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Dear Dave, A friend told me about your Baby Steps programme. I have one question, though. I noticed that according to your plan, saving for retirement should come before saving up a college fund for your kids. Why is this? – Natalie Dear Natalie...

The recent Gamestop phenomenom has triggered exclamations, disbelief and renewed interest across generation-divides in investing. Reviewing a few of thousands of financial media reports, we see stock trading apps, both new and well-established, promo...

Shares of Butterfield Bank were up 33 cents, or 1.01 per cent, at $33.08 on the New York Stock Exchange. There were no trades on The Royal Gazette/Bermuda Stock Exchange, which closed at 2,273.69, up 177.85 points, or 5.47 per cent. The BSX Insurance...

Retail sales volume increased by 7.9 per cent in October year-over-year, marking the fourth consecutive month of rising sales for a sector of the economy hit hard by the impact of the Covid-19 pandemic. This compares to the previous year’s local reta...

Imports slumped by more than $150 million in the second quarter of last year as the pandemic sparked economic turmoil, figures released today by the Bermuda Government show. The island’s balance of payments surplus – summarising its transactions with...

Bermuda’s annual inflation rate remained negative for the fourth consecutive month in October at -0.2 per cent. In July 2020, the island recorded its first negative inflation rate since 1965. Consumers paid 0.2 per cent less for a basket of goods and...

After 30 years working as a chef in busy kitchens, Brian Bean thought working in food sales would be more relaxing. But six months into it, he was bored. “I didn’t think I would miss cooking as much as I did,” he said. “Sales was not my thing. I enjo...

Financial-services investment holding company Somers Ltd has reported record quarterly net income of $190 million for the fourth quarter of 2020. That compares with net income of $74.6 million for the final quarter of 2019. Earnings per share in the ...

Insurer Lancashire Holdings Ltd saw its full-year profit slide, as losses related to Covid-19 and natural catastrophes took their toll. The Bermudian-based company said pretax profit fell to $5.9 million in 2020, down from $119.5 million in 2019. Net...

Bermudian-based Emerging Asset Management Ltd, a company founded to simplify the process of running an investment fund, has reached the milestone of $1 billion of assets under management. EAM, which has platforms in Bermuda, Cayman and Delaware, and ...