Monthly Archives: July 2022

American Express refreshes Blue Cash Everyday card with more generous rewards

The updated American Express Blue Cash Everyday credit card offers more generous rewards for purchases at US gas stations and online purchases. Amex lags behind competitors in the entry-level card sector, which tends to cater to a wider customer base. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry….

Continued decline in fintech funding signals harsher climate for startups

The news: Global fintech funding dropped by one-third in Q2 to continue a trend of declining investing this year, according to CB Insights data. Insider Intelligence Data dash: CB Insights research found that for fintechs in Q2: Funding dropped 33% quarter-over-quarter (QoQ) to $20.4 billion, falling for the second consecutive month after shrinking 21% in Q1.Fintech funding dropped…

COVID-19 has become ‘too clever for us’ and can ‘break past’ our protection, WHO official says

David Nabarro at launch EAT-Lancet Commission Report on Food, Planet, Health at United Nations Headquarters on February 5, 2019. Photo by Lev Radin/Pacific Press/LightRocket via Getty Images A WHO official said COVID-19 has become “too clever for us” and can evade protection. David Nabarro told Sky News that people should still take precautions against the…

Jasmine oil is one of the priciest oils in the world. Here’s why it’s a key ingredient in luxury perfumes.

A kilogram of jasmine oil can cost $5,000. It’s an integral ingredient in luxury perfumes, like Dior’s J’Adore and Guerlain’s Mon Guerlain. Harvesters in India need to handpick over 5,000 buds to make just a kilogram of oil. A kilogram of jasmine oil can cost $5,000. But to get that small amount of oil, harvesters…

Bank of America has been fined $225 million for ‘botching’ unemployment benefit payments during the pandemic

Bank of America Justin Sullivan/ Getty Images Bank of America has been fined $225 million for “botching” payments of unemployment benefits. It froze some accounts after incorrectly flagging them as fraudulent, two federal agencies said. BoA also made it difficult for people to unfreeze their cards, CFPB said. Bank of America has been fined $225…

The key difference between ordinary and qualified dividends is the tax rate you’ll pay on them

In addition to regular income tax, your ordinary dividend payments may be subject to the Net Investment Income Tax. MoMo Productions/Getty Ordinary dividends are payments made to shareholders that are taxed at the same rate as their regular income. Qualified dividends are taxed at a lower capital gains rate of no more than 20%. Most…

Nominal interest rates reflect borrowing costs or investment returns before inflation

You’re likely to see nominal interest rates quoted when shopping for credit or a savings account. Ariel Skelley/Getty The nominal interest rate is the rate of interest before adjusting for inflation. As a consumer, you’re most likely to see nominal interest rates quoted when shopping for credit or a savings account. The nominal interest rate…