The American dream of homeownership is increasingly tied to inherited wealth, as a record number of first-time buyers rely on inheritances to navigate a historically challenging housing market. Skyrocketing prices, substantial down payments, and an aging buyer pool paint a picture of a market accessible primarily to the affluent, leaving…

Global brokerage CLSA has made a significant pivot in its investment strategy, moving back to Indian equities while reducing exposure to China. . The reversal marks a significant move for CLSA, which initially increased its allocation to Chinese equities in October 2024 while trimming its overweight position in India from…

Gold prices were flat on Thursday, but were on course for its worst weekly performance since 2021. Hot US inflation and dovish signals from the Federal Reserve cast doubts over further interest rate cuts in December. Among industrial metals, copper prices were in the green on Friday, but were headed…

China is set to strengthen its position in Latin America with the official opening of the first phase of the Chancay port project, located 70 kilometers north of Lima. This $3.4 billion venture, spearheaded by China’s state-owned Cosco Shipping Company, is poised to become a vital logistics hub in the…

A prolonged weakness in gold prices seems unlikely with long-term fundamentals remaining in favour of the yellow metal. Even as gold prices on COMEX have dropped 7% so far in November, experts believe the possibility of more interest rate cuts and higher inflation could boost demand for the precious metal. …

Indonesia’s middle class, once a symbol of the nation’s economic resilience, has suffered a severe contraction since 2019. According to the Central Bureau of Statistics, nearly 10 million people have slipped out of this income group, reducing their numbers from 57.3 million in 2019 to 47.8 million in 2023. At…

Millennials are reshaping the narrative around midlife crises as financial realities and evolving values redefine what this pivotal life stage looks like. Born between 1981 and 1996, millennials face unique challenges compared to previous generations. A combination of stagnant wages, mounting student loan debt, rising living costs, and delayed life…

Ben & Jerry’s, the iconic ice cream brand known for its social activism, filed a lawsuit on Wednesday against its parent company, Unilever, accusing the consumer goods giant of censorship and threats. The lawsuit claims Unilever attempted to dismantle Ben & Jerry’s independent board to silence its support for Palestinian…