Monthly Archives: September 2022

Reverse mortgages are for people 62 and older who meet strict financial and housing requirements

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. A reverse mortgage doesn’t have to be repaid until the homeowner sells,…

Germans urged to switch off Christmas lights this year to cut energy usage as Russia keeps tight hold on Europe’s gas supply

Christmas market in Mainz, Germany. Andreas Arnold/picture alliance via Getty Images Christmas lights in Germany should be turned off to cut energy use this winter, per an environmental association. The director said there should be one lit-up Christmas tree for each community. Russia’s crackdown on gas supplies to Europe has led to energy-saving measures on…

Markets are treating the UK as if it’s a developing economy after the government’s plan for tax cuts deepened the risk of ‘policy disaster,’ top economist Paul Krugman says

REUTERS/Brendan McDermid “British markets aren’t acting like those of an advanced country,” Paul Krugman said in an op-ed for the NYT on Friday. After announcing tax cuts last week, the pound plunged in value, a sign markets are losing confidence. That’s because cutting taxes to spur growth is a “zombie” idea, Krugman said, which could…

Investors say these 21 proptech startups are the most promising in their fields — and can even survive a housing downturn

Annie Case of Kleiner Perkins, Nima Wedlake of Thomvest Ventures, Chris Yip of RET Ventures, Merritt Hummer of Bain Capital, and Daniel Fetner of Alpaca. Kleiner Perkins; Thomvest Ventures; RET Ventures; Bain Capital Ventures; Alpaca; fonikum/Getty; Anna Kim/Insider Insider asked 11 venture-capital investors to identify the top up-and-coming proptech startups. Investors nominated real-estate tech companies…

Pennsylvania Democrat says having all-octogenarian House leadership has put him at ease about the president running in 2024: ‘To me, Joe Biden is young’

US President Joe Biden takes a selfie with supporters after speaking at a Democratic National Committee event at the headquarters of the National Education Association on September 23, 2022 in Washington, DC. Samuel Corum/Getty Images Democratic Rep. Brendan Boyle said he’s fine with having an 80-plus year old Biden running in 2024. “I serve in…

The British pound will fall below the US dollar by year-end unless the UK government forces a U-turn on its latest fiscal tax cuts, Nomura says

A UK 10 pound note featuring Queen Elizabeth II’s image lies alongside a US dollar bill. Photo Illustration by Matt Cardy/Getty Images The British pound is set to trade below the US dollar by the end of November, according to a note from Nomura.The firm said it has high conviction the pound will continue to…

UK warns TikTok of £27 million fine over child privacy violations

TikTok isn’t just facing financial penalties in the US over claimed child privacy breaches. The UK’s Information Commissioner’s Office (ICO) has warned TikTok that it might face a £27 million (about $29.2 million) fine after the watchdog determined that the social network may have broken data protection law by “failing to protect” kids’ privacy between…