DIRS.INFO The most relevant business & tech news

When the Federal Reserve adjusts the federal funds rate, the decision affects banking products. It holds eight meetings annually, and one of the primary topics discussed is the federal funds rate. As a consumer, you'll see that changes to the federal funds rate impact banking products. The Federal Reserve raised the federal funds rate several times in 2023 to combat inflation, which is why savings rates are still competitive in mid-2024. If the Fed raises interest rates, interest rates on banking products will likely be impacted.

Persons: aren't, Jerome Powell, Banks, it's Organizations: Fed, Federal Reserve, Market, Governors, Federal Reserve Bank of New York, Bank, Reserve Bank, Market Committee, Chevron

☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Persons: —, Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London

☆ SOCOM is seeking a lightweight machine gun with heavy firepower and a longer range to bridge the gap between the M2 and M240
▼ + stars: | 2024-07-22 | by ( Travis Pike | Sandboxx News | ) www.businessinsider.com time to read: +8 min

Machine guns come in three types: we have light machine guns that chamber intermediate rounds and maximize weight savings; medium machine guns that offer more power with full-powered rifle rounds; and heavy machine guns that might weigh more than 100 pounds but provide light armor and barrier destruction as well as a longer range. SOCOM's new machine guns blend the medium and heavy machine gun types to create something novel. This new weapon seems ready to supplement or even replace the M2 heavy machine gun. This led to a demand for a gun that offers the range of a heavy machine gun with respectable power but without the weight. To put it simply, they want a weapon that weighs less than a medium machine gun but has the range of a heavy machine gun.

Persons: —, Ma, it's, Cpl, Mary Kohlmann SOCOM, Norma Magnum chambering, Norma, SOCOM, Norma Magnum, SIG MG338, we'll Organizations: Service, Marine Corps, Business, BMG, NATO, US Army, SIG, Ohio Ordnance, Indigenous, Dynamics, Velocity, Ohio Ordnance Works, Facebook Locations: United States, Ohio

☆ 'Workaholic' Karlie Kloss on the importance of setting boundaries and work-life balance: 'I try to be disciplined'
▼ + stars: | 2024-07-22 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Karlie Kloss, a self-proclaimed "workaholic," knows this better than most. Her years of focus and hard work have made her massively successful, but Kloss tells CNBC Make It that her personal life has paid the price. For the New Yorker, that means being strict about setting boundaries between her work life and home life. Once her kids get a little older and are no longer home all day, Kloss knows she'll be tempted to reassess her boundaries. "I know when they're in school all day my workaholic tendencies will probably kick back into high gear," she says.

Persons: Karlie, workaholic, Kloss, I've, Thorne, I'm, she'll Organizations: CNBC, Yorker

I had never used a high-yield savings account until selling my house. There's one safe way to make some money on your money without the risk of investing, though: putting your cash in a high-yield savings account. Putting our money in a high-yield savings accountWe decided to invest some of the money we made on the sale of our house and put the rest into our high-yield savings account to beef up our emergency fund. In the end, I decided to open an American Express high-yield savings account and deposit $80,000 into it. Featured Nationally Available Deposit Rates Account Name APY (Annual Percentage Yield) Accurate as of 7/22/2024 Minimum Account Opening Balance BrioDirect High-Yield Savings Account 5.30% $5,000 Forbright Growth Savings 5.30% $0 NexBank High Yield Savings Account 5.26% $1This article was originally published in April 2020.

Persons: —, I've, it's Organizations: Service, Citibank, American Express, American

Read previewThe results are in for Sam Altman's much-anticipated basic income study, one of the largest of its kind. AdvertisementThe debate over basic incomeThe study was inspired by Altman's belief in the importance of a basic income in the age of AI, which some fear could render millions of jobs obsolete. Related storiesThe idea of a universal basic income has been around for awhile, but rose to prominence as the center of Andrew Yang's 2016 presidential campaign. Other significant figures in the tech industry have since voiced support for some kind of basic income, including Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Earlier this year, Altman also floated another kind of basic income plan, which he called a "universal basic compute."

