A naukri.com initiative
Strategy News
Forbes
1w
277
Image Credit: Forbes
CD Rates Today: May 6, 2025 – Earn As Much As 5.02%
- CD rates today can go as high as 5.02%, varying by term and are likely to decrease as the Federal Reserve lowers rates.
- CDs offer fixed interest rates and maturity periods, with penalties for early withdrawal, sometimes equivalent to losing a year's worth of interest.
- Short-term CDs for three months have highest rates at 4.67%, while six-month CDs offer rates up to 4.94%.
- One-year CD rates peak at 5.02%, with an average APY of 1.83%. Two-year CD rates can reach 4.52%.
- Three and five-year CDs offer rates up to 4.27% and 4.26%, respectively, with varying penalties for early withdrawal.
- Jumbo CDs for 6-month term offer 4.94%, requiring a minimum deposit of $100,000, and online banks tend to offer higher rates.
- CD rates vary among banks, so it's advisable to compare rates before opening an account, considering term length and deposit requirements.
- CDs are considered safer than riskier investments such as stocks, real estate, or cryptocurrencies, backed by FDIC insurance for up to $250,000.
- It is crucial to understand the specific terms and penalties of a CD before investing, as early withdrawals may lead to substantial financial loss.
- CDs provide a secure investment option with competitive interest rates, offering a stable return compared to other investment avenues.
Read Full Article
16 Likes
Forbes
1w
316
Image Credit: Forbes
High-Yield Savings Account Rates Today: May 6, 2025 – Rates Are Steady
- Rates on high-yield savings accounts remain steady compared to a week ago, with the highest yield reaching 5.84% on a $2,500 minimum deposit.
- Traditional savings accounts are offering an average annual percentage yield (APY) of 0.22%, while high-yield accounts can provide considerably higher returns.
- The best interest rate on high-yield accounts requiring a $10,000 minimum deposit is 4.88%, with an average APY of 0.23%.
- When considering a high-yield savings account, look beyond the interest rate to factors like minimum deposit requirements, fees, and the reputation of the financial institution.
Read Full Article
19 Likes
Forbes
1w
316
Image Credit: Forbes
Money Market Interest Rates Today: May 6, 2025 – Rates At 4.89%
- The current average money market rate is 0.53%, with the highest rate at 4.89% based on information from Curinos.
- Money market accounts (MMAs) are interest-bearing deposit accounts offered by banks and credit unions, with deposits insured up to $250,000 per depositor by the FDIC or NCUA.
- MMAs allow funds to earn interest, offer flexibility for withdrawals or deposits, and may have check writing or debit card features. However, transaction limits per statement period can apply.
- When considering opening a MMA, compare offerings from different financial institutions, including minimum balance requirements, fees, withdrawal limits, APYs, and conditions for earning the highest interest rates.
Read Full Article
19 Likes
Forbes
1w
409
Image Credit: Forbes
Today’s HELOC & Home Equity Loan Rates: May 6, 2025
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes, with HELOC being a variable-rate second mortgage drawing on home value as a line of credit.
- Different options like 5-year, 10-year, 15-year, 20-year, and 30-year terms offer varying repayment periods and monthly payments suited for different borrowing needs and financial goals.
- Home equity represents the portion of your home that you own compared to what the bank or mortgage lender owns, allowing you to utilize it for various purposes like home improvements, debt consolidation, and more.
- Calculating home equity involves subtracting the current mortgage balance from the home's current value, determining the amount that can be accessed for major financial needs while also considering loan-to-value ratio limits set by lenders.
Read Full Article
24 Likes
Forbes
1w
204
Image Credit: Forbes
Mortgage Rates Today: May 6, 2025 – Rates Remain Fairly Steady
- The average interest rate on a 30-year fixed mortgage is 6.83%, slightly up from 6.77% the previous week.
- For those looking to pay off their homes faster, the average rate on a 15-year fixed mortgage is 5.77%, down 1.08% from last week.
- Consider comparing your existing mortgage rate with current market rates before refinancing to ensure it's worth the cost.
- The APR on a 30-year fixed-rate mortgage is 6.86%, higher than the 6.8% recorded last week.
- A $100,000 30-year fixed-rate mortgage at 6.83% would cost approximately $654 per month in principal and interest, totaling around $136,206 in interest over the loan's life.
- Today's 15-year fixed mortgage rate stands at 5.77%, with an APR of 5.82%.
