Finance

8 hacks for saving money on your food shop now it's £605 more expensive

Food shops are making significant dents in our bank balances.

Montreal billionaire sex case: Accuser loses bid to freeze Robert Miller's assets

MONTREAL — A Quebec judge has denied a request to freeze the assets of a Montreal billionaire accused of paying underage girls for sex. In a ruling released today, Superior Court Justice Eleni Yiannakis says the applicant failed to prove there is a real risk Robert Miller would disappear or hide his assets if he loses a court case brought against h...

Where to Invest $5,000 in November 2023

When I'm out of ideas, I usually just default to an S&P 500 index fund. The post Where to Invest $5,000 in November 2023 appeared first on The Motley Fool Canada.

Asia FX inches lower, dollar steady before swarm of economic data

Investing.com-- Most Asian currencies weakened slightly on Monday, while the dollar steadied as traders hunkered down before a string of key economic readings due this week. Mixed signals from China weighed on sentiment, as data showed a sustained,...

How to make the most of this London luxury hotspot whatever your budget

You can shop, eat and drink in style and still have money left at the end of the day.

How to prepare your bank account for holidays

Going on vacation doesn’t have to put you in debt! If you plan ahead, you won’t immediately undo all the relaxation of your trip as soon as you touch back down. It’s also really important to invest in your holidays, because you’re simultaneously investing in your own health and happiness. And it's easier than it seems! Click through for 25 simple ways to meet your dream vacation goals.

Money worries create 'inflation isolation' in B.C.

During the pandemic, it was COVID that kept us from seeing friends and family, now, it's money. That's according to a new poll. But as Cassidy Mosconi reports, there is hope for those experiencing inflation isolation.

There's a massive millionaire migration and this is where are they moving

Turned down for a loan, business owners look to family and even crowdsourcing to get money to grow

NEW YORK (AP) — Among the many challenges small businesses face as they try to grow these days, getting a loan is right near the top. Banks big and small have tightened lending standards as the Federal Reserve hiked up interest rates the past two years. The collapse of three regional banks this spring and the possibility of stricter regulations hav...

How Buying Stocks With a Margin of Safety Can Help Ride Out Market's Ups and Downs

It is easy to get carried away and attempt to time a raging bull market But that is the opposite of what a wise investor should do, according to the great Benjamin Graham Ultimately, having a 'margin of safety' while buying stocks is key and...

Bank of Israel warns wartime changes to 2023 budget can harm economy

The Bank of Israel's research department analyzed the proposed amendments to the 2023 budget and warned that some elements of the changes could damage Israel's economic standing.

Finance expert's Q&A on what the Autumn Statement means for you

Branded as a budget for a spring election, today’s Autumn Statement was packed full of 'giveaways' designed to appeal to voters.

Alex Murdaugh sentenced to 27 years for financial fraud after victims angrily confront him in court

For years, South Carolina attorney Alex Murdaugh looked his anguished clients in the eyes and promised to help them with their medical bills, their suffering or simply to survive. Then he stole some, if not all, of what he won for many of them. Those clients got to look Murdaugh in the eye Tuesday and tell him how he had destroyed their trust, as t...

You can pay it forward at this Thorncliffe Park cafe

The Common Ground Cafe is making it easy for customers to give back by offering a pay-it-forward model when buying coffee or a snack.

A Week In Dallas On A $82,400 Salary

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar. Today: a software engineer working in tech who makes $82,400 per year and spends some of her money this week on a ticket to see Priscilla. Occupation: Software engineerIndustry: TechAge: 25Location: Dallas, TXSalary: $82,400Net Worth:...

3 Passive-Income Streams That Will Take You to the Next Level

These passive-income streams do not take a second more of your time. Focus on your day job and look forward to even more cash flowing in. The post 3 Passive-Income Streams That Will Take You to the Next Level appeared first on The Motley Fool Canada.

Passive Income: How to Make $1,000 Per Month Tax-Free

Are you interested in passive income? Here’s how you can make $1,000 per month tax-free! The post Passive Income: How to Make $1,000 Per Month Tax-Free appeared first on The Motley Fool Canada.

Exclusive-Barclays working on $1.25 billion cost plan, could cut up to 2,000 jobs -source

By Sinead Cruise and Lawrence White LONDON (Reuters) - Barclays is working on plans to save as much as 1 billion pounds ($1.25 billion), which could involve cutting as many as 2,000 jobs, mainly in the British bank's back office, a person with direct knowledge of the proposals told Reuters. Managers at Barclays, led by Chief Executive C.S. Venkatakrishnan who is known within the bank as Venkat,

Manchester City announces record financial figures for 2022-23 season

MANCHESTER, England (AP) — Manchester City reported record revenues of 712.8 million pounds ($890 million) for last season in figures released on Wednesday. In its annual report for the 2022-23 season, City also announced record profits of 80.4 million pounds ($100 million) - an increase on the previous year’s total of 41.7 million pounds ($52 mill...

