Fraser Stark: Every Canadian who can comfortably navigate their own retirement finances is one less person requiring expensive subsidized care from the public purse
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As the artificial intelligence boom continues, a new survey finds that younger adults are twice as likely to rely on AI for financial advice compared to older adults.
According to a Yahoo Finance/Ipsos survey of 1,276 Americans, 20% of Gen Z adults said they were somewhat or very likely to use an AI-powered financial advisor, compared to 9% of Baby Boomers and those older. Some 18% of millennial investors and 17% of Gen X investors said they’d be likely to use an AI financial advisor.
The results suggest that younger adults, while still in small numbers, are gradually embracing AI
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Read the full story here: Some experts say mortgage rates could drop next year. Is it time to go short term?
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WASHINGTON (TND) — Black Lives Matter’s finances are under scrutiny once again, as tax documents show the nonprofit is on the brink of bankruptcy. The organization ended last year in the red, while doling out millions to those close to BLM’s founders.
Following the murder of George Floyd in 2020, supporters donated a staggering $90 million dollars to Black Lives Matter. The nonprofit ended the last fiscal year with a $9 million deficit.
The federal filings from 2020 to 2022 show just a third — $30 million of the $90 million — went to other charitable organizations, with $22 million
The provincial government is banking on a new partnership with a BC-based company that will deliver virtual financial literacy programming to Manitoba classrooms next year.
Education and Early Childhood Learning Minister Wayne Ewasko announced Thursday the province has awarded a contract to Enriched Academy to pilot a suite of financial literacy courses for Manitoba students next school year.
Ewasko stressed teaching more financial skills in the kindergarten-to-Grade-12 system was “increasingly relevant” in light of “uncertain interest rates, inflation and supply chain issues,” according to a news release.
Kevin McCarthy, head of corporations and institutions with Enriched Academy, said the pilot
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Senate Finance Chairman Ron Wyden is pushing back on assertions from GOP megadonor Harlan Crow that the panel lacks authority to request personal tax information and travel records from him as part of a probe into whether hospitality he provided to Justice Clarence Thomas could have triggered violations of US tax law.
In a letter sent Wednesday to Crow’s attorney, the Oregon Democrat asked the Texas billionaire’s team to provide a number of documents to the committee by June 2. Democrats on the Senate Finance Committee met earlier this week and discussed issuing a subpoena if Crow did
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People walk down station stairs featuring the logo of the G7 Finance Ministers and Central Bank Governors meeting, in Niigata, Japan, on May 10.Shuji Kajiyama/The Associated Press
China will be the elephant in the room at this week’s meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country – but also try to get Beijing’s co-operation in solving global debt problems.
The conflicting goals come on top of the vulnerabilities of the G7 rich democracies face due to their heavy reliance on China, which is
Inflation is coming down. But it’s been three crazy years since COVID arrived in 2020 and set the economy on a series of wild swings that still haven’t completely abated. So what’s back to normal? And what isn’t?
The annual inflation rate is now 4.9%, down from a peak of 9% last June. Before COVID, it was around 2.3%. So overall inflation is still more than double the pre-COVID level. But the Consumer Price Index includes dozens of spending categories and some of them are back to pre-COVID trend lines.
The following two charts show the price changes in several
