Monthly Archives: July 2022

Maine residents can get up to $850 in direct relief checks — more than any other state

Maine Gov. Janet Mills. Gregory Rec/Portland Press Herald via Getty Images Several US states are giving out stimulus payments in a bid to combat inflation. Maine residents can get up to $850 — more money than any other state. Around 858,000 people in the state will receive these payments, the government said. More than a…

Hedge fund billionaire Bill Ackman sees the Fed keeping rates higher for longer as inflation poses biggest threat to economy

Bill Ackman is a billionaire investor and hedge fund manager. Elsa/Getty Images The Federal Reserve could keep interest rates higher for longer to tame inflation, Bill Ackman says.  The billionaire investor tweeted Tuesday that the central bank will be open to a terminal rate above 3.4%.  “Inflation has become imbedded in the economy and is…

The best no-penalty CDs of July 2022

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Terms apply to offers listed on this page. Read our editorial standards. Most CDs charge…

What is an angel investor? Who they are, what they do, and how they help startups grow

Angel investors offer funds and guidance to small businesses just beginning to grow. andresr/Getty Images Angel investors are high-net-worth individuals who provide funding to startups, usually in exchange for shares in the company. Unlike venture capitalists, angels use their own money. They also invest in much smaller, younger enterprises Startup founders benefit from angels’ expertise…

David Axelrod slams House Democrats’ campaign arm for boosting a right-wing primary challenger running against a Republican who voted to impeach Trump

Rep. Peter Meijer, R-Mich., speaks during a roundtable discussion with House Minority Leader Kevin McCarthy, R-Calif., and other Republicans as they criticize President Joe Biden on the Afghanistan evacuation, at the Capitol in Washington, Monday, Aug. 30, 2021. Scott J. Applewhite/AP David Axelrod admonished Democrats for boosting a primary challenger to Rep. Peter Meijer.  Meijer,…

An anti-abortion pastor railed against rape and incest exceptions in Indiana’s proposed abortion ban, warning lawmakers that the GOP would lose ‘God-fearing’ voters if the bill isn’t more strict

Anti-abortion and abortion rights protesters hold up signs inside of the Indiana State Capitol building on July 25, 2022 in Indianapolis, Indiana. Jon Cherry/Getty Images An Indiana pastor warned state lawmakers that a Republican-led abortion ban isn’t strict enough, the Indianapolis Star reported. The near-total ban outlaws abortions at zero weeks with the only exceptions…

The Embedded Finance Explainer: Nonfinancial companies are increasingly looking to offer financial products via their platforms—here’s how innovative FIs can partner with them to capture a $7 trillion opportunity

Embedded finance is an emerging software distribution model that is promising—or threatening—to reshape the financial services industry. The global embedded finance market is still nascent, but its growth potential is enormous.  Do you work in the Fintech industry? Get business insights on the latest tech innovations, market trends, and your competitors with data-driven research. Embedded…