Money News

Trending:

PH rice imports won't reach 4.7M MT despite tariff cut —DA

The Philippines will not import as much rice this year compared to the US Department of Agriculture's (USDA) projection, despite the tariff cut. “I don’t think the reduction of tariffs will increase importation… it’s basically demand-driven,” Agriculture Secretary Francisco Tiu Laurel Jr. said during the post-State of the Nation Address (SONA) forum in Pasay City on Tuesday. “I really don’t think we will reach 4.7 [million metric tons],” Tiu...

2024-07-23T11:09:18Z

Major Olympics Sponsor P&G Is Failing on Deforestation | Opinion

As consumers and stakeholders, we have the power to demand more from companies like P&G.

2024-07-26T21:51:35Z

BOJ’s Former Top Female Executive Takes Gender Fight to Japan’s Schools

After becoming the Bank of Japan’s highest-ranking female bureaucrat ever, Tokiko Shimizu is now turning her focus on how to shatter more glass ceilings with a plan to tackle deep-rooted gender inequality from the bottom up.

2024-07-26T23:50:41Z

Marcos vows support for common towers to boost connectivity

To boost internet connectivity for those in the country who were still without access, President Ferdinand “Bongbong” Marcos Jr. vowed during Monday's third State of the Nation Address to policy reforms and government support for common towers. Marcos added that the Philippines was upgrading the capacity and connectivity to internet access as only 20.6 million households, or 77% of the Philippine population, were connected to the internet as of...

2024-07-22T11:05:20Z

Abbott Loses $500 Million Infant Formula Verdict, Lawyers Say

Abbott Laboratories was ordered by a jury to pay almost $500 million over allegations that it hid the risk that its premature-infant formula can cause a potentially fatal bowel disease, according to lawyers for the mother who won the first case against the company to go to trial.

2024-07-27T02:10:33Z

PH banks say digital systems up again amid global cyber outage

Several Philippine banks that have been affected by the global cyber outage have said that their online and digital systems are again up following the large-scale disruption that hit various industries worldwide. In separate advisories, BDO Unibank, Metrobank, RCBC, and the Bank of the Philippine Islands indicated that their online banking systems are again working. The Banko Sentral ng Pilipinas earlier said that it ''has required affected...

2024-07-19T17:09:41Z

Best Online Checking Accounts of July 2024

9 Best Online Checking Accounts of 2024 See our review of Ally Bank What is an Online Checking Account? An online checking account is a bank account for daily transactions offered through an online bank. Online banks provide many of the same services that traditional banks offer. But unlike traditional banks, online banks conduct most […] The post Best Online Checking Accounts of July 2024 first appeared on Newsweek Vault.

2024-04-19T19:14:07Z

DA eyes setting up 1,500 brick-and-mortar Kadiwa stores in next 3 years

The Department of Agriculture (DA) on Tuesday bared its plan to set up Kadiwa stores in every city and municipality all over the country on the heels of President Ferdinand Marcos Jr.’s announcement that his administration will make Kadiwa stalls a permanent fixture. At the post-State of the Nation Address (SONA) forum in Pasay City, Agriculture Secretary Francisco Tiu Laurel Jr. explained in detail Marcos’ marching order to make Kadiwa stores...

2024-07-23T07:08:29Z

How To Meet Credit Card Spending Requirements Without Going Into Debt

Vault’s Viewpoint on How To Meet Credit Card Spending Requirements What Is a Minimum Spending Requirement? A minimum spending requirement is the amount cardholders must charge to a new credit card to earn a welcome bonus. The spending amount varies by card, but most require at least $500 spent within three months of account opening. […] The post How To Meet Credit Card Spending Requirements Without Going Into Debt first appeared on Newsweek...

2024-07-26T19:57:19Z

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

WASHINGTON (AP) — The Federal Reserve's favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September. Prices rose just 0.1% from May to June, the Commerce Department said Friday, up from the previous month's unchanged reading. Compared with a year earlier, inflation declined to 2.5% from 2.6%. Excluding volatile food...

2024-07-26T12:45:37Z

US Fed's favored inflation measure cools further in June

The US Federal Reserve's favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week's interest rate decision. - Analysts see September cut - Stripping out volatile food and energy prices, the closely watched core measure of inflation eased to an annual rate of 2.6 percent in June -- also in line with expectations.

2024-07-26T12:51:36Z

Bikeshare Is More Popular Than Ever. But It’ll Cost You

The proliferation of e-bikes and e-scooters in US and Canadian cities means shared micromobility programs are getting expensive.