- A $100,000 15-year fixed-rate mortgage at 5.77% would amount to a monthly payment of $832, resulting in around $50,188 in total interest.
- The average interest rate on a 30-year fixed jumbo mortgage is 7.24%, higher by 0.63% compared to the previous week.
- Economic factors influence mortgage rates, making it difficult to predict significant drops in rates in the near future.
- Global events and Federal Reserve decisions play significant roles in impacting mortgage rates.
- To get better mortgage rates, maintain good credit, low debt-to-income ratio, and explore loan programs without additional charges.
Read Full Article
12 Likes
Forbes
1w
145
Image Credit: Forbes
Mortgage Refinance Rates Today: May 6, 2025 – Rates Advance Higher
- Today's 30-year fixed refinance rate is at 6.92%, with the 15-year rate at 5.76% and 20-year at 6.71%.
- The APR for a 30-year fixed mortgage is 6.95%, and for a 20-year fixed mortgage, it is 6.75%.
- On a $100,000 30-year mortgage, monthly payments would be $660 with total interest costs of about $138,325.
- For a 20-year mortgage at the same amount, monthly payments would be $758 with total interest around $82,445.
- A 15-year refinance rate is 5.76%, costing $831 per month with approximately $50,053 in total interest.
- Jumbo mortgage refinance rates for 30-year fixed are at 7.27%, and for 15-year fixed are at 6.43%.
- Refinance rates are typically slightly higher than purchase rates, varying from 0.01% to 0.15%.
- Important factors for refinancing decision include interest rates, loan terms, and potential savings.
- Considerations such as closing costs, equity usage, and PMI elimination play a role in refinancing decisions.
- Mortgage refinance calculator can help assess the feasibility of refinancing based on individual circumstances.
- Forecast predicts minimal changes in mortgage rates in the first half of 2025, influenced by economic factors like inflation and unemployment rates.
- Improving credit scores and payment punctuality are recommended strategies for securing favorable refinance rates.
Read Full Article
8 Likes
Forbes
1w
392
Image Credit: Forbes
This Week’s Personal Loan Rates: May 6, 2025—Rates Are On The Rise
- Rates on personal loans are increasing, with the average fixed rate on a three-year loan for well-qualified borrowers at 14.39% and a five-year loan at 20.39% as of May 3, 2025.
- Personal loan rates fluctuate based on credit score and other factors, with higher credit scores generally leading to lower interest rates.
- Lenders determine and set their own personal loan rates, so it's important to compare rates from different lenders to secure the best deal.
- When considering a personal loan, it's advisable to assess the necessity, understand the loan requirements, and compare offers from various institutions.
Read Full Article
23 Likes
Bitcoinist
1w
243
Image Credit: Bitcoinist
Strategy Starts May With $180 Million Bitcoin Purchase—Will Larger Buys Follow?
- Strategy chairman Michael Saylor announces the purchase of 1,895 BTC, bringing the firm's total holdings to 555,450 BTC.
- The recent $180.3 million Bitcoin purchase in May is the first of the month for Strategy, hinting at potential larger buys based on past patterns.
- CryptoQuant analyst Maartunn notes that Strategy's Bitcoin reserve currently holds a profit of about 38% with a cost basis of $68,550.
- Analysis of the Bitcoin Composite Volatility Index by CryptoQuant author Axel Adler Jr suggests an accumulation phase for investors, with the BTC price rebounding to $94,800 after a pullback.
Read Full Article
14 Likes
HRKatha
1w
138
Image Credit: HRKatha
PwC cuts 1,500 jobs in the US amid business restructuring
- PwC has announced a significant round of layoffs in the US, cutting around 1,500 jobs, approximately two per cent of its US workforce.
- Layoffs primarily impact PwC’s audit and tax divisions due to slowing demand, with many affected employees being recently joined or in early roles.
- PwC conducted internal reviews and redeployed staff before resorting to job cuts because of persistently low staff turnover and imbalanced workforce needs.
- The move follows industry trends, with other Big Four firms also downsizing US workforces due to sluggish attrition rates and subdued demand in consulting.
Read Full Article
7 Likes
Medium
1w
341
Image Credit: Medium
Why Good Ideas Die — and How to Get Yours to Stick
- Turning insight into action is crucial for ideas to stick, requiring human work beyond just data and strategy.
- Building trust, understanding decision-makers' priorities, and framing ideas based on value created are key strategies.
- Data is important, but emotional storytelling and socializing ideas before pitching are equally essential.
