Finance

Top 6 US industries where you can earn the most money

Tesla expects to book over $350 million in costs for layoffs

(Reuters) -Tesla expects to book more than $350 million in costs in the second quarter for the mass layoffs it began last week, the automaker disclosed in a regulatory filing on Wednesday. The electric vehicle maker also reiterated that it expects capital expenditure to exceed $10 billion in 2024 and to be between $8 billion to $10 billion in each of the following years. The filing follows

Airlines will now be required to give automatic cash refunds for canceled and delayed flights

The Biden administration issued final rules Wednesday to require airlines to automatically issue cash refunds for things like delayed flights and to better disclose fees for baggage or canceling a reservation. The Transportation Department said airlines will be required to provide automatic cash refunds within a few days for canceled flights and “s...

Average net worth of Americans by age — see how you compare

25 Women Share Exactly How Much Is Sitting In Their Savings Accounts

If salaries are a taboo topic, then savings are completely off limits. Which is fair: the only thing more awkward than randomly asking a friend how much they have saved is bringing up your own saving efforts. It either reads as a brag, derails the conversation as someone emphatically acknowledges their privilege, or makes people feel anything from sheepish to outright ashamed. All of this means that savings are shrouded in mystery. We wondered...

UK’s £75 billion defence boost in face of threats from Russia and China

Millennials, Gen Z, need government help ‘now more than ever’: treasury board president

Canada's Treasury Board President Anita Anand joins CBC chief political correspondent Rosemary Barton to talk about the federal budget and its focus on young Canadians — as well as the criticism it's receiving.

How Much Cash Do You Need to Stop Work and Live Off Dividends?

Want to retire early? Here's how much cash you might need to quit work and live off your investment income. The post How Much Cash Do You Need to Stop Work and Live Off Dividends? appeared first on The Motley Fool Canada.

Child-free finances: How your financial needs, concerns differ if you don't have kids

As the child-free lifestyle surges in popularity among younger generations, many might imagine it means having a lot more money to spend, but that's not always the case. In fact, it’s not a prioritized clientele in the financial planning world, some experts say – and it’s one with its own unique needs. According to Statistics Canada, gen Z and mill...

As a first-time homebuyer, how much money do you really need for closing costs?

Buying a home comes down to more than just the downpayment and the mortgage costs. Here's what to know about closing fees and and rebates available to first-time homebuyers.

Young people have given up on buying homes and are saving for cars instead

Gen Z and Londoners are prioritising four wheels over their own four walls.

How to Build the Best Passive-Income Portfolio With Just $15,000

When it comes to creating passive income, don't narrow your focus to just dividend income -- especially if you're looking for long-term gains! The post How to Build the Best Passive-Income Portfolio With Just $15,000 appeared first on The Motley Fool Canada.

Salary Story: How I Went From Toxic Jobs To Making $70k

In our series Salary Stories, women with long-term career experience open up about the most intimate details of their jobs: compensation. It’s an honest look at how real people navigate the complicated world of negotiating, raises, promotions and job loss, with the hope it will give young people more insight into how to advocate for themselves — and maybe take a few risks along the way. Been in the workforce for at least five years and...

Trudeau says Sask. families to get full rebate, even without paying carbon tax on home heating

Prime Minister Justin Trudeau told reporters in Saskatoon on Tuesday that Saskatchewan families would receive "unaffected" carbon tax rebates "despite the fact the Premier is not sending that money to Ottawa right now." The provincial government stopped collecting the carbon tax on home heating from residents after the federal government gave an exemption on home heating oil that largely helped Atlantic Canada.

How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000

Income-seeking Canadian investors can consider holding shares of REIT such as Dream Industrial to create a passive-income stream. The post How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000 appeared first on The Motley Fool Canada.

Psychology of money and its impact on our lives

Money plays a significant role in our lives, and to accumulate wealth, it is necessary to understand the psychology of money. RBC-Ukraine reports, citing the Instagram page of the psychological portal Meclee, about the characteristics that distinguish people with significant wealth and how changes in attitudes and thinking are reflected in earnings...

How to Earn $14,000 Per Year in Tax-Free Income and Maximize Your CPP Payout

The difference between the maximum and average CPP payout is $1,094/month. To collect the maximum CPP, you need an alternate source of income. The post How to Earn $14,000 Per Year in Tax-Free Income and Maximize Your CPP Payout appeared first on The Motley Fool Canada.

