Latest news with #Investopedia
Yahoo
3 hours ago
- Business
- Yahoo
Kevin O'Leary Loves Credit Card Companies Because Americans Can't Stop Paying 'Crazy' 23% Interest: Mr Wonderful Has This Suggestion For The Indebted
Well-known investor and Shark Tank star Kevin O'Leary blasted Americans' mounting credit-card balances in a video posted Wednesday, calling it "crazy" to pay interest that now averages more than roughly 23% annually, urging viewers to wipe out their debt before it "bites you." What Happened: The "Shark Tank" star took to all his social media platforms said he personally "owns all the credit-card companies" through market investments because cardholders' double-digit interest payments just keep coming in, making these companies and their investors richer. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — "You should pay off your balance, retire all your debt and start saving ... The key to life is stay out of debt," O'Leary told his followers across Facebook, X, LinkedIn and Instagram. He added that even borrowers in their 30s or 40s can build wealth quickly once interest stops leaking out: "You'd be amazed at the power of compounding interest over even a decade. It's never too late.' What The Numbers Say: The median advertised credit-card APR reached 24.20 percent in May 2025, according to Investopedia data, nearly five points higher than two years prior. Forbes Advisor's broader weekly survey puts the average rate at 28.67%, close to a record high. Meanwhile, the total revolving card debt has climbed to approximately $1.2 trillion, according to Bankrate's April debt report, which cites New York Fed figures. Why It Matters: O'Leary has long portrayed consumer debt as "the silent killer." In February, he told Graham Stephan's podcast, "I don't have any debt. I buy things for cash." Kevin O'Leary isn't the only one sounding the alarm about credit cards. Fellow "Shark Tank" billionaire Mark Cuban told financial guru Dave Ramsey on "The Ramsey Show" last May, "If you use your credit cards, you do not want to be rich," urging people to pay off all balances and then burn the cards. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share! Photo Courtesy: Kathy Hutchins on Send To MSN: Send to MSN 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? This article Kevin O'Leary Loves Credit Card Companies Because Americans Can't Stop Paying 'Crazy' 23% Interest: Mr Wonderful Has This Suggestion For The Indebted originally appeared on Sign in to access your portfolio
Yahoo
15 hours ago
- General
- Yahoo
These Are The 15 Hardest Times In A Marriage According To Older Wives
Marriage is a journey filled with peaks and valleys. While the highs are celebrated, the lows often come unannounced and test the very foundation of a relationship. Older wives, having navigated decades of partnership, offer invaluable insights into the most challenging phases of marital life. Their experiences shed light on the trials that many couples face, emphasizing the importance of resilience, communication, and mutual respect. Here are 15 of the hardest times in a marriage, as shared by seasoned wives who've weathered the storms and emerged stronger. The initial phase of marriage often involves merging two distinct lives into one harmonious unit. Differences in habits, expectations, and communication styles can lead to misunderstandings. According to early marital years require couples to recalibrate their expectations and develop effective communication strategies. This period is crucial for setting the tone for the relationship's future. Embracing patience and open dialogue can ease this transition. It's about understanding and adapting to each other's rhythms. Building a strong foundation during these years paves the way for enduring partnership. Welcoming children introduces joy but also significant strain. Sleep deprivation, differing parenting styles, and reduced couple time can create tension. The shift from partners to parents requires renegotiating roles and responsibilities. Maintaining a connection amidst the chaos is essential. Regular check-ins and shared parenting goals can help. Prioritizing couple time, even in small doses, reinforces the marital bond. Remembering that you're a team is key during this phase. Job changes, unemployment, or financial setbacks can destabilize a marriage. Stress over money often leads to conflicts and blame. As noted by Investopedia, financial strain is a common hurdle that requires joint problem-solving and transparent communication. Aligning on financial goals and budgets becomes imperative. Approaching financial issues as a united front fosters trust. Seeking external advice or counseling can provide objective perspectives. Open discussions about money can strengthen the partnership. The responsibility of supporting elderly parents can be emotionally and physically taxing. Balancing this with marital duties often leads to stress. Decisions about caregiving can cause