Persons: —, Sam Altman's, Altman, OpenResearch, Elizabeth Rhodes, Cash, Andrew Yang's, Jack Dorsey, Elon Musk, Geoffrey Hinton, Sarah, Cara Organizations: Service, Business, OpenResearch Locations: Texas, Illinois

Types of savings accountsRegular savings accountsRegular savings accounts are the type of savings account you could expect to open at a brick-and-mortar bank. High-yield savings accountsWhen compared to regular savings accounts, high-yield savings accounts pay significantly higher rates. Money market accounts and savings accounts differ in two main ways: Money market accounts frequently come with debit cards, ATM cards, and checks, while savings accounts generally have a lower opening deposit requirement. A high annual percentage yield is especially important if you are looking for a high-yield savings account, rather than a regular savings account at an in-person bank. How to open a savings account: FAQsHow long does it take to open a savings account?

Persons: We've, you'll, it's, Banks Organizations: Mobile, Western Alliance Bank, Yield, Federal Reserve Locations: They're

Understanding the Federal Reserve's role in mortgage ratesThe Federal Reserve's actions are a big influencer in where mortgage rates head. In the time since the Fed began raising rates, mortgage rates have climbed steadily. The Fed's impact on mortgage rates FAQsHow does the Federal Reserve affect mortgage rates? The Federal Reserve influences mortgage rates by setting the federal funds rate, which impacts borrowing costs, investor activity, and market conditions. When the Fed raises interest rates, mortgage rates often increase as well, making borrowing more expensive.

Persons: Michael Gifford, Fannie Mae's Organizations: Federal, Federal Reserve, Fed, Treasury, it's, Mortgage Bankers Association, Reserve, Chevron Locations: lockstep

High-yield savings accounts and standard savings accounts are both federally regulated and liquid. But a high-yield savings account will likely be a stronger choice for storing your money than a traditional savings account. Savings accounts similaritiesHigh-yield savings accounts are essentially the same as any other savings account. Compare savings ratesSavings accounts differencesHigh-yield savings accounts are designed to make your money work in a way typical savings can't. The main difference between the typical savings account and a high-yield savings account is how much more your account will grow.

Persons: they're, you'd Organizations: Federal Reserve Locations: U.S

A savings account is an ideal place to store money you don't need right now, while a checking account is better for managing your daily expenses. But when you're ready to take money from your savings account, it pays to be mindful of your bank's withdrawal rules. Understanding savings account withdrawalsYou can generally take money out of a regular savings account or high-yield savings account at any time. You'll go to a teller, provide your account information, and tell them you want to take out money from your savings account. Savings account withdrawals FAQSCan you withdraw money from a savings account?

Persons: Banks, You'll Organizations: Governors, Federal Reserve

Earn 5.26% APY with a NexBank High Yield Savings Account. It got me thinking about the money I have stashed away in my current high-yield savings account at Ally, paying 4.20% APY. Here's why I'm sticking to my current savings account. With Ally, I can enjoy the fact that there are no monthly account fees, nor a minimum balance requirement. That's more money than I would ever feel comfortable keeping in a short-term savings account, let alone locked for a long stretch.

Persons: I've, Ally, There's, you'll Locations: Michigan

Ashok Kumar | Getty Images Entertainment | Getty ImagesWhat is recession pop? Recession pop largely refers to the body of music that emerged during the Great Recession, which started in late 2007 and lasted for 18 months. It's a lot of Katy Perry, and a lot of hyper, very fast music," said Lewis. Why is recession pop having a renaissance? That tension has given way to recession pop."

Persons: Taylor Swift, Ashok Kumar, Charlie Harding, Harding, Joe Bennett, Katy Perry banger, Katy Perry, Lewis, Kevin Mazur, Bennett, Diane Negra, Charli XCX, Negra Organizations: Getty, New York University Steinhardt School of Culture ,, Human, Berklee College of Music, Pepsi, University of Phoenix, Farm, University College Dublin, Google, Dow Jones, Bank of America Locations: Singapore, Glendale , Arizona, U.S

☆ Ether ETFs are coming. Here's how Wall Street sees the funds impacting the world's 2nd-biggest crypto
▼ + stars: | 2024-07-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Spot ether ETFs could launch as soon as July 22, reports say. Wall Street has issued a range of outlooks on how the world's second-largest cryptocurrency will move once the ETFs launch. The bank expects these funds to drive $15 billion to $45 billion worth of ether inflows in a 12-month window. Bulls derived their confidence from how bitcoin behaved after its spot ETFs launch in January. They noted bitcoin's first-mover advantage and stressed that the ether token offers functionality that wouldn't be accessible through the ETFs, thus limiting demand.

