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Forbes
4d
72
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Mortgage Rates Today: March 28, 2025 – Rates Inch Up
- The average mortgage rate on a 30-year fixed mortgage is 6.74%, up from 6.61% last week.
- The average rate on a 15-year fixed mortgage is 5.79%, up 0.09 percentage points from the previous week.
- The current average interest rate on a 30-year fixed-rate jumbo mortgage is 7.14%, up from last week.
- Factors such as the overall economy, benchmark interest rates, and borrower-specific factors influence mortgage rates.
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High-Yield Savings Account Rates Today: March 28, 2025 – Rates Are Steady
- Rates on savings accounts are the same compared to one week ago.
- The highest yield on a standard savings account with a $2,500 minimum deposit amount was 5.84%.
- The average APY for a traditional savings account is 0.22%.
- High-yield savings accounts typically pay substantially more interest than conventional savings accounts.
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Forbes
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Today’s HELOC & Home Equity Loan Rates: March 28, 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 that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments.
- A home equity line of credit is a variable-rate second mortgage that draws on your home’s value as a revolving line of credit.
- Different home equity lenders offer different repayment terms, but longer repayment terms usually mean lower monthly payments.
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Forbes
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CD Rates Today: March 28, 2025 – Take Home Up To 5.06%
- CD rates today vary by term and the highest rate is currently at 5.06%. Rates are expected to decrease as the Federal Reserve lowers interest rates.
- CDs offer fixed interest rates and come with maturity periods, typically providing better yields than high-yield savings accounts.
- Shorter-term CDs such as three-month and six-month offer rates up to 4.72% and 4.94% respectively. Six-month CDs have an average APR of 1.79%.
- For longer terms like 12 months, the highest rate is 5.02% with an average APY of 1.86%. Two-year CDs offer rates as high as 4.52%.
- Three-year CD rates reach up to 4.65%, while five-year CDs provide rates up to 4.26%. Jumbo CDs at 6-month term offer 5.06% APY.
- CD rates vary between banks, so it's recommended to compare and choose the best option. Opening a CD account requires a lump-sum deposit with minimum requirements.
- CDs typically pay higher interest compared to other savings options and are considered a safe investment due to FDIC insurance coverage up to $250,000.
- Curinos determines average CD rates by focusing on specific CDs, excluding others like promotional and relationship-based rates.
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Forbes
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178
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Money Market Interest Rates Today: March 28, 2025 – Rates At 4.89%
- The current average money market rate is 0.53%, while the highest rate is up to 4.89%.
- Money market accounts (MMA) are interest-bearing deposit accounts offered by banks and credit unions.
- MMAs are insured up to $250,000 per depositor by the FDIC at banks or the NCUA at credit unions.
- MMAs offer higher interest rates but often require higher minimum deposits and balances.
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Forbes
4d
372
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Here Are Today’s Mortgage Refinance Rates: March 28, 2025 – Rates Rise
- Today, the rate on a 30-year fixed refinance stands at 6.84%, with 15-year and 20-year fixed refinance rates averaging 5.77% and 6.63% respectively.
- The average APR for a 30-year fixed refinance mortgage is 6.87%, costing borrowers $655 per month for principal and interest on a $100,000 loan.
- For a 20-year fixed refinance mortgage at 6.63%, borrowers would pay around $753 per month, totaling $80,822 in interest over the loan life.
- A 15-year fixed refinance mortgage at 5.77% entails a monthly payment of $832, resulting in a total interest payment of $49,696.
- The average interest rate for a 30-year fixed jumbo refinance is 7.25%, requiring a monthly payment of $682 per $100,000 borrowed.
- Cash-out refinance rates are higher due to the increased loan balance, and the refinancing application process is similar to a home purchase loan.
- Refinancing can lower interest rates, reduce monthly payments, pay off the loan faster, tap home equity, or eliminate PMI, but it incurs substantial costs.
- Calculating the 'break-even point' is advisable to assess how long the new mortgage savings will surpass closing costs.
- Improving credit score, adjusting repayment period, or switching loan terms may help secure a competitive refinance rate.
- It's important to consider closing costs, application length, and potential rate reduction before opting for a refinance.
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HRKatha
4d
312
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Building a ‘great place to succeed’: How HR is accelerating business performance
- Human resources (HR) is transforming from a support function into a strategic business partner, playing a dynamic role in fostering engagement, developing leaders, and creating inclusive cultures.
- Engaged employees and strong leadership drive organizational performance, and organizations focusing on the employee experience achieve higher productivity, improved customer satisfaction, and stronger financial outcomes.
- Leadership development is a core HR function that directly impacts business growth, and organizations prioritizing leadership development create a culture of continuous growth and enhanced business outcomes.
- Building a high-performance organization requires a focus on diversity, equity, and inclusion, as diverse teams outperform homogeneous ones and diversity in leadership drives financial success.
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HRKatha
4d
206
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The razor’s edge of workplace laughter
- In the digital age, workplace interactions have become a minefield of misunderstandings, exemplified by a viral incident of laughter during a corporate meeting.
- Workplace humour serves as a social mechanism that can unite teams but also has the potential to create toxic environments.
- Emmanuel David highlights that laughter is often a coping mechanism rather than genuine humour.
- Atul Mathur emphasizes the importance of using humour carefully, especially in formal settings.
- The distinction between intelligent wit and casual laughter is crucial in workplace communication.
- Organisations must actively cultivate positive humour and establish clear guidelines within employee codes of conduct.
- Leadership plays a vital role in shaping workplace humour and fostering a culture of respect and inclusivity.
- Context is key in determining the appropriateness of humour in different workplace scenarios.
- Creating a culture of respect involves empowering employees to address inappropriate humour constructively.
