Investing has become easier with new technology, allowing quick access to lots of information. However, having access to information does not mean investors are making better choices, and many investors still lack basic knowledge and make mistakes due to overconfidence and hurry.
Key Facts
People can now research companies and investments quickly using technology and artificial intelligence (AI).
A 2024 survey showed that investors who used social media for advice scored only 42% on an investment knowledge test, despite feeling confident.
About one-third of investment professionals use AI heavily to evaluate company risks and opportunities.
Fast access to information and quick decisions can lead to mistakes because investors may trust convincing stories instead of strong evidence.
Important investment skills include knowing when to say no, verifying facts independently, and being skeptical of pressure to act fast.
The U.S. Securities and Exchange Commission (SEC) warns that urgency and fear of missing out often signal possible investment fraud.
Technology helps research but can also make investors more confident without improving their actual understanding.
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Aster DM Healthcare, a major health care provider in the Gulf region, operates 488 facilities including hospitals, clinics, and pharmacies across the GCC and India. The company focuses on integrating care through digital tools and expanded services, aiming to move from treating illness to preventing it, with a recent investment of 1 billion dirhams to grow advanced medical services and hospital capacity.
Key Facts
Aster DM Healthcare began in 1987 and is now one of the largest health care providers in the Gulf region.
The company operates 488 health facilities staffed by over 18,000 employees across the GCC and India.
Aster’s model connects different levels of care (primary to quaternary) and includes digital platforms like the myAster app, which helps manage health outside the hospital.
The app links with wearable devices like Fitbit and Apple Watch to share health data with doctors.
The company focuses on shifting from reacting to illness toward prevention and early detection, especially for chronic diseases like diabetes and hypertension.
Aster treats about 17 million patients in the GCC and 8 million in India, using data to identify health risks and intervene early.
They are investing 1 billion dirhams to add hospital beds and to expand advanced medical services, including organ transplants and robotic surgeries.
The COVID-19 pandemic increased the demand for advanced care closer to home, boosting the need for higher-level specialized medical services.
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Nigerian billionaire Aliko Dangote has started the largest share sale in Africa by offering about 3% of his oil refinery to the public. The refinery, which began working in 2024, provides over 70% of Nigeria's energy and aims to raise up to $2.1 billion from this sale.
Key Facts
Aliko Dangote is Africa's richest man with a net worth of around $28 billion.
The share sale is for roughly 3% of the Dangote oil refinery.
The refinery is one of the largest worldwide, processing 650,000 barrels of oil daily.
It supplies more than 70% of Nigeria’s energy needs.
The initial public offering (IPO) could raise up to $2.1 billion.
The minimum investment is about $4 for 10 shares.
The refinery took over a decade and significant land work to complete.
Experts advise new investors to be cautious and only buy through official institutions.
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The UK government is taking control of Speciality Steel UK (SSUK) to protect 1,300 steel industry jobs. SSUK, which makes low-pollution "green steel," fell into financial trouble last year, and a private sale did not work out.
Key Facts
The government plans to take over SSUK, which has steel plants in South Yorkshire and the West Midlands.
SSUK entered insolvency last year and has been run by government officials since then.
The steelmaker is known for producing "green steel" using electric arc furnaces that pollute less.
Blastr Green Steel, a Norwegian company, was the main potential buyer but failed to complete a deal by the deadline.
The government has been paying £3.5 million per month to keep worker wages while steel production is paused.
SSUK’s financial problems worsened after its main lender, Greensill Capital, collapsed in 2021.
The government prefers a long-term, stable solution and rejects ideological reasons for the takeover.
Local leaders and politicians welcome the government's action as support for industrial communities.
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Kevin Warsh, a Federal Reserve official, will give a press conference to explain the Fed's recent decision on interest rates. Investors want a clearer explanation than the one Warsh gave in July to understand the reasons behind any rate increase or pause.
Key Facts
Warsh faced criticism seven weeks ago for unclear communication about an interest rate decision.
The Federal Reserve may raise interest rates by 0.25% (a quarter-point) based on current market expectations.
The reason for the rate change is more important than the change itself for understanding the Fed’s plans.
Possible reasons for raising rates include longer-lasting price increases due to tariffs and energy costs or inflation caused by new technology investments.
Warsh wants to avoid giving specific predictions about future rate moves, known as "forward guidance."
Different Fed officials may have different reasons for supporting or opposing a rate change.
