Category: Economy

After reporting sharp decreases in U.S. existing home sales over the past several months, the National Association of Realtors released a report on Wednesday showing existing home sales edged down by much less than expected in the month of August. NAR said existing home sales declined for the seventh consecutive month but dipped by a […]

PZ Cussons Plc (PZC.L), a British maker of personal healthcare products, reported Thursday that fiscal 2022 profit before tax declined 8.7 percent to 65.3 million pounds from last year’s 71.5 million pounds. Basic earnings per share, however, grew 19.1 percent to 12.02 pence from prior year’s 10.09 pence. Adjusted profit before tax was 66.6 million […]

Queen Elizabeth II’s image is ubiquitous. Her face is on British money — the blue 5-pound notes, the bronze 1-pound coin. It’s on post boxes and stamps. The royal arms is on condiment jars and jackets. Since her death this month, Elizabeth’s face has been all over nonstop news coverage. But before long, the visage […]

The unemployment rate in August was near a four decade low at 3.7%. It is, at this point in time, the culmination of one of the most profound, rapid changes in the job rates in recent memory. Prior to the pandemic, in February 2020, the rate was 3.5%. That rose to 14.7% in April last […]

My husband and I are in our mid-50s. We have in our self-managed superannuation fund (SMSF) invested in an apartment worth $550,000, with a mortgage of $190,000, a share portfolio of $240,000 and some cash in a savings account. We’re self-employed in retail and intend to be out of the business in two years, after […]

Australia’s economy is expected to avoid recession in the coming year even as its top trading partner, China, slows sharply on COVID-19 restrictions and rapid US policy tightening raises risks of a downturn there. Soaring export prices and a weaker currency are bringing Australia a cash windfall at a time when other developed economies are […]

Shares of THG Plc (THG.L) were losing around 16 percent in the early morning trading in London after the e-commerce retailer on Thursday trimmed fiscal 2022 outlook after reporting wider loss in its first half. The first-half loss before tax was 108.19 million pounds, wider than last year’s loss of 81.34 million pounds. Loss per […]

Did you know that more than 6.6 million Australians, or about one-third of our adult population, own shares or other listed investments? This is a huge increase from just a few decades ago, helped along by new tech and, partially, the COVID-19 pandemic, which resulted in a number of cashed-up individuals stuck at home with […]

The UK unemployment rate hit a 48-year low in the three months ended July largely due to a decline in the workforce size, data published by the Office for National Statistics showed Tuesday. The unemployment rate fell to 3.6 percent in three months to July, which was the lowest since May to July 1974. The […]

Despite a heavily regulated finance sector, there are plenty of ways that fund managers can manipulate information to potentially mislead investors. It can include stating their risky investments are “just like having the money in the bank”, selecting start and end dates to show performance in the best light, or reporting returns with only some […]