2024-07-26T15:04:07Z

Best Business Checking Accounts in July 2024

Additional Bank Accounts to Consider For Your Business While you have plenty of options to choose from as a business owner looking for a business checking account, this account type isn’t your only available option. Depending on the size of your business deposits, the number of transactions per month and the number of expenses you […] The post Best Business Checking Accounts in July 2024 first appeared on Newsweek Vault.

2024-04-10T11:37:12Z

Texas Earthquakes Prompt Oil Regulator to Inspect Disposal Wells

The Texas oil regulator said it’s investigating after several earthquakes hit the Permian Basin this week.

2024-07-26T19:33:15Z

Digital payments account over 50% of retail payment transactions in 2023 — BSP

The Philippines hit its goal of having digital payments account for half of the total monthly retail payments in 2023 on the back of higher e-payments to merchants, a report released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday showed. According to the 2023 Report on E-Payments Measurement, digital payments accounted for 52.8% of retail payment transactions in 2023, higher than its 50% goal under the Digital Payments Transformation...

2024-07-23T09:08:50Z

How Much Money Should You Keep in a Savings Account?

Vault’s Viewpoint on How Much Money You Should Keep in a Savings Account Factors To Influence a Savings Account There’s a sense of security that comes with setting aside money in your savings account for a rainy day. Your desired amount for an emergency fund will be the primary factor dictating how much you put […] The post How Much Money Should You Keep in a Savings Account? first appeared on Newsweek Vault.

2024-07-26T17:11:48Z

DigiPlus says it’s not affected by POGO ban

Listed digital gaming firm DigiPlus, the company behind popular gaming brand BingoPlus, on Wednesday said it is not affected by President Ferdinand "Bongbong" Marcos Jr.’s order to ban all Philippine offshore gaming operators, saying it is not a POGO. “DigiPlus is not a POGO or an Internet Gaming Licensee (IGL) as defined under Philippine laws,” DigiPlus president Andy Tsui said in a statement. He added that DigiPlus, as a local digital gaming...

2024-07-24T14:13:43Z

China’s Industrial Profits Climb, Showing Manufacturing Strength

Profits at Chinese industrial firms grew at a faster pace in June, showing the resilience of the manufacturing sector which has helped cushion an economic slowdown.

2024-07-27T03:06:05Z

UK to reveal £20 bn hole in public finances: reports

Britain's new Labour government will announce next week that the country's public finances have an additional hole of around £20 billion ($26 billion), risking tax rises in an upcoming budget, media reported on Friday. Since being elected, Labour has ruled out immediate rises to income and corporation taxes -- but has not ruled out changes to levies on capital gains and inheritance, which analysts have said could be targeted to fill holes in the...

2024-07-26T13:13:59Z

10 Best Banks for Businesses of July 2024

Best Banks for Small Businesses of 2024 What Is a Small-Business Bank Account? A small-business bank account is an account, usually checking, that supports day-to-day business operations. Having a separate business banking account ensures that your business funds will not be mixed up with your personal funds. How Do Banks for Small Businesses Work? Banks […] The post 10 Best Banks for Businesses of July 2024 first appeared on Newsweek Vault.

2024-04-10T11:37:12Z

Meralco: Power supply deals follow least cost mandate

The Philippines’ largest power distributor, Manila Electric Company (Meralco), said on Saturday it strictly adheres to the least cost mandate in contracting power supplies, amid criticism of its recent competitive bidding. In a statement, Meralco vice president and head of corporate communications Joe Zaldarriaga said the “Competitive Selection Process or CSP is a government-mandated bidding to ensure that only power suppliers that offer the...

2024-07-20T18:13:37Z

G20 pledges to work together to tax ultra-rich

G20 nations have agreed to work together to make the super-rich pay their taxes, but stopped short of a more substantial deal, according to a declaration adopted Friday after a meeting of finance ministers in Rio de Janeiro. Brazil's Finance Minister Fernando Haddad said that "from a moral point of view it is important that the twenty richest nations consider that we have a problem, which is to have progressive taxation on the poor and not on...

2024-07-26T16:39:00Z

Why 'Ghost Jobs' Are a Bad Idea For Companies, According to Experts

Employers are sleuthing job seekers with fake job adverts.

2024-07-27T09:38:23Z

TPG Nears Deal to Take Office Space at Manhattan’s Spiral Tower

TPG Inc. is in talks to lease offices at the Spiral, a newly built tower on the west side of Manhattan that’s lured tenants including other finance firms and a major pharmaceutical company.

2024-07-26T19:24:31Z

DOLE to offer jobs, livelihood to affected workers amid POGO ban

The Department of Labor and Employment (DOLE) on Tuesday said jobs and livelihood programs will be offered to workers affected by the ban on Philippine offshore gaming operators (POGO). “Mahanapan ng appropriate na trabaho itong posibleng maaapektuhan na mga manggagawa,” Labor Secretary Bienvenido Laguesma told Super Radyo dzBB in an interview. (We will find an appropriate job for these potentially affected workers.) “Bukod sa mga intervention...

2024-07-23T03:07:53Z

‘Crazy’ Yen Rally Is at Risk of Shattering as Soon as Next Week

Investors have fallen over each other in recent weeks to buy the yen on bets that interest rates are finally about to tip in Japan’s favor. They face a moment of truth as soon as Wednesday.

2024-07-26T01:36:46Z

World-Lagging Thai Stocks See Investors Moving Money Into Regional Rivals

For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unraveling, and not even cheap valuations can save the day.

2024-07-27T01:10:36Z

Best Cash Back Debit Cards of July 2024

4 Best Cash Back Debit Cards of 2024 Best Debit Card With Cash Back and No Minimum Discover Cashback Debit account debit card See Offers Vault Verified ...

2024-07-26T20:57:28Z

Airbus and Boeing supremacy secure despite turbulence

Boeing's safety troubles and the Airbus scramble to ramp up production should have left a gap for smaller rivals to challenge their dominatiion of the commercial airliner market. Airbus and Boeing still expect COMAC to become a rival.

2024-07-26T19:57:32Z

Why I Still Use a Local Bank

Vault’s Viewpoint on Local Banking I live in the kind of community where most of us have known each other for years, if not decades—and because of that, my local banking experience might be slightly different from yours. That said, many local community banks offer the same kinds of benefits that I get from my […] The post Why I Still Use a Local Bank first appeared on Newsweek Vault.

2024-07-26T19:57:19Z

Casino Tycoon’s Son Builds His Own Fortune With E-Sports IPO

Mario Ho, the youngest son of the late Macau casino magnate Stanley Ho, has found his own fortune far from the gambling tables that helped make his family one of Asia’s richest.

2024-07-26T16:19:09Z

Major PH telcos not affected by global Microsoft outage

The services of three of the Philippines’ major telecommunications players were not affected by the global IT system outage, which has caused disruptions in airline and banking services locally. In an advisory, Globe Telecom Inc. said its core services, which include call, text, and data connectivity, remain unaffected by the Microsoft system outage. “The issue was isolated to a few Windows-based workstations that our employees use for work for...

2024-07-19T14:09:15Z

Best Free Business Checking Accounts of July 2024

10 Best Business Checking Accounts for Free How Do Free Business Checking Accounts Work? When you open a free business checking account, the bank might require a starting deposit of a minimum amount; for example, a minimum opening deposit of $50. You can find many business checking accounts for free like the ones previously mentioned […] The post Best Free Business Checking Accounts of July 2024 first appeared on Newsweek Vault.

2024-04-22T20:37:01Z

Marcos: Agri imports to undergo pre-border verification, inspection

In a bid to curb agricultural smuggling, the Philippines will soon enforce pre-shipment inspection and verification of imported agricultural products, President Ferdinand Marcos Jr. said Monday. “Soon, we will be implementing the pre-border technical verification and cross-border electronic invoicing of import commodities,” Marcos said in his third State of the Nation Address (SONA). “This will send a strong signal that we mean serious...

2024-07-22T15:05:55Z

Justice Department defends group's right to sue over AI robocalls sent to New Hampshire voters

CONCORD, N.H. (AP) — The federal Justice Department is defending the legal right to challenge robocalls sent to New Hampshire voters that used artificial intelligence to mimic President Joe Biden’s voice. Assistant Attorney General Kristen Clarke and U.S. Attorney Jane Young filed a statement of interest Thursday in the lawsuit brought by the League of Women Voters against Steve Kramer — the political consultant behind the calls — and the three...

2024-07-26T14:56:04Z

TikTok’s Survival Is at Stake in All-Out Fight Against US Ban

The Chinese-owned social media platform TikTok is battling a potential US ban with the signature tools of American democracy — lawyers, lobbyists and money.

2024-07-26T10:23:43Z

Best Free Online Checking Accounts With No Deposit of July 2024

6 Best Free Checking Accounts With No Opening Deposit Best ATM Access Axos Bank Essential Checking See Offers Vault Verified ...

2024-04-17T20:13:15Z

Senator calls for deferment of Meralco’s 600-MW power supply bidding

Senator Alan Peter Cayetano seeks a deferment to next month's bidding for Meralco’s 600-megawatt (MW) power supply requirement amid concerns over fairness. In a statement, Cayetano questioned the terms of reference (TOR) set by Meralco for the upcoming competitive selection process (CSP) for its 600-MW baseload requirement, which he claimed were unfair for older power suppliers such as the Malampaya gas field. “I think you should postpone August...

2024-07-20T09:12:06Z

Philippines coastguard says oil leaking from capsized tanker

Operation to siphon some of the 1.4 million litres of industrial fuel oil from MT Terra Nova due to start on Sunday.

2024-07-27T10:11:45Z

Rogers Rout a ‘Great Time to Buy’ as Price War Eases, TD Says

Rogers Communications Inc. shares are down some 19% from January highs, but one telecom analyst says it’s a “great time to buy.”

2024-07-26T18:44:34Z

Men Are Intimidated by Women With Careers

The U.S. Bureau of Labor Statistics reports that there are more than 74 million women in the civilian labor force, but how is it impacting their dating lives?

2024-07-27T12:38:45Z

BancTrust Plans Bond Investor Trip to Venezuela After Election

Investment bank BancTrust & Co. is organizing a rare trip to Venezuela for investors who hold some of the nation’s $60 billion in defaulted debt, according to people familiar with the matter.

2024-07-26T16:32:47Z

TikTok’s Data Collection is National Security Threat, DOJ Says

The US Justice Department said TikTok collected user information on sensitive topics, making it a national security threat.

2024-07-27T09:41:46Z

What happened to Maharlika Fund?

Nearly a year since the country’s very first sovereign wealth fund was created, the state-owned firm running the Maharlika Investment Fund (MIF) has not made a single investment activity as it is still yet to establish its organizational structure and gather manpower. Maharlika Investment Corp. (MIC) president and CEO Rafael Consing had been saying that the sovereign wealth fund should make its first investment by the fourth quarter or before...

2024-07-22T02:03:59Z

‘Deadpool & Wolverine’ is already breaking box office records, with more possible soon

“ Deadpool & Wolverine ” has gotten off to a supercharged start at the box office, breaking the Thursday preview record for an R-rated movie. The comic-book film sold an estimated $38.5 million worth of movie tickets from preview screenings Thursday, Disney said Friday. The previous R-rated record-holder was “Deadpool 2,” released by Fox’s 20th Century Studios in May of 2018. That made $18.6 million from Thursday previews and went on to make...

2024-07-26T16:14:44Z

8 Reasons Why I Don’t Invest in the S&P 500

Vault’s Viewpoint on the Investing in the S&P 500 1. The Index Is Filled With “Dead Money” Stocks As investors pick more stocks, they increase the likelihood of eventually picking an unprofitable company. No one gets stock picking right all of the time, not even Warren Buffett. The S&P 500 is no exception to the […] The post 8 Reasons Why I Don’t Invest in the S&P 500 first appeared on Newsweek Vault.

2024-07-26T19:26:57Z

Philippines Q2 GDP growth seen faster —economic managers

Philippine economic growth likely accelerated in the second quarter due to higher household spending as inflation fell within the government’s target range, economic managers said Tuesday. Economic managers expect the second-quarter economic growth to hit 6.0%, faster than the 5.7% in the three months prior and the 4.3% in the second quarter of 2023. “It's probably close to at least the lower end of the target,” National Economic and Development...

2024-07-23T09:08:51Z

Apple Reaches Its First-Ever Retail Union Contract Deal in US

Apple Inc. has reached a tentative collective bargaining agreement with retail employees in Maryland, the International Association of Machinists said Friday, a first for the company’s US stores.

2024-07-27T05:21:48Z

Video game makers see actors as AI 'data,' says union on strike

Artificial intelligence was key to last year's Hollywood strikes, and it has now sparked a second walkout by those actors who work in a far larger industry, at the heart of advancing technology -- video games. For vulnerable actors, still reeling from the impact of the Hollywood strikes, the idea of more time out of work is challenging.

2024-07-27T01:30:59Z

Best High-Yield Checking Accounts of July 2024

Newsweek writers Mandy Sleight and Rebecca Safier contributed to this post. The post Best High-Yield Checking Accounts of July 2024 first appeared on Newsweek Vault.

2024-05-01T15:35:58Z