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Forbes
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Here Are Today’s Mortgage Refinance Rates: March 3, 2025 – Rates Hold Steady
- Today's mortgage refinance rates remained unchanged at 6.65%, with a 15-year rate at 5.63% and a 20-year rate at 6.44%.
- The average 30-year fixed-rate refinance dropped by 0.22 points from last week, with an APR of 6.68%.
- For a $100,000 loan at 6.65%, the monthly payment would be $642, totaling around $131,131 in interest over the loan's life.
- A 20-year refinance rate is at 6.44%, costing $742 monthly for a $100,000 loan with approximately $78,020 in total interest.
- On a 15-year refinance with an average rate of 5.63%, the monthly payment would be $824 for a $100,000 loan, totaling $48,300 in interest.
- 30-year fixed-rate jumbo refinance is at 7.08%, while 15-year jumbo refinance fell to 6.14% this week.
- Refinance rates are usually slightly higher compared to purchase rates.
- Consider the impact of closing costs, discount points, and mortgage insurance when refinancing.
- Factors influencing refinancing decisions include interest rate reduction, lower payments, and equity withdrawal opportunities.
- Refinance charges need to be weighed against potential savings to determine the favorable 'break-even point.'
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Forbes
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Money Market Interest Rates Today: March 3, 2025 – Earn Up To 4.89%
- The average money market rate is currently 0.54%.
- The best money market rate today is 4.89%.
- Money market accounts offer higher interest rates than typical savings accounts.
- Before opening a money market account, compare different options and their requirements.
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Forbes
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CD Rates Today: March 3, 2025 – Rates Tick Higher
- CD rates today are offering up to 5.06% on certificates of deposit, with high rates based on term lengths.
- CDs have fixed interest rates and early withdrawal penalties if accessed before the term ends.
- Different term CDs offer various rates: 3-month CD average rate is 1.3%, 6-month CD average APR is 1.82%, and 12-month CDs have a 1.87% APR.
- Two-year CDs provide rates up to 4.52%, while 5-year CDs offer the highest rate at 4.43%.
- Jumbo CDs require significant deposits, with current rates at 4.94% for a 6-month term and averaging 1.82%.
- Comparison shopping is crucial due to varying rates between banks; online banks often offer higher CD rates.
- To open a CD, you need to deposit a minimum amount, and early withdrawal penalties can impact your earnings.
- CDs provide stable returns compared to volatile stocks and bonds but lack the potential long-term growth of investments.
- Ensure deposits are insured by the FDIC or NCUA, providing up to $250,000 in coverage in case of bank failure.
- Certain CD types are excluded from average rate calculations by Curinos, impacting the reported rates.
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Minis
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2-time CEO shares the two red flags he sees in job interviews
- David Royce, two-time CEO and co-founder of Aptive Environmental, says two signs immediately raise concerns during interviews.
- First, a history of short-term jobs — if every role lasts just 6 to 12 months, it suggests the candidate may get bored quickly or struggle to work well with others, making them a risky long-term hire.
- Second, constant negativity about past employers is a major red flag. Royce believes overly critical candidates can drag down workplace morale. Instead, he looks for people who stay positive, focus on solutions, and bring energy that motivates teams and drives the company forward.
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Insider
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The secret of business success
- Economists compiled a database to study factors influencing business success, finding significant correlation between success and pre-launch financing, particularly from venture capital.
- Access to significant financing before launch increases probability of success by 25 percentage points, while self-financing with credit cards decreases it.
- Young, white men are more likely to receive venture capital funding, leading to a biased system favoring this demographic in business success.
- Data suggests tech startups backed by venture capital are the most economically dynamic and successful in America, boasting innovation and growth.
- However, a declining trend in the growth and dynamism of startups has been observed over the years, impacting overall productivity growth in the economy.
- Challenges in obtaining venture capital funding for diverse entrepreneurs and the dominance of big tech companies in acquiring promising startups contribute to the slowdown in business growth.
- Theories propose explanations for the decline in business growth, including shifts in the types of startups being launched and acquired, along with potential emergence of AI as a transformative force.
- Data analysis aims to uncover reasons for the slowdown in business growth and productivity, with the possibility that it could be a precursor to a forthcoming period of innovation driven by artificial intelligence.
- The study suggests that the current slump in business growth may signal an imminent surge in startups related to artificial intelligence, potentially leading to a period of increased dynamism and productivity in the economy.
- The analysis highlights the complex interplay of factors influencing business success and economic growth, underscoring the importance of understanding the evolving landscape of entrepreneurship and innovation.
- While challenges exist in accessing funding and opportunities for all potential entrepreneurs, the potential impact of emerging technologies like AI on reshaping business environments remains a focal point for further exploration.
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HRKatha
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Ajman govt implements remote work on Fridays during Ramadan
- Ajman government has implemented a new remote-work policy during Ramadan.
- All government staff will work from home on Fridays, aligning with the UAE's goal of work-life balance.
- Ramadan working hours will be adjusted, with shorter work hours on Fridays.
- Private-sector employees in the UAE also have reduced working hours during Ramadan.
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HRKatha
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Flipkart Shuts down ANS commerce; entire workforce gone
- Flipkart has shut down ANS Commerce, a third-party e-commerce enabler.
- The closure raises concerns about employment in the sector and the viability of third-party e-commerce solutions in India.
- Despite ANS Commerce's revenue growth, it faced financial challenges, leading to the shutdown.
- The closure reflects the increasing competition from global platforms such as Shopify and WooCommerce.
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Medium
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The Future of Strategic Planning: How LOAF Gen AI24 is Revolutionizing Organizational Foresight
- Traditional strategic planning based on linear projections from historical data is proving inadequate in today's rapidly changing environment.
