Money

Wealthy Americans’ top concern in 2024 is not inflation

Published

9 months ago

December 13, 2023

ticker NEWS

In a recent study conducted among affluent Americans, it has been revealed that their primary concern for the year 2024 is not inflation, as one might expect.

Instead, the most pressing worry on the minds of the country’s wealthiest individuals is the future of healthcare.

The study, conducted by a leading financial consultancy, surveyed a diverse group of high-net-worth individuals, ranging from business magnates to celebrities. Surprisingly, nearly 62% of respondents expressed significant apprehension regarding the state of healthcare in the United States.

This unexpected concern can be attributed to various factors, including rising healthcare costs, uncertainty surrounding healthcare policy changes, and the ongoing challenges posed by the COVID-19 pandemic.

While inflation remains a topic of interest among the wealthy, it appears to have taken a back seat to concerns about the accessibility and quality of healthcare services. Experts suggest that this shift in priorities may have long-term implications for government policies and private-sector investments in the healthcare industry.

Money

ASX positioned for strong start after positive stock rebound

Published

2 days ago

September 10, 2024

ticker NEWS

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

3 days ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

3 days ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending