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Strategy News
Forbes
7d
45
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Mortgage Rates Today: May 9, 2025 – Rates Stay Put
- Current average mortgage rate on a 30-year fixed mortgage is 6.77%, up from 6.71% last week.
- Average rate on a 15-year fixed mortgage is 5.72%, a 1.04% increase from the previous week.
- Today’s average rate on a 30-year fixed-rate jumbo mortgage climbed to 7.19%.
- Mortgage rates are influenced by economic factors such as U.S. Treasury bond yields, Federal Reserve decisions, and global events.
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Forbes
7d
154
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High-Yield Savings Account Rates Today: May 9, 2025 – Rates Are Steady
- Rates on high-yield savings accounts have remained stable with the current highest rate at 5.84% for a $2,500 minimum deposit.
- Average APY for traditional savings accounts is 0.22%, while high-yield savings accounts offer more competitive rates but may require specific conditions like larger deposits.
- The highest interest rate for high-yield accounts with a $10,000 minimum deposit is 4.88%, and for a $25,000 minimum deposit, the highest rate is 4.40%.
- Consider factors like minimum deposits, fees, and institution reputation when choosing a savings account, ensuring it meets your financial goals and is backed by FDIC or NCUA insurance.
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Forbes
7d
279
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Current HELOC & Home Equity Loan Rates: May 9, 2025
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
- HELOCs offer a flexible, variable-rate second mortgage, while home equity loans provide fixed-rate, lump-sum loans up to 85% of a home's value.
- HELOCs with varying amounts such as $100K, $250K, and $500K offer different borrowing capacities and repayment options over 5, 10, 15, 20, or 30-year terms.
- Home equity and building wealth through increased equity are essential for long-term financial health, and HELOC rates are influenced by banks and Federal Reserve interest rate policies.
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Forbes
7d
8
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CD Rates Today: May 9, 2025 – Earn As Much As 5.02%
- Today's best CD rates can reach as high as 5.02%, but they are subject to change based on market conditions and Federal Reserve actions.
- CDs provide fixed interest rates for set periods, offering better yields than high-yield savings accounts but with penalties for early withdrawals.
- Interest rates vary by CD term; for example, three-month CDs have an average rate of 1.3% and a high rate of 4.67%.
- Six-month CDs offer an average APR of 1.78% and a high rate of 4.94%, while 12-month CDs have a top rate of 5.02% and an average APY of 1.83%.
- 24-month CDs have rates as high as 4.52%, three-year CDs at 4.27%, and five-year CDs at 4.26%, each with corresponding average APYs.
- Jumbo CDs, requiring higher minimum deposits, offer rates up to 4.94% for 6-month terms and an average APY of 1.82%.
- CDs from digital banks often have competitive rates due to lower costs, offering alternatives to traditional banks like Chase, Capital One, and Synchrony Bank.
- CDs provide a secure investment option with FDIC or NCUA insurance covering up to $250,000 in case of bank or credit union failure.
- Avoid tapping into CDs early to prevent penalties that can erode interest earnings and even dip into your principal amount.
- CDs offer higher interest rates compared to high-yield savings or money market accounts while providing a safer haven for investments.
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HRKatha
7d
396
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Employee gets raise after setting boundaries instead of overworking
- An employee who used to overwork without setting boundaries received a raise after changing his approach.
- Despite working long hours and taking on extra tasks, the employee's requests for advancement were ignored by management.
- Upon setting boundaries, leaving work on time, and focusing on assigned tasks only, he was praised by leadership and offered a raise.
- This story challenges the idea that recognition comes from overextending oneself, emphasizing the value of self-respect and work-life balance in the workplace.
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HRKatha
1w
209
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How Accor is cultivating homegrown leadership in India
- Accor, a French hospitality giant, transitioned from expatriate to homegrown leadership in India over 15 years.
- The shift was driven by the need for leaders with global perspective and deep cultural understanding.
- Accor invested in talent development through the Accor Academy, focusing on skill gaps and high-performer competencies.
- Employees undergo a structured induction to embody the company's ethos, followed by individually tailored career development plans.
- A tiered framework nurtures mid-level managers into future general managers through functional and leadership training.
- Specialist certifications and skill training are offered, recognizing the importance of technical competence and interpersonal finesse in hospitality.
- Accor's digital-first approach includes on-demand content access and virtual training, complemented by peer learning and workshops.
- 100% of Accor's India operations are now led by Indian leaders, showcasing a shift towards cultivating talent internally.
- Benefits include enhanced guest experiences, financial efficiencies, and organizational resilience during crisis periods.
- Accor's approach emphasizes connecting individual aspirations with organizational purpose, fostering authentic leadership in the hospitality sector.
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Medium
1w
275
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Features. Features. Everywhere.
- Frankenstein Products refer to apps that started with a purpose but ended up incorporating too many features over time, leading to user confusion and alienation.
- Adding unnecessary features to a product not only increases its cost but also erodes user trust as it deviates from the original purpose.
- The advice is to stop adding features and focus on pruning unnecessary ones to prevent complexity from killing the product.
- Industry leaders warn that continuously increasing complexity without proper maintenance can have detrimental effects on product success, emphasizing the importance of regular pruning and intentional development.
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HRKatha
1w
275
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Magson Retail & Distribution appoints Saibal Chandra Banerjee as CEO
- Saibal Chandra Banerjee has been appointed as the CEO of Magson Retail & Distribution, moving from his previous role as senior vice president-merchandising at Wellness Forever Medicare.
- Banerjee brings a wealth of experience, starting his career as an area sales supervisor at Reckitt Benckiser and working his way up through various roles in companies like Wipro, Dabur, and Spencer's Retail.
- Prior to joining Magson Retail & Distribution, Banerjee served as the CEO of Kathmandu Farmers Market and held leadership positions at Foodhall India and Wellness Forever Medicare.
- Known for his analytical skills and problem-solving abilities, Banerjee's appointment is expected to benefit Magson Retail & Distribution, as he takes on the role of CEO.
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Rockpapershotgun
1w
297
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Eric Barone, the guy who can't stop updating Stardew Valley, says the words "I might eventually make a Stardew Valley 2"
- Eric Barone, the creator of Stardew Valley, mentioned the possibility of making a sequel on a podcast.
- Barone finds it easier to add updates to Stardew Valley rather than starting a new game from scratch.
- Despite the temptation to create a sequel, Barone is focused on finishing his current project, Haunted Chocolatier.
- The idea of a Stardew Valley 2 remains uncertain as Barone enjoys continuously updating the original game.
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HRKatha
1w
10
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MakeMyTrip elevates Richa Jha to director-HR
- Richa Jha has been promoted to director-human resources at MakeMyTrip after three years with the company.
- Jha holds a PGDM in human resource management and industrial relations and started her career as a summer trainee at Astrazeneca in 2008.
- Throughout her career, she has held HR roles at companies such as Wepsol, Biocon, Reliance Retail, Aurigene Discovery Technologies, Walmart, and Lexin before joining MakeMyTrip in 2022.
- Described as a smart, talented, and dedicated professional, Jha's diverse HR experience is seen as an asset to MakeMyTrip. HRKatha congratulates her on the promotion.
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Peprofessional
1w
196
How to Control Healthcare Costs Throughout Your Portfolio With New Insurance Model
- Private equity firms often overlook employee benefits when implementing value creation plans to increase profitability during ownership of companies.
- The individual coverage HRA (ICHRA) model offers control over insurance costs for businesses while providing quality healthcare benefits to employees.
- ICHRA can help PE-backed companies struggling with unpredictable group health plan renewals and high insurance costs.
- It allows for personalization in healthcare coverage, giving employees the freedom to choose plans that suit their individual needs.
- Implementation of ICHRA can lead to cost savings for both employers and employees compared to traditional group healthcare plans.
- ICHRA offers stability to employers, flexibility to employees, and eliminates the financial burden of high-cost claimants.
