Latest news with #Rate
Time of India
6 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Binance Introduces Promotions for Fixed Rate Loan Users
27 Jun 2025 | 01:35:12 AM IST Binance has launched two promotions for Fixed Rate Loans users, offering rewards up to 1,600 USDC for eligible Borrow or Supply orders during the promotional period from June 27 to July 25, 2025. In recent cryptocurrency news, Binance has announced exciting promotions for users of its Fixed Rate Loans, allowing participants to earn rewards up to 1,600 USDC based on their loan activity. This initiative runs from June 27 to July 25, 2025, and includes a special offer for new users. Meanwhile, Bitcoin remains stable above $107,000 ahead of a significant options expiry on Deribit, with a max pain price of $102,000. The market is observing a cautious sentiment as traders prepare for potential volatility. Additionally, Cardano (ADA) is testing a critical support zone after a slight correction, with hopes for a bullish reversal if it holds above $0.49. In the corporate space, The Smarter Web Company has successfully raised $56.5 million to acquire more Bitcoin, reflecting ongoing institutional interest in the cryptocurrency. Lastly, the U.S. Senate is pushing for a September deadline for crypto regulations, while the House remains less decisive, highlighting the ongoing legislative challenges in the crypto space. These developments underscore the dynamic nature of the cryptocurrency market as it navigates regulatory and market pressures. Show more
Economic Times
7 days ago
- Business
- Economic Times
I have assets worth Rs 1 crore and 50k monthly expense, can I leave my job now?
Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) Let us assume that the market grows at a tepid 8% in the next year. You will be left with about Rs 1.17 crore when you stop working. Of this amount, if you wish to create a stable income from a safe source, you can invest about Rs 80 lakh in RBI Floating Rate bonds , which currently offer an 8.05% return, with quarterly payouts, and can be renewed. Even if the interest rate falls a little, you can move some corpus from the remaining Rs 37 lakh to make up for your income. You can continue to hold the remaining corpus in equity MFs and allow it to grow. Do keep in mind that you have not considered inflation in your monthly requirement. If so, you may need to start withdrawing from your mutual fund holdingsVidya Bala, Co-founder, you want this income for, say, the next one year (assuming you get back to work by then) without disturbing your corpus, you would need roughly around Rs 1.2 crore to generate Rs 8.4 lakh of income per year (Rs 70,000 per month). We have not considered inflation here and assumed a return of 7% from debt funds or deposits. If you simply plan to withdraw funds, then you can just park Rs 9 lakh and keep withdrawing the amount monthly for about a year. Or, if your intention is not to work anymore, then assuming an inflation of 4.5%, a return of 7.5% on the corpus, and a lifespan of 80 years, you need around Rs 1.8 crore to generate income with annual inflation. For either of these objectives, you may use a combination of short-duration funds and equity savings funds to generate the required cash flow through SWPVidya Bala, Co-Founder,
Newsweek
25-06-2025
- Business
- Newsweek
America Warned of Millions Who Are 'Functionally Unemployed'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. While headline unemployment may be stable, an increasing number of Americans are experiencing what is referred to as "functional unemployment," a term that highlights the deeper issues facing America's workforce. According to the Ludwig Institute for Shared Economic Prosperity (LISEP), 24.3 percent of the country now find themselves "functionally unemployed," defined as "the jobless plus those seeking, but unable to find, full-time employment and those in poverty-wage jobs." This is up from 24.2 percent in April, but down from 24.7 percent at the same time last year. Why It Matters While topline employment figures remain among the most commonly consulted labor indicators, LISEP's metric captures other elements that factor into the overall health of the U.S. labor market. In doing so, the think tank argues, it can reveal overlooked issues while providing policymakers with "more accurate measure of Americans' financial well-being." What To Know According to the Bureau of Labor Statistics (BLS), the unemployment rate held steady at 4.2 percent for the second consecutive month in May and has remained above 4 percent since May of last year. The economy also added 139,000 jobs over the month, slightly behind the average monthly gain of 149,000 over the past year. LISEP's report, released days later, factored in the official figures alongside the share of the labor force that is seeking but unable to secure full-time employment, as well as those earning below a living wage, measured as $25,000 before taxes. The U.S. Department of Labor building in Washington, D.C., as seen in June 2025. The U.S. Department of Labor building in Washington, D.C., as seen in June the resulting figure for the True Rate of Unemployment (TRU) has been steadily improving in recent years, LISEP notes that there remain significant disparities along the lines of gender and race. The percentage of functionally unemployed White Americans (23.6 percent) sits well below the rate for the Black and Hispanic population: 26.7 percent and 27.3 percent, respectively. Additionally, 29.9 percent of women are now in this category, compared to 19.3 percent of men. LISEP's estimate that 24.3 percent of the working population finds itself functionally unemployed would equate to over 66 million Americans, based on the population included in BLS calculations. However, some experts are skeptical of the need for LISEP's unique metric, given the availability of the incorporated data. Labor economist David Card noted that the BLS already publishes several alternatives to the headline unemployment figures, including its "alternative measures of labor underutilization," which includes part-time workers who are seeking full-time work. "That is a long-standing series that many people look at. It has risen more over the past year than the standard unemployment rate," he told Newsweek. "I am not so convinced that adding all the other groups is helpful, other than as a rhetorical device." What People Are Saying LISEP Chair Gene Ludwig, in a June 18 press release: "Over the past four months, we've seen a stagnation in job opportunities that pay above poverty wages, particularly for low- and middle-income workers. As economic uncertainty grows, more Americans are losing ground. Wages aren't keeping up with the rising cost of living, and the shrinking availability of living-wage jobs is compounding the strain. The consequences for working families are becoming increasingly severe." "The TRU, and its stark contrast with government headline statistics, tells us American workers are facing greater challenges than what we are led to believe," he added. David Card, professor of economics at the University of California, Berkeley, told Newsweek: "It is useful to keep track of poverty rates and various measures of unemployment and lots of other indicators. Whether they should be combined in a single index is unclear." Josh Bivens, Chief Economist at the American Enterprise Institute, told Newsweek: "The problem of low pay in the U.S. is real and important, but it's not a new feature of the economy and it's not been hidden. And the last five years have seen this problem get substantially better. Low-pay indicators have dropped faster in that time than in any time in the past 40 years." "Compared to historic norms, the incredibly strong economy handed off to the Trump administration persists for now. Soon it might not," he added. "The signs of that will be rising unemployment, involuntary part-timism, and falling wages for low-wage workers." What Happens Next The U.S. labor market and broader economy face a mixed outlook in the coming months, primarily due to the administration's trade policies and their potential impact Last week, Federal Reserve Chair Jerome Powell said that the U.S. economy was "in solid shape," but warned of "very high uncertainty" due to the impact of tariffs. "Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs," Powell said, "because someone has to pay for the tariffs."