Persons: —, bitcoin, Nikolaos Panigirtzoglou, CoinDesk, Rachel Lin, Alex Kuptsikevich Organizations: Street, Service, Securities and Exchange Commission, Chartered, Bulls, JPMorgan, Citi, Steno, Reuters, Galaxy Digital, ETH, Business

☆ 27-year-old 'House of Dragon' star couldn't afford drama school, but was determined to break into the industry 'by hook or by crook'
▼ + stars: | 2024-07-21 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

As a child growing up in the U.K., Mitchell always knew he wanted to be an actor. But because his family couldn't afford to send him to drama school, he instead worked "part-time at a restaurant and in customer service at a local soccer club" and attended vocational school to study design and technology. His second try proved more successful and the experience in the drama group helped him score a part in 2015's short film "Fire". Without formal drama school training, Mitchell looks at every project he gets as an "opportunity" to improve his process. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: he's, Ewan Mitchell didn't, he'd, Mitchell, didn't Organizations: New York Times, The Television, Times, CNBC Locations: Nottingham, London

Below, we've outlined everything you need to know about how to watch Paul vs. Perry from anywhere. How to watch Paul vs. Perry in the US & CanadaThe Paul vs. Perry fight will be available on DAZN in the US and Canada. ET, but the Paul vs. Perry main event ring walk won't begin until around midnight. Check price at DAZNHow to watch Paul vs. Perry in the UKDAZN is also the home of Paul vs. Perry in the UK. How to watch Paul vs. Perry from anywhereThe Paul vs. Perry card will be available through DAZN in more than 200 countries, with a comprehensive pricing breakdown available here, which means that you'll most likely be able to tune in.

Persons: Jake Paul's, Mike Tyson, tonight's, Mike Perry, Paul, Perry, Jake, It's, ExpressVPN, Jake Paul, Amanda Serrano, Stevie Morgan, Lucas Bahdi, Tony Aguilar, Corey, Julio Cesar Chavez Jr, Uriah Hall, Natasha Spence, Women's, Julio Solis, Alexis Chaparro, Kevin Hill, Angel Barrientes, Edwin Rodriguez, Ariel Perez, Dane Guerrero Organizations: Business, Amalie Arena, UFC, US, & Canada, Paul Locations: Tyson, Tampa , FL, DAZN, Canada, North America

☆ A boomer gets just $1,056 a month in Social Security and works as a bus driver: 'I don't see myself being able to retire, but I'm grateful and healthy'
▼ + stars: | 2024-07-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Read previewEmma Echols, 68, lives off $1,056 a month in Social Security and a part-time bus driver job in Alabama. Echols has worked since she was 12, working as a chef, a convenience store general manager, and a bus driver. "I always wanted to earn my own money," Echols said. "I always wanted to work, and at the age of 14, someone started my Social Security records for me. AdvertisementHer Social Security is $1,056 a month, a 25% reduction from her potential full benefit because she accepted payments early.

Persons: —, Emma Echols, she's, Echols, I've, hasn't Organizations: Service, Social Security, Business, Survey, Security Locations: Alabama

For Love & Money is a weekly Business Insider column answering relationship and money questions. Write to For Love & Money using this Google form. If your siblings don't already recognize how lucky they are to have you, I assure you they will someday. Another way you can help your siblings when you're gone is to prepare them for it now. Write to For Love & Money using this Google form .

Persons: —, I've, I'm, You've, you've, doesn't Organizations: Service, SNAP, Medicaid

I asked a financial planner whether I should take money out of savings if interest rates drop. I haven't felt ready to follow their advice, especially since my high-yield savings account at Ally Bank has been offering 4% to 5% APY on the money in the account. If that happens, it might make sense for me to move money out of my high-yield savings account. I met with certified financial planner Jake Skelhorn, who shared three things I can do with that cash if interest rates drop. "While more volatile year-to-year, stock market returns have averaged approximately 10%, which is about double what you're getting in a high-yield savings account today."

