Author: IA PressRoom

Our experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page. The bottom line: CIBC Bank USA offers competitive interest rates on savings and CDs, but these accounts work best for people who can deposit a substantial amount upfront. The best high-yield savings accounts pay up to 5.05% APY right now — see how CIBC compares. If you live in Illinois, Michigan, Missouri, or Wisconsin, the bank’s iCan Checking…

Dutch senators have approved a major overhaul of the country’s pension system, which is expected to lead to big changes in asset allocation for the €1.45tn sector.The new law was passed late on Tuesday after lengthy debate in the senate, the Netherlands’ upper house of parliament. It means that the country’s occupational pension system will move from a “defined benefit” to a “defined contribution” model in which pension funds no longer make retirement income promises to members. Instead, members will pay into individual accounts, with income levels more dependent on investment returns and contributions. Funds can also offer collective DC…

2/2 © Reuters. FILE PHOTO: President Joe Biden shakes hands with House Speaker Kevin McCarthy of Calif., after the State of the Union address to a joint session of Congress at the Capitol, Tuesday, Feb. 7, 2023, in Washington. Jacquelyn Martin/Pool via REUTERS/File Ph 2/2 By Moira Warburton and David Morgan WASHINGTON (Reuters) – Top congressional Republican Kevin McCarthy on Tuesday urged members of his party to support a bipartisan deal to lift the $31.4 trillion U.S. debt ceiling, and a key party hardliner said he would likely support the measure in a critical procedural vote. The gatekeeper House of…

© Reuters. Sportsmans Warehouse stock drops 5% on Q1 miss Sportsmans Warehouse (NASDAQ:) shares fell more than 5% after-hours following the company’s reported , with EPS of ($0.39) coming in worse than the consensus estimate of $0.03. Revenue was $267.5 million, missing the consensus estimate of $319.67M, primarily due to lower sales demand from weather-related headwinds in the Western United States leading to decreased outdoor participation, consumer inflationary pressures and recession concerns, partially offset by the opening of 11 new stores since April 30, 2022. Same-store sales fell 17.8% year-over-year. The company expects Q2/24 EPS in the range of $0.02-$0.15, compared…

2/2 © 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 2/2 By Valerie Volcovici and Timothy Gardner WASHINGTON (Reuters) – The bipartisan U.S. debt deal’s provisions to speed up energy infrastructure permitting will make it easier to build fossil fuel and clean energy projects but failed to tackle the mammoth issue of building transmission and pipelines needed to get their production to consumers. The Biden…

Conservative Republicans are opposing the bipartisan agreement to raise the U.S. debt ceiling, which could result in a U.S. default if it doesn’t pass its first test in Congress.Both President Joe Biden, a Democrat, and the leading Republican figure in Congress, House Speaker Kevin McCarthy, anticipate the requisite votes to enact the bill before June 5.With debt default looming and financial markets on edge, what are the best cryptos to buy now?Representative Ralph Norman, a right-leaning member of the House Freedom Caucus, expressed strong opposition should the bill remain unaltered.Norman, alongside two other conservatives in the 13-member panel, possesses the…

House Oversight Committee Chairman James Comer is taking steps to hold FBI Director Christopher Wray in contempt of Congress after the Bureau notified the panel it will not comply with its subpoena related to a possible criminal scheme involving then-Vice President Joe Biden.Comer, R-Ky., has subpoenaed the FBI for a document that allegedly describes a criminal scheme involving Biden and a foreign national and relating to the exchange of money for policy decisions. The document is an FBI-generated FD-1023 form. FBI Director Christopher Wray speaks during a news conference on Aug. 10, 2022, in Omaha, Nebraska. (AP Photo/Charlie Neibergall, File)Comer first subpoenaed the document…

XS Financial GAAP EPS of -$0.02, revenue of $2.8M

Our experts answer readers’ personal loan questions and write unbiased product reviews (here’s how we assess personal loans). In some cases, we receive a commission from our partners; however, our opinions are our own. The average overall interest rate for debt consolidation loans this past week was 18.25%, down seven basis points from two weeks ago. The best debt consolidation rates were as low as 5.99%.Borrowers with credit scores below 620 got loans with average rates of 24.51%, while those with scores above 720 got loans with average rates of 15.28%.You can take out a personal loan to pay for…

Regions Bank, whose headquarters is in Alabama, is the largest bank by in-state deposits in Alabama … [+] and Mississippi.getty The year 2023 has been a tough one on the banking sector. First, Silicon Valley Bank failed in March 2023, only to be followed in due course by Signature Bank SBNY and the seizure of First Republic Bank FRC in May 2023. For the majority of depositors, whose deposits are typically less than $250,000, their money is insured by the FDIC, so these bank failures didn’t wipe them out completely. But for those depositors who did have amounts in these…