Yahoo
24-06-2025
- Business
- Yahoo
RATE25: Victor Ciardelli and Rate Companies, the #2 retail lender in the country, celebrate 25 years of empowering homeownership with the Launch of Rate25
CHICAGO, June 24, 2025 (GLOBE NEWSWIRE) -- Rate, a leading fintech company, is commemorating 25 years of innovation, growth, and impact with the launch of Rate25. This week-long celebration honors the people, partnerships, and milestones that have propelled the company to help over 2 million customers realize their dreams with more than $300 billion in originated loan volume. Founded in 2000 as a bold startup on Chicago's north side, Rate has grown into one of the nation's top retail mortgage lenders. Rate has spent the past 25 years differentiating itself in the marketplace with low, low prices, cutting-edge technology, unparalleled speed, as well as expert advice and service. At the heart of Rate's success is a mission to Grow for Good and make a meaningful impact on its customers' overall wellbeing, both financial and personal. This commitment comes to life through two key pillars: the Rate Foundation, which supports families and communities in need, and the newly launched Rate Super App, which brings together all of Rate's financial offerings and personal wellness resources in one seamless experience. 'Reaching this milestone is a moment of reflection, pride, and deep gratitude,' said Victor Ciardelli, Founder and CEO of Rate Companies. 'Our success has always been rooted in relationships, those we build with our customers, our employees, our referral partners, and the communities we serve. I'm incredibly proud of how far we've come and even more excited for what lies ahead.' Rate25 will take place the week of June 23rd, bringing employees together across the country to celebrate its journey and future direction. The campaign includes company-wide recognitions, meaningful experiences, and a digital timeline celebrating the people and milestones that have shaped Rate. 'Our team's relentless drive to imagine what's possible and then bring that to life has been the foundation of Rate's success,' added Ciardelli. 'Rate25 is about celebrating how far we've come, while renewing our commitment to where we're going and beyond. Rate is truly building the future of fintech and personal wellness, by putting people first, using technology to empower, and staying grounded in our mission to make a meaningful difference in every life we touch.' About RateRate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include: Top 5 Mortgage Lender by Inside Mortgage Finance for 2024; Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire's Tech100 award for the company's industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine's Lender of the Year for seven consecutive years; and Chicago Tribune's Top Workplaces list for seven straight years. Visit for more information. Media Contact:press@
Business Wire
20-06-2025
- Business
- Business Wire
Franklin BSP Realty Trust, Inc. Announces Issuance of Unsecured Senior Notes
NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) ('FBRT' or the 'Company') today announced that through its operating partnership, FBRT OP LLC, it has successfully issued, in a private offering, $107 million aggregate principal amount of unsecured senior notes, consisting of $82 million of 8.25% unsecured senior notes due 2030 (the 'Fixed Rate Notes') and $25 million of floating rate unsecured senior notes due 2028, with an initial coupon of approximately 8.33% (the 'Floating Rate Notes,' and together with the Fixed Rate Notes, the 'Notes'). The Fixed Rate Notes will mature on April 25, 2030 and the Floating Rate Notes will mature on April 25, 2028. The Company expects to use the net proceeds from the issuance of the Notes for general corporate purposes, which may include funding a portion of the purchase price for the recently announced acquisition of NewPoint Holdings JV LLC. There is no guarantee such acquisition will close, and the issuance of the Notes was not contingent on the closing of such acquisition. The Notes were offered only to persons reasonably believed to be qualified institutional buyers and accredited investors in reliance on Rule 144A and Regulation D under the Securities Act of 1933, as amended (the "Securities Act"), and non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes will not initially be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Franklin BSP Realty Trust, Inc. Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States. As of March 31, 2025, FBRT had approximately $5.7 billion of assets. FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Resources, Inc. For further information, please visit Forward-Looking Statements Certain statements included in this press release are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of the Company and members of our management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements. Further, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law. The Company's forward-looking statements are subject to various risks and uncertainties. Factors that could cause actual outcomes to differ materially from our forward-looking statements include macroeconomic factors in the United States including inflation, changing interest rates and economic contraction, the extent of any recoveries on delinquent loans, the financial stability of our borrowers and the other, risks and important factors contained and identified in the Company's filings with the Securities and Exchange Commission ('SEC'), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and its subsequent filings with the SEC, any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this communication are made only as of the date hereof.
