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Forbes
2h
231
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High-Yield Savings Account Rates Today: June 2, 2025 – Rates Are Steady
- High-yield savings account rates remain steady, with no change from last week. The highest rate available is 5.84% on a standard savings account with a $2,500 minimum deposit.
- Online banks and credit unions typically offer higher interest rates compared to traditional brick-and-mortar banks. The average APY for a traditional savings account is 0.22%.
- For high-yield savings accounts requiring a minimum deposit of $10,000, the best interest rate is currently 4.88%, with an average APY of 0.23%. Accounts with a $25,000 minimum deposit offer rates around 4.21%.
- When choosing a savings account, consider factors like minimum deposit requirements, fees, and the financial institution's reputation. Look for FDIC or NCUA insurance for added protection.
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Forbes
2h
316
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Mortgage Rates Today: June 2, 2025 – 30-Year Rates Steady, 15-Year Rates Down
- Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.86%, down 1.07% from the previous week.
- A 15-year fixed mortgage, with an average APR of 5.90%, could result in lower interest costs, although monthly payments will be higher due to the shorter loan term.
- Refinancing options are available with the average refinance rate being mentioned in the article.
- The total interest paid on a $100,000 30-year loan at 6.86% would amount to $136,903.
- For a 15-year mortgage at 5.85%, the total interest paid on a $100,000 loan would be approximately $50,943.
- The current average rate on a 30-year fixed-rate jumbo mortgage is 7.5%.
- Mortgage rates fluctuated following events such as the Federal Reserve rate cuts and global economic conditions.
- Predictions suggest modest changes in mortgage rates in the near future.
- Factors affecting mortgage rates include U.S. Treasury bond yields, Federal Reserve decisions, and global economic events.
- Improving financial factors like credit score, debt-to-income ratio, and down payment amount can help secure competitive mortgage rates.
- Different loan options such as conventional, FHA, USDA, and VA loans cater to various financial situations and eligibility criteria for home buyers.
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Forbes
2h
81
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Money Market Interest Rates Today: June 2, 2025 – Rates At 4.89%
- The current average money market rate is 0.53%, with the highest rate being 4.89% as per Curinos.
- Money market accounts (MMAs) are interest-bearing deposit accounts that can be opened at banks or credit unions, insured up to $250,000 per depositor by FDIC at banks or NCUA at credit unions.
- MMAs offer higher interest rates than typical savings accounts but may require higher minimum deposits and balances. They allow flexibility in depositing, withdrawing funds, and some may have transaction limitations per statement period.
- Before opening an MMA, it's advisable to compare options from different institutions, considering factors like minimum balance requirements, fees, withdrawal limits, and APYs. Application processes typically require personal information and initial deposits.
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Forbes
2h
179
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Current HELOC & Home Equity Loan Rates: June 2, 2025
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan allowing homeowners to borrow up to 85% of their home’s value and pay it back in monthly installments. A HELOC is a variable-rate second mortgage that utilizes the home’s value as a revolving line of credit.
- Both options use the property as collateral, enabling the lender to seize the property if the borrower cannot repay the borrowed amount. HELOCs can be utilized for various projects and financial needs, with options ranging from $100K for medium-sized projects to $500K for substantial financing requirements.
- Various term lengths, such as 5, 10, 15, 20, and 30 years, offer different repayment options to borrowers based on their financial goals. Shorter terms provide quicker payoffs with higher monthly payments, while longer terms offer lower monthly payments suitable for larger investments and long-term planning.
- Home equity is the portion of the home that the owner possesses, calculated by deducting the mortgage balance from the home's appraised value. HELOCs allow homeowners to access this equity through a revolving line of credit, enabling them to borrow as needed and pay interest solely on the amount utilized.
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Forbes
2h
280
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CD Rates Today: June 2, 2025 – Take Home Up To 5.02%
- CD rates today can go up to 5.02% based on certificate term lengths, offering higher yields compared to high-yield savings accounts.
- A CD is a type of savings account with a fixed interest rate for a specific period, but early withdrawals may incur penalties.
- Interest rates on three-month CDs range up to 4.67%, with the average rate at 1.3%.
- For a six-month CD, the highest yield available is 4.94%, with an average APR of 1.77%.
- The top rate for a one-year CD is 5.02%, offering a good deal compared to the average APY of 1.83%.