disagreements. It's a time that tests empathy and patience. Establishing boundaries and seeking external support can alleviate pressure. Open communication about capabilities and limitations is crucial. Remembering to care for the marriage amidst caregiving duties is vital. When children leave home, couples may struggle to redefine their relationship. The absence of shared parenting roles can lead to feelings of emptiness or disconnection. As highlighted by Maplewood Counseling, this transition requires couples to rediscover shared interests and reconnect on a deeper level. It's an opportunity to rekindle the partnership. Engaging in new activities together can reignite the spark. Open conversations about future goals and dreams are beneficial. Embracing this phase as a new chapter can strengthen the bond. Chronic illnesses or health scares can place immense strain on a marriage. Roles may shift, with one partner becoming a caregiver. This dynamic can lead to emotional and physical exhaustion. It's a period that demands compassion and resilience. Seeking support groups or counseling can provide relief. Maintaining open communication about needs and feelings is essential. Prioritizing self-care ensures both partners can navigate this challenge together. Retirement brings significant lifestyle changes that can disrupt marital harmony. Couples may struggle with increased time together and differing expectations. As explained by MarketWatch, planning for retirement should include discussions about daily routines and personal space to prevent friction. Aligning on retirement goals is crucial. Establishing individual hobbies and shared activities can balance time spent together. Regularly revisiting and adjusting retirement plans ensures mutual satisfaction. Open dialogue about expectations can ease this transition. Over time, physical and emotional intimacy may wane. Busy schedules, health issues, or emotional distance can contribute. Reigniting intimacy requires effort and vulnerability. It's about reconnecting on multiple levels. Scheduling regular date nights or seeking therapy can help. Open discussions about desires and needs are vital. Prioritizing intimacy strengthens the marital bond. The loss of a loved one can deeply affect a marriage. Grieving processes vary, potentially leading to misunderstandings. Supporting each other through grief requires patience and empathy. It's a time for mutual comfort. Allowing space for individual grieving while staying connected is key. Seeking counseling can provide additional support. Remembering shared memories can also aid healing. Discovering a betrayal can shatter trust and security. Rebuilding requires transparency, forgiveness, and time. It's a challenging path that tests commitment. Professional guidance is often beneficial. Engaging in couples therapy can facilitate healing. Open communication about feelings and boundaries is essential. Reestablishing trust is a gradual process. Depression, anxiety, or other mental health challenges can impact marital dynamics. One partner may feel helpless or overwhelmed. Understanding and support are crucial during such times. It's about navigating the illness together. Encouraging professional help and being patient is key. Maintaining open lines of communication helps in understanding each other's experiences. Prioritizing mental well-being benefits the relationship as a whole. Moving to a new place can disrupt routines and support systems. The stress of adapting can lead to conflicts. It's a period that requires flexibility and mutual support. Embracing change together is vital. Exploring the new environment as a team can be bonding. Establishing new routines and connections helps in settling. Viewing the move as an adventure can ease the transition. Disparities in retirement visions can cause friction. One partner may seek relaxation, while the other desires activity. Aligning on post-retirement plans is essential. It's about finding common ground. Regular discussions about individual and shared goals help. Compromising and supporting each other's aspirations is key. Flexibility ensures both partners find fulfillment. Ongoing stress from work, family, or health can seep into the marriage. It may lead to irritability or withdrawal. Recognizing and addressing stressors together is important. It's about being each other's support system. Implementing stress-reduction techniques as a couple can help. Open conversations about pressures and coping mechanisms are beneficial. Prioritizing relaxation and connection strengthens resilience. Aging brings physical, emotional, and lifestyle changes. Adjusting to these shifts can be challenging. It's a time that tests adaptability and mutual support. Embracing aging together fosters closeness. Discussing fears and expectations about aging is crucial. Engaging in activities that promote health and connection helps. Celebrating each stage of life together strengthens the marital bond.
