Created: Apr 18, 2025 08:00 AM (Updated: Apr 18, 2025 08:58 AM) Kevin Richards, founder and chairman of Bita, at the Bita Thought Leadership Roundtable at the SDG Disruptor Summit in Tokyo in March 2025 (Photograph supplied)Proponents of an advocacy organisation established in 2022 believes “the adoption of stablecoins is critical” over the next 12 months, as the island pushes forward with its digital transformation.Kevin Richards, founder and chairman of the Bermuda Innovation and Technology Association, sees the organisation as a voice for the emerging technology industries.Bita is committed to making the Island the premier jurisdiction for top-tier technology companies…
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Image source: Getty Images On 19 February, the S&P 500 hit a record high of 6,147.43. Within weeks, President Trump unleashed the steepest US import tariffs since 1930. This prompted a global wave of share selling. At its 2025 low, the S&P 500 hit 4,835.04 on 7 April. A rapid retreat At its worst, the index was down 21.3%, therefore entering a brief bear market. It now stands at 5,272.43, 9% above 2025’s low. Thus, this latest US stock-market crash lasted mere days — so far. In two days, the S&P 500 fell 9.9%, destroying $6trn of global wealth. In…
Image source: Getty Images It’s been a roller-coaster year for shares, with the FTSE 100 hitting a record high before slumping steeply. The same goes for British bank stocks, which have zigzagged over 12 months. And the Lloyds Banking Group (LSE: LLOY) share price has been no exception. Lloyds lifts above 70p again At the height of last summer, the Lloyds share price was looking limp. On 14 August 2024, it hit a 52-week low of 47.43p before rebounding. The shares have risen strongly since their summer lull, peaking at 74.46p on 6 March. But market jitters triggered by President…
Image source: Getty Images Millions of us invest for passive income. However, most don’t know where to start. That’s especially the case for those of us without anything saved. So where does an investor begin, especially with no nest egg at age 30? The answer, as ever, is deceptively simple. Start putting aside a portion of salary each month. Even if the amount feels modest at first — perhaps £100 or £200, whatever is manageable — the key is consistency. By treating savings as a non-negotiable expense, akin to rent or council tax, a foundation’s created for a future portfolio…
The UK government announced the launch of a new consultation into a series of “integrity principles” for carbon and nature credits, aimed at helping to advance the development and growth of voluntary carbon and nature markets. The consultation comes as demand for carbon offset projects and related credits is expected to increase significantly over the next several years, with the UK government forecasting the carbon market to grow to $250 billion by 2050 for carbon markets, and $69 billion for nature markets, under the right conditions, as companies utilize credits as a bridge to their absolute emissions reduction efforts, or…
Fed chair says he can not legally be removed by Donald TrumpFederal Reserve chair Jerome Powell addressed concerns on whether President-elect Donald Trump could demote him.President Donald Trump’s swipe at Jerome Powell Thursday, in which he referred to the Federal Reserve chief’s “termination,” marks the latest salvo in Trump’s longstanding efforts to browbeat the central bank chairman into lowering interest rates.“Powell’s termination cannot come fast enough!” Trump wrote on Truth Social of Powell, whose term as chair ends in May 2026.But the attack comes at an especially fraught moment for the Fed, experts say, with the Trump administration challenging restraints…
Image source: Getty Images When there is the sort of stock market correction we recently saw on both sides of the pond, some share prices can change fast. The markets have partly recovered, but there is ongoing market turbulence that could potentially get worse before it gets better. I see that as an opportunity to hunt for shares to buy for my portfolio. But in doing so, I continue to pay close attention to three potential indicators of a share’s quality. 1. Business resistance to an economic downturn There are few businesses that are unscathed when the economy suddenly takes…
Image source: Getty Images According to the latest data, UK business confidence is at its lowest level since 2022. But the best times to invest are often when things look the most bleak. Sentiment might be weak, but I can see several potential opportunities. As always, the key is figuring out which companies have the best prospects. Business sentiment The only time in the last 10 years UK business confidence has been lower than it is now was during the Covid-19 pandemic. That’s pretty uninpsiring stuff, but investors who were buying back then have done very well. UK Business Confidence…
Open this photo in gallery:Traders work on the floor of the New York Stock Exchange during morning trading on April 15, 2025 in New York City.Adam Gray/Getty ImagesOn Tuesday, April 15 at 1 p.m. ET, personal finance columnist Rob Carrick, retirement reporter Meera Raman and investment reporter Tim Shufelt answered reader questions about the ongoing tariff war and how it could impact personal finances and investments.Here are some highlights from the Q&A. Questions and responses have been edited for length and clarity.Real estateIs now a good time to be selling a house?Rob Carrick: Not really. This is a market where…
Image source: Getty Images The FTSE 250 is full of undervalued gems, and insurer and wealth manager aberdeen (LSE: ABDN) might just be one of them. After a rough few years, its share price has jumped 12% in a month. Yet despite the recent rally, it still offers a blistering dividend yield of more than 10%. Aberdeen has famously taken a battering since the £11bn merger of Standard Life and Aberdeen Asset Management in 2017. The deal was supposed to create a powerhouse in fund management, instead it created an engine of wealth destruction. Can aberdeen shares fully recover? Around 100…