- Two-year CDs provide rates as high as 4.52%, while three-year CDs reach up to 4.27%.
- For a five-year CD, the highest rate is 4.26%, and understanding the early withdrawal penalty is crucial.
- Jumbo CDs offer rates up to 4.94% for a 6-month term, with digital banks often providing competitive yields.
- CDs typically require a minimum deposit and do not allow additions once the term begins, with strict penalties for early withdrawals.
- CDs are considered relatively safe investments compared to stocks or real estate, with FDIC insurance providing up to $250,000 in coverage.
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TechBullion
2h
83
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The Future AI And Content Marketing: PRNEWS.IO CEO on Innovation, Job Security, and Profitable Strategies for Content Marketing Professionals
- Alexander Storozhuk, founder of PRNEWS, discusses AI's impact on content marketing, highlighting the importance of human creativity and authenticity alongside automation and data analysis.
- Storozhuk emphasizes that trust, storytelling, and credibility are indispensable in content marketing, suggesting AI should be viewed as a supportive tool rather than a replacement for human expertise.
- AI enhances efficiency in tasks like data analysis and optimization but cannot replicate the qualities of human-driven content such as editorial integrity and emotional connection.
- Marketers should leverage AI for personalization and optimization while maintaining a focus on credibility, quality, and building relationships with publishers.
- PRNEWS combines AI technology with human editorial oversight to ensure authenticity and quality in content creation and distribution.
- While AI can aid in research and insights generation, human creativity is crucial for crafting compelling narratives and establishing brand authenticity.
- Challenges in AI-driven content marketing include credibility issues, lack of human touch, and the need for editorial review to maintain audience trust.
- The future of content marketing will involve smarter analytics, more personalized content, and innovative formats like AI-generated visuals and interactive experiences.
- PRNEWS.IO views AI as a supportive tool to enhance efficiency and strategy while recognizing that human elements like storytelling and trust are irreplaceable.
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Insider
3h
236
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An EY talent leader's 4 pieces of advice for new graduates entering the job market
- EY's global talent leader, Irmgard Naudin ten Cate, has 4 pieces of advice for new college graduates entering the workforce.
- Her tips focus on emphasizing soft skills, utilizing AI responsibly, networking early and often, and trying out job simulations.
- Naudin ten Cate highlights the importance of showcasing soft skills like curiosity, adaptability, and influence negotiation in job applications and interviews.
- She also encourages using AI for job research, networking purposefully with peers and professionals, and gaining job insights through virtual simulations or online courses.
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HRKatha
2h
317
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2,200 government employees removed from ‘CM Majhi Ladki Bahin’ scheme
- Over 2,200 ineligible women beneficiaries, who were government employees, removed from 'CM Majhi Ladki Bahin' scheme in Maharashtra.
- The scheme offers Rs 1,500 monthly financial assistance to women aged 21-65 from economically weaker sections, but government employees are not eligible.
- An internal audit discovered that ineligible employees had been receiving benefits since June 2023, with uncertainty on funds recovery.
- State government is conducting verifications to eliminate ineligible beneficiaries and ensuring only deserving women receive support.
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Forbes
2h
35
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Today’s Mortgage Refinance Rates: June 2, 2025 – Rates Hold Steady
- Today's 30-year fixed refinance mortgage rates remain steady at 6.91% with 15-year and 20-year rates at 5.84% and 6.78% respectively.
- The APR on a 30-year fixed refinance is 6.94%, down from last week's 7.02%, resulting in $659 monthly payment for a $100,000 loan.
- For a 20-year fixed refinance mortgage, the APR is 6.81%, compared to 6.91% last week, with $762 monthly payment for a $100,000 loan.
- A 15-year fixed refinance mortgage averages 5.84%, equating to $835 monthly payment for a $100,000 loan.
- Jumbo mortgage refinance rates stand at 7.61% for 30-year and 6.28% for 15-year fixed rates.
- Refinance rates are slightly higher than mortgage rates; conventional, FHA, VA, and jumbo loans carry different rates.
- Considering reasons to refinance: lower interest rates, reduce monthly payments, pay off the loan sooner, access equity, and eliminate PMI.
- Experts predict stable mortgage rates in the first half of 2025, possibly decreasing in the second half if inflation slows and unemployment rises.
- Improving credit score and reducing loan balance are recommended strategies to secure the lowest possible rate when refinancing later.