- Tailoring the approach to the audience, carrying confidence, and rallying people around a shared goal are effective ways to move ideas forward.
Read Full Article
20 Likes
HRKatha
1w
46
Image Credit: HRKatha
Good Glamm Group delays salaries and settlements amid financial crisis
- The Good Glamm Group, a beauty and content platform, is facing financial distress, leading to delayed salaries for April and unsettled payments for employees laid off.
- Employee salaries for April are postponed and will be paid alongside May salaries by June, raising uncertainty, especially for former employees awaiting settlements.
- The company's cash flow crisis has already caused delays in salary payments in previous months, and recent layoffs have affected 15% of the workforce as part of efforts to achieve profitability by FY25.
- Leadership changes with co-founder and CFO stepping down, new leaders stepping in, and plans to restructure operations and raise funds of Rs 250-500 crore, including a potential sale of key brands to cover liabilities.
Read Full Article
2 Likes
HRKatha
1w
21
Image Credit: HRKatha
How IKEA India builds gender balance into its business model
- IKEA India has successfully integrated gender balance into its business model, with approximately 45% female co-workers overall and 60% women in senior leadership positions.
- The company's approach involves systemic integration of gender equality throughout the organization, making it foundational rather than aspirational.
- Recruitment at IKEA focuses on reimagining traditionally gender-segregated roles in India and ensuring authentic representation through co-created materials.
- The company promotes gender equality by redesigning work environments to be inherently equitable, instead of relying on rigid quotas.
- IKEA conducts regular pay audits, offers transparent salary structures, and raises awareness about equal pay to address gendered work value perceptions.
- The predictable five-day workweek and flexible shift-swapping policies at IKEA help employees balance professional and personal responsibilities effectively.
- IKEA's gender-neutral parental leave and on-site childcare facilities signal shared caregiving responsibilities, supporting women's career advancement.
- The company's comprehensive integration of gender equality principles throughout the employee lifecycle, from recruitment to career advancement, drives success.
- IKEA's approach includes unconscious bias training, succession planning for gender representation, and development opportunities for high-potential female employees.
- By treating gender balance as a fundamental operating principle rather than a separate initiative, IKEA has created a model that delivers measurable results.
- In a business environment where diversity initiatives often lack structural reforms, IKEA's approach offers a compelling alternative focused on consistent and effective practices.
Read Full Article
1 Like
HRKatha
1w
406
Image Credit: HRKatha
Oracle to skill 4 lakh students in Andhra Pradesh, make them employable
- Oracle and Andhra Pradesh State Skill Development Corporation (APSSDC) collaborate to provide skills development training to four lakh students in Andhra Pradesh to enhance their employability.
- The training will be delivered through Oracle MyLearn platform, offering access to digital training material and foundational certifications in various technologies like Oracle Cloud Infrastructure, AI services, Data Science, DevOps, and Security.
- The initiative aims to create a highly-skilled IT workforce in Andhra Pradesh, offering training in cloud technologies, professional-level certifications, and additional training tailored to individual learning levels and educational goals.
- Students will also earn badges showcasing their readiness for specialized job roles, facilitating their job placement within the state.
Read Full Article
24 Likes
HRKatha
1w
217
Image Credit: HRKatha
Leadership reorganisation at Stellantis India for more agility
- Stellantis India announces strategic changes in senior leadership to align with long-term goals and promote agility.
- Kumar Priyesh will now oversee sales and network development for Jeep, Citroën, and Leapmotor to enhance customer experience.
- Shishir Mishra will lead institutional business, partnerships, mobility services, pre-owned cars, and finance solutions across brands to drive mobility strategy.
- Shailesh Hazela to remain the CEO & MD, focusing on aligning India strategy with global objectives for business growth and efficiency.
Read Full Article
12 Likes
HRKatha
1w
260
Image Credit: HRKatha
Shamita Mukherjee to serve as CHRO, Firstsource Solutions
- Shamita Mukherjee has been appointed as the Chief Human Resources Officer (CHRO) at Firstsource Solutions.
- Mukherjee brings extensive experience from her previous roles, including a long association with Infosys for about two decades.
- In her new role, she will focus on driving agile workforce strategies, cultivating future-ready skills, and fostering a culture of continuous learning and innovation.
- Ritesh Idnani, the Managing Director & CEO of Firstsource, expressed confidence in Mukherjee's ability to bring in best practices and foster employee-centric engagement.
Read Full Article
15 Likes
For uninterrupted reading, download the app