Day: September 11, 2020

Lost Income Due to Coronavirus? A Personal Loan Might Help

A woman wearing a medical mask walking down the street.

Image source: Getty Images

Millions of Americans have lost their jobs in the COVID-19 crisis. And even those who aren’t completely out of work may still be grappling with income loss. If you’re in that boat, you may need to borrow money in the near term to cover immediate expenses. That’s where a personal loan comes in.

How do personal loans work?

A personal loan is a loan you can use for any purpose. In that way, personal loans work much like credit cards — you can borrow money for whatever you need, but the interest you’ll pay on a personal loan will generally be much lower than what you’ll pay on a credit card. Additionally, too much credit card debt can hurt your credit score, whereas a personal loan won’t hurt it, provided you keep up with your monthly payments.

Is a personal loan a good solution during the

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Cyberattack against international firm impacts health system

A cyberattack against an international software company includes a database breach which may have compromised personal information, a North Carolina hospital system said.

Atrium Health posted a notice of the attack on its website, saying some information, possibly including a person’s name, birth date and doctor’s name, was accessed when cybercriminals targeted Blackbaud, which is one of its vendors, The Charlotte Observer reported Tuesday.

According to the hospital system, no medical records or information about medications or test results were compromised and no credit card or bank account information was stolen.

Blackbaud, which provides donor management software to many institutions around the world, notified Atrium on July 16 of the attack on its systems, according to Atrium’s letter to patients. The newspaper said it obtained one of the letters on Saturday.

In a statement to the Observer, Atrium said “there are still many unanswered questions and we are

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FOREX-Dollar steadies after U.S. jobs report, focus shifts to ECB meeting

* Graphic: World FX rates in 2020

By Eimi Yamamitsu

TOKYO, Sept 7 (Reuters) – The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while traders shifted their focus to the European Central Bank’s meeting on Thursday.

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

In the immediate aftermath, the greenback rallied to its highest in a week at 93.242 against a basket of six major currencies on safe-haven buying, but later retraced its gains as U.S. stock indexes recovered.

The dollar index was little changed on Monday at 92.846. Foreign exchange trading was likely to be subdued as U.S. financial markets are

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Digital currencies raise ‘fundamental questions’ for central banks

Digital currencies such as Facebook’s (FB) Libra raise “fundamental questions” about the role of central banks in ensuring the stability of money and payment systems, Bank of England governor Andrew Bailey said on Thursday.

In a speech to the Brookings Institution, Bailey questioned the extent to which central banks should be involved in the underlying payments infrastructure of digital currencies.

Central banks currently play a crucial role in ensuring confidence in the monetary system, through issuing currencies and maintaining price stability, he said.

Policymakers are particularly uneasy about the introduction of privately operated digital currencies with global ambitions.

In part because the value of so-called stablecoins such as Libra would be tied to other assets, central banks fear that they could replace traditional currencies and upend financial systems in the process.

READ MORE: Bank of England to assess potential for digital central bank currencies

Critics such as French economy minister

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