- The evolution from conventional planning to AI-enhanced strategic foresight has been marked by key developments.
- LOAF Gen AI24 represents a sophisticated framework utilizing AI to navigate uncertainty effectively.
- LOAF emerged as an innovative scenario planning approach, emphasizing dynamic relationships between elements.
- Integration of AI with LOAF framework has exponentially amplified its power, enabling complex data processing and modeling.
- LOAF Gen AI24 employs NLP to analyze textual data, identifying emerging trends and insights.
- Incorporation of agent-based modeling in LOAF allows simulations of stakeholder interactions and decision-making processes.
- LOAF Gen AI24 uses Bayesian networks to model causal relationships and update probability estimates.
- The system leverages neural-symbolic integration for powerful predictive capabilities and transparent reasoning.
- LOAF Gen AI24 facilitates continuous adaptation by updating probabilities as new data emerges, enabling ongoing strategic planning.
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HRKatha
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How one Indian manufacturer defies workforce trends
- Gujarat Heavy Chemicals Limited (GHCL) has managed to achieve single-digit staff turnover and reduce manpower costs by cultivating a culture that values employees as the foundation of success.
- GHCL operationalizes corporate values through programs like DISHA, GHCL TEA, and MILAP, focusing on inclusive strategic planning, fostering transformative thinking, and promoting collaboration across functional silos.
- DISHA involves all levels of employees in strategic planning, GHCL TEA encourages innovative ideas through a structured process, and MILAP breaks down hierarchical barriers to drive meaningful change.
- By investing in building capabilities and commitment of its workforce, GHCL demonstrates the importance of employee empowerment in achieving sustained success in the manufacturing sector.
- GHCL's approach emphasizes the need for purpose, creativity, and collaboration, fostering a culture grounded in respect, trust, ownership, and teamwork.
- The company's focus on employees as catalysts for success rather than just resources to be managed has led to increased engagement, innovation, and alignment with long-term goals.
- GHCL's experience suggests that prioritizing employee engagement can enhance efficiency and yield measurable returns, even in cost-intensive manufacturing sectors.
- The success of GHCL prompts reflection on hierarchical planning processes, the effectiveness of innovation initiatives, and the impact of collaboration programs in other organizations.
- As the labor market evolves and employees seek meaningful workplace experiences, GHCL's employee-centric approach offers valuable lessons for organizations seeking to balance engagement and efficiency.
- GHCL's focus on empowering employees as architects of the company's future highlights the importance of activating, rather than just managing, human capital for organizational growth.
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HRKatha
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304
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How is Apple creating 20,000 new jobs in the US?
- Apple is set to create 20,000 new jobs in the US.
- Expansion of teams working on R&D, software development, custom silicon, hardware engineering, AI, and machine learning.
- Apple to invest $500 billion in supplier partnerships, direct jobs, infrastructure, and production over the next four years.
- The company plans to double its Advanced Manufacturing Fund and build new servers in Houston, employing thousands of people.
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HRKatha
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HP to lay off about 2,000 before October 2025
- Hewlett-Packard (HP) is planning to lay off about 2,000 employees before October 2025.
- The company aims to save $300 million by trimming its workforce, which currently stands at 58,000 employees.
- No specific departments have been named, and the job cuts will be made in consultation with local labour associations and in compliance with local regulations.
- HP is also focusing on artificial intelligence (AI) and customer experience, while undertaking a rebalancing exercise.
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HRKatha
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Terminated Infosys trainees were not ‘employees’: Labour Department
- Infosys trainees who were terminated without notice by the company were not considered as employees by the Karnataka Labour Department.
- The department concluded that no employer-employee relationship existed between Infosys and the trainees.
- The trainees were identified as apprenticeship trainees and had not been given appointment letters or treated as official employees.
- The Labour Department's decision has been criticized by associations representing IT employees, as the terminated trainees had actively worked on live projects without the formal status of employees.
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Medium
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Strategy is about choosing to be bad at something
- Strategy is about creating value and choosing what to be bad at.
- A roadmap is a plan that helps navigate from Point A to Point B, but can become stale if not updated regularly.
- Plans are about execution and need to be built on a sound competitive and customer-focused outcome to have a clear advantage.
- Engaging in strategic planning or having a list of projects on its own does not define a strategy.
- True strategy involves creating value, making tough choices, and positioning oneself to win in the marketplace.
- Creating value for customers leads to growth and loyalty by understanding their needs and delivering in a better way than competitors.
- Employees, suppliers, and partners play a key role in delivering the promised customer value for the company's success.
- Great companies make intentional choices and accept tradeoffs to focus on what matters most.
- Having a good strategy forces focus on resource allocation in a world of constraints like time, money, and talent.
- Specificity in strategy is crucial, vague statements about goals are not sufficient for success.
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Pcgamer
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Total War: Warhammer 3's next patch will overhaul its Kislev faction, which Creative Assembly has 'identified as the most in need of a deep review and rethink'
- Total War: Warhammer 3's next patch, Patch 6.1, will focus on improving the Kislev faction.
- Creative Assembly will prioritize tuning existing content over adding new content.
- Kislev has been identified as the faction most in need of a thorough review and rework.
- The patch will bring significant changes to the supporter race, rework the devotion resource, revamp the tech tree, and make changes to Atamans.
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Heinzmarketing
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254
B2B Reads: Are You Trying Too Hard? How Attribution Devalues Strategic Impact, 10 Lead Gen Ideas to Try Now and More!
- Sometimes B2B Marketing Just tries Too Hard.
- How to Be a B2B Marketing Manager Sales Can’t Live Without.
- B2B Marketing Attribution Devalues its Strategic Impact.
- 10 B2B Marketing Lead Generation Ideas to Try Now.
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