Today: 5. Nov, 2024
In a significant move for its over six crore subscribers, the Employees’ Provident Fund Organisation (EPFO) has set the interest rate on employees’ provident fund (EPF) deposits at 8.25% for the fiscal year 2023-24. This adjustment marks a three-year peak from the…
In today’s ever-evolving financial landscape, many individuals turn to personal loans as a reliable means to secure $10,000 for significant expenses or to achieve essential financial goals. Personal loans, with their typically more favorable interest rates compared to credit cards, present an…
The world of mortgages witnessed a surprising turn last week. The adjustable-rate mortgage (ARM), a mortgage whose interest rate is periodically adjusted based on specific indices, saw a spike in demand. This move was in direct contrast to the fixed mortgage rates,…
In July, a slight decrease was observed in the unemployment rate of Black workers, mirroring the continued robustness of the broader job market. According to the Labor Department’s announcement on Friday, the rate of joblessness among Black workers dropped to 5.8%, a…
Americans collectively owe close to $1 trillion in credit card debt. According to a recent report on household debt from the Federal Reserve Bank of New York, the total credit card debt reached $986 billion at the beginning of 2023, remaining unchanged…
