Finance

People in their 30s and 40s need a £74,000 annual retirement income to enjoy a comfortable old age

People in midlife looking at present-day forecasts for a retirement income need to factor in inflation and aim their sights far higher, warn money experts.

Why a tax on ISA cash interest would cost most savers less than £20

From next April, the Government is cutting the annual cash ISA allowance to £12,000 for under-65s

Two original Banksy artworks owned by Friends star Matthew Perry sell at auction for nearly £1m

Girl with Balloon and Nola went under the hammer on Friday, which featured 127 items from the actor's estate after his death in October 2023.

I don't believe in saving money: Barbara Corcoran built a fortune by spending — but can Canadians afford to follow her lead?

The Shark Tank investor says she has never saved a dime. Her philosophy is inspiring — and almost entirely impossible to replicate. Here’s what it means for the rest of us.

Tiger Woods leads golf's rich list in 2026 with $1.4 billion net worth

Tiger Woods reigns supreme on golf’s 2026 rich list at $1.4B! See which legends built massive empires beyond the course.

How 23 millionaire sports stars lost their fortunes

From Mike Tyson to Boris Becker, discover the elite athletes who made a fortune, then lost it all.

The bitcoin move that could shock financial markets

Bitcoin has gone from a niche digital asset to a topic of discussion at the highest levels of government. Now, proposals involving the acquisition of up to one million Bitcoin are generating intense debate among investors, economists, and policymakers. Supporters see it as a strategic asset, while critics warn of significant risks. This video explores what such a move could mean for the future of finance.

CIBC's quarterly profit rises on capital markets strength

May 28 (Reuters) - Canadian Imperial Bank of Commerce reported a rise in second-quarter profit on Thursday, helped by strong performance in its capital markets business. The Toronto-based bank also announced that it will sell its 91.7% stake in CIBC Caribbean to Bermuda-based Butterfield for about $1.6 billion, as it looks to reallocate capital towards growth priorities in North America. During

Why Illinois treasurer gifted Pope Leo a certificate worth $8.65

Why Illinois treasurer gifted Pope Leo a certificate worth $8.65 - This sum had been held in Illinois’ unclaimed property account

Iran seeks release of $24 billion in frozen assets in negotiations

Iran is seeking the release of about $24 billion in frozen funds as part of the talks with the United States, making money one of the biggest hurdles in the push for a wider ceasefire and Hormuz deal. The demand matters because it shows Tehran wants immediate economic gains, not just promises of future relief, before it commits to a broader settlement.

Billions wiped off London-listed banks as China cracks down on moving money overseas

HSBC fell 1.8% while fellow Asia-focused lender Standard Chartered dropped 2.8% and insurer Prudential, which makes most of its sales in China, fell 7.6%.

3 budgeting strategies for parents

Parenting makes budgeting harder, not because you’re bad at money, but because family life is unpredictable. These three approaches can help.

Why are so many people struggling financially while the stock market is soaring?

CBC personal finance columnist Mark Ting joined CBC’s Dan Burritt to explain why some Canadians are thriving while others struggle with rising costs and debt, and what it has to do with something called a K-shaped economy.

Gold rises as dollar and oil ease on Iran hopes

Gold prices moved higher as a softer U.S. dollar and lower oil prices supported demand for bullion, with investors weighing fresh optimism that tensions involving the U.S., Israel and Iran could ease.

Marvell sees custom chip revenue topping $10 billion by 2029 as AI demand grows

By Anhata Rooprai May 27 (Reuters) - Marvell Technology forecast on Wednesday its custom chip business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers and invest in custom chips to reduce reliance on Nvidia's processors. The surge in AI adoption has fueled demand for specialized chips, which along with Marvell's interconnect technologies, play a

Dollar millionaires rise worldwide, study finds

Booming stock markets have sharply increased the number of dollar millionaires worldwide, according to a study by consulting firm Capgemini released on Thursday. Some 25.3 million people around the world had investable assets of at least $1 million last year, almost 2 million more than in 2024, the analysis showed. The United States remained the cl...

Are you hoping to retire at 60 with $850K in your RRSP? Here’s important information to help make your money last

Early retirement sounds achievable with a strong RRSP balance — but the gap years between leaving work and before CPP and OAS begin are where Canadians often stumble

Barclays removes account fees on its DIY investing platform - but is it as cheap as it looks?

Barclays has removed account fees on its Direct Investing platform to become the latest provider to shake up its charging structure.

I’m already investing for my eight-year-old – it’s better than saving cash

I make $85,000 a year and pay over 30% in taxes. I heard some billionaires pay under 5%—do I really pay more than a billionaire?

It sounds completely backwards. You earn a solid middle-class income and see a big chunk go to taxes every year. Then you hear that one of the richest people in the world is paying a much lower percentage. Is it true? Is it fair?

Canada's TD Bank posts profit jump on strong interest income

May 28 (Reuters) - Toronto-Dominion Bank reported a rise in second-quarter profit on Thursday, as a resilient Canadian economy helped drive a rise in the bank's interest income. Canadian banks have largely maintained profitability despite trade tensions with the U.S. and broader geopolitical uncertainty, helped by a resilient economy and strength in fee-based businesses such as wealth management

Prosper boosts 120-day notice savings account to 4.21% - is it worth opening?

The savings platform is offering a bonus rate on this tracker account from Oxbury Bank, but is it any good?

The 'odd jobs economy' is growing as British Columbians look for extra income

3 in 5 people in the province either already earn money from their skills or would consider doing so

Canadian dollar strengthens, benchmark yield climbs

The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt climbed. The loonie was trading 0.1% higher at C$1.3893 to the greenback, or 71.98 U.S. cents, after trading in a range of 1.3868 to 1.3912. Canadian government 10-year bond yields rose 8.6 basis points to 3.523%. The yield on similar U.S. government benchmark debt rose to 4.5403%. U.S.