- Ultimately, workplace humour, when inclusive, can serve as a unifying force that strengthens connections among employees.
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HRKatha
4d
362
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10,000 jobs to be axed in the US Health Department, many regional offices to close
- The US Department of Health and Human Services (HHS) will reduce its workforce by 20,000 full-time roles.
- 10,000 employees will exit voluntarily, while 10,000 more will be laid off.
- Half of the HHS regional offices will be closed down.
- The cuts are in line with US President Donald Trump's efforts to reduce the federal government workforce size.
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HRKatha
4d
379
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HSBC lays off mid-senior level employees as part of cost-cutting measures
- HSBC laid off mid-senior level employees as part of cost-cutting measures. The affected employees were at the vice president level and above, and did not receive any bonuses.
- This move is unusual for HSBC, known for treating its employees well. However, given the current economic challenges and the need for cost management, the bank had to prioritize profitability.
- Since Georges Elhedery became CEO, HSBC has been focusing on growth areas to enhance profitability in the investment-banking division.
- In January, HSBC had already indicated lower bonuses and cost reduction efforts. The bank intended to be fair in rewarding employees based on performance.
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HRKatha
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341
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How AI is revolutionising payroll: Insights from Neeyamo’s N’GAGE
- AI is revolutionizing payroll processing, transforming it into a showcase for cutting-edge technology, as discussed at Neeyamo's N'GAGE event in Bengaluru.
- The blend of human intelligence and artificial intelligence is driving return on investment in payroll management, with AI handling routine tasks and specialists focusing on compliance and employee experience.
- Organizations are encouraged to foster a culture of self-driven growth and adaptability as technological advancements reshape traditional roles.
- Neeyamo unveiled new product offerings like Neeyamo Payroll and Payroll I.O, enhancing pre- and post-payroll processes and validating payroll data regardless of the provider.
- Payroll transformation involves strategic decisions on service models impacting data migration, change management, vendor selection, and compliance.
- Investing in new payroll systems often fails due to lack of proper training and user adoption, highlighting the importance of these aspects for successful implementation.
- Payroll is not just about calculating salaries but also about adhering to regulatory requirements, emphasizing the significance of accuracy and efficiency in payroll processing.
- AI in payroll offers predictive analytics, fraud detection, conversational interfaces, and compliance monitoring, benefiting organizations in managing workforce and improving efficiency.
- Integration of payroll data with broader workforce-management systems can provide insights into labor costs, productivity patterns, and strategic decision-making.
- AI-powered payroll solutions elevate the role of payroll within organizations, showcasing the potential of digital transformation in even the most routine business operations.
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HRKatha
4d
56
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Gaurav Sood assumes CEO role at Messe Stuttgart India
- Gaurav Sood has taken up the role of CEO, Messe Stuttgart India after a successful tenure at Hyve Group.
- Sood brings over 24 years of work experience and has previously worked in various positions in the trade-show industry.
- Messe Stuttgart expects Sood's experience to facilitate the further expansion of their business model in India.
- Sood aims to drive industry collaboration, innovation, and strategic platforms at Messe Stuttgart India.
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Bitcoinist
4d
386
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Bitcoin Bet Grows Bigger: The Blockchain Group Snaps Up 580 BTC
- France-based blockchain solutions firm, The Blockchain Group, has purchased 580 BTC, marking its largest Bitcoin acquisition to date.
- The purchase was made through the company's Luxembourg-based subsidiary and was financed through a convertible bond issuance.
- The Blockchain Group now holds a total of 620 BTC, with a value of over $54 million.
- Corporate adoption of Bitcoin is expected to increase in 2025, with several companies and US states investing in BTC.
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Forbes
5d
4
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How To Calculate Inflation: PCE & CPI
- Inflation is necessary for economic growth but needs to be at the right level to drive spending among businesses and consumers.
- The inflation rate, expressed as a percentage, reflects the changing purchasing power of consumers and businesses.
- Maintaining a steady rate of inflation is crucial, and it is one of the key responsibilities of the Federal Reserve.
- The Consumer Price Index (CPI) and the Personal Consumption Expenditures Price Index (PCE) are the key indexes used to calculate inflation in the U.S.
- CPI tracks a basket of goods and services, while PCE tracks prices that businesses report selling goods and services for.
- Core CPI excludes volatile food and energy prices, while Core PCE is considered the most important measure of inflation by the Federal Reserve.
- High inflation can depress purchasing power, while too-low inflation hinders economic growth by keeping money out of the economy.
- Inflation affects the purchasing power of a currency, leading to changes in the cost of living as prices rise.
- Inflation can dilute the purchasing power of fixed incomes but may make it easier to pay off debts like mortgages.
- Investing is a way to combat inflation and grow purchasing power, as returns on investments historically exceed inflation rates.
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Forbes
5d
118
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How to Invest $5 Million
- Having $5 million to invest opens up a wealth of opportunities for investors.
- Key concepts to understand when investing include setting financial goals, determining investment timeline, and assessing risk tolerance.
- Stocks and bonds play essential roles in portfolios, offering growth potential and income generation, respectively.
- For long-term investors, growth and value stocks are popular choices with varying performance in different market conditions.
- Real estate can be a lucrative investment but requires careful consideration due to volatility and low liquidity.
- Alternative investments like hedge funds and real estate investment trusts (REITs) offer diversification and potentially higher returns.
- High-risk alternative assets are accessible to accredited investors with $5 million to invest but lack SEC oversight.
- Working with a private wealth manager is recommended for managing a $5 million investment, offering specialized knowledge and personalized attention.
- Selecting a financial advisor or wealth manager with fiduciary duty ensures they act in your best interest when managing your investments.
- Building a trusting, long-term relationship with a financial professional is crucial for navigating financial challenges and achieving wealth growth.
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