Persons: it's, they've, haven't, Jake Skelhorn, Skelhorn Organizations: Ally Bank

In America's 20 biggest cities, a 20% down payment ranges from $39,127 in Oklahoma City to $263,392 in San Jose, California. On a $200,000 home, a 3% down payment means you'll need $6,000. FHA mortgage: 3.5%To get an FHA mortgage, you'll need at least a 3.5% down payment. The exact amount you'll pay depends on your down payment and whether you've gotten a VA loan previously. PMI protects lenders on mortgages with high loan-to-value ratios, and it's added to the borrower's monthly mortgage payment.

Persons: you'll, Insider's, Fannie Mae, Freddie Mac, you've, You'll, it's Organizations: Phoenix, Fort, Oklahoma, PMI, Opportunity, National Association of Realtors, Chevron, USDA Locations: Oklahoma City, San Jose , California, Government, York City, NY, Angeles, LA, Chicago, Houston, AZ, Philadelphia, Antonio, Diego, Dallas, Austin, Jacksonville, Jose, Fort Worth , TX, Columbus, Charlotte, NC, Indianapolis, Francisco, Seattle, WA, Denver, homeownership, Chevron

☆ I moved home after college to live with my parents, 3 siblings, and grandpa. It's crowded, but I'm saving money while looking for a job.
▼ + stars: | 2024-07-20 | by ( Luke Macy | ) www.businessinsider.com time to read: +4 min

Read previewIt's hard to feel like you're moving backward in life, but it's a little easier when you're supported by the people you love. Without a job lined up and very little in my savings, I resorted to moving back in with my parents. My parents don't charge me rentIn the spring, I was hopeful about a few jobs, but they didn't work out. We don't always see eye-to-eye, and it's almost impossible not to feel drowned out when I'm younger and in the household's minority viewpoint. They're available to talk about my day, give me advice, or comfort me when I'm really struggling with the job search.

Persons: —, they'd, It's, I've, Luke Macy, Luke Macy It's, I'm, we'll Organizations: Service, Business, Trump, Republican

☆ This Gen Zer traveled to 10 countries in 3 years. Here's how she did it while earning $25 an hour.
▼ + stars: | 2024-07-20 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

Read previewWaiting tables a few months at a time is enough for Celeste Cox to fund her travels to bucket list destinations. The 26-year-old has been to 10 countries since embarking on what she intended to be a gap year in 2021. She's managed to do all of it by working as a waitress in New York City in between her adventures. She prefers Latin American countries since she speaks Portuguese and Spanish, and US dollars typically stretch further in those places. Advertisement"These travels have taught me so much about life and have really given me so much life experience," Cox said,

Persons: —, Celeste Cox, She's, Cox, Dominican Republic —, I'd, Celeste Cox Cox, Zers, Worldpackers, it's, she's, Z, I've, they're, It's Organizations: Service, Business, Hunter College, BI Locations: New York City, touristy, Puerto Rico, Dominican Republic, Brazil, Colombia, Italy, Workaway, it's, America, Sardinia

Here are the best mortgage lenders for first-time homebuyers and the affordable loans they offer, as chosen by Business Insider editors in 2024. If you're a Bank of America Preferred Rewards customer, you can get discountsCheck mark icon A check mark. Offers many unique types of mortgagesCheck mark icon A check mark. Low Cost Mortgages come with only $295 in closing costsCheck mark icon A check mark. Mortgage credit certificatesSome HFAs also offer mortgage credit certificates to first-time homebuyers.

