Nokia Expects Improvement in Second Half After Taking Hit From Weak Dollar
Ahead of Thursday's report, the Finnish telecom-equipment provider prereleased second-quarter results that missed expectations, and cut full-year guidance as a 230 million-euro ($270.8 million) currency impact and a 50 million to 80 million-euro hit from tariffs weighed on profit.
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US and EU agree trade deal - with bloc facing 15% tariffs on goods into America
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'Wealth Does Not Stop. Rich Stops.' -- Grant Cardone Explains How To Build Multi-Generational Wealth
A high salary does not guarantee that you will build multi-generational wealth for your children. What you do with your money can build wealth, and that's a key lesson Grant Cardone shared in a recent video. "Wealth does not stop. Rich stops," Cardone explained. Here's how you can use this insight to approach your finances differently and set the stage for multi-generational wealth. Don't Miss: 7,000+ investors have joined Timeplast's mission to eliminate microplastics—now it's your turn to $100k+ in investable assets? – no cost, no obligation. Your Wealth Can Outlive You Cardone started the clip by mentioning that Walmart (NYSE:WMT) founder Sam Walton still has five children who are on the billionaires list. His children are still on that list because Walton built the largest global retailer. Walmart continues to generate positive cash flow for its heirs. While Walton doesn't earn any additional income, his assets have outlived him. Those assets continue to provide wealth for his children. You can start a business and then hand it off to your children in the future. That's building wealth. You can also make a six-figure salary, but that salary vanishes the moment you pass away or can no longer fulfill the job's responsibilities due to age or another factor. It's also possible to get laid off from your job, while you have more control over your financial destiny if you start a business. Trending: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — Your Wealth Gets Split Up After Death Cardone also mentioned that your wealth will get taxed and split up after you pass away. If you built your fortune on a rich salary with no assets, your children may not see a lot of it. Estate taxes and local taxes can also come into play, further reducing the inheritance you provide for your children. That's why starting a business is valuable. The cash flow continues to arrive, and your heirs can improve the business to boost its profits. If you don't start a business, you can also invest in assets like stock and real estate that generate income. It's better to be reminded of how your money will be taxed and split up when you pass your inheritance on to your heirs. It can give you the extra motivation to invest in passive assets and start a company that your children can A Brand Cardone wraps up the video clip by explaining that he's building a brand. He believes people will continue to talk about him for 50 years after he passes away. That type of brand will give his children more options. They can expand his work and continue to generate income from the company that he continues to build. It's easier to build a brand than ever before. You don't have to invest in supplies, retail locations, or any high-budget items. You can get started by creating a website, offering services that you can scale, producing content, and interacting with people on social media. Those efforts won't guarantee that you build a successful brand. However, if you are strategic about your core services, how you will identify your target customers, what marketing channels you use, and how you guide people along the customer journey, it's possible to develop a successful brand. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? WALMART (WMT): Free Stock Analysis Report This article 'Wealth Does Not Stop. Rich Stops.' -- Grant Cardone Explains How To Build Multi-Generational Wealth originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
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£34.9m Liverpool Transfer Target Rejects Everton
Malick Fofana Transfer Update: Belgian Star Rejects Everton Amid Champions League Ambitions Malick Fofana, one of Belgium's brightest young attacking prospects, appears to be setting his sights far higher than a move to Goodison Park. The 20-year-old had an excellent season for Lyon in Ligue 1, registering 11 goals and five assists, and that form has naturally attracted attention across Europe. While Premier League clubs have been circling, the former KAA Gent academy talent seems in no rush to make a decision based on who knocks first. Everton were the first to act decisively, with reports from Fabrizio Romano confirming the Toffees are 'in advanced talks' with Lyon, offering a package worth around €36 million including bonuses. Lyon, however, are holding out for a guaranteed €40 million. But according to respected Belgian journalist Sacha Tavolieri, 'Malick Fofana has other plans than joining Everton Football Club. As told yesterday, the Belgian Red Devil knows some teams playing Champions League that are waiting to make room in the squad are interested in him.' Champions League Clubs Hold the Key Fofana's ambitions are clear: he wants a club playing at the highest level of European football. Despite Everton's determination and financial push, it's a sporting project Fofana is prioritising. Liverpool had reportedly opened talks with the player's representatives earlier this month, as reported by Le'Equipe. The Reds are known to be in the market for attacking reinforcements this summer, following the sale of Luis Diaz to Bayern Munich for £65.5 million. The interest in Fofana appears to be genuine, even if not yet advanced. Other suitors reportedly include Bayern themselves and clubs from Italy and Spain, all watching the situation develop as they balance their current squads and financial restrictions. Not Just About Money Fofana has also turned down Nottingham Forest, signalling that his next destination must match his trajectory and aspirations. His intent is not merely a move to the Premier League but a step towards elite competition. While Lyon are open to selling, they won't accept anything below their valuation. It's a deal that will require the right mix of finances, sporting prestige and vision. Liverpool's Interest Still Active Liverpool's scouting network has been diligent this summer, with Arne Slot aiming to build on last season's title-winning success. Fofana fits the age profile and stylistic mould Liverpool have often pursued in recent windows. His acceleration, directness and sharp end product would certainly add depth to Slot's frontline. However, patience will be crucial. Clubs in the Champions League are still adjusting their squads, and the real movement could come once a domino falls. If Liverpool decide to accelerate their interest, they may still be able to position themselves favourably. But as it stands, no agreement is imminent. Our View – Anfield Index Analysis Fofana's stance is actually reassuring. This is a player who knows what he wants. Turning down Premier League clubs like Everton and Forest because they don't offer Champions League football suggests he's focused on legacy, not just wages. With Luis Diaz now officially a Bayern Munich player, there's a clear need to fill that void. Fofana, with his ability to operate on either flank, sharp movement and age profile, fits what Arne Slot might be looking for. But given Slot's reputation for tactical cohesion and discipline, it will be interesting to see if Liverpool push for a player who is still relatively raw at 20, even if the ceiling is sky high. Slot's Premier League title win in his debut campaign gives him both credit in the bank and a foundation to attract top talent. If Fofana truly wants to play Champions League football and develop under a progressive manager, Liverpool ticks every box. However, it's worth remembering that the tragic loss of Diogo Jota this summer has created both an emotional and tactical gap. The club may prioritise someone with a bit more experience to step into that role immediately. Fofana feels like a longer-term project, albeit one with immense potential. If Liverpool are in the race, it won't be to simply make up numbers. Keep an eye on this one.