China wealth manager Zhongzhi flags insolvency, $64 billion in liabilities

BEIJING (Reuters) -China's Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to $64 billion in liabilities, threatening to reignite concerns that the country's property debt crisis is spilling over into the broader financial sector. The firm, which has sizable exposure to China's real estate sector, apologised to its investors in a letter that

Martin Lewis warns bank account holders could miss out on £1,000s

Some savings accounts offer up to 8% interest over a year.

A Week In Chicago On A $230,000 Joint Income

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar. Today: A marketing manager working in life sciences who has a $230,000 joint income and spends some of her money this week on pajamas. Occupation: Marketing managerIndustry: Life sciencesAge: 29Location: ChicagoSalary: $130,000 (plus...

Germany's leader vows to fix a spending crisis that's worsening gloom in the struggling economy

FRANKFURT, Germany (AP) — German Chancellor Olaf Scholz on Friday promised quick action to fix a budget crisis after a court decision blew a large hole in the almost-finished plan for next year and threatened to disrupt spending on efforts to fight climate change and cushion the impact of high energy prices caused by Russia's invasion of Ukraine. “...

How to Pay Off Debt and Get Rich in 20 Years

A disciplined approach to paying down debt will stop the bleeding and provide the ability to start investing toward future gains and riches. The post How to Pay Off Debt and Get Rich in 20 Years appeared first on The Motley Fool Canada.

Bucking the Trend: How Savvy Canadians Are Capitalizing on Rising Rates

Here's a unique ETF that can help you earn a nearly risk-free 5% yield right now. The post Bucking the Trend: How Savvy Canadians Are Capitalizing on Rising Rates appeared first on The Motley Fool Canada.

Dollar tumbles on Fed cut bets; hawkish RBNZ boosts kiwi

By Rae Wee SINGAPORE (Reuters) -The U.S. dollar slid across the board to hit a more than three-month low against its major peers on Wednesday, while the New Zealand dollar surged after its central bank suggested that more rate hikes could be in the offing. The kiwi was last 0.78% higher at $0.6184, having surged more than 1% earlier in the session to a four-month high of $0.6207 after the

Germany signals belt-tightening but no tax rises in budget compromise

By Holger Hansen and Christian Kraemer BERLIN (Reuters) - German Finance Minister Christian Lindner signalled the government would need to make savings worth a double digit billion euros to help solve a budget crisis, though data on Friday showed growth shrinking in Europe's largest economy. Lindner plans to lift self-imposed limits on borrowing and present a supplementary budget next week after

Millennial Money: 5 steps to creating financial boundaries during the holidays

Marketing ads, family functions and holiday gift-giving culture can make it feel impossible not to spend, or for some, overspend. According to a 2023 survey from NerdWallet, around half of Americans (52%) incurred credit card debt when shopping for gifts during the holidays last year, and almost a third (31%) of them still haven’t paid it off. Whil...

Dire Straits frontman Mark Knopfler is putting some of his guitars up for auction

LONDON (AP) — Dire Straits frontman Mark Knopfler will sell off a collection of guitars he considers “old friends” at a Christie’s auction in London next year. The musician, whose distinctive finger-picking style drove hits for the British rockers including “Sultans of Swing” and “Money for Nothing,” is putting 120 guitars and amps up for sale in L...

3 Growth Stocks I’d Buy With $3,000

Investors ready to invest $3,000 into stocks could consider shares like Shopify to outshine the broader markets and create wealth. The post 3 Growth Stocks I’d Buy With $3,000 appeared first on The Motley Fool Canada.

I'm a money expert - here's how to still save money if you missed a Black Friday deal

Yes, please!

How to appear rich without breaking the bank

Money comes and goes, but appearing rich can last forever. While you're waiting for the big paychecks to roll into your bank account, what is the harm in presenting an illusion of that lifestyle to others? In fact, it may even open windows to the real deal! Of course, there is more to life than material things, but having nice things is definitely a bonus. Take a look through the gallery, inspired by Self-Made, for some tips on how best to indulge in the facade of wealth.

Scotiabank sees 'marginal' profit growth in 2024 after Q4 miss

By Nivedita Balu and Niket Nishant (Reuters) -Bank of Nova Scotia on Tuesday forecast its earnings will rise "marginally" in 2024, after the Canadian lender missed fourth-quarter profit estimates as a murky economic climate prompted it to set aside more funds to guard against bad loans. Scotiabank kicks off Canadian banks' earning season, wrapping up a financial year marked with economic

Poland set to get more than 5 billion euros in EU money after commission approves recovery plan

BRUSSELS (AP) — Poland is set to receive more than 5 billion euros ($5.5 billion) in EU funds after the European Commission gave a positive assessment Tuesday of the country's revised recovery plan that includes green reforms and investments. The 5.1 billion euros pre-financing is part of the bloc's REPowerEU program aimed at helping the 27 EU nati...

