Monthly Archives: July 2022

Which industries would benefit from real-time digital payment adoption?

Faster digital payments are garnering greater interest from US financial institutions, businesses, and consumers.B2B, C2C, B2C use cases all stand to gain from shorter settlement times offered by real-time payments (RTP).Do you work in the Ecommerce and Retail industry? Get business insights on the latest tech innovations, market trends, and your competitors with data-driven research.The…

Markets are signaling the Fed is being too aggressive in fighting inflation – and a 100 basis point hike this month isn’t important to stocks prices

REUTERS/Jonathan Ernst Markets think the Fed is overestimating what it’ll take to bring down inflation, according to DataTrek.  In a telling sign, stocks did not make fresh lows when talk of a 100 basis point hike began last week.  That is because the size of the hikes is less relevant than where the Fed Funds…

Business Secretary Kwasi Kwarteng travelled around Saudi Arabia on flights paid by energy giant Aramco

Kwasi Kwarteng MP, Secretary of State for Business, Energy and Industrial Strategy Ian Forsyth/Getty Images Business and Energy Secretary Kwasi Kwarteng received free hospitality from Saudi Aramco in January. Kwarteng was flown around Saudi Arabia, courtesy of the majority state-owned energy firm. Kwarteng lunched with Aramco executives, stayed at a company residence, and visited an…

CFPB fines Bank of America for faulty unemployment benefit fraud detection

Bank of America faces $100 million in fines over alleged mishandling of California residents’ unemployment benefits during the pandemic. Rhe CFPB’s and OCC’s fines should put banks on high alert that their fraud and risk controls are coming under close scrutiny. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Banking industry. Learn…

I flirted with the FIRE movement, but I dropped it when I realized there was a better option for my family

The author with one of her babies. Courtesy of Kelly Burch I found the Financial Independence/Retire Early movement captivating.  Then, I realized that the discipline needed to retire early would impact my lifestyle now.  I decided to prioritize flexibility while my kids are young. I clicked submit on the story I was writing and looked…

The highest savings account rates today: Online banks paying up to 1.85% APY

If you want to be proactive about your savings, a high-yield savings account could be a good choice for earning more interest on your money. A high-yield savings account pays more than traditional savings account, and many accounts have zero monthly services fees. Our best savings accounts guide and best high-yield savings account guide can…

A Russia-China gas pipeline will begin construction in 2024 while the EU signs a supply deal with Azerbaijan, reports say

Russian President Vladimir Putin with Chinese President Xi Jinping. RIA NOVOSTI/AFP via Getty Images A pipeline bringing gas from Russia to China will break ground in 2024, the Financial Times said. The Power of Siberia 2 pipeline will allow gas to flow through to China via territory in Mongolia. Meanwhile, the European Union signed a…