India Gazette
18 hours ago
- Business
- India Gazette
General Insurance Industry premium income to grow by 8.7% in FY2026 and 10.9% in FY2027: ICRA
ANI 02 Jun 2025, 13:41 GMT+10 New Delhi [India], June 2 (ANI): The Indian general insurance industry is expected to witness strong growth in the coming years, according to a recent report by Investment Information and Credit Rating Agency (ICRA).ICRA projects the industry's gross direct premium income (GDPI) to grow by 8.7 per cent in FY2026 and 10.9 per cent in FY2027. This growth is attributed to the improvement in economic activity and increased pricing the agency forecasts the general insurance industry's GDPI to increase from an estimated Rs. 2.97 trillion in FY2025 to between Rs. 3.21-3.24 trillion in FY2026, and further to Rs. 3.53-3.61 trillion in FY2027. 'GDPI growth is expected to improve in FY2026 supported by pricing discipline in commercial lines and low base, continued growth in health and increase in vehicle sales vis-a-vis FY2025, partly offset by the impact of 1/n,1 which is expected to continue in H1 FY2026,' said Neha Parikh, Vice President and Sector Head - Financial Sector Ratings, to the forecast, ICRA suggests that private insurers are likely to experience stronger growth, while public sector insurers' growth is expected to be moderate due to their weak capital underwriting performance of private insurers is expected to get better, driven by better pricing discipline. According to Investopedia, Underwriting is the process through which an individual or institution takes on financial risk for a estimates a substantial capital requirement of Rs. 152-170 billion for three PSU general insurers (excluding New India Assurance) to achieve a solvency ratio of 1.5 times by March 2026, assuming full forbearance on the Fair Value Change Account (FVCA), given their weak ICRA projects the return on equity (RoE) for private insurers to improve to 12.6% in FY2026 and 12.8% in FY2027. (ANI)
Yahoo
3 days ago
- Business
- Yahoo
Nvidia, Other Chip Stocks Slide Amid Worries About US-China Trade Tensions
Nvidia (NVDA) and other semiconductor stocks slid Friday amid worries about worsening U.S.-China trade tensions. Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO), Micron Technology (MU), and Applied Materials (AMAT) also lost ground, with the PHLX Semiconductor Index (SOX) dropping about 3%. Some of Nvidia's partners, including server maker Super Micro Computer (SMCI), saw their stocks fall as well. (Read Investopedia's full coverage of today's trading here.) President Trump on Friday said China has "totally violated its agreement with us," dampening hopes the countries would soon come to a longer-term agreement after reaching a temporary truce earlier this month. Separately, Bloomberg reported Friday that Trump plans to expand U.S. companies' licensing requirements to make deals with Chinese companies that have ties to sanctioned firms. The development comes after the Trump administration moved earlier this month to rescind the Biden-era AI diffusion rule that would have further curbed sales of American AI hardware to a broader group of countries, but warned it's looking to replace the rule with new restrictions. Analysts at Citi and Deutsche Bank warned at the time that they could turn out to be stricter than Biden's. During Nvidia's earnings call on Wednesday, CEO Jensen Huang said it's "terrific" that Trump rescinded the Biden-era rule, but criticized the administration's other moves to limit its sales to China, saying that "shielding Chinese chipmakers from U.S. competition only strengthens them abroad and weakens America's position." The AI chipmaker took a $4.5 billion charge in its fiscal first quarter associated with new export curbs on the company's H20 chips to China, and said it expects to take an $8 billion hit in the current quarter due to lost revenue. Read the original article on Investopedia
Yahoo
3 days ago
- Business
- Yahoo
You won't know when a recession starts: 5 key facts about downturns
The looming threat of recession has hung over American consumers for what seems like forever, an ongoing economic drama that stretches back to the early pandemic years. The chances of a recession in 2025 currently stand at about 40%, according to a May 27 report from J.P. Morgan. A month ago, many forecasters put the odds higher than 50%. If a recession comes, how will we know? When will it end? What will be the fallout on Wall Street? Here are some answers, drawn from experts at Investopedia, Motley Fool, Fidelity, NerdWallet and other sources. Economic downturns might seem to last forever: Endless months of corporate layoffs, shaky stock prices and general financial malaise. Yet, going back to the Civil War era, the average recession has lasted only about 17 months. Since World War II, the typical recession has lasted about 10 months. 'The reason they've been getting shorter is that policymakers and the Federal Reserve and the Treasury have been getting more creative about how to deal with them,' said Caleb Silver, editor in chief of Investopedia. 