Author: IA PressRoom

TD Bank’s No-Interest Credit Card: Niche Product or Trendsetter? TD Bank is offering a new credit card called TD Clear that charges exactly 0% on revolving balances. This is not a loss leader. Neither is this a charge card, like the traditional American Express Green Card, which requires monthly repayment unless the cardholder taps a special credit line. Instead of charging interest, TD Bank assesses a monthly fee in exchange for providing a bare bones credit line. For $10 per month, consumers can obtain a $1,000 line with a $45 minimum monthly payment. For $20 per month, the cardholder gets…

© Reuters. FILE PHOTO: Airbnb logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration By Doyinsola Oladipo NEW YORK (Reuters) – Airbnb Inc on Thursday filed a lawsuit against New York City over a new law it called a “de facto ban” against short-term rentals set to go into effect in July, which the company says will limit the number of people who can host rentals in the city. City councils around the United States are increasingly introducing ordinances to regulate short-term rentals, which in some cases will require hosts to obtain licenses and pay registration…

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON (Reuters) -A bill backed by debt justice campaigners and civil society groups advocating on behalf of economically distressed countries could alter past and future sovereign debt restructurings covered by New York state law – and Wall Street is watching. These are some key points about the bill. WHAT DOES THE BILL PROPOSE? Senate Bill S4747, the NY Taxpayer and International Debt Crises Protection Act, “relates to New York state’s support of international…

© Reuters. FILE PHOTO: A newly installed pole for transmission lines for the New England Clean Energy Connect project (also known as the Clean Energy Corridor), which will bring hydroelectric power to the New England power grid, stand next to existing power lines in (Reuters) – New England is expected to have enough resources this summer to meet consumer demand for power in normal weather conditions, the region’s independent electricity operator said on Thursday. ISO New England forecast electricity demand of about 24,605 megawatts (MW) this summer, compared to last year’s peak demand of 24,780 MW. Above-average summer weather, such…

Image Source: PinterestArt collectors and fans of the cult science fiction film Alien will have a chance to purchase a fractionalized digital artwork of a rare sculpture by the late Swiss artist H.R. Giger. Digital art platform Particle, which uses blockchain technology to offer fractionalized ownership of culturally significant artworks, will conduct the sale, according to the company’s website.  The sculpture, dubbed “Necronom/Alien III, 2005”, is one of a collection of six statutes, but the only one made by Giger himself. It is valued at more than $240,000, and Particle has divided its ownership into 500 digital “particles” that will be sold as non-fungible…

House Speaker Kevin McCarthy pauses during a news conference at the Capitol on Wednesday night. Jonathan Ernst/ReutersRep. Ken Buck told CNN after the debt limit deal passed the House that conservatives will be having discussions about ousting Speaker Kevin McCarthy “in the next week or two,” although he didn’t commit to following through with that threat.“The discussion about the motion to vacate is going to happen in the next week or two,” Buck, who opposed the debt limit deal, told reporters Wednesday.Buck added that he has received calls from constituents about removing McCarthy from the speakership. “My constituents are furious and…

As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors to rent, or also known as built-for-rent homes, hit a new record in 2022, according to a new report from apartment search website RentCafe. The data was provided by real-estate market data company Yardi Matrix. More…

getty For company leaders, managing cash flow and working capital is crucial to ensure that their teams have the necessary resources to drive business growth. Effective management of financial resources enables leaders to meet operational expenses, invest in strategic initiatives and seize growth opportunities. Below, Forbes Finance Council members share key strategies company leaders can employ to effectively manage their cash flow and working capital. From maintaining a robust cash flow forecasting system and optimizing inventory management to implementing efficient accounts receivable and payable practices, these strategies empower leaders to maintain financial stability and allocate resources strategically. 1. Focus On…

Pride month has become a fixture in US marketing calendars, as June presents companies with an opportunity to signal to employees and consumers that they value diversity over discrimination.That has changed this year, with a bitter culture war over the rights of gay and transgender people turning a routine branding opportunity into a fraught and costly test of companies’ commitments.More than a year after Disney became embroiled in a feud with Florida governor Ron DeSantis over Republican legislation limiting what schools may teach on sexual orientation and gender identity, other brands are finding themselves the focus of conservative ire for…

© Reuters. FILE PHOTO: France’s President Emmanuel Macron and French Minister for the Economy and Finances Bruno Le Maire meet with managing directors of sovereign funds at the 6th edition of the “Choose France” Summit at the Chateau de Versailles, outside Paris, Fr By Leigh Thomas PARIS (Reuters) – President Emmanuel Macron has loosened labour laws and cut taxes among other reforms to transform the economy, but has not broken France’s addiction to spending big to buy social peace. Eager to turn the page on months of protests against his plans to raise the retirement age by two years to…