Helen Qiao, chief Greater China economist and head of Asia economics at BofA Global Research, says they're hoping to stabilize borrowing costs but have to be "mindful" that they cannot afford to tighten monetary policy too much.

Asia's major central banks are living with a dilemma, BofA says

Reuters

TOKYO (Reuters) - Japan will introduce a new type of floating-rate note that helps investors mitigate the risk from rising bond yields, two government sources told Reuters, a sign policymakers are gearing up for further interest rate hikes.

Exclusive-Japan to launch new floating-rate bonds as BOJ eyes rate hikes

Yoon said these tax benefits will be given to companies that "actively expand dividends and push for [a] low-rate separate taxation on shareholders' dividend income tax," according to a Google translation. He also announced a 25 trillion won ($17.98 billion) support package for small businesses affected by the Covid-19 pandemic.

South Korean president announces tax breaks for companies that raise shareholder returns

[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a player above at that time.]. Federal Reserve Chair Jerome Powell joins a panel including his global counterparts Tuesday at a European Central Bank forum. Powell will join ECB President Christine...

Watch Fed Chair Powell, ECB's Lagarde speak live at central bank policy forum

Japan bond market participants expect the central bank to trim bond purchases by roughly $100 billion in the first year under a quantitative tightening (QT) plan set for release this month, according to a survey conducted by Reuters. That would translate into monthly purchases of 4.65 trillion yen, down from...

Bank of Japan is expected to trim bond buying by $100 billion in first year, Reuters survey shows

In the past month, branches from major American banks such as Wells Fargo, Chase, and Bank of America have shut down across various states. This wave of closures comes as many customers manage their finances online, reducing the need for physical bank locations. In just six weeks, 79 branches of...

Bank of America and Wells Fargo Among 79 Banks Closing Branches as Customers Shift to Online Banking

Indy100

A top economist has warned that a "crash of a lifetime" is due to occur in 2025.Harry Dent, a financial author and economist, has cautioned that we're in for a financial crash bigger than the Great Recession.Speaking to Fox News, Dent said the "everything" bubble has still not burst.“In 1925 to ‘29, it was a natural bubble. There was no stimulus behind that, artificial stimulus per se. So this is new. This has never happened,” Dent said on Tuesday. “What do you do if you want to cure a hangover? You drink more. And that’s what they’ve been doing.”“Flooding the...

Top economist predicts financial ‘crash of a lifetime’ within months

The Motley Fool

Nobody knows for sure where interest rates will head next. But here's what the policymakers and stock market are telling us.

Here Are the Latest Interest Rate Predictions for 2024 -- And What They Mean for Your Bank Accounts

Rebecca Babin, Senior Energy Trader at CIBC Private Wealth, discusses oil prices in response to the summer driving season and Hurricane Beryl.

Babin: 2025 will be ugly for the oil markets as demand dynamics shift

Swimply CEO Derek Callow joins 'The Exchange' to discuss how the company is expanding its recreational offerings beyond the swimming pool, how his company is handling the pushback against their business, and more.

Swimply CEO on expanding their recreational offerings

Top Democrats Nancy Pelosi and House Rep. Jim Clyburn said it is fair to raise concerns about President Joe Biden's fitness after he stumbled through his first debate with former President Donald Trump. Pelosi and Clyburn are some of the first high-profile Democrats to publicly validate recent anxieties about the...

Top Democrats Pelosi, Clyburn say Biden age concerns are 'legitimate' after debate

Fremont, CA

At 32, after 12 years of living rent-free with my parents in the San Francisco Bay area, I was ready to move into my own place. I had saved $400,000 and had the flexibility to make the leap, but whether it was uncertain streams of income, wanderlust and mostly, the financial benefits of staying put, something had been holding me back. Until November 2023, when I visited a friend at their Fremont, California, apartment complex.

33-year-old pays $2,146/month for 556-square-foot studio in California furnished 'almost entirely with Costco': Take a look inside

The Associated Press

WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high inflation reports at the start...

Fed Chair Jerome Powell: US inflation is cooling again, though it isn’t yet time to cut rates

In a landmark moment, Steve Ballmer has overtaken Bill Gates to become the sixth-richest person in the world. This is the first time that the former CEO of Microsoft Corporation has surpassed the company’s co-founder in terms of wealth. The shift occurred on Monday as Microsoft’s shares soared to a new record high, marking a 21% increase for the year.

Steve Ballmer surpasses Bill Gates in wealth: A first in Microsoft’s history

Newark, NJ

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Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

TOKYO (Reuters) -Japanese companies delivered the biggest wage hikes in three decades this year, the nation's largest union said on Wednesday, prompted by labour shortages and an inflationary squeeze on household income. Workers' monthly pay will rise 5.10% on average this fiscal year, according to a survey of companies conducted...

Japanese Firms Deliver Biggest Pay Hikes in 33 Years, Union Survey Shows

As president, Trump called for the elimination of the Education Department's debt relief programs, including the popular Public Service Loan Forgiveness initiative, which benefits public employees such as members of the U.S. Armed Forces, first responders, public defenders, prosecutors and teachers. He also wanted to slash the department's budget, and...

Trump may roll back student loan forgiveness programs if elected to second term

Götene, about 200 miles from Stockholm, is selling plots of land starting at 1 krona per square meter or nine US cents per 10 square feet. Buyers must build a home on the land with plans to either live there permanently or use it as a vacation property, according to CNN.

This scenic town in Sweden is selling cheap land to get people to move there: 'We can bring you a high quality of life,' mayor says

USDA loans allow eligible homebuyers to get zero-down-payment mortgages in rural areas. Because they're backed by the U.S. Department of Agriculture, these loans have lower rates and more flexible credit requirements than conventional mortgages. They also don't require private mortgage insurance, which can add more than 2% to your loan annually.

What is a USDA loan and am I eligible?

New Jersey State

You'll need to earn nearly $60,000 annually to live alone in Massachusetts, the most expensive state in the U.S. when it comes to basic costs, according to a recent SmartAsset analysis. That figure includes estimates for how much a single-person household needs to cover housing, transportation, health care, taxes and...

The 15 U.S. states with the highest cost of living for single people—No. 1 isn't California, New York or Hawaii

NewsBreak

Bank of Japan chief's 'honeymoon period' is over, says financial services company

Jesper Koll, expert director at Monex Group,...

Bank of Japan chief's 'honeymoon period' is over, says financial services company

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