Author: IA PressRoom

Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page. Giving your kids the summer break they want might be more expensive this year. This is a good chance to talk to your kids about money and the actual cost of what they want. It’s a good idea to make saving for your kids’ summer a part of your year-round saving plan. Loading Something is loading. Thanks for signing…

The world’s largest mining company BHP said it underpaid almost 30,000 workers over a 13-year period, in an error that will cost at least $280mn (A$430mn) to redress.BHP said it had incorrectly deducted leave from thousands of staff that worked on a public holiday since 2010, when a change to employment laws was implemented but not integrated into its payroll systems. The statement from the company comes during a debate in Australia over raising wages as inflation goes up. The country’s central bank warned last week that rising salaries would fuel inflation without a corresponding increase in productivity. It is another reputational…

© Reuters. FILE PHOTO: Local children play on Japan’s westernmost inhabited Yonaguni Island in Yonaguni, Okinawa prefecture, Japan, October 26, 2021. Picture taken October 26, 2021. REUTERS/Issei Kato By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Thursday that the government would issue special bonds aimed at filling a projected funding gap as it boosts child care support towards 2030, as the proportion of young people in the population falls more sharply. Kishida has made new child care measures one of the top items on the agenda of his government’s mid-year economic policy roadmap due out this…

© Reuters. Dollar General (DG) tumbles 8% on earnings miss, outlook cut Dollar General (NYSE:) shares fell 8% in premarket Thursday after the company’s Q1 results trailed analyst expectations. The company EPS of $2.34 on revenue of $9.3 billion, missing analyst targets for a profit of $2.39 on revenue of $9.47B. Comparable sales rose only 1.6%, much slower than the expected increase of 3.8%. “While the macroeconomic environment has been more challenging than expected, particularly for our core customer, we are confident in Dollar General’s ability to deliver strong growth in the years ahead, despite the near-term pressure which impacted…

© Reuters. FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger// By Ahmad Ghaddar and Maha El Dahan LONDON/DUBAI (Reuters) – OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters.     OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world’s crude and supplies…

Pixabay / JanDyrdaThe 2023 crypto cycle has been dominated by eye-catching crypto narratives garnering immense traction – sending low cap altcoins surging, perhaps none have been more spectacular than the bullish ‘Chinese narrative’.On the back of huge news about the progress of Hong Kong’s new retail-level crypto regulatory regime, which has defied expectations to win the support of Beijing in its ambition to become a global crypto hub.The Chinese narrative was ignited back in February, with long-standing Chinese oriented crypto projects such as NEO, FIL, and CFX all enjoying monstrous price pumps.Indeed, Conflux Network rode an eye-watering 850% pump between…

CNN  —  FBI Director Christopher Wray on Wednesday offered to let House Oversight Chair James Comer view an internal law enforcement document at FBI headquarters that Republicans believe will shed light on an allegation that then-Vice President Joe Biden was involved in a criminal scheme with a foreign national, the chairman said in a statement. The document has origins in a tranche of documents that Rudy Giuliani provided to the Justice Department in 2020, people briefed on the matter said. The allegations of wrongdoing by the then-vice president, many originating from sources in Ukraine, were dubious enough that Attorney General…

Eurozone inflation fell more than expected in May on slowing food and declining energy prices, as underlying pressures also eased, welcome news for the European Central Bank which could be approaching the end of its tightening cycle. The eurozone’s consumer price index increased 6.1% in May on year, tumbling from a 7.0% rise in April, preliminary data from the European Union’s statistics agency Eurostat showed Thursday, the lowest level since February 2022. The reading also came in below the 6.4% consensus forecast from economists…

How do you stack up against others in retirement? (Photo by Sean Gallup)Getty Images We all naturally wonder how we stack up against each other – are we the average height, weight, etc? Are we the average age to get married? When it comes to retirement, there are many questions to ponder – if you have the average amount of savings, or if you’ll retire at the average age for example. Retirement Savings Averages If you’d like to know where you stack up against the average for retirement savings, for those 65 and older, the average savings balance is $407,581.…

3/3 © Reuters. U.S. Senate Majority Leader Chuck Schumer (D-NY) arrives for his news conference after the weekly Senate Democratic caucus policy luncheon at the U.S. Capitol in Washington, U.S. May 31, 2023. REUTERS/Jonathan Ernst 2/3 By Richard Cowan and David Morgan WASHINGTON (Reuters) – The U.S. Senate on Thursday was set to take up a bill to lift the government’s $31.4 trillion debt ceiling, with just four days left to pass the measure and send it to Democratic President Joe Biden to sign, averting a catastrophic default. The top Democrat and Republican in chamber vowed to do all they…