If Warsh does not explain the reasoning clearly, markets may lose confidence in the Fed’s policy.
The press conference is set for 2:30 pm ET at the Federal Reserve headquarters.
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Tech stocks fell after leaders from major AI companies suggested slowing down AI development to reduce risks. This caused investors to worry about whether the fast pace of spending on AI will be profitable long term, leading to a drop in major stock indexes.
Key Facts
The Nasdaq index dropped about 1% early Monday, with the S&P 500 and Dow Jones each down around 0.6%.
AI company leaders, including Elon Musk, Sam Altman, and Anthropic’s CEO Dario Amodei, called for a cautious approach to AI progress.
Investors reacted with a sell-off, especially hitting companies that supply AI technology and computer chips.
AI investments have powered recent stock market gains and record highs.
Experts warn the fast pace of AI spending may exceed company profits and could cause a market drop in the next few years.
Some analysts believe the market rally tied to AI still has potential short-term growth but faces long-term risks.
Capital Economics predicts the S&P 500 could reach 8,250 by the end of the year but may fall more than 20% by 2027.
Financial advisors say slowing AI spending won’t necessarily cause a full market crash but may impact some companies more than others.
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Volvo is updating its XC40 small SUV for the 2028 model year with new design features, technology, and safety improvements. The car will have refreshed front and rear lights, a slightly smaller size, an upgraded interior touchscreen with AI voice assistant, and enhanced safety sensors.
Key Facts
The 2028 Volvo XC40 gets a facelift instead of a new model.
New front and rear LED lights have a cleaner, minimalist look.
Designers reduced some of the car's outer edges to make it look smaller and less aggressive.
The interior features an 11.2-inch touchscreen running Google’s Android Automotive OS with a new AI called Gemini for voice control.
There is a new cardamom leather interior option with open-grain wood trim.
Safety upgrades include new radars, cameras, ultrasonic sensors, and improved 360-degree parking cameras.
Production starts later this year, with sales expected next year.
A revised electric model called EX40 includes similar updates but won’t be available in the US.
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A $40,000 credit card debt can sometimes be consolidated into a single loan, but approval depends on factors like credit score, income, and budget. Even if a loan is available, the monthly payments and interest rates must fit the borrower's finances to make consolidation worthwhile.
Key Facts
U.S. credit card debt reached $1.26 trillion in the second quarter of 2026, with average interest rates above 22%.
Debt consolidation combines multiple credit card debts into one loan with fixed payments.
Some lenders offer personal loans large enough to cover $40,000 in credit card debt.
Approval depends on credit score (usually mid-600s or higher), income, and existing debts.
Monthly payments on a $40,000 loan at 12% interest could be about $890 over five years; at 18%, about $1,016.
A lower interest rate on the consolidation loan is needed to save money compared to credit card payments.
Fees and higher loan rates can reduce potential savings from consolidating debt.
Borrowers should check if the new payment fits their budget before choosing consolidation.
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Some restaurants and bars are banning or discouraging phone use during meals to help customers enjoy their food and company without distractions. Different places use various methods, from locking phones away to offering free wine if customers put their phones aside.
Key Facts
Phone bans in restaurants and bars aim to reduce distractions and encourage conversation.
The Spy Bar in London puts stickers over phone cameras to protect privacy.
Antagonist bar in Charlotte, NC, uses locked pouches to hold phones during visits.
Trophy Room in Phoenix keeps guests’ phones in a vintage filing cabinet while dining.
The Clink Bar in London locks phones in an outside cabin because it is inside a prison.
Some places offer rewards, like a free bottle of wine at Al Condominio in Italy for handing over phones.
Around 90% of customers at Al Condominio accept the phone-surrender challenge.
Big chains like Pizza Express and Wetherspoons also have phone-related rules to limit phone use.
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The Federal Reserve is likely to raise interest rates on September 16, which will affect borrowing costs and savings. While traditional savings accounts offer very low returns, other options like certificates of deposit (CDs), high-yield savings accounts, and money market accounts can help savers earn more interest.
Key Facts
The Fed may increase its benchmark interest rate by 0.25% to between 3.75% and 4.00%.
Higher rates make borrowing more expensive for homes, personal loans, and credit cards.
Traditional savings accounts have low average interest rates around 0.38%, below inflation.
Certificates of deposit (CDs) offer fixed interest rates up to about 4.5%, but early withdrawals have penalties.