Persons: It's, Chase, Grant, You'll, Carrington, Carrington doesn't, forbearance, HELOC, homebuyers, Truist, doesn't, Flagstar, they're, homeownership, Fannie Mae, Freddie Mac's, you'll, Anthony Park, Molly Grace, Julie Aragon, There's, Lauryn Williams, —, there's, PenFed, USAA, Wells, Wells Fargo, Ally Organizations: Homebuyers Bank of America Mortgage, Mortgage, Chase, Federal Credit Union Mortgage, New, U.S, Bank Mortgage, Federal Savings, Loan, Truist, Flagstar Bank, Business, Bank of America, of America, FHA, Bank, Bank of, Bank of America's, Miami . Bank of America, USDA, Guild Mortgage, Veterans, Navy, Credit, Federal, Navy Federal, Navy Federal Credit Union, Department of Defense, Student Loan, . Bank, US Bank, U.S . Bank, Carrington Mortgage, Carrington Mortgage Services, Consumer Financial Protection, DC, Private Mortgage Insurance, PMI, Down Payments, Quicken, Rocket Mortgage, Rocket, CrossCountry Mortgage, CrossCountry, Loans, Flagstar Bank Mortgage, Federal Housing Finance Agency, Federal Housing Administration, US Department of Housing, Urban, US Department of Veterans Affairs, US Department of Agriculture, Best, Chevron, CFP, Pentagon Federal Credit Union, BBB, Fairway Independent Mortgage Corporation, Veterans United, Movement Mortgage, NBKC, PNC Bank, Better Business Bureau Locations: VA, HELOC, Washington, DC, Charlotte, Dallas, Detroit, Los Angeles, Miami, Delaware, Vermont, Delaware , Vermont, Wyoming, J.D, New York, ., U.S, Massachusetts, North Dakota, Ohio, Florida, California , Colorado , Connecticut, Georgia , Illinois , Indiana , Kentucky, Maryland , Massachusetts , Missouri , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oregon , Pennsylvania, South Carolina , Tennessee, Virginia, Tennessee, Arizona , Alaska, Hawaii, Arizona , California, Florida , Indiana , Michigan , New Jersey , New York , Ohio, Wisconsin, Flagstar, Arizona , California , Connecticut , Idaho , Michigan, Nevada , Ohio, New Mexico, Chevron, Wells Fargo

☆ Why 'Twisters' star Glen Powell is going back to college: 'I'm so close, I can taste it'
▼ + stars: | 2024-07-20 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

Powell attended his hometown University as a teenager, but dropped out to pursue his dream of making it in Hollywood. As he prepares to shoot his newest movie in London, Powell is fitting classes into his schedule. "I'm not going to be sitting in class with other students on the regular," Powell explained. With just a few credits separating him from joining the rest of his family as a UT alumnus, Powell isn't going to let Hollywood stardom stop him. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: you've, Tom Cruise, Sydney Sweeney, Glen Powell, Edgar Wright's, Powell, Edgar, Wright, I'm, Powell isn't Organizations: University of Texas, hometown University, Hollywood Reporter, UT Austin, university's Moody College, OU, Longhorn, Hollywood, CNBC Locations: Austin, Hollywood, London, Texas

☆ The golden age of overemployment is over. Job jugglers are preparing for life with only one income.
▼ + stars: | 2024-07-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +10 min

They've used the extra income to pay off student debt, save for retirement, and afford expensive vacations and weight-loss drugs. Related storiesIn addition to exploring other income streams, Adam said he's trying to take advantage of his extra income while he still can. The best advice he has for anyone who's still overemployed is not to become too dependent on the extra income. "From the start, I made it a point not to integrate the second job income into our bills," he said. Are you secretly working multiple remote jobs at the same time and willing to discuss details about your pay and schedule?

Persons: —, Charles, slowdowns, Charles said he's, I've, They've, overemployment, jugglers, they've, Adam, he's, He'd, Tomas, Charles couldn't, he'd, I'd, Joseph, — Joseph, Luke, who's Organizations: Service, Business, LinkedIn, Bureau, Labor Locations: an Arizona, Georgia, Texas, —

☆ A self-made millionaire who has invested in real estate, stocks, and crypto shares why index funds are the No. 1 way anyone can build wealth
▼ + stars: | 2024-07-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +1 min

Tess Waresmith advises prioritizing stock-market investing over real estate for ease and growth. Waresmith, a financial educator, emphasizes learning the basics of low-cost index funds for wealth. Her diversified portfolio includes rental units, index funds, individual stocks, and crypto assets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . If she could go back, Waresmith says she would've prioritized stock market investing — specifically, buying low-cost index funds — over real estate.

Persons: Tess, —, Tess Waresmith's, Waresmith Organizations: Service, Business Locations: Tampa , Florida

Search resuls for: "Bitcoin Savings

25 mentions found