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Learn more about Musk's displeasure with Apple below.
https://www.tahawultech.com/home-slide/musk-threatens-to-sue-apple-over-xai-app-store-ranking/
#xAI #Apple #tahawultech
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UAE Moments
3 hours ago
- UAE Moments
The Powerhouse of Investment
Stop Telling People to 'Just Save More Money' – Here's the Real Hot Take We've all heard it. The go-to, seemingly universal financial advice: 'Just save more money.' It sounds simple, responsible, and… frankly, a little lazy. While the intention is good, this oversimplified mantra often overlooks a crucial point and can even lead people to financial disappointment in the long run. My hot take? Your savings rate is only half the battle. The real game-changer is your investment strategy. Think about it. You diligently squirrel away every extra dollar, proud of your growing savings account balance. But what's that money doing? In today's economic climate, with inflation stubbornly eroding purchasing power, simply hoarding cash can be a surprisingly ineffective strategy. That dollar you diligently saved last year buys less this year. It's a silent erosion of your financial future. The Myth of the Mattress (and Low-Yield Savings) Stashing cash under your mattress (or in a low-interest savings account that barely keeps pace with inflation) is akin to treading water while the current pulls you backward. Your nominal balance might increase, but its real value – what it can buy – diminishes over time. Inflation is the silent thief of your savings. The Powerhouse of Investment This is where the often-overlooked 'I-word' comes in: investing. A well-crafted investment strategy, tailored to your risk tolerance and time horizon, offers the potential to outpace inflation and grow your wealth exponentially through the magic of compounding. Beating the Inflation Beast: Investing in a diversified portfolio of assets like stocks, bonds, and even real estate provides the opportunity for your money to grow at a rate that historically surpasses inflation. This is how you truly build and preserve wealth. Compounding: The Eighth Wonder: Albert Einstein supposedly called compound interest the 'eighth wonder of the world.' When your investments generate returns, and those returns are reinvested, they start earning their own returns. Over time, this snowball effect can dwarf the impact of simply saving more. Strategic Risk vs. Stagnant Safety: Yes, investing involves risk. But staying entirely in cash also carries a significant risk – the certainty of losing purchasing power to inflation. A thoughtful investment approach involves understanding and managing risk, not avoiding it altogether. It's Not Just How Much You Save, But Where You Grow So, the next time someone tells you to 'just save more money,' gently push back. Explain that while saving is fundamental, it's the strategic allocation of those savings into appreciating assets that truly builds long-term financial security. Here's the real advice: Establish a Budget: Know where your money is going. Save Consistently: Make saving a non-negotiable part of your financial routine. Educate Yourself on Investing: Understand different asset classes and investment strategies. Develop an Investment Plan: Tailor it to your goals, time horizon, and risk tolerance. Start Investing Early (Even Small Amounts): Time in the market beats timing the market. Review and Adjust: Your financial situation and goals will evolve, so your investment plan should too. Let's shift the conversation from the simplistic 'save more' to the more empowering and effective 'invest strategically.' Your future self will thank you.
Crypto Insight
8 hours ago
- Crypto Insight
US Fed to end oversight program for banks' crypto activities
The Federal Reserve Board said that it would end a 'novel activities supervision program' set up in 2023 to supervise certain activities related to crypto assets and distributed ledger technology. In a Friday notice, the Fed said it will sunset the program created in August 2023 and return to 'monitoring banks' novel activities through the normal supervisory process.' The 2023 program said it would be 'risk-focused' and include supervision of banks providing 'deposits, payments, and lending to crypto-asset-related entities and fintechs.' 'Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices,' said the Fed. 'As a result, the Board is integrating that knowledge and the supervision of those activities back into the standard supervisory process and is rescinding its 2023 supervisory letter creating the program.' Though not necessarily suggesting a scaleback in oversight of banks dealing with crypto companies, US government agencies have taken a softer approach to regulating and handling digital assets under the Trump administration. Since January, the Securities and Exchange Commission has dropped several investigations and enforcement actions into crypto companies, and statements from leadership at the Treasury suggested the department would fall in line with the White House's policy setting up a national crypto reserve. Leadership at the Fed becoming a political issue US President Donald Trump has been publicly challenging the Fed's independence in determining federal interest rates, often personally criticizing Chair Jerome Powell, whom he nominated in 2017. Powell's term as chair is expected to end in May 2026, while his term as a Fed governor won't end until January 2028. Adriana Kugler, a member of the Fed's board of governors and the Federal Open Market Committee, resigned from her position on Aug. 8. Trump nominated Council of Economic Advisors Chair Stephen Miran to fill Kugler's role until January, when he is expected to pick a permanent replacement. Source:
Khaleej Times
9 hours ago
- Khaleej Times
Trump to 'think about' tariffs on Russian oil buyers in 'two or three weeks'
US President Donald Trump said on Friday he will not have to think of retaliatory tariffs on countries buying Russian oil right now but may have to "in two or three weeks." Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves are made to end the war in Ukraine. China and India are the top two buyers of Russian oil. The president last week imposed an additional 25 per cent tariff on Indian goods, citing its continued imports of Russian oil. However, Trump has not taken similar action against China. He was asked by Fox News' Sean Hannity if he was now considering such action against Beijing after he and Russian President Vladimir Putin failed to produce an agreement to resolve or pause Moscow's war in Ukraine. "Well, because of what happened today, I think I don't have to think about that," Trump told Fox News' Sean Hannity after meeting with Russian President Vladimir Putin in Alaska. "Now, I may have to think about it in two weeks or three weeks or something, but we don't have to think about that right now. I think, you know, the meeting went very well." Chinese President Xi Jinping's slowing economy will suffer if Trump follows through on a promise to ramp up Russia-related sanctions and tariffs.
