Finance

British stock trading app Freetrade reached a significant milestone earlier this year by achieving breakeven status for the first time. This accomplishment comes after the company reported full-year losses in 2023. Freetrade disclosed that it had achieved adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of £100,000 ($124,863) in the first quarter of 2024.
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Investors who are looking to protect themselves against potential weakness in the equity market may benefit from investing in physical gold rather than gold stocks. According to George Milling-Stanley, the chief gold strategist at State Street Global Advisors, owning gold bars can provide an extra level of protection when the equity market experiences a downturn.
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Supercore inflation is a specific prices gauge within the consumer price index data that excludes shelter and rent costs from its services reading, providing a deeper look into underlying prices. Economists use this measure to get a truer trend of inflation, especially amidst a changing economic climate. Fed officials consider it a useful tool as
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New York Community Bank (NYCB) has recently raised the annual percentage yield for its savings account to 5.55%, making it the highest in the country. This move has caught the attention of industry analysts like Ken Tumin, who track rates for DepositAccounts. Tumin suggests that this aggressive rate increase could be a sign that NYCB
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U.S. Treasury Secretary Janet Yellen recently highlighted the importance of future discussions between the U.S. and China regarding Beijing’s need to change its policy on industry and the economy. With plans to underscore the need for a shift in policy, Yellen emphasized the significance of addressing issues that impact global trade and economic stability. This
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