High-yield savings accounts have variable rates above 4%, which can rise with future Fed hikes.
Money market accounts offer rates just under 4% and allow check writing for easier access.
Savers should consider these accounts to benefit from higher interest rates while managing access to their money.
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Crispin Odey, a former hedge fund manager, lost his appeal against a lifetime ban from the UK financial services industry over sexual harassment allegations and attempts to block investigations. The Financial Conduct Authority (FCA) reduced his fine from £1.83 million to £1.53 million but upheld the ban, finding Odey lacked integrity and was unfit to work in finance.
Key Facts
Crispin Odey was banned for life from UK financial services by the FCA in March 2023.
The ban was related to Odey’s attempts to stop investigations into sexual harassment claims.
Odey resigned from his hedge fund, Odey Asset Management (OAM), in 2023 after public reports of the allegations.
During his appeal, judges found Odey used his power to remove executives who tried to hold him accountable.
The tribunal said Odey showed no regret and did not see his behaviour as wrong.
Allegations included inappropriate comments and incidents going back to 2005.
OAM stopped trading months after the scandal became public.
The FCA said Odey acted with arrogance and ignored proper rules, making him unfit for the finance industry.
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Australia’s reliance on gas for electricity during the busy evening hours has dropped by nearly 70% in the past year. This change happened because large batteries and many home batteries have started storing and supplying power, reducing the need for gas plants.
Key Facts
Gas use for electricity between 5pm and 8pm fell by 67% in the year to August.
Large-scale batteries and half a million home batteries helped replace gas power.
Batteries provided 49% of the power needed during evening peak in August 2026, up from 0.4% in 2020.
Gas power usage dropped from nearly 66% to about 21% in the same period.
Wholesale electricity prices have gone down due to the rise of battery use.
Gas power plants will still be important as backup during cold, dark winter weeks when solar and wind can’t supply enough energy.
The Australian Energy Market Operator expects gas to become mostly a backup energy source in future years.
Transitioning gas power will change how much gas is needed and may affect costs and availability.
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One Nation stopped supporting a gas reservation policy for Australia’s east coast, which would require gas exporters to sell some gas to local buyers. Instead, they now support a plan that helps companies like Senex, partly owned by billionaire Gina Rinehart. This change has caused criticism from government ministers and opposition politicians.
Key Facts
The Albanese government plans a gas reservation policy to make more gas available locally and lower prices.
Pauline Hanson and One Nation supported this gas reservation policy until June.
One Nation changed its position after talks with industry groups, saying the policy could harm Australian gas companies.
Senex, a company 49% owned by Gina Rinehart’s Hancock Prospecting, opposes the reservation policy.
One Nation received up to $2 million in gifts and donations linked to Hancock Prospecting and Rinehart’s associates.
The Australian Resources Minister accused One Nation of siding with big business instead of Australian families.
Some politicians believe One Nation’s change benefits Rinehart’s companies more than the public.
One Nation now supports joint projects between government and industry to avoid a gas reservation policy.
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A new report says the ongoing conflict between the U.S. and Iran is putting economic pressure on Saudi Arabia, Qatar, and the UAE. This pressure may slow down their plans to invest nearly $4 trillion in the U.S., which were announced under President Donald Trump’s "America First" agenda.
Key Facts
Saudi Arabia, Qatar, and the UAE pledged nearly $4 trillion in economic commitments to the U.S. under President Trump.
The U.S.-Israel war on Iran is causing those Gulf countries to spend more on defense, energy, and trade.
The International Monetary Fund cut growth forecasts for these Gulf states more sharply than for the global economy (Qatar by 14.7 points, Saudi Arabia and UAE by about 3.8-3.9 points).
Gulf countries still have enough money and borrowing ability to avoid immediate financial trouble but may focus more on domestic spending than U.S. investments.
Saudi Arabia’s Public Investment Fund has reduced its international investment share from 30% in 2020 to 20% today.
The White House may apply pressure on these countries if they delay investment, similar to actions taken against South Korea.
QatarEnergy recently started exporting liquefied natural gas (LNG) from Texas and is negotiating long-term contracts with U.S. LNG producers.
The report warns the lack of clear timelines and measurement methods could make it hard to track if Gulf states meet their investment commitments.
