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Showing 1 - 10 of 239 results for "Americans"

Bitcoin ETFs given green light by US regulator

ANDREW MCKEAN  |  THURSDAY, 11 JAN 2024
... listed products has made it challenging for wealth managers to allocate funds to crypto. However, with the SEC approval, Americans can now access a spot Bitcoin ETF legally and compliantly, rather than through futures, cash-settled products, or trading ...

US Federal Reserve hikes interest rates

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
... ongoing commitment to slaying high inflation. Federal Reserve chair Jerome Powell emphasised the difficulties faced by Americans due to high inflation and reinforced the central bank's determination to reduce inflation to the 2% target. "I understand ...

California to mandate personal finance studies

KARREN VERGARA  |  TUESDAY, 21 FEB 2023
... development with NGPF will earn a US$500 stipend. A 2016 survey by the Bank of America found that just 31% of young Americans aged between 18 to 26 believed that their high school education did a good job of providing healthy financial habits. Vermont-based ...

Strengths and weaknesses in DC systems: Comparison

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
... Pilger said. "On the Australian side, its greatest asset is its comprehensive coverage of the workforce through mandates. Americans don't seem to like mandates, which has resulted in a lingering coverage deficit." Australia's superannuation guarantee ...

The future of defined contribution asset allocation

ANDREW MCKEAN  |  MONDAY, 7 NOV 2022
... wide-ranging inquiry than US counterparts. "Superannuation investment strategists are asking fundamental questions that the Americans don't seem to be asking," Mitchem said. "For example, why develop a 60/40 portfolio at all when workplace savings ...

Stock exchanges, industry pay tribute to Queen Elizabeth II

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  FRIDAY, 9 SEP 2022
... passing of a unique person." State Street chair and chief executive Ronald O'Hanley said: "It is often remarked how Americans rebelled against the British Crown yet are inveterate admirers of British royalty. I believe this paradox is explained by ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... improvements in labour market conditions, including for workers on the lower ends of wage distribution as well as for African Americans and Hispanics. Subsequently, according to Powell, the continued strength of the labour market suggests that underlying ...

Joining the 1% around the world: Analysis

ELIZABETH MCARTHUR  |  MONDAY, 25 OCT 2021
... the $850,000 that would put them among the wealthiest 1% in the country. In the United States, it would take working Americans with a net national income of $55,419 roughly 79 years and five months to meet the required wealth of $4.4 million to reach ...

Aussie investors optimistic about returns

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... years, despite 61% stating that they will need to work longer to do this. Conversely, a separate study in the US found Americans are more pessimistic about financial security in retirement as over one third will have to delay retiring as a result of ...

Pandemic delays retirement plans

KARREN VERGARA  |  THURSDAY, 24 JUN 2021
The coronavirus pandemic is forcing over one third of Americans to delay their retirement while a larger cohort are turning to part-time work to supplement their nest egg, a new survey finds. Those intending to retire over the next five years are putting ...
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