpingOthers #PositiveChange

This is why you can't afford a home - the economic shift changing everything

Stock markets, real estate, and other assets continue reaching new highs despite inflation, wars, and economic uncertainty. This analysis explores the powerful forces keeping prices elevated, from central bank policies to global investment trends and expanding liquidity. While many continue predicting a collapse, the evidence points to a far more complicated reality. Understanding what's driving these markets could be the key to protecting your wealth in the years ahead.

Netflix sees second-quarter profit and revenue rise

Membership growth, pricing actions and rising advertising revenue boosted earnings and revenue in the second quarter for US streaming service Netflix, the company reported on Thursday. Second-quarter net income increased to $3.40 billion or $0.80 per share, from $3.13 billion or $0.72 per share a year ago. Revenue rose 13% to $12.56 billion from $1...

Why the world is so crazy about gold

From its ancient origins to the significance it holds in society today, discover the global history and glittering tale of this prized precious metal.

In the Israeli-occupied West Bank, too much cash is breaking the economy

RAMALLAH, West Bank (AP) — Picture this: A gas station customer pulls out a wad of bills to pay for a fill-up. The cashier refuses the money, explaining that the station's bank has stopped accepting notes and coins as deposits because it already is drowning in cash.

Canadian dollar pulls back from one-month high as inflation cools

By Fergal Smith TORONTO, July 20 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Monday as domestic data showed inflation easing, reducing expectations for Bank of Canada interest rate hikes this year. The loonie was trading 0.3% lower at 1.4060 per U.S. dollar, or 71.12 U.S. cents, pulling back from its strongest intraday level since June 17 at 1.4001. Canada's annual

Nationwide and Barclays hike mortgage rates in further damage to the housing market

Mortgage rate hikes, following an escalation in the conflict between Iran and the US, could 'sap' energy from buyers experts say

Is a mansion tax for properties 'worth' £1.5m or more fair? This is Money podcast

Twice as many households could be forced to pay a new 'mansion tax' latest speculation suggests.

How halal money opens doors to new cultures

This video explores the concept of halal money within the Muslim community. It discusses the importance of earning income that adheres to Islamic principles, as well as the implications of halal financial practices on personal and community levels. The video covers various aspects of halal income and its significance in maintaining ethical and moral standards in business. #HalalMoney #IslamicFinance #EthicalFinance

Domino's holds annual sales forecasts as value-seeking diners pressure growth

By Anuja Bharat Mistry and Shania S Thomas July 20 (Reuters) - Dominos Pizza on Monday maintained its annual sales forecasts, but said a challenging macroeconomic environment continued to weigh on consumers and heighten competition. The company's shares were up about 2% at $328.34 in afternoon trading, paring earlier gains of nearly 7% in premarket trading after Domino's posted quarterly revenue

Chipmakers head for big profit gains, but will it be enough?

By Caroline Valetkevitch NEW YORK, July 20 (Reuters) - Chipmakers are in focus on Wall Street, with their shares turning mercurial this month and investors banking on a few dozen newly valuable companies to deliver nearly half of S&P 500 profit growth for the second quarter. The PHLX Semiconductor index has surged this year, reflecting massive gains at firms such as Micron Technology, Advanced

The evolution of fintech and the future of digital payments

The digital revolution of financial technology has revolutionized payments, money management, and access to financial services … The Evolution of FinTech and the Future of Digital PaymentsRead more

He was offered $45 million to betray his country - he said no

A single meeting. A $45 million bribe. One decision that helped expose one of the biggest political corruption scandals in modern history. Discover how corruption spreads through governments, why it can devastate entire nations, and what citizens can do to stop it. From South Africa to Denmark, this story reveals the real cost of corruption—and the people willing to risk everything to fight it.

BlackRock tops $15tn: Where does the world's largest asset manager put it all?

BlackRock has become the first asset manager to oversee more than $15 trillion (€13tn), nearly three times the nominal annual output of Germany, the EU’s largest economy. Here is how the money is spread. View on euronews

Canada's next bank might be a fintech: What KOHO's $130M raise means for your money (and the Canadian banking industry)

KOHO is now "late in the final stages" of securing a federal banking licence — a shift that could change how millions of Canadians bank, borrow and protect their deposits

Understanding wealth vs. income

This video explores the critical differences between wealth and income, focusing on taxation, mobility, and the impact on society. Learn why understanding these concepts is essential for discussions about economic inequality.

Money vs hand press ASMR

A satisfying hand press comparison with a money mindset vibe, built for ASMR fans who enjoy clean, simple, hands-on visuals.

Truist's quarterly profit rises on strength in investment banking and trading

July 17 (Reuters) - Truist Financial reported a higher quarterly profit on Friday, as a rebound in capital markets activity helped boost earnings from investment banking, while volatility fueled trading desks. Across the industry, banks have reaped gains from a revival in dealmaking that has bolstered lucrative advisory fees, while heightened market volatility has fueled client activity across

Bank of Canada governor Tiff Macklem warns 'consecutive' rate hikes are possible — what that means for Canadian mortgage holders

BoC held its overnight rate at 2.25% in June, but issued an explicit warning that oil-driven inflation could force rate hikes. Here's how to think about your debt ahead of potential higher rates.