Peter Cade | Getty ImagesHigher earners maximizing savings ahead of retirement may soon lose a tax break, thanks to 401(k) changes enacted last year.If you're 50 or older, you can funnel extra money into your 401(k), known as "catch-up contributions." For 2023, eligible workers can save another $7,500 after...
The Federal Reserve raised the target federal funds rate by a quarter of a point Wednesday, in its continued effort to tame inflation.In a move that financial markets had completely priced in, the central bank's Federal Open Market Committee raised the funds rate to a target range of 5.25% to 5.5%....
The Mega Millions jackpot grew to $910 million on July 26, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesThe Mega Millions jackpot has grown to an estimated $910 million, with the next high-stakes drawing on Friday at 11:00 p.m. ET.The big prize has only exceeded $1 billion four times,...
Andresr | E+ | Getty ImagesAfter years of low interest payouts, savings accounts now are paying higher yields, after a series of interest rate hikes from the Federal Reserve. But many Americans still aren't getting the best rates for their cash.Despite inflation concerns, nearly 70% of middle-income Americans haven’t...
How to maintain sustainable, but record-breaking growth: building a passionate culture and the Nordic concept friluftsliv. Corporate culture generally plays a crucial role in fuelling innovation. It encourages openness to new ideas and risk-taking. These are vital for staying ahead of the competition, and fintech is no exception. A strong...
The Marriner S. Eccles Federal Reserve building in Washington, D.C.Stefani Reynolds/Bloomberg via Getty ImagesAfter a pause last month, experts predict the Federal Reserve will likely raise rates by a quarter of a point at the conclusion of its meeting next week.Fed officials have pledged not to be complacent about...
Summer can be an ideal time to slow down, reflect and reset your money mindset. You also may find more time to review your financial goals and decide whether you need a reboot."When it comes to those who want to 'clean' their financial house, my advice is that you...
By Mike Whitmire, CEO, FloQast Despite the Bank of England expecting inflation to fall quickly in 2023, it can feel like we’re in a bit of a ‘permacrisis’. Just when your business has managed to weather the storm brought on by the pandemic, the Russia-Ukraine war begins and the cost-of-living...
In the world of financial technology, software is essential. As an increasing number of organizations develop high-tech solutions that aim to enhance and automate banking and financial services, fintech is helping companies, business owners and consumers better manage their financial lives. Leveraging specialized software and algorithms used on computers and, increasingly, smartphones,...
Digital banking holds significant potential in Sub-Saharan Africa, where traditional banking services are often limited in reach. By leveraging mobile technology and new platforms, digital banking can provide access to financial services for the unbanked and underbanked populations. Whilst fostering financial inclusion and economic empowerment. Additionally, it can drive...