Month: September 2020

How Do I Apply For A Personal Loan?

If you’re thinking about applying for a personal loan, it’s important to consider your options carefully before taking the plunge.

In this guide, we explain all you need to know about the application process, including what to watch out for, to help increase your chances of getting accepted.

What is a personal loan?

A personal loan allows you to borrow a fixed amount of money over a fixed term. You can typically borrow over a term of between one and five years, although in some cases, you may be able to borrow for seven years or longer.

You will usually be given the option of borrowing a sum of between £1,000 and £15,000, with some providers offering larger loan amounts of up to £25,000.

Personal loans are also known as unsecured loans as, unlike secured loans, you do not have to use an asset such as your home as

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‘Need For Further Fiscal Action Is Obvious’

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Thursday after the weekly U.S. jobs report from the Labor Department revealed a surprise increase in the number of initial jobless claims.



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© Provided by Benzinga


On Thursday morning, the Labor Department reported 870,000 initial jobless claims for the week ending Sept. 19. That number was slightly worse than the 860,000 claims in the previous week and the 850,000 claims economists were expecting.

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Several economists and analysts have weighed in on what the disappointing report means for investors and the economy.

Recovery Losing Steam: Joseph Brusuelas, Chief Economist at RSM US LLP, said the jobs number is yet another signal the easy part of the economic recovery is already in the rear-view mirror.

“One gets the sense that the reality of an economy operating at 80% capacity has finally sunk in, and pricing action across asset classes over

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Final Expense Insurance Market Size by 2020-2025, Estimate Market Constraints and Challenges, Top Company Profiles, Industry Risks and Opportunities

The MarketWatch News Department was not involved in the creation of this content.

Sep 21, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global “Final Expense Insurance Market” reports offers an extensive collection of reports on different markets covering crucial details. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data. The Final Expense Insurance report includes country-wise and region-wise market size for the period 2015-2025. The report covers key strategies and plans prepared by the major players to ensure their presence intact in the global competition.

It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2025. The Final Expense Insurance market research focuses on the

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Norway central bank says “considerable uncertainty” about NOK supply

OSLO (Reuters) – The Norwegian central bank said on Friday it will offer additional short-term loans to the country’s banks after considerable uncertainty arose about the supply of the crown currency in recent weeks.

Liquidity had been unevenly distributed between banks, Norges Bank said, and it will now seek to strengthen banks’ incentives to lend to each other as a way to boost the interbank market.

As a result of the imbalance, money market rates have recently risen, analysts said.

The Norwegian currency initially weakened on the news, hitting a four-and-a-half month low against the euro before a partial rebound.

Norges Bank data showed that those banks which had ample liquidity on a some occasions had chosen to deposit it with the central bank at negative rates rather than lending to other banks, DNB Markets analyst Kyrre Aamdal said.

“This indicates a problem in the redistribution of liquidity,” Amdal said.

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You don’t need perfect credit to get a personal loan

A low credit score doesn’t have to stand in your way if you want to get a personal loan to cover an emergency or consolidate your debts.

Borrowers with bad credit, which is a FICO score below 630, may need to put in some extra work to qualify for a personal loan. But taking these steps can not only help you get approved, they could also get you a cheaper interest rate.

Clean up your credit, shrink your debt

Before you apply for a personal loan, get a copy of your credit report to see what the lender will see on it, says Adrienne Ross, a Washington-based certified financial planner. You can get one free copy of your report from all three major credit bureaus at annualcreditreport.com.

The details on your credit report can show you why your score is low and signal how to address the issues before a

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The Finance 202: New job postings are slowing, another sign the economic recovery is losing momentum

The information on openings from the jobs sites provides an up-to-date look at the state of the labor market. Recent history suggests it accurately previews the federal government’s data, which lags by weeks. Activity on Glassdoor, for example, has closely tracked that in the wider jobs market — and it shows new postings leveling off in August:

Indeed.com is reaching roughly similar conclusions, with postings last week showing a 20 percent decline from 2019 levels, according to data it shared with the Wall Street Journal’s Eric Morath.

“Job postings on the site plummeted this spring when the pandemic hit. By May postings were 33% below February’s prepandemic level,” he writes. “But as states allowed many businesses to reopen, demand for labor improved steadily through July, and in August postings were about 12% below the early February level. Since then, the level of postings has largely plateaued and remained well

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State Farm to acquire Dallas insurance company Gainsco for $400 million

Dallas-based Gainsco has agreed to be acquired by State Farm in a $400 million deal, according to a Thursday news release.

The deal, in which State Farm has agreed to purchase all of Gainsco’s stock, is State Farm’s first acquisition of another insurance company in its 98-year history.

Gainsco will continue to operate as a separate company, but over time the two insurance firms will begin to combine products offered to customers, according to State Farm. The deal is expected to close in early 2021 pending approval of Gainsco’s shareholders.

“We are excited for the opportunity State Farm agents will have to serve a market that has historically not been open to them,” State Farm president and CEO Michael Tipsord said in a statement. “This will help us further toward our goal of serving more customers in more ways.”

With its headquarters in Oak Lawn, Gainsco was founded in 1978

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Here are 3-year bank fixed deposits that offer up to 7.65% for senior citizens



a close up of text on a white background: Here are 3-year bank fixed deposits that offer up to 7.65% for senior citizens


© Ruchira Kondepudi
Here are 3-year bank fixed deposits that offer up to 7.65% for senior citizens

Most senior citizens prefer investing in bank fixed deposits (FDs) to earn a regular monthly income after retirement. However, falling bank deposit rates have reduced their monthly income sharply in the last one year or so. This is because the Reserve Bank of India (RBI) has steadily cut repo rates. Banks have followed the same trajectory and gradually reduced the interest rates on fixed deposits across the tenures. The interest rate on small-saving schemes too have been cut in recent quarters.

Despite falling interest rates, there are still some banks that offer attractive rates on three-year FDs for senior citizens. Not surprisingly, the smaller private banks tend to top the rate chart on fixed deposits, given the competition they face in garnering deposits.

Higher rates offered by smaller private banks

Smaller private banks

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Vouch Insurance Partners With Ethena to Help Companies Proactively Mitigate and Manage Risk

Vouch customers now have access to essential sexual harassment training at a free or discounted rate through Ethena

SAN FRANCISCO, Sept. 17, 2020 (GLOBE NEWSWIRE) — Vouch Insurance, the business insurance platform for startups, today announced a partnership with Ethena, the sexual harassment training program designed for modern companies. The partnership provides new and existing Vouch customers with free or discounted anti-harassment training from Ethena.

In the workplace, harassment is pervasive and underreported. Studies show that at least 40 percent of women and 15 percent of men have faced sexual harassment, which has negative personal impact and is highly detrimental to company culture. Sexual harassment claims and lawsuits can also open the door to significant financial loss and reputational damage. A single sexual harassment claim can cost a company $22,500 in lost productivity.

There is an ethical reckoning happening across industries, with employees and the general public losing

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Analyzing Bank of America’s Unusual Options Activity

Bank of America
BAC,
+0.64%

shares experienced unusual options activity on Friday. The stock price moved up to $23.35 following the option alert.

Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).

Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and

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