Business Insider

These are today's mortgage and refinance rates. Mortgage rates are expected to fall this year, but they might not drop enough to improve affordability.

Mortgage Interest Rates Today, June 26, 2024 | How Much Will Rates Drop This Year?

HSBC cuts rates following similar moves by Barclays and NatWest.

Three big lenders cut mortgage rates

The best CD rate in the country is an eye-popping 6.00% APY, available from Nuvision Credit Union for a 10-month term. An additional nine CDs offer rates of 5.50% and up, including a new offer today from Paramount Bank paying 5.55% APY for 11 months. One of the 5.50%-plus offers...

Top CD Rates Today, June 24, 2024 - 10 Options Pay 5.50% and Up

PYMNTS

European banking giant HSBC is reportedly slowing hiring and asking investment bankers to reduce expenses. It’s part of an effort by CEO Noel Quinn to reduce costs as banks around the world anticipate interest rate cuts, Bloomberg reported Tuesday (July 2). HSBC is in some cases not filling open...

HSBC Scales Back Hiring Amid Cost-Cutting Efforts

Real-time payments continue to advance globally. Banks, FinTechs, corporates and governments are all pursuing initiatives to accelerate payments for their citizens and customers. Real-Time Payments in the United States. In the U.S., digital banking platform Ibanera has incorporated the Federal Reserve’s FedNow® Service to offer these faster payments nationwide. This...

Global Real-Time Payments to Top $58T by 2028

Markets Insider

"The bar for being short equities right now is very high given these upcoming flow and random market dynamics," Goldman Sachs' Scott Rubner said.

Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says

The economy is already in a "selective recession," according to JPMorgan's Matthew Boss. Low-income consumers are pulling back on spending while top-earners are fueling the economy. The top 10% of American earners have gained more than $30 trillion in wealth since 2020, Fed data shows. The US economy is being...

The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan strategist says

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Paying with paper checks at Target will soon be a thing of the past. The retailer said it will stop accepting personal checks at its stores later this month, according to a recent report by the Minneapolis Star-Tribune. “Target is committed to creating an easy and convenient checkout experience, and...

Target Says Time’s Up For Paying With Paper Checks

A JPMorgan Chase customer is filing a lawsuit after the banking giant refused to reimburse thousands of dollars drained from her account by a bad actor. Real estate attorney Ebony Lucas says she recently discovered her highly active business account has been hit with $30,000 in fraudulent transactions, reports CBS News Chicago.

$30,000 Drained From JPMorgan Chase Account As Criminal Buys Car, Pays Girlfriend’s Bills, and Bank Refuses To Reimburse: Report

Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million that would be refunded to consumers. The Federal Trade Commission (FTC) said in a Tuesday (July 2) press release that Vroom agreed to...

FTC Says Vroom Agrees to $1 Million Settlement

Newark, NJ

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

Georgia State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Coffee County, GA

Douglas, GA

Daily Coffee Press

A 49-year-old woman from Douglas was recently arrested for allegedly submitting a life insurance policy for her ex-husband without his knowledge. According to a Coffee County Sheriff’s Office incident report, detectives met with a man on May 7 at the Coffee County Law Enforcement Center concerning a reported case of insurance fraud.

Georgia woman charged for allegedly filing life insurance policy application on ex-husband

Illinois State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Chicago, IL

Chicago Happenings

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

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

New York Post

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. 

Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.

Stock market could drop 5% or more before end of 2024: Wall Street analyst warns

Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending...

US headed for a deep recession in near future as stocks could fall 30%, analyst warns

Attorney Fred Rispoli anticipates resolution in long-standing SEC case against Ripple by end of July. Well known in XRP enthusiast circles, attorney Fred Rispoli was asked when he expects the SEC's case against Ripple, which has such a significant impact on the populist cryptocurrency, to be resolved. Rispoli, in turn, gave a specific answer, giving not one, but two dates.

When Ripple v. SEC End Date? XRP Advocate Shares Epic Prediction

Now that the Labour Party’s been ushered into power in the U.K. — in a landslide vote — what’s next for open banking in the United Kingdom?. New Prime Minister Keir Starmer has promised an era of “national renewal,” and there are some key tenets of what lies ahead in financial services, and, in particular, digital innovations.

What’s in Store for Open Banking as UK’s Labour Party Wins by Landslide

Cathie Wood's Ark Invest has 5.4% of its portfolio invested in Block, a fintech stock the firm estimates will trade at 375 per share by 2025. Block reported solid financial results in the first quarter, supported by encouraging progress across the Square and Cash App ecosystems. Block is executing on...

1 Turnaround Growth Stock to Buy Before It Soars 505%, According to Cathie Wood's Ark Invest

Millions of Apple’s smartphone and computer/laptop apps were reportedly exposed to a security breach. The breach could be used for potential supply chain attacks, ArsTechnica reported Wednesday (July 3), citing research from EVA Information Security. The exploit was uncovered in CocoaPods, an open-source repository used by several popular apps...

Millions of Apple Apps Exposed to Potential Security Threat

NewsBreak

Amid Fee Caps, Neobanks Eye Opportunity as Banks May Cut ‘Free’ Services

The arguably natural consequences of fee caps and limits on debit interchange — and the uncertainty of the regulatory climate — are now showing up with...

Amid Fee Caps, Neobanks Eye Opportunity as Banks May Cut ‘Free’ Services

Comments / 0