Study reveals how much Americans really spend on tipping each year

TFSA Traps: Common Mistakes That Can Cost You Thousands

TFSA users are advised to avoid common mistakes and not pay unnecessary and costly tax penalties. The post TFSA Traps: Common Mistakes That Can Cost You Thousands appeared first on The Motley Fool Canada.

Ontario government faces lawsuit over cancellation of basic income pilot

Members of a class action lawsuit against the Form government for its cancellation of the Ontario basic income pilot are seeking $200M in damages. Jaden Lee-Lincoln explains.

Premiers lash out at Trudeau over budget

This week’s federal budget has premiers lashing out at Prime Minister Justin Trudeau over a planned increase to capital gains taxes as well as what they say is overstepping on infrastructure and pharmacare.

US's confiscation of Russian assets hinges on consent of G7 and EU - AP

The large aid package that President Joe Biden signed on Wednesday for Ukraine and other allies also allows his administration to confiscate Russian state assets and use them for the benefit of Ukraine. However, the US is unlikely to do so without the consent of other G7 members and the European Union, according to AP. In the US, $5 billion of the ...

Montreal Olympic Stadium fire: Quebec grants up to $40 million for cleanup, repairs

MONTREAL — The Quebec government has awarded the organization that manages Montreal's Olympic Stadium up to $40 million to pay for repairs and decontamination after a March 21 fire. Parc olympique spokesman Cédric Essiminy says extensive decontamination work is needed in the stadium's tower because smoke spread throughout the building. He says arou...

Bank of Canada says any rate cuts would probably be gradual

By Promit Mukherjee and David Ljunggren OTTAWA, April 24 (Reuters) - The Bank of Canada's (BoC) governing council agreed this month that interest rates would most likely only come down gradually, given the risks to the inflation outlook, minutes of the meeting published on Wednesday showed. The central bank kept its key interest rate unchanged at a near 23-year high of 5% on April 10 and minutes

Meta forecasts higher AI spending and weaker revenue

By Katie Paul and Yuvraj Malik (Reuters) - Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter than expected revenue, sending its shares tumbling as it races to catch up in AI. Shares of the Facebook and Instagram parent dropped about 13% in extended trade following the report, evaporating $160 billion worth of stock market value. Alphabet shares fell

Investing in Indigenous health initiatives

A new initiative from Movember will see more than $18 million invested in Indigenous communities over the next seven years. The funds are going towards improving access to healthcare for Indigenous men.

Business Report: Taylor Swift breaks more records

Taylor Swift's new album continues to break records. Plus, a major automaker picks Ontario for electric vehicle production, and investors gear up for a big week on the markets. Business Editor Kris McCusker explains.

Health Matters: Canadian government adds $36M to vaccine compensation fund

The Canadian federal government is putting another $36 million toward a program to compensate people who were seriously injured or killed by vaccines. The new funding was announced as part of the federal budget tabled in the House of Commons last week. Katherine Ward has this story and more in Health Matters for April 24, 2024.

Average US annual salary by age revealed – see how you compare

Annual home prices predicted to rise nearly 10% by end of year: Royal LePage

A realty firm is making a grim prediction about home prices in Canada, forecasting a big jump by the end of the year. Global's Nathaniel Dove explores why prices might go up.

Hackers steal $35k from George Conway’s anti-Trump Super PAC Lincoln Project

Hackers steal $35k from George Conway’s anti-Trump Super PAC Lincoln Project - ‘Since it was the vendor that was hacked, we are letting them and our bank’s fraud department lead any investigation,’ the group’s spokesperson said

Manhattan prosecutors reveal election crime driving Trump’s hush money case

Manhattan prosecutors reveal election crime driving Trump’s hush money case - The former president faces felony charges based on misdemeanour crimes. The DA’s office is beginning to show what elevates the hush money scheme to an election interference plot

What's cheaper, EV or gas? This scholar crunched the numbers

Where you live and how much you drive each day matters when it comes to the cost-effectiveness of an electric vehicle, compared to gas. to A new UBC study crunches the numbers.

If you're retired or about to retire, think carefully about your tax strategy

NEW YORK (AP) — Coming up with the best tax strategy in retirement can be much trickier than it seems, and tax pros agree it's a time when people need to be especially careful to look at their entire financial picture before deciding on a things like 401(k) withdrawal amounts and timing, or when to begin taking Social Security. “It’s the biggest ch...