They donate 20% of their income: A fisherman and nurse became multimillionaires through simple strategies — what Canadians can learn

Ordinary jobs, extraordinary wealth. Here's how quiet millionaires build seven figures over time

Royal Bank of Canada's quarterly profit rises on capital markets boost

May 28 (Reuters) - Royal Bank of Canada reported a rise in second-quarter profit on Thursday, helped by an increase in trading income during a volatile period. Rising geopolitical tensions during the quarter roiled global prices and markets, prompting investors to rebalance portfolios to hedge risks. Volatility in the markets fuels trading activity and helps capital market segments at banks.

The next wealth boom: Emerging markets to add $12 trillion by 2030

Emerging markets will add trillions in wealth by 2030, but the fast-growing affluent class driving it remains largely unserved by banks and advisers. View on euronews

Pensioners need £45k/year to be 'comfortable' – more than most make at work

How these supercars cost less than a Toyota

On paper, owning a supercar sounds like a rich man’s game - but some of them now cost no more than a Toyota. That’s where things start to get interesting, because these cars still carry the presence and reputation of true exotics. There’s something unusual about how far their value has dropped, and it’s not always for obvious reasons. Behind the price tag, there are hidden costs and risks most people don’t expect. And once you see the full picture, “cheap supercar” doesn’t mean what you think it does.

Why 28 is the most important financial age for women

Why 28 is the most important financial age for women - LET’S UNPACK THAT : A new survey shows that the financial gap in the UK begins for women as early as their late twenties thanks to career breaks and lower pay putting women on a path to a retirement pot half the size of men’s. Lydia Spencer-Elliott reports

Stocks slump as big tech sinks and a strong May jobs report boosts odds for higher interest rates

The U.S. stock market had its worst day since October Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year.

A lottery winner got $16 million - then went $500,000 in debt in 3 months

Winning the lottery sounds like the ultimate escape, but the money can create problems just as fast as it solves them. Experts often advise winners to hire lawyers, avoid scams, protect themselves from harassment, and make careful decisions about spending, debt, taxes, and whether to take a lump sum or annual payments. The transcript highlights one winner who received $16.2 million, then fell $500,000 into debt within just three months. The real lesson is harsh: a jackpot can change your bank account overnight, but it cannot replace discipline, patience, or financial judgment.

How to invest money: A step-by-step guide to getting good returns

Investing can be one of the more effective ways to grow wealth over time, but a … How to Invest Money: A Step-by-Step Guide to Getting Good ReturnsRead more

Old money style for men: The complete beginner’s guide

While some styles are always in and out, old money style is always on the list year after

Parents are talking about money more — but many still worry their kids aren’t ready

Parents report having regular conversations about finances with their children, but few think their child is ready to manage money independently when they eventually leave home

BC minimum wage hits $18.25 today as businesses face another cost hike

A 40-cent hourly increase rarely looks dramatic until it lands on thousands of paycheques and payroll ledgers at once. As

5,000 ultra-rich hold more than a quarter of Germany's financial wealth

According to the new “BCG Global Wealth Report 2026”, the number of ultra-rich people in Germany is rising sharply – and so is inequality. View on euronews

Payday loans and credit scores: What Canadians need to know — and 4 ways to build credit instead

Payday loans rarely help your credit score and can actually wreck it. Here's how the system works and what Canadians can do instead to actually build credit

Instant view: Strong May jobs number sends yields, rate expectations higher

NEW YORK, June 5 (Reuters) - The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year and sending short-term interest rates higher on Friday morning in the face of inflation stemming from the war with Iran. Nonfarm payrolls increased by 172,000 jobs last month after rising by an upwardly revised

Invest $30,000 in 3 stocks for $1,481 in passive income

A $30,000 basket split across RioCan, North West, and Pizza Pizza could throw off about $1,481 yearly, but the income comes with very different risks. The post Invest $30,000 in 3 Stocks for $1,481 in Passive Income appeared first on The Motley Fool Canada.

Number of children with a pension surges as wealthy parents seek to cut inheritance tax bills

One investment platform revealed a 158% rise in new Junior Self Invested Personal Pensions in the first month of the new tax year, compared to a year earlier.

The countries where a $50,000 salary makes you rich — and where it barely covers rent

Raspberry Pi raises profit outlook amid surging AI demand

Raspberry PI has lifted its profit outlook for the year as strong demand for artificial intelligence boosted sales.

Ontario man has spent 5 years trying to pay off a $4,500 loan but has barely made a dent. Here’s what’s holding him back

An Ontario resident’s horror story with a predatory loan is highlighting the need for consumers to watch out for the fine print

Teaching kids to save can start as young as five

Personal finance experts say opening a bank account with your children can help them develop money management skills. (June 4, 2026)

Dollar firms to one-week high as Gulf tensions flare, yen nears intervention zone

By Jiaxing Li HONG KONG, May 28 (Reuters) - The dollar firmed to a one-week high on Thursday after Middle East tensions ratcheted up following fresh U.S. strikes on Iran, while the yen softened toward a level that triggered central bank intervention last month. Iran's Revolutionary Guards said they targeted a U.S. airbase after what they described as an early morning U.S. attack near Bandar

Mark Steel: I bought a London flat for £59k – it would be worth £400k now

Trump’s financial future at stake in case over billions

Oil prices rise, but not by enough to keep Wall Street from more records

NEW YORK (AP) — Oil prices rose Monday following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn’t very worried, and U.S. stocks ticked to more records.

Treasury Secretary Scott Bessent backs plans to put President Trump's face on a $250 bill

Treasury Secretary Scott Bessent publicly praised the proposal, calling it 'fitting' as the nation approaches its 250th birthday.