Sterling rises, dollar listless as markets brace for post-Thanksgiving buzz

By Rae Wee SINGAPORE (Reuters) -Sterling rose to an over two-month high against a weakening dollar on Monday, though some risk-aversion capped losses on the greenback as traders eyed fresh economic cues in the week ahead to determine the future path of policy rates. A postponed OPEC+ meeting, data from the Federal Reserve's favoured measure of inflation alongside inflation readings in the euro

US dollar falls against most currencies as rate cut view weighs

By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar slid against most major currencies on Monday, with a measure tracking the greenback's value on track for its biggest monthly drop in a year, weighed down by expectations that the Federal Reserve could start cutting interest rates by the first half of next year. The dollar index, which measures the currency

Save money on your tax bill by planning now

Jamie Golombek , managing director of tax and estate planning at Canadian Imperial Bank of Commerce , talks to the Financial Post’s Larysa Harapyn about the planning you need to do before the end of the year to save money on your 2023 taxes and raise your chances of a refund. Ottawa's fix falls short on housing shortage Rents hit new highs for 6 months in a row How to do your Christmas shopping on a tight budget Listen to Down to Business for...

Investors: How to Pay Off Your Holiday Shopping This Year!

The holidays are here, and there is a way to pay off those presents with passive income from stocks. The post Investors: How to Pay Off Your Holiday Shopping This Year! appeared first on The Motley Fool Canada.

Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds

COLOMBO, Sri Lanka (AP) — Sri Lanka said Wednesday that it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring, a crucial move toward unlocking a second instalment of a $2.9 billion bailout package from the International Monetary Fund. The agreement with the Official Creditor Committee cov...

Japan shares hit three-decade high, yuan shoves dollar down

By Wayne Cole SYDNEY (Reuters) -Japanese shares hit highs not seen since 1990 on Monday as strong earnings and offshore demand fuelled a three-week winning streak, while the yuan was pushed higher by China's central bank leading to broader softness in the dollar. Japan's Nikkei ran into profit-taking at the peak but was still up 8.2% for the month so far with the Topix not far behind. Financial

Asia stocks hold gains as confidence grows on rate outlook

By Selena Li HONG KONG (Reuters) -Asian shares were flat on Thursday with markets holding onto their gains for the week as confidence grows that interest rates globally will head lower next year, while oil prices fell on the prospects for smaller-than-expected output cuts by OPEC+. Investors are also looking to Chinese policymakers for clues on possible support for the long-suffering property

Analysis-Cheap yuan catapults China to second-biggest trade funding currency

By Samuel Shen and Rae Wee SHANGHAI/SINGAPORE (Reuters) - Global companies are making a beeline for China's debt markets, issuing record amounts of yuan-denominated bonds and borrowing heavily from mainland banks, capitalising on rock-bottom yuan interest rates as funding costs elsewhere jump. Companies and banks are raising record amounts of cash through yuan bonds issued in mainland China and

All the money changes coming in December 2023 – from inflation rates to cost of living pay

Here's what you can expect for your finances this Christmas.

Hungary set to receive millions in EU money despite Orban's threats to veto Ukraine aid

BRUSSELS (AP) — Hungary is set to receive 900 million euros ($981 million) in European Union money, the EU's executive arm said Thursday, despite the Hungarian prime minister’s attempts to scupper the bloc’s support for Ukraine. That money comes from the bloc’s REPowerEU program aimed at helping the 27 EU nations recover from the energy crisis that...

Wall Street gets creative as regulators demand more capital

By Shankar Ramakrishnan (Reuters) - Earlier this fall, Morgan Stanley bought $300 million worth of protection against losses on some of its loans from Blackstone Group and other investors, two sources familiar with the matter said. The transaction, details of which have not been previously reported, was effectively insurance, structured as a sale of bonds called credit-linked notes, according to

Corner Brook mill got a lifeline of a loan years ago — but hasn’t made a payment in years

In 2014, the Newfoundland and Labrador government approved a $110-million loan to help save the struggling newsprint mill in Corner Brook. That figure is now $117 million, as interest has accumulated. As Terry Roberts reports, Kruger Inc., the parent company of the Corner Brook Pulp and Paper Ltd., will not comment on why.

Money, data, the truth - you can't trust the Tories with anything

The scale of waste is truly shocking.

Former GOP congressman invites scrutiny by using campaign cash for 'security'

In a terse note responding to the Federal Election Commission, the old campaign committee for former Rep. Peter King (R-NY) said it intends to keep operating even if the congressman has no intention of again running for office. But the FEC also has questions about how it is operating, including thousands in expenses for security, which is allowed f...

Exclusive-China's Alipay to sell its stake in India's Zomato for nearly $400 million -sources

By M. Sriram MUMBAI (Reuters) -Chinese payments group Alipay plans to sell its 3.4% stake in Indian food delivery giant Zomato for nearly $400 million through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44% stake in the deal, the term sheet seen by Reuters showed. Bank of

New crypto front emerges in Israel's militant financing fight

By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) - A new front has emerged in Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron that until recently attracted less scrutiny than Bitcoin. Quicker and cheaper than Bitcoin, the Tron network has overtaken its rival as a platform for crypto transfers associated