'That could mean flooring interest rates. That could mean stimulating the economy by giving stimulus payments to households.' Recessions feel interminable because of their impact on the job market, stock market and household budgets. The actual downturn might end in 10 months, but it 'may take us longer to bounce back,' said Niv Persaud, a certified financial planner in Atlanta. Recessions are part of America's boom and bust cycle. And here's the good news: Boom times tend to be longer. In the post-WWII era, the average economic expansion has lasted for nearly five years. The National Bureau of Economic Research defines a recession as 'a significant decline in economic activity spread across the economy, lasting more than a few months.' By that definition, a recession isn't a recession until the downturn has persisted for at least a few months. Theoretically, we could be in a recession right now. 'You don't usually find out that you're in a recession until six months after you've been in one,' said Denise Chisholm, director of quantitative market strategy at Fidelity. The economic bureau decides when a recession has started, Fidelity reports, measuring signs of sustained decline in purchasing power, employment data, industrial production, retail sales and gross domestic product, among other factors. Typically, those metrics must fall for several months before the economic bureau invokes the "R" word. But not always: The COVID-19 recession of 2020 lasted only two months. How convenient it would be for wary investors, searching for clues to the market's direction, if stock prices began marching steadily down on the day the economists announced a recession. But the market doesn't work that way. 'The stock market is a leading indicator,' said Robert Brokamp, a senior adviser at The Motley Fool. The market anticipates economic trends, including recessions, months before they arrive. 'It starts to go down, generally speaking, six months before a recession,' Brokamp said. 'And it starts to recover six months before the recession is over, very broadly speaking.' When you consider that we don't know a recession is happening until months after it starts, you begin to understand how hard it can be to make investment decisions in a recession. 'Stocks usually bottom out about halfway through,' said Chisholm of Fidelity. 'So, by the time you have learned you are in a recession, stocks, more often than not, have bottomed.' The stock market and economy don't move in lockstep. Sometimes they seem to move in opposite directions. 'If we go into a recession,' said Silver of Investopedia, 'you might notice that the stock market didn't dip that much at all.' However much investors might fret about the stock market in a downturn, history suggests the market will eventually recover. The S&P 500 took back all of its losses in the Great Recession of 2008, although not until 2013. If you're retired and spending down your savings, then a recession can bring fiscal disaster. For just about anyone else, there's time to rebound. The bigger danger, said Brokamp of Motley Fool, is losing your job. Unemployment hit 10% in the Great Recession, the jobless rate peaking after the actual recession was over. Unemployment reached 14.7% in the brief COVID-19 downturn. People lose jobs in recessions because companies are making fewer goods and selling fewer services, and thus, they need fewer employees. 'If you're still working, and you're not close to retirement, the big issue is job security,' Brokamp said. To buy low and sell high is a mantra of investing. But timing those transactions can be tricky. When to sell stocks is a particularly tough call, for the simple reason that stock prices tend to rise. You could sell your stocks on a day when the S&P 500 hits a record high, only to wake up the next day and watch the market climb higher. Cashing out of the stock market in a recession is generally a mistake, experts say, because of the market's notorious volatility. It's hard to predict when stock prices will slide, how low they will go, or when they will recover. 'Selling stocks to try to protect your portfolio from a recession is going to be an almost impossible enterprise,' said Sam Taube, a lead investing writer at NerdWallet. But buying stocks in a recession, experts say, can be a comparatively safe move. The 'buy low' directive instructs that investors should purchase stocks when the market is down. In a downturn, stock indexes can fall 10% or 20% (or more) below their historic highs. Buying stocks at those times is a relatively easy call. 'History has shown us that the stock market recovers,' said Brokamp of Motley Fool. 'So, if you have the opportunity to buy stocks at a discount, you'll always be happy you did it.' Remember, though, that months or years might pass before the stock market recovers completely from a recessionary swoon. Buying stocks in a downturn makes the most sense for investors who won't need the money for the holidays. This article originally appeared on USA TODAY: 5 facts about economic recessions: You won't know when one's coming