- Companies with multi-state operations find ICHRA particularly appealing due to the scalability and customization it offers for diverse employee groups.
- ICHRA allows employers to set a consistent budget for health insurance costs, providing predictability and avoiding unexpected cost increases during renewals.
- The adoption of ICHRA, as exemplified by a case study of a PE-backed manufacturing company, has shown benefits in reducing costs for employers and empowering employees with choice and control over their healthcare.
- Overall, ICHRA serves as a valuable tool for private equity firms seeking to optimize costs and enhance value creation within their portfolio companies.
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Rockpapershotgun
1w
238
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Frostpunk 2 brings in a map literally called The Pit, a revamped heating system, and a lot more in its first big update
- The first big update for Frostpunk 2 introduces a new map called The Pit, featuring a distinctive 'proto-crater' pit counted as mountain terrain.
- The heating system in Frostpunk 2 has undergone a major overhaul, with heat management localized to individual districts, each having unique effects and consequences if not kept warm.
- The update brings back Serenity mode from the first game, offering a stress-free experience with gentler weather, more resources, and no conflict between factions.
- Additional challenges with unique quests and storylines, improved tutorials, rebalanced prologue, and modding tools out of beta are part of the update, with promises of more free big updates and future DLC from 11 bit studios.
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Pcgamer
1w
71
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Europa Universalis 5 feels like the ultimate grand strategy game, drawing on Paradox's entire history—and it makes me feel like an idiot
- Europa Universalis 5 has been unveiled, offering a new and complex grand strategy experience.
- The game feels different, uncompromising, and tailored for history devotees and strategy enthusiasts.
- Automation features help players grasp the game's complex systems gradually.
- EU5 introduces new mechanics like the need for a legitimate reason for declaring war, involving espionage and support from parliament.
- Players face challenges like balancing domestic issues, making decisions that impact various aspects of their nation, and navigating international relations.
- Different playable entities in the game offer varied playstyles and strategies, each with unique advances and mechanics.
- The game's dynamic systems, including advances, reforms, and institutions, encourage global thinking and adaptation to new concepts.
- EU5's complexity can be overwhelming but feels organic and engaging, with layers of systems and objectives to explore.
- Players may feel challenged due to the game's ambitious nature, evolving away from traditional strategy game origins.
- Despite feeling challenged and baffled by the game, players may find the experience of navigating EU5's intricacies to be thrilling.
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HRKatha
1w
377
Image Credit: HRKatha
Cabinet gives nod: ITIs to be upgraded; 5 NCoEs to be set up
- The Union Cabinet approved a national scheme to upgrade ITIs and establish five National Centres of Excellence for Skilling with a budget of Rs 60,000 crore over five years.
- Approval was given for the academic and infrastructure expansion of five new IITs in Chhattisgarh, Andhra Pradesh, Jammu & Kashmir, Kerala, and Karnataka.
- The scheme will adopt an industry-led Special Purpose Vehicle approach to collaborate on curriculum design and infrastructure management, focusing on ToT and improving vocational education quality.
- The objective is to bridge the industry-demand gap through updated course content, aiming to enhance employability and make vocational training more appealing for the future.
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TronWeekly
1w
12
Image Credit: TronWeekly
Strategy to Unveil Bitcoin Model That Could Reshape Corporate Finance
- Strategy plans to publish an open-source Bitcoin standard model based on its real-world Bitcoin acquisition strategy for corporate adoption.
- Strategy confirmed plans to release a Bitcoin corporate finance book offering financial strategies and insights based on its experience of expanding Bitcoin holdings to 555,450 BTC.
- Bernstein predicts a $330 billion corporate Bitcoin inflow by 2029, inspired by Strategy's playbook, with expectations that more firms will adopt Bitcoin as a treasury asset.
- Metaplanet and Strive join the corporate Bitcoin movement, with Metaplanet amassing over 5,000 BTC and Strive collaborating to establish a publicly traded Bitcoin treasury company following Strategy's model.
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