Saudi FDI Inflows Signal Momentum in Push For Foreign Cash
Saudi Arabia saw its strongest start to a year for foreign direct investment since 2022, in an early signal the kingdom is gaining some traction in its push to attract overseas capital to support its economic ambitions.
FDI inflows amounted to $6.4 billion in the first quarter, according to preliminary data released on Sunday by the General Authority for Statistics. That's up 24% from a year earlier and down only slightly from the prior quarter, when inflows reached a one-year high.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Watch: Trump Talks About Tariffs, Iran and the One Big Beautiful Bill
In an interview with Fox News on June 29, President Trump addressed issues on Iran, the One Big Beautiful Bill Act and tariffs. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Intuit Inc. (INTU): 'I Really Love' It, Says Jim Cramer
Intuit Inc. (NASDAQ:INTU) is one of the . Intuit Inc. (NASDAQ:INTU) is a financial software firm that caters to the needs of businesses and consumers. The firm provides software that enables businesses and consumers to manage their finances, accounts, and ensure regulatory compliance. Intuit Inc. (NASDAQ:INTU)'s shares have gained 24.7% year-to-date due to strong earnings performance and legislation. Cramer's previous comments about the company have called it a terrific company. He reiterated the belief this time around: 'And then a company that I really love. Intuit. Which has, if you're a small businessperson, they're your savior. And I think that people don't know it until you start a business and realize I can't keep calling my accountant they cost too much money. They've got really positive AI stuff too. A professional tax preparer, using a laptop to complete an income tax return. While we acknowledge the potential of INTU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
Reddit Is Roasting This Guy Who Lost His Grandma's Retirement Money on Crypto—But His Mistake Reveals a Dangerous Trend
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A viral Reddit post has ignited a fierce debate about family, money, and the dangerous intersection of politics and cryptocurrency investing. The story is as painful as it is instructive: a grandson convinced his grandmother to invest $50,000 in cryptocurrency following Donald Trump's election victory, only to watch 60% of her retirement savings evaporate in a matter of weeks. But this isn't just another cautionary tale about crypto volatility. It's a stark reminder of how political enthusiasm, family dynamics, and financial inexperience can create a perfect storm of poor decision-making—with devastating consequences for those who can least afford them. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. The grandson's investment recommendations read like a masterclass in what not to do with retirement funds. Instead of safer options like Bitcoin or traditional assets, he directed his grandmother toward speculative altcoins, including the infamous 'Trump coin'—what the crypto community widely recognized as a 'meme coin' and a 'rug pull waiting to happen.' 'Trump coin is a meme coin that dummies mistook for anything other than a meme coin,' one Reddit commenter bluntly observed. Another was even more direct: 'Why on earth would you tell her to invest in the Trump coin? Literally everyone was screaming about the rug pull incoming.' The portfolio also included Polkadot and Chainlink. While Chainlink has legitimate use cases, critics pointed out that all three selections represented high-risk, speculative plays rather than the conservative approach appropriate for someone nearing retirement. The timing of this investment disaster highlights a broader phenomenon: the dangerous mixing of political sentiment with financial decisions. The grandson's advice came in the wake of Trump's election victory, riding a wave of political optimism rather than sound investment analysis. This represents what behavioral economists call 'hot-state decision making'—choices driven by emotion rather than rational evaluation. The political excitement around Trump's win created a false sense of certainty about crypto markets, particularly around politically-themed tokens. 'You were hoping. That's a gambler mentality, with the aggravating factor that the money you were playing with wasn't even yours,' one commenter astutely noted. Perhaps the most troubling aspect of this story is the complete mismatch between the investment strategy and the investor's life stage. At retirement age, the grandmother needed capital preservation, not speculation. 'Crypto is insanely volatile to begin with, this is not a space for the elderly to invest in unless they're extremely risk tolerant AND their retirement would be okay if they lost everything they put into crypto,' explained one Reddit user. The math is unforgiving: someone in their 20s has decades to recover from a 60% loss, while someone at retirement age may never recoup such losses. The opportunity cost isn't just financial—it's years of security and peace of mind. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. Beyond the financial damage lies something potentially more valuable: family trust. The Reddit community was particularly harsh about the grandson's behavior after the losses mounted. 'You need to man up and take her calls like an adult. You need to get her out and make her whole—those should be your losses, not hers,' one commenter demanded. The avoidance behavior—not taking his grandmother's calls—compounds the original mistake. It transforms a financial error into a relationship crisis, potentially damaging family bonds that took decades to build. This story illuminates a crucial principle that many families struggle with: the difference between sharing financial information and giving financial advice. The grandson crossed a line from enthusiastic sharing to active recommendation without the expertise to back it up. 'Never give friends or family investment advice. If they lose money, now it's your fault. It really puts a strain on relationships,' warned one experienced investor. The first rule of family financial discussions should be clear disclosure of risk and expertise levels. Saying 'I'm excited about crypto' is very different from saying 'you should invest in crypto.' If this story resonates, here are practical steps to protect both your relationships and your family's financial security: For Advice Givers: Acknowledge your expertise limitations upfront Focus on education rather than recommendations Consider the recipient's age, risk tolerance, and financial situation Never pressure family members into investments Be prepared to take responsibility if you do give specific advice For Advice Receivers: Distinguish between enthusiasm and expertise Seek multiple sources of information Understand that family love doesn't equal financial competence Consider the advisor's own financial track record Always do your own research before investing For Everyone: Keep politics out of portfolio decisions Match investment risk to life stage and financial goals Remember that 'hot' markets often lead to 'cold' outcomes Maintain emergency funds separate from speculative investments The crypto community's response to this story was overwhelmingly critical but also constructive. Many urged the grandson to take responsibility, make financial amends, and learn from the mistake. 'Bitcoin is for investing. Crypto is for gambling,' one user summarized, highlighting the distinction between established cryptocurrencies and speculative altcoins. The grandmother's situation isn't hopeless—markets can recover, and she may have time to rebuild with more conservative strategies. But the lesson for families everywhere is clear: when it comes to money and relationships, the stakes are too high for amateur hour. This Reddit post serves as a modern parable about the intersection of family, money, and the dangerous allure of get-rich-quick schemes. In an era where everyone has an opinion about markets and a platform to share it, the most valuable skill might be knowing when to keep your investment advice to yourself. The cost of being wrong isn't just financial—it's measured in broken trust, damaged relationships, and the weight of responsibility for someone else's financial security. That's a price no family should have to pay. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Book your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. This article Reddit Is Roasting This Guy Who Lost His Grandma's Retirement Money on Crypto—But His Mistake Reveals a Dangerous Trend originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
