A fifth of American workers have a non-compete clause in their contract, barring them from leaving to join a rival. Owing to a new rule issued by the Federal Trade Commission on April 23rd, these clauses may soon be voided. Advocates hope this will inject dynamism into the American economy and lead to stronger wages; […]
Is it time to refinance your mortgage? 5 ways to prepare. #CashNews.co
Cash News With mortgage interest rates fluctuating daily, an excellent opportunity to refinance your existing loan may appear quickly and take you by surprise. Since the refinance process can take four to six weeks from start to finish, smart homeowners do the prep work ahead of time so they’re ready to act whenever that opportunity […]
Chinese authorities are now addicted to traffic fines
What that tells you about the country’s economic woes Source link
4 steps to take following a bank outage #CashNews.co
Cash News Accessing your bank account from your computer or mobile device can be incredibly convenient. But when a technological snag occurs, you could find yourself in a bind without easy access to your funds. Though uncommon, bank outages do happen. In July, for instance, cybersecurity company Crowdstrike that affected around 8.5 million Windows devices, […]
How far could America’s stockmarket fall?
The sound of alarm bells is becoming harder to ignore. America’s stockmarket finished the first quarter of 2024 on an astonishing tear, with its benchmark S&P 500 index having risen in 18 out of the preceding 22 weeks. No longer: it has fallen over each of the past three. Look at individual stocks, meanwhile, and […]
What is a cardless ATM, and how does it work? #CashNews.co
Cash News A cardless ATM is an ATM that doesn’t require a physical debit card. Instead, you use your mobile device to initiate a transaction. In a world where many people don’t go anywhere without their phones, cardless ATMs make it convenient to withdraw cash on the go — even when you leave your wallet […]
The UAE is using a wealth fund to gain diplomatic sway
Sovereign wealth funds seldom worry about foreign policy. Those that invest abroad typically do so in order to ensure stable returns or diversify holdings, meaning they tend to hold Treasuries and Western stocks. Many have started to spend more at home in order to advance national growth plans. But ADQ, one of the United Arab […]
PenFed Credit Union mortgage review #CashNews.co
Cash News The Yahoo View: PenFed offers a variety of home loans, but its VA-backed loans are where it really shines. Those looking for VA loans can find eBooks and a wealth of educational resources to ease the mortgage process. Plus, PenFed caps its VA loan processing fee at $995, which is lower than what […]
Japan will struggle to rescue its plummeting currency
The yen is on a wild ride. As Asian markets opened on April 29th, the currency plunged to a 34-year low of 160 to the dollar, adding to a hefty fall over the past three years (see chart). A sudden reversal to more like 155 to the dollar prompted rumours of intervention by the Bank […]
Immigration is surging, with big economic consequences
The West faces an unprecedented number of new arrivals Source link