Psychologist explained how to maintain passion in long-term relationships

At the beginning of a relationship, there is a passionate stage for every couple when you simply can't get enough of each other. However, with time, this fades, and many couples encounter a loss of interest. What can help maintain passion in relationships, according to psychologist Dmytro Ostapenko. How to keep passion alive in long-term relationsh...

Liz Weston: How to reduce your ‘widow’s penalty’

After a spouse dies, the survivor often ends up paying higher taxes on less income — something known by accountants and financial planners as the “widow’s penalty,” because women typically outlive their husbands. Couples who know what’s coming often can take steps to soften the penalty’s effect, but too many don’t think far enough ahead, says Barba...

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS Money plant growing ideas and easy method to grow bunch of money plants using growing stick for indoor garden or outdoor. This video shows easier way to display plants table decoration and how to grow money plants at home and potting these long vine pothos from cuttings. Growing money plant at home Feng Shui believe brings positive energy and cleaning air and negativity in every home. #greenplants #moneyplant #moneyplantdecoration #indoorplants #gardeningideas

What it takes to keep a restaurant afloat in Vancouver

Restaurateur Haitham El Khatib of Aleph Eatery says he approaches his businesses like it's a tech company — from hiring practices to people management to using technology to better understand revenue and expenses.

How to Build a Passive Income Portfolio Starting With Just $6,500

Looking to build a passive income portfolio? There's no shortage of great options on the market, including these three stellar picks. The post How to Build a Passive Income Portfolio Starting With Just $6,500 appeared first on The Motley Fool Canada.

European Commission allocates another €1.5 billion to Ukraine

The European Commission has allocated the second installment of exceptional bridge financing to Ukraine under the mechanism for Ukraine, amounting to €1.5 billion, reports the press center of the European Commission. The disbursement follows the European Commission's positive assessment of the agreed political conditions related to reforms in the j...

Ikea Canada cut prices on 800 items this month. Which ones?

Ikea Canada says it has lowered its prices for hundreds of items this past month as part of the company’s continuing push to make home furnishing more affordable.

Ukraine war latest: Biden signs $61 billion aid bill for Ukraine; US began secretly providing ATACMS in March

Key developments on April 24: ・Biden signs $61 billion aid bill for Ukraine ・Pentagon ready to send $1 billion in weapons to Kyiv ・State Department confirms US began secretly providing Ukraine long-range ATACMS in March ・Sources: SBU drone attack destroys 26,000 cubic meters of Russian fuel in Smolensk Oblast ・Ombudsman: Children in occupied Ukrain...

Why few bank fraud complaints lead to compensation

Sarah Bradley, the ombudsman and CEO at Ombudsman for Banking Services and Investments, responds to a report that found only a quarter of banking complaints resulted in monetary compensation in 2023.

Eight ways 365,000 people are being underpaid, according to a money expert

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

BNP Paribas beat estimates as lower costs offset slump in trading

By Mathieu Rosemain PARIS (Reuters) -BNP Paribas beat first-quarter profit forecasts on Thursday as lower expenses and a decent performance in global banking helped offset a steep fall in its fixed income trading. The French posted a 20% fall on revenue from fixed income, currencies and commodities (FICC) trading, significantly underperforming big firms on Wall Street, where trading revenue

Senate finally passes aid bills worth billions to Ukraine, Israel and Taiwan after months of delay

Senate finally passes aid bills worth billions to Ukraine, Israel and Taiwan after months of delay - The Senate passed the bill 79-18 after months of opposition from isolationist Republicans

Instagram fraudster 'Jay Mazini' has been sentenced for his crypto scheme that preyed on Muslims

NEW YORK (AP) — The former Instagram influencer known as “ Jay Mazini ” who swindled millions of dollars from online followers and a network of Muslims during the pandemic was sentenced to seven years in prison on Wednesday, prosecutors said. Jebara Igbara, 28, of New Jersey, had pleaded guilty to fraud charges, admitting that he created a Ponzi sc...

Billionaire Igor Makarov wants off Canada's Russia sanctions list

Shortly after Russia's full-scale invasion of Ukraine in 2022, Canada issued a slew of sanctions, freezing the assets of alleged Russian oligarchs. Nine people have since been removed from the list, and billionaire Igor Makarov is also trying to get dropped. But as Jeff Semple reports, Makarov's plan may have backfired.

Here’s the Average Retirement Income for Canadians: How Do You Rate?

If you're worried about how much you'll earn in retirement, increase your income by investing in an ETF like this one. The post Here’s the Average Retirement Income for Canadians: How Do You Rate? appeared first on The Motley Fool Canada.