- Regularly checking fluctuating mortgage rates and using calculators could help in determining the best refinancing options.
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HRKatha
2h
82
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Premium beverage withdrawn as employees misuse privilege
- A company introduced a premium beverage facility to enhance workplace satisfaction but had to withdraw it within two months due to misuse by employees.
- Employees overdid their coffee breaks, crowded around the machines, consumed multiple cups at a time, and even blocked access for others, resulting in chaos and ingrouping within teams.
- Supplies meant to last for months ran out in a few weeks, causing delays in meetings, decreased productivity, and dissatisfaction among workers, leading to the discontinuation of the service.
- This incident serves as a reminder of how well-intentioned initiatives can backfire without proper controls in place, highlighting the importance of managing resources effectively in the workplace.
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HRKatha
4h
274
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Air India transforms workforce to drive modernisation, growth
- Air India is undergoing a significant workforce transformation to become a modern, efficient, and customer-focused airline under Tata Group's ownership.
- The airline has reduced the average age of non-flying staff to 35 and cabin crew to 29 through a combination of recruitment, exits, and merger integration.
- Around 1,500 pilots have been recruited post-privatization to meet operational needs and regulatory requirements for higher crew availability.
- The influx of younger employees with digital skills is enhancing service quality, while experienced staff are guiding the transition process, ensuring a balanced work culture for Air India's expansion plans.
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HRKatha
6h
281
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How Birlasoft is shaping capabilities for an AI-Powered world
- Birlasoft is preparing employees for jobs in an AI-Powered world with a focus on agility and human skills like creativity and problem-solving.
- The company redesigned its training programs to complement AI by emphasizing skills such as complex problem-solving and creativity.
- Birlasoft has democratized AI literacy across all business functions and established a Generative AI Academy for training.
- Leadership development at Birlasoft includes emotional intelligence and storytelling to navigate digital transformation.
- The company is experimenting with AI-powered coaching tools to provide employees with guidance and support.
- Birlasoft's campus-to-corporate program bridges the gap between academic learning and professional requirements for new graduates.
- The company focuses on long-term development by combining technical training with essential behavioral skills.
- Birlasoft evaluates training effectiveness based on efficiency, effectiveness, and outcomes, monitoring employees' career growth and market value.
- The company emphasizes collaboration in upskilling programs to develop trust, alignment, and problem-solving abilities.
- Birlasoft's approach focuses on continuous learning as a professional competency to build a workforce that can adapt and thrive in the face of evolving technology.
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HRKatha
6h
101
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Myntra prepares for sale, demand surge; takes on 20,000 gig workers
- Myntra is gearing up for its End of Reason (EOR) sale with a surge in demand, adding 20,000 gig workers including delivery partners and customer-service agents.
- During the 22nd edition of the EOR sale, focusing on customer satisfaction is a key priority along with creating job opportunities from 31 May to 12 June 2025.
- Myntra's workforce at its warehouse includes a significant 22% of women involved in grading, sorting, and packing items for delivery across metros like Delhi, Mumbai, Kolkata, and Bengaluru.
- Myntra has been expanding its business with recent funds raised and is not only growing in India but also internationally, making significant strides in employee care with initiatives like MynShield insurance programme.
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HRKatha
7h
130
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N Venu is now MD, India, Hitachi
- N Venu has been appointed as the Managing Director of Hitachi India
- Venu Nuguri, with over three decades of experience, has held various leadership positions at ABB and Hitachi Energy
- In his new role, Venu will focus on expanding Hitachi's presence in India in alignment with the company's Inspire 2027 management plan
- Hitachi aims to strengthen its business in India under Venu's leadership, as the company witnesses expansion in various sectors
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HRKatha
10h
335
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Satish Singh elevated to CPO, PNB Housing Finance
- Satish Singh has been elevated to the position of chief people officer (CPO) at PNB Housing Finance.
- Singh has over 13 years of experience with PNB Housing Finance, starting as national head-human resources in 2011 and later serving as chief operating officer (COO) in 2022.
- Prior to joining PNB Housing Finance, Singh held HR roles at JSW Steel and Bharti AXA General Insurance.
- In his new role as CPO, Satish Singh aims to innovate HR, learning and development, general administration, corporate social responsibility, and environmental, social, and governance practices at the company.
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