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Canadian Prime Minister Mark Carney is hosting a Canada Investment Summit in Toronto to attract global investors and increase investment in Canada. This effort comes as U.S. President Donald Trump has imposed tariffs on Canadian goods and aims to bring factories and investment to the United States.
Key Facts
About 300 CEOs and top executives from global investment firms, managing over $120 trillion, are attending the Canada Investment Summit.
The summit is held in Toronto’s upscale Yorkville area.
Carney highlighted Canada’s natural resources, skilled workforce, and trade agreements giving access to 1.5 billion consumers worldwide.
Carney has experience leading central banks in Canada and England and working in major financial firms.
The summit is expected to lead to new investments over the next 12 to 18 months, not immediate deals.
U.S. President Trump imposed 50% tariffs on about $20 billion worth of Canadian goods after trade talks failed.
The U.S. also banned some Canadian imports and restricted Canadian products from U.S. government contracts.
These actions threaten Canada’s advantage of reliable access to the large U.S. market under free trade agreements.
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Settling a debt means you pay less than you owe, and this status appears on your credit report differently from fully paid debts. Even after settling, past missed payments and negative history usually stay on your credit report for up to seven years.
Key Facts
Settling debt means the creditor agrees to accept less than the full amount owed.
Credit reports will show words like "settled" or "paid-settled" for debts that were settled.
After settlement, the account should show zero balance and closed status.
If the debt was sent to collections, both original and collection accounts may appear on your credit report.
Negative payment history, such as missed or late payments before settlement, generally remains on the report.
Settled accounts can stay on credit reports for about seven years from the first missed payment.
It is important to check your credit report for accuracy in balance, status, and payment history after settling debt.
A correct settlement record shows you no longer owe money under the settlement agreement.
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The co-founders of Axios, Jim VandeHei and Mike Allen, appeared on CBS Mornings to discuss their new book called "Simplify: Do 50% More with 50% Less." They shared advice on how to reduce clutter and make work and life simpler and more efficient.
Key Facts
Jim VandeHei and Mike Allen co-founded the news company Axios.
They wrote a book titled "Simplify: Do 50% More with 50% Less."
The book offers strategies to manage work and personal life better.
Their advice focuses on cutting down unnecessary tasks or distractions.
They appeared on the CBS Mornings show to talk about these ideas.
The goal is to help people be more productive while having less stress.
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Amazon has stopped working with the cargo airline 21 Air after one of its planes loaded with Amazon packages crashed off a runway in Miami, killing five people. The plane went off the runway and hit a van carrying workers, causing the deaths and injuries.
Key Facts
The accident happened on September 6 at Miami International Airport.
A Boeing 767 cargo plane operated by 21 Air went off the runway.
The plane traveled about 1,300 feet (396 meters) beyond the runway’s end.
The plane crashed into a van that was carrying workers cleaning planes.
Five people in the van died, and five more were injured.
Amazon suspended its partnership with 21 Air after the crash.
Amazon is supporting the investigation into the accident.
The flight involved was Flight 7598 operated by 21 Air.
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Experts in artificial intelligence (AI) have warned that not regulating the AI industry might cause serious problems. A slowdown in AI development could affect stock markets and the economy.
Key Facts
AI leaders have called for clear rules to manage AI growth.
Without regulation, AI development could slow down.
A slowdown in AI development may impact stock market performance.
The discussion is focused on how the business sector might react to changes in AI progress.
The analysis comes from CBS News business analyst Jill Schlesinger.
The news is part of a CBS News segment on the effect of AI on financial markets.
Regulation refers to government rules that guide how industries operate to keep them safe and fair.
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Costco has started limiting how much of its Kirkland brand motor oil customers can buy, allowing only two boxes per week. This move comes as motor oil prices rise because of higher crude oil costs and supply issues linked to global events.
Key Facts
Costco limited purchases of Kirkland Signature full synthetic motor oil to two boxes per week.
The price of Kirkland motor oil increased to $57.99 from around the mid-$30s.
Motor oil is made mostly from base oil, which comes from refining crude oil.
Rising crude oil prices, partly due to conflicts in the Middle East, are causing motor oil supply to shrink.
Oil companies are producing more fuel and less motor oil because fuel sales are more profitable.
Other retailers like Walmart and AutoZone have not introduced purchase limits yet.
Brent crude oil prices recently rose above $108 per barrel, influenced by attacks in the Middle East.
Higher production costs and stricter quality standards also